Compliance Energy Corp CPYCF

Price of Coal is Down, 36 Miners Permanently Lose Their Jobs

[WileyCoyote1]

Hillsborough Resources, owner of the Quinsam coal mine in the Campbell River area has recently permanently laid off 36 miners due to the dropping price of thermal coal.  While Compliance likes to say that their coal is metalurgic coal, sources say it is actually thermal coal and coking coal which would have to be blended to make steel.
 https://www.campbellrivermirror.com/news/245451251.html

[supra48]

Hey WileyCoyote1 I hope your buying at these low prices......this is a stock message board in case you don't know that.

[supra48]

I would think situations like this makes the old saying buy low sell high a buying opportunity. It takes a some commitment to buy and hold at these lower levels but that is how it is done.

[jvand]

While Compliance likes to say that their coal is metalurgic coal, sources say it is actually thermal coal and coking coal which would have to be blended to make steel. I don't think they blend thermal and coking coal to make steel.  Metallurgic coal is Coking coal.  I think you have misunderstood your sources.

[coalbad]

A noted geoscientist has commented on the Raven coal: The quality of the coal which is high ash,  high volatile A bituminous in rank which averages 35% ash on a raw basis. It is not a "coking" coal by itself-rather it is a "semi-soft coking coal" which is suitalbe for blending only with higher quality coking coals in the steel making process. It therefore sells at a 40

[jvand]

makes sense now.

[The_Shadow]

Hey Coyote did you also see in the local news that pretty soon (like starting next year) 100s of Baynes Sound area shellfish workers will also have to be laid off permanently? In the last few years some sort of unknown water quality issues have gotten ever worse with the net result being that there now is massive mortality of cultivated oyster and scallop operations, to the point that commercial

[chrisale]

"Unknown" water quality issues? Hah. Nice try.  The cause, if you care to use the Google at all, is very well known and has been affecting shellfish operations in the Pacific Northwest for the past 5 years.  The culprit is increased ocean acidity which is a direct result of higher CO2 concentrations in the atmosphere being sucked up by the worlds oceans.   So ya