RCY 0.00% 0.7¢ rivercity motorway group

rivercity motorway opens tonight, page-24

  1. 45 Posts.
    After traveling through this tunnel a few times I would be very worried if I held stock. Slow average speeds in the tunnel and massive delays trying to exit at either end.

    http://www.theage.com.au/queensland/clem7-attracts-67000-drivers-a-day-20100322-qqj8.html

    The media seems to be glossing over alot of the delays people are experiencing. But according to the article 66,765 cars a day are taking the tunnel while it's free.

    66,765 cars and the traffic is crawling. How on earth are they going to get it up to 70,000 a day and convince people to pay for it when they are already having traffic problems in the tunnel ?

    This stock seems like a high risk play to me.
 
watchlist Created with Sketch. Add RCY (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.