TSX:CUS.DB.D - Post by User
Comment by
Calgaryrideron Apr 15, 2015 10:15am
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Post# 23631408
RE:RE:April 2015 Investor Presentation
RE:RE:April 2015 Investor Presentation There are all kinds of misleading statements from the past coming to light.
The one below is a doozy. They signed a deal in Q3-2014 to increase to 5.5 trains, and they failed to mention that the deal didn't commence until a year LATER? Are you serious?
Kind of material information, don't you think. Also, it's clear that TRAINS have nothing to do with volume. The deals are clearly being signed without any guarantees on whether a train is full or got significantly less cars on it............that's why it says "AT FULL NOMINATIONS". I've never heard of a take or pay contract without any firm guarantees on volumes.
Folks, watch yourselves here. As I said, Q1 and Q2 could be just massive duds for Canexus as NATO continues to pull down the rest of the business.
At currently contracted levels (5.5 trains/week commencing in Q3 2015) we should break even (at full nominations)