GREY:STPJF - Post by User
Post by
adamsighton Apr 06, 2014 12:38pm
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Post# 22417592
Unless management does something stupid
Unless management does something stupidI believe we are in a place to see the best possible shareprice appreciation for a few select stocks on the tsx. Yes the debt is high. STP wont be able to spend much on construction for expansion until approvals come in. This will mean likely 18 months of earnings with little expenditure other than debt. As the plant maxes and senlac pops the price will go up. I think there may even be a possibility of the debentures being in the money by June of 2015. .18 was a gamble with little hope. 30 is a gamble with alot of hope and a line of operating credit.
After the end of may I agree that as long as ICD number 3 install shows improvement and as long as they dont sell a producing asset we could be on bnn again as a speculative buy with some strong targets that will make td cry.
Lutes brings this through his career will be locked, if he doesnt how will it look on his resume.
I hope they conclude it before the end of May so we dont get selling in May
Thats my wish for today, that and strong icd. I also think the other poster hit the nail on the head, although senlac is dropping all the other mackay wells are moving up regardless of icd's
I see boats all around.