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Energy, Powder River Basin, and the DM&E

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[quote user="Murphy Siding"][quote user="futuremodal"]My guess is that DM&E has enough investors lined up to start at least the first few phases of the project.  May not mean the actual extension just yet, but rather continued concentration on the core money makers. [/quote][sigh]  Therein lies another big obtacle.  There are no core money makers at this time.  Kevin Shaeffer has said repeatedly, that they need the PRB extention to survive.[/quote]Always go with the analysts when predicting investor interest in such projects....<a href="http://www.progressiverailroading.com/commentary/article.asp?id=10527">http://www.progressiverailroading.com/commentary/article.asp?id=10527</a>"There's one place all of these folks might meet: South Dakota. Buying and selling is just one part of the money story; lending and borrowing is another. And the long Dakota, Minnesota & Eastern Railroad Corp. saga took another twist in February when the Federal Railroad Administration turned down DM&E's $1.33 billion RRIF loan request. Whether it was a straight FRA decision or one influenced by others (say, the Office of Management and Budget), I do not know. But I suspect that the DM&E has always had other options besides the feds - after all, the DM&E has built a fine franchise in of itself (think "ethanol"), and has gone through the rigorous permitting, regulatory, environmental and most of the political process on a winning streak. So what's next? A private-equity partner? Outright sale? Stay tuned."
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