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Cream of the Crop > Group's Default Discussion > V.TBZ Tonbridge (power transmission line) View modes: 
  • V.TBZ Tonbridge (power transmission line)

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    2.5 stars

    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.
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