Compliance Energy Corp CPYCF

low

[turbo221]

I have a feeling the SP will be at this level till we get a final decision late year. :s

givs more time to buy

[turbo221]

haha im either gonna be rich at the end or have a lot of dead money lol

[2guys]

turbo, IMO the market is waiting for the EAO to accept the application.  EAO acceptance would give it much needed credibility and hopefully a boost in share price, but then I believe it should flat line until a final decision later this Fall.    I think the wait will be worth it.  Too bad it took this long to get it filed, but that's only because this may well become a

[turbo221]

i agree there will be a bump, but a significant one? not so sure.  i am waiting to buytill its accepted though.

[2guys]

The good thing is they won't need any financing until they get an EA decision.  I was told they have approx. $ 2 million in the bank, and they won't be spending much except Office and Administration which should leave them with a healthy cash position when the decision is rendered.  JMO

[chrisale]

I'm sure those asking for more studies, the regional district and local municipalities and bc shellfish growers association would not be opposed to such a bond IF the company also had a requirement to set a bond to pay for any cleanup of unforseen environmental spills during operation and after  they have vacated the property when the mine has run its course in addition to paying a carbon

[2guys]

chrisale, I believe that is one of the requirements and CEC and its partners will need to put up a bond for any costs that may be required during and after it's run its course.   Reclamation and Closure Is there a reclamation or closure plan in place? Land reclamation is a requirement of modern day mining. At every step of the mining process, from exploration to decommissioning

[chrisale]

That looks like 1 of the 3.  We also need to make sure the bond will clean up unforeseen (since they always seem to be) environmental problems resulting from the remain ants of the mine that were not addressed during closure/reclamation.  Plus, that nasty business of a carbon tax on every tonne of coal sold.  

[2guys]

chrisale, I think with regards to any unforeseen clean up costs, the EAO should be on top of this with any mine after it's put into production.  More money needs to be spent by the government to make sure that any foreseen or unforeseen clean up costs be addressed, IMO.   As for the nasty carbon tax, I believe that it's added to the purchase of coal or any fossil fuel within

[chrisale]

  #1:  "More money needs to be spent by the government to make sure that any foreseen or unforeseen clean up costs be addressed" If you mean that more money should be spent by government to monitor activity as it is happening and afterwards so that issues can be addressed ASAP then absolutely.  However, if you also mean that government should PAY for that clean up

[2guys]

Yes, I think that more money should be spent on monitoring, and if found that there needs to be more money spent on cleanup, then that expense should go to the miner, but I also believe that the bond will be sufficient to cover all this.   As for your comment on carbon tax, it just won't work IMO.  Importing and exporting, how many times would you expect a product to be taxed? 

[chrisale]

Of course a carbon tax would be passed onto consumers, that is the point 2guys, to encourage people, and business to supply, demand, produce and consume less CO2.  Any strategy that does not accomplish that is not addressing the climate change problem. As for CCS... The Sask Power proposal  would not reduce CO2 emissions considerably if the only way to store the co2 is to use it to

[mokita]

Evidence of Teck coal mine poisoning of Elk River since 2008 exposes a coverup of astounding proportions on the part of the industry and government agencies involved.  For the thousands opposed to Raven, this poisoning calls for  rejecting any claim  BC's environmental review process is rigorous or CEO Tapic's claim that Raven will protect the environment. 

[mokita]

Evidence of Teck coal mine poisoning of Elk River since 2008 exposes a coverup of astounding proportions on the part of the industry and government agencies involved.  For the thousands opposed to Raven, this poisoning calls for  rejecting any claim  BC's environmental review process is rigorous or CEO Tapic's claim that Raven will protect the environment. 

[2guys]

Good point mokita, and maybe one that you or any other contributing to the public comments period for Raven can bring up.   Even though Tech has nothing to do with Raven or Compliance Coal, you could make a valid point somehow.