RE: RE: RE: Raven Mine Facts vs Misinformation.. Jobs: the jobs fallacy perpetrated by big business to support unfettered and unaccountable development is the great lie of our time. The fact is there is always another development and there can always be a better project, that will provide the same jobs and saying good wages.
Investors standing to lose: let's get real here. Raven is a penny stock. Unless people have decided to go all in with their entire savings, no one is going to lose their shirt on this stock. In fact, by not investing in it at all you stand to lose exactly nothing. The risks to Ravens operating prospects are great. From plummeting coal prices, Plummeting coal usage (due to a shift to NG and renewables) and the poor quality of the met coal and the exceedingly long EA process that has gone on, there are big risks here short and long term for any investor. And the moral risks and costs are high as well.
I've never said they WILL get their permit. I said it is likely under this government. Now that the Final EA decision is lining up squarely with the next election, there is a much greater opportunity for the opposition to influence decision makers... Especially since an NDP landslide is expected.
If investors still choose to invest in CEC despite the strong and factual opposition voiced here and elsewhere. That is no ones fault but their own.
The only people so far who have lost money so far are the big banks who initially invest in CEC. They've cut and run now. And why wouldn't they, CEC is a penny stock with a huge opposition arrayed against it. I'm sure there are far better prospects to plug speculative cash into.