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

Results Tomorrow

[Jackroy]

Trend of trades would suggest that tomorrow's results may be disappointing. To me the company should try to manage NATO to b/e or as close as possible. Write Down NATO. Then they should cut the dividend by 25%. finally, they should ride the benefits of the strengthening US$ and the pulp prices. Based on this, I think the stock is a winner. Manage NATO until you can sell it -

[6milli]

Without positive cash flow contribution from NATO a dividend of $0.30 is not sustainable.

[Jackroy]

I may have to re-crank the numbers but I would be surprised that it is not sustainable.

[ocean112]

____ Really - for 2015?  How do you figure - here is my math - assuming ZERO contribution from NATO.  Please correct me if i'm wrong. NaCL - $60M Brazil - $24M HCL - $25M FX Gain - $5M (assuming FX hovers around .85 for the year - conservative guess) Equals = $114M Interest = $30M EBITDA after interest = $84M Maintenance CAPEX = $25M (Debottlenecking initiatives would be

[Kherson]

This is what Ocean112 posted on March 11th while at the same time, he started shorting the stock... Kherson