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

Violation of the External Communication Policy

[HAWK37]

It nice that Canexus has a policy for External Communication. Unfortunately, they don't follow their policy for external communication which is the really key part of the policy. Especially for Doug Wonnacott, the CEO. They have still not fully disclosed the material, still non-public information that was shared by the CEO with a select group of investors last week at Whistler. Is this how he develops a culture of accountability? RH

[BlueCollar51]

HAWK37 wrote: It nice that Canexus has a policy for External Communication. Unfortunately, they don't follow their policy for external communication which is the really key part of the policy. Especially for Doug Wonnacott, the CEO. They have still not fully disclosed the material, still non-public information that was shared by the CEO with a select group of investors last week at Whistler

[Kherson]

Canexus posted the Whistler Presentation on their Website Monday morning! Better late than never... The issue that I have with the company concerning the Whistler Conference is that they never announced that they were planning on attending. Once Doug spoke at the conference, his presentation was available by webcast almost immediately on the Conference website. By Thursday evening that

[Calgaryrider]

Normally, these road shows are not consequential to the investor.  Not at all.  They deliver old news and try and build steam with it.  That's what was on paper (the presentation/slide deck).  So, normally, I don't care about when stuff is posted.....the timeliness is not consequental. However, the words that Dougie spoke and the questions he answered WERE very

[snootchybootchy]

What a ridiculous post.  I listened to the presentation and he never said most of those things.

[6milli]

PRESENTATION DISCLOSURE I understand the general frustration; however, I don't think there was anything material disclosed in the presentation. This means that there was nothing said during the conference presentation that would cause a rational investor to make a significant change in their investment thesis on the stock. Perhaps you have a disagreement with what the investment industry

[ocean112]

Quick sanity check - how much is NATO worth to a mistream (given that here are a number of players who could maximize the potential of NATO much better than CUS given thier experience and economies of scale). Current 5.5 Trains = $25M EBITDA Potential 10.5 Trains = $50M EBITDA Potential 14 Trains (with CAPEX of $25M) = $78M Annual EBITDA ADD: Salt Caverns/Condensate/Diluent = $10M = $88M EBITDA

[ocean112]

One more comment - what is the market currently pricing NATO at? Sodium Chlorate - $60M EBITDA HCL - $35M EBITDA Brazil - $25M EBITDA (above represents conservative long-term EBITDA) Total - $120M FORGET THE FACT:  a) Sodium Chlorate is the largest facility in the world, a strategic competitive advantage as the lowest cost producer given low electricy rates.  Nope - lets

[Calgaryrider]

I have nothing to bash about this post.   It's wonderful.  I completely agree with th $2.55 valuation. what we don't see eye to eye is our valuation for NATO.   This is is already a midstream asset.  It's current value is exactly zero, exclusive of debt.   I say this because it's just breaking even on cash flow.  I don't care what multiple you use

[Kherson]

Calgaryrider, you are scaring the present Canexus shareholders with the truth. Folks like Ocean112 and his handlers can not deal with the truth... Just maybe Canexus will indeed get $525 million for Blunderheim, then again, maybe not... Material Information is not a term very well understood by Canexus... Kherson

[6milli]

If they get $525M for NATO, the stock is worth like ~$7.50 (subject to various assumptions...)