Re: RBC reverses it's position
posted on
Mar 11, 2016 08:14AM
Agreed, at this point an opinion nor the current SP tells you nothing at all. Although the majority of the sharebase is in 'strong' hands, it is the other part which does tell you the de-risking process has not yet started. As we know that can change rapidly, and it will. I expect a lot from the federal budget if even Gravelle is encouraged. Coutts is doing a great job holding back, one should know better but let's just wait for the federal budget to be presented. All signs are pointing one direction, if FN is being set on the wrong foot, the rest of us is just as well. I do not view government is postponing again to get private investment ready for rail or otherwise, simply because we know that the road is multi-purpose and is at the accountability of governmental bodies in the first place. If rail is partially a Chinese initiatieven at later stage, fine, and much more likely if government makes the primary move for roadbuilding. The situation has changed, as FN and business have been aligned, that was the ball in Not's camp. From here, likelihood has increased to get it done. ROF coverage during PDAC has been outstanding. whatever RBC' opinion. No matter SP level, this puppy is set to fly.