RE:RE:Materials filed.Just a correction, Macro bailed on the Coastal JV
a couple years ago. Sustaining significant cost to do so.
The revenue this year is coming from Tmx, and likely 2 projects with TC energy.
This crisis in Europe will re write the script for energy infrastructure in Canada for the next ten years.
The lng project in Squamish will go ahead. MCR loaned technical staff to Fortis when they were designing the pipe.
They wil likely get that project.
Pacific Trail will likely move forward. A project by their customer. Lng will boom in BC in the next cycle.
Re working pipes for carbon capture, and hydrogen will
require facilities. Again, Mcr customers.
Tc will continue to work in BC and Alberta to expand natural gas pipe capacity to harness BC supply.
RANT TIME.
I repeat, the management estimates for revenue are sand bags. They have zero incentive to speak up.
The valuation reports show little imagination.
This whole stunt just points out that other than key man risk with Frank, and only Frank, this company is worth way more.
Let me point out an absurdity, the valuation actually looked at the NCIB. This program was ignored by management many times when the stock traded below net wc. We here were shouting for it to step in.
Market price... the company gave up investor calls. How could the market price be anything close to fair value.
Was the company shopped to achieve fair value?
Why did Mr. Albo leave late last year? Leaving the board and this valuation in the hand of a local truck operator, a chum of the bidders. Not to diminish his credentials, but a quick Google search of his co yields revenues estimates almost less than my broker account.
The whole thing stinks when you think of it. We are just relieved the stock is off the bottom.
If the company has decent years going forward, the cash flow and ebit multiple models point out fair is $10 plus.
Where did the brokers go with their $5 targets for this year? I guarantee they would have to bump the target with .6 billion in revenue.
They got wrapped up by the co.
4 frickin million dollars is being spent to grab this prize via legal, valuation, solicitation fees. Gravy doled out to purported independent voices.
That is a 15 cent dividend we should have gotten.
See where the efficient market price would be if they actually returned capital to the shareholders.
I repeat, cmon Gate City, shop this co. Fast.