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Bullboard - Stock Discussion Forum CANEXUS CORP 6.5 PCT DEBS T.CUS.DB.D

TSX:CUS.DB.D - Post Discussion

CANEXUS CORP 6.5 PCT DEBS > Who will get fired for this?
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Post by 00STS on Jan 14, 2014 9:32am

Who will get fired for this?

Or will they get a bonus? 40% is ridiculous - how do you spend 90 million dollars you didn't figure on? 90 million more - heads must roll or they have zero credibility.
Comment by philip3 on Jan 14, 2014 9:41am
Hugely disappointing. They have known this for months.  It would have made alot more sense to have kept shareholders in the loop on the project.  Down 50 cents at the open :-( Looks like It'll be another quarter before we see the price rise to reasonable levels again...
Comment by mikoola72 on Jan 14, 2014 9:56am
I agree very disappointing news. As for a timeline, I truely think it would be more like 2-3 quarters as this is becoming more of a 'show me' storey. 40% is a huge overrun and actual costs must have been known to management  prior. Most analysts I hear comment on this company say that their core business is cyclical and they have a little too much debt. So if funded by the ...more  
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