Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: KyrosL who wrote (26868)	1/5/2003 8:42:47 PM
From: TobagoJack	Respond to of 74559

Hello Kyros, I believe Mirant is in deep doodle with their many power plants in the Philippines, and all problems are of the same sort, namely the PowerPurchase Agreement and the Coal supply agreement are with the same party - Meralco. Exit there will be difficult. Mirant selling their China plant for profit may or may not be true, as it depends on the value of the plants on the balance sheet. The values may have been written down during more dire times. With power plants, what you see is rarely if ever what you get, and sometimes you get nothing at all;0) Chugs, Jay