RE: forget the idea of a trust fundExactly! A whole lot of cash is going to come to real companies now like HBM.
But I'd give it several weeks to really have an impact, as it will take the annihilated Trusties some time to redeploy cash. Right now they are reeling, and will be selling EVERYTHING, hence TSX -330 pts, to meet margins and just plain panic sell. I know that for sure many posters on the PEY.un thread are margined to the hilt on RT plays like PEY, TDG, ,et al. And they are all Conservatives, as I recall LOL! The irony of it all!
But frankly, the Tories were sending out signals on the RT file for a few weeks now, I certainly felt this was inevitable, but I figured they'd wait until after the next election. It's a gutsy call on their part and NECESSARY IMO, when Bell/Telus decided to go Trust, anybody with 1/2 a brain should have known the jig was up.