TSX:CUS.DB.D - Post by User
Comment by
daskon Jan 15, 2014 9:45am
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Post# 22093179
RE:RE:M. Kubera hold a Master of Finance wow!
RE:RE:M. Kubera hold a Master of Finance wow!It is relative simple, Magt knew that they have signifancant cost overruns, the porblem was how do you tell your shareholders and lenders that you have messed up and know that the market will react.
Some one messed up the question is - what is the impacted and how can it be fixedwith this they have not come clean.
I sincerly hope that no bonuses will be paid to the CEO and CFO and maybe some one head needs to be on the block? While overruns are anticipated but this is just unbeliviable to have a 40% cost overrun on a $200 mil project?