RCY 0.00% 0.7¢ rivercity motorway group

I sense frustration at the still-falling share price...I don't...

  1. 1,641 Posts.
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    I sense frustration at the still-falling share price...

    I don't think anyone doubts it's a lovely tunnel. But how exactly do you propose increasing traffic in it? Everyone knows the tunnel is there. Everyone who thinks it's worth using is using it. The problem is- that is nowhere near enough people to keep it running with its debt load. Which means receivership or administration will come soon, followed by a sale of the tunnel to someone for...I'm gonna say $300m. The lenders lose 80%, the shareholders get bupkis, and the tunnel keeps doing what it's doing.
 
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Currently unlisted public company.

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