RE:RE:Waiting to hear from Little JamesMBA Huh? I know somthin about that. Yeah, I enrolled in the MBA Course for Bankers at Wharton. I flunked out after the first day, but not before i learned the Cardinal Rule in Banking
" Never hire anyone smart enough to figure out a way to steal the Bank's money." Banks are very strict when it comes to following that rule and its surprisingly obvious.
Lets see what James has to say. Is he gonna say he believes them Tatas are gonna front all the money for a Taconite mine and a pipeline? Or is he gonna conclude that the Tatas are gonna say that they wanna pay for the mine, but only if somebody else finances the pipeline? :) I wonder if the TATAs primary concern is not being held liable for misleading the stockholders, so they are going thru all the "right" motions, being careful not to find themselves in a pickle where they promise to finance this fruitcake style mine, at least not until global warming has had a lot more impact on the Northwest Passage. "This Moose ain't short." With the kind of dummies that love this stock, the stock could fly higher than a fartin buzzard on his last flight, no matter how bad its prospects are in the end. Its one thing to knock a stock if you are short, or dont think much of it. " But can't you go to jail if you knock a stock publicly in which you are short ,and claim you are not a short? If not you sure should. "
Seriously I defer to Little James. The report is more than I can understand. I go by instinct. I stand on the smell of Journeaux and the TATAs, the need for the pipeline as this is currently proposed and all the issues that raises, and the need to fly in workers. Projects do exist with pipelines, Tatas, workers who fly in, and operators similar to Journeaux( even if he never worked on anything that was not in the proposed state) ( he may have. He could have moonlighted in a Tata owned taxi for all I know or a mine that was finished )
Canada Moose