As you are blessed with unbounded optimism, I have some Babcock shares that may interest you as well.
I have taken my pain on RCY shares and moved on, so please accept my jest in reasonable humour.
It seems to me that the value of the tunnel might be about 1/2 to 2/3 of the debt load it is carrying. The current investors will get nothing, the banks will lose 100's of millions, and the new buyers will pay a fair price based on now known traffic numbers and costs, and expected ramp up/growth in the next 40 years.
The only thing that would save the tunnel is a well placed charge or two under the Story Bridge.
RCY Price at posting:
1.9¢ Sentiment: Sell Disclosure: Not Held
