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Hi Grand,

Yes I totally agree with you on the frustration! I think its just been stagnant ever since the cut dividends, I have never been in it for the div yield though always love the idea of this new expressway! Surely with the fact it may open 10 months early and all of the risky business (drilling underwater) out of the way it cant be leveraged too much further down? I can almost bank on no cap raising as that was the whole fundamental behind cutting divs in the first place, so they didnt have to dilute holdings like other companies. Also there is no issue with repaying loans as they are all deferred until completion and then 70% of those are deferred to 2014 and onwards!

Just my thoughts.
-Xchange