Everyone has and is entitled to their view and you may well be 100% right, but...
I think bankers are smart enough to know this is an infrastructure investment - it should have a ramp-up period of some years - it's not a shop, a newspaper a bank or a finance product...it's an infrastructure investment.
Maybe the stock-market is not the right place to finance these types of projects going forward, people just don't seem to get it...the lure of the "quick buck" is just to strong.
I hope RCY do survive in the longer-term and I have no-doubt, in time, the tunnel will be heavily used...but people must take an INFRASTRUCTURE Investment timeframe!
RCY Price at posting:
11.5¢ Sentiment: LT Buy Disclosure: Held
