A: Cadiz Inc., $8.02, symbol CDZI on Nasdaq (Shares outstanding: 16.2 million; Market cap: $130.7 million; www.cadizinc.com), aims to tap an aquifer located beneath 34,000 acres of the eastern Mojave Desert in California. It will then sell the water to the drought-stricken suburbs and subdivisions in the Los Angeles Basin.
The proposal involves pumping 16.3 billion gallons a year up to 200 miles from the aquifer toward the coast. The water will travel through a 43-mile pipeline that Cadiz wants to build along a railroad line and then merge into the Colorado River Aqueduct, which flows into Los Angeles.
Cadiz appears to have the necessary permits to pump from the aquifer. It also has six utilities in the Los Angeles area that are ready to buy the water. The shares jumped at the start of May 2014, after the Orange County Superior Court upheld the Santa Margarita Water District and the County of San Bernardino’s decision to approve Cadiz’s project.
The company’s project…
Privacy Policy and Terms of Use
The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
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We do not collect or disclose personal information, except when it is provided to us voluntarily by the site/store visitor with their consent.
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What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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Does TSI Network Use the Information It Receives?
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Changes to this Policy
This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.
TSI Network may revise this Policy from time to time.
Legal Notices and Disclaimers
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