Mirant Corporation (MIR) Message Board

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Gold/Mining/Energy : Mirant Corporation (MIR)

MIR 23.83

+1.8%

Jan 2 9:30 AM EST

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To: howsmydrivingal who wrote (203)	2/21/2002 11:41:26 AM
From: Asymmetric	of 903

Mirant getting cash burn down. Mirant is urgently taking actions to get their cash burn rate down. They don't want to throw away hundred's of millions of dollars in investments on power plants that are 70-90% complete and about to come online this year and next so those costs, and they are quite substantial, are still going forward. Obviously, to not go forward would not make logical/financial sense, and would raise one heck of a red flag that these guys are in deeper doo-doo than anyone realized. Mirant is looking at selling off or closing their European trading operations, laying off people in their Atlanta headquarters, etc. We'll see. Good luck. Peter.

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