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

RE:RE:RE:RE:New presentation coming

[Nawaralsaadi]

Out of the many good slides on this presentation, the one assessing 2013 is the most interesting in my opinion:
 
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A very challenging year that did not meet our expectations or the markets
 
North American Chlor-Alkali Business
Underestimated weaknesses in caustic soda prices
Overestimated demand for hydrochloric acid in Western Canada
Going forward, we have improved our market intelligence
 
NATO Manifest (truck-to-rail) Business
Project delays but operations now ramping up
To date, highest daily transload volume ~90% of capacity
Challenging winter weather conditions impacted results in Q1/14
 
NATO Unit Train Project
Construction and ramp-up delays
Planned 60-90 day shutdown in June to complete remaining work
Cost overrun
 
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It is very rare to see such a candid public assessment by a board and a management team, this exactly what they should be doing to regain back their credibility. Having been involved with activism for several years, I continue to be impressed by the way this company has dealt with its issues. This is the hallmark of a great company and another comforting factor that Canexus will deliver in 2014 and thrive in 2015 & beyond.

Regards,
Nawar