Fortune Minerals Limited. T.FT

Deal

[geolith]

Fortune should cut a deal, any deal with the Chinese (or Russians) and force the feds to the table.  Governments will do nothing for as long as possible if they can get away with it.  A deal with a less preferred partner, even a crappy deal for shareholders will force action from Ottawa.

[Freedom2022]

Have you heard of the Feds doing any other CM deals yet?  maybe there just slow getting the money out?  cheers!

[geolith]

Ottawa has an abundance of rhetoric.  This could pour out in great quantities denouncing or promoting what the government wants to promote or denounce.  You don't need cash. Canada or US lithium, cobalt or graphite can be shipped anywhere.  Battery factories must buy supplies. Recall, Canada is a net oil exporter, but the big refineries on the east coast import foreign oil. 

[red]

Judging by the current standing of so called front runners of ELBM and JRV etc etc ... there must be some serious forces at work looking to keep Canada and the USA out of the CM mining and processing business.... and its not just China. when our government acts is key to the next couple of decades... we talk a good story here but fall to walk the talk.  we as Canadians will pay a price

[elitespooner]

fun fact, oil from the west goes from the westside and down through the Canal and up to those eastern refineries. just to add to the typical CDN f..ckshow ...

[geolith]

Irving's refineries buy the cheapest oil.  Through 2010 it was Venezuela that supplied it.  Almost all Alberta crude goes south to Oklahoma, where we get 40% of world prices, in part due to the quality, in part because there is a monopoly buyer. Trans Mountain is twinning their pipeline to the west, but this has historically shiped to the US Cherry Point Refinery or the Burnaby

[George108]

Trudeau gets $ for every barrel of oil that Irving imports. This was set up by PET I believe. No wonder he doesnt like the West as this would cut into his huge wealth.

[elitespooner]

https://financialpost.com/commodities/irving-oils-come-by-chance-refinery-purchase-a-building-block-to-get-western-canadian-oil-east

[geolith]

Perhaps Come by Chance gets its oil this way.  from wikipedia, "The Irving Oil Refinery is a Canadian oil refinery located in Saint John, New Brunswick. It is currently the largest oil refinery in Canada, capable of producing more than 320,000 barrels (51,000 m3) of refined products per day.[1]" At 320,000 barrels per day,  it is a good size. 

[elitespooner]

exactly, the CDN f.ck show

[red]

Not sure of what deals have been done in any detail atm, but we do know that they reported they ( in whatever form) dished out a billion $$ last year already !! apparently more to come .... will we ge any ? Remains to be seen.  we wait 

[elitespooner]

like the Kiwi's; Sirius Report China and New Zealand are ready to promote military relations between the two nations.