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Old Posted Apr 18, 2013, 6:00 PM
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Copes Copes is offline
Millennial Ascendancy
 
Join Date: Nov 2010
Location: St. John's, NL
Posts: 1,086
Quote:
Originally Posted by rwspencer38 View Post
90-mil loan that will never get repaid back. I doubt the sustainability of the pulp industry and I can only forsee the plant filing for bankruptcy in a few years. Harsh I know but such is life.
You're not wrong. My friend and I had a similar discussion today. In that sense, I suppose it is JUST like tossing money, considering the very small chance of getting repaid. It also probably delays the inevitable, stretching out the life of the plant longer than it otherwise should be around.
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