CANEXUS CORP 6.5 PCT DEBS T.CUS.DB.D

RE:RE:RE:RE:Filled

[hawk35]

I agree there will be more downside.  Problem is debt will be too big by end of 2014.  And cash flow from the trains is expected to add 50 million a year so it will take all of this extra cash just to pay off the cost overrun.  That means no increase in the divi and perhaps a decrease.  And that means some institutions will likely bail in the next few weeks.  And all this depends on them meeting their target dates for the next year and I say that tongue in cheek.