TSX:VSN.DB.B - Post by User
Comment by
Armcorpon Dec 11, 2016 10:56pm
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Post# 25583789
RE:RE:Back to $10
RE:RE:Back to $10My understanding of the Jordan Cove issue is that the US regulator sees no reason to revisit its decision to not allow the project to go ahead. The decision was originally based on VSN being unable to demonstrate a customer base, or something like that. The new info that VSN presented may have affected that aspect of the project, but it also seems strangely that new info of that type is not significant enough to warrant a decision change. Instead VSN has to resubmit, and now that they have been through the process once, and knowing Trump is friendly to this kind of project, I would think it is likely that VSN will resubmit and that it will get approved. It will take a year or two to get there though...