October 18, 2009 04:07 pm
The company is planning to build a two-way electricity transmission line from Alberta to Montana, called Montana-Alberta Tie Line (MATL). Tonbridge has after a lot of delays and struggles come to a point where they have secured $161 million loan from the US Energy Dept (Stimulus Plan). The company is awaiting two things: Raising financing for the about $60 million balance of their needs; and the ruling from the Supreme Court of Canada re an application to appeal by a group of farmers about the path of the transmission through their farms.
This all is expected to be sorted within a month or so.
The stock closed at 28 cents of Friday the 17 of Oct. It has a huge upside potential. This is the first project of its kind and is favoured by the US government as a green power transmission line ... much needed.