Marin Katusa, who used to write the Casey Energy report, now offers his research for free and highlighted Alterra Power in his first newsletter. He is a major shareholder and has laid out the specifics on how this company will be looking to increase shareholder value.
In addition Frank Curzio recently did an interview with Ross Beatty, the CEO of Alterra Power. Mr. Beatty is known in Vancouver mining finance as "the broken slot machine' because of his consistent value creation for shareholders over the years in various companies (Pan American Silver, Lumina Copper).
What I find interesting about the Katusa write up is that like Katusa I also jumped the gun early when these renewable energy companies first came on the scene five years ago. I bought into the hype and lost my butt on Nevada Geothermal and Ram Power. Mr. Beatty also talks about how he learned some expensive lessons when he first got involved in renewable energy. However like any good businessman he learned from his mistakes and refined the Alterra model to where it is now. The company is growing with a portfolio of operating assets with guaranteed revenue streams. Alterra fits into the royalty model that I have been drifting to recently (Altius Minerals, Sandstorm Gold).
Alterra Power came out with earnings last week and the transcript of the conference call is worth reading. I thought this exchange on the Q&A was interesting: