[odyd 1,304]

I think this is the end of it. $2.5B in assets to creditors. The company capacity is going to be sold. Give away to Shunfeng http://www.bloomberg.com/news/2013-05-22/suntech-to-sell-project-discounted-panels-to-shunfeng.html?cmpid=yhoo Creditors pile up http://finance.yahoo.com/news/suntechs-local-creditors-claim-2-142307610.html In the meantime Hareon announced number of plant developments but there is a doubt that they can finance those projects http://guangfu.bjx.com.cn/news/20130522/435617.shtml

[odyd 1,304]

I hope this is a translation error. Are they saying JA wants to cancel its 1.3B contract with OCI? http://guangfu.bjx.com.cn/news/20130524/436120.shtml

[odyd 1,304]

I do not know how Suntech will be able to survive this. http://guangfu.bjx.com.cn/news/20130524/436069-5.shtml

[Guest joshchang]

I hope this is a translation error. Are they saying JA wants to cancel its 1.3B contract with OCI? http://guangfu.bjx.com.cn/news/20130524/436120.shtml

STP owes OCI 0.8B and it's about 1/3 of the total claiming liabilities. Somebody from JA is commenting on the 1.3B contract STP has with OCI. Looks like STP is done. The only good assets are P4 factory and solar plants associated with global solar fund.

[explo 629]

http://www.pv-magazine.com/news/details/beitrag/suntech-embarks-on-panel-fire-sale_100011481/#axzz2UUbZlCqT A chance for others to directly profit on Suntech difficulties.

[Guest greensolar]

http://www.businessweek.com/news/2013-05-30/ldk-solar-may-miss-payment-after-scrapping-silicon-spinoff-plans

[Guest outsmart]

Somewhat funny that China is not even realizing to what extend this is damaging their reputation. BTW: In Germany LDK is trying to pull Sunways out of a forced chapter 11 process.

[explo 629]

CDB will have to take Mahong? Noway LDK can pay up to them with other solution. Who will get it in the end? What if Wacker comes to the rescue? Would be a cool spin on the trade war.

[odyd 1,304]

Q1 announcement. Breakeven margins, nice. http://investors.csun-solar.com/phoenix.zhtml?c=211846&p=irol-newsArticle&ID=1826661&highlight=

[Guest chrisceeaustin]

Does anyone know what kind of gross margin SUNE makes on O and M? This seems to be a very large source and growing source of revenues. Second, Goldman Sachs said that just the part of SUNE that is the chip wafer manufacturing business is worth 5 dollars in stock price. It's been a long time since that part of the business was worth half as much as the solar part, IMHO. Does this mean SUNE is worth over 10 dollars? Is this how Goldman put SUNE on its conviction buy list? Edwards Air Force Base and I think some other huge project are about to get some milestone approvals. I will check on this on the web unless others have the answer. USA just approved another what, millions of acres of land for solar plants. Is this bullish because demand is up big or bearish because there was no mention of SUNE? The stock price seems stuck at 8 dollars or around that; they claim 925 MW in backlog for q3 through q2. Can they make a dollar in earnings off of that? I imagine so. Especially since the backlog seems to grow each quarter. 1 GW in projects at over 20 percent GM.

[Guest chrisceeaustin]

re: newest 50 MW project in Chile . . . World Bank makes decision on June 18 SUNE already building 100 MW project for mining company there.

[Guest chrisceeaustin]

New 2.5 MW project to supply half of electricity for Bristol Community College. Part of 6 MW SUNE project in that area for schools. SUNE will own and operate the system. Called "turn-key". New Gloucester solar farm will be enough to power 5100 homes -- 75 acre farm. Sun Edison will install 1.5 MW in Bangalore, Chennai and Delhi. Working with Seeo on storage system. Lots of small projects recently.

[Pop2mollys 414]

http://www.prnewswire.com/news-releases/ldk-solar-announces-extraordinary-general-meeting-results-210459531.html

[Guest Uncle Chang]

LDK is not worth a thing; they should've done it like our government motor (aka GM) style selling 2-3 billion shares once and for all. All these piece meal $25m here and there are really helping nothing! STP too! YGE should do it as well, the earlier the better.

[explo 629]

Too late for STP and LDK. YGE should issue 500m shares now, but I guess they'll blink just like LDK did when they didn't IPO the poly plant 2 years ago. For the others there's good chance of recovery before bleed out and less structural issues to fix with infusion. They should not dilute.

[Guest Klothilde]

Wouldn't SOL want some nice and comfy equity infusion as well? Last time I checked they weren't exactly repairing the balance sheet with crazy profits. YGE equity / assets = 13% SOL equity / assets = 14%

[Guest cfeng]

Klothilde, And yet as junk as YGE's balance sheet it is, it is valued at nearly 3x SOL. Any idea why that is?

[Guest SunSavesUsAll]

Isn't this old news? LDK sells another 25 million shares @ 1.03

[explo 629]

Wouldn't SOL want some nice and comfy equity infusion as well? Last time I checked they weren't exactly repairing the balance sheet with crazy profits. YGE equity / assets = 13% SOL equity / assets = 14%

SOL does not have the same structural problem with debt and fixed asset level preventing profitabilty. To pay off debt you need cash and to write down fixed asset you need equity. Issuing shares gives you both. Yge still has a decent market cap despite its galopping structural issues and should address the issues before it is to late. You also have to consider that half of YGE equity now belongs to a non-controlling interest instead of share holders. Share holders putting in 1.5b could change that and maybe buy out that interest that seems to reap all benefits. On the other hand YGE despite still competitive in market has already lost tons of shareholder capital, just like LDK and STP and there might be little motivation for shareholders to give them a new shot at managing shareholder capital. REC is the extreme example here. Lost tons of shareholders money and still retained their confidence and have received a lot of repairing new capital.

[Pop2mollys 414]

Isn't this old news? LDK sells another 25 million shares @ 1.03

If it is sorry... They put it in an official PR AH last night....