KWG Resources Inc C.CACR

Ring of Fire NEWS and it’s not good! FFS!

[ETalien]

https://www.stockwatch.com/News/Item/Z-C!ELBM-3336624/C/ELBM


The Globe and Mail reports in its Tuesday, Nov. 29, edition that Jeff Labonte, assistant deputy minister for lands and minerals at Natural Resources Canada, told senior leadership at the Neskantaga First Nation in a meeting on Nov. 17 that it is possible no mines will be built in the Ring of Fire region, and that there is no guarantee Ottawa will ever come forward with the approximately $1-billion in funding needed for development to proceed. The Globe's Niall McGee writes that Mr. Labonte is the government's foremost expert on critical minerals. His skepticism comes as a key environmental study in the Ring of Fire faces a multiyear delay, and during a standoff between Ottawa and the Ontario government over funding. The Globe says it learned about Mr. Labonte's doubts from Dayna Scott, an associate professor at Osgoode Hall Law School, who was in the same meeting. She was there as a policy and strategic research adviser to Neskantaga, a Northern Ontario first nation that would be affected by mining development in the Ring. On Friday, Mr. Labonte said a message he wanted to convey to Neskantaga about the Ring of Fire was that "it may be that projects go forward, it may be that they won't."

[ETalien]

Is this reason why the sell off the other day? Perhaps, someone in the know sold their shares?

[freed1freed1]

No concrete decisions have been made yet. Let's keep in mind, $$$$ talks.

[Justcray12]

Wow, why isn't there a thumbs down option on this board, ET, it's so obvious what ur trying to do here. What kind of post is this. Some person overheard some person say "it may be the projects go forward, it may be that they won't" stick all ur money in nivi  and stay out of here

[ETalien]

You do realize I didn't write this shyte? I read it and the people that are involved have a lot more say what goes on in the world if mines and finance than me! I am pretty puzzled off about what I read!!! Same SHYTE we have been hearing for years!

[ETalien]

And what do you mean what I'm trying to do here? WTF is that suppose to mean? You must be reading other people's Shyte and are starting to believe their BS! I'm straight and narrow man and believe me I'm not trying to do whatever you think I'm doing here? I take offense to that cause I'm actually a FRIKING nice guy and just a regular Joe! 

[Justcray12]

ET, this is the farthest thing from news. Come February the groundhog may see his shadow.... or he may not. This is fluffed shyte to the core. Is not even the piece of "news" s you call it, it's ur dam heading. Kwg NEWS and it's not good, the only not good on that post is how it's posted and the content of the post.  Hope do you suppose this piece of "news"

[ETalien]

So I am assuming you do not think it warrants any attention? So the meeting they had does not affect anything that is going on in the RING of FIRE, is that what you are BASICALLY saying? So that is not NEWS about the RING of FIRE? I'm not talking about KWG, WYLOO or any specific company. My post is and still is a snippet so to speak that concerns the RING, I think maybe someone should write

[kwgguy]

Context is important: 1. Labonte is an assistant DM. Low level bureaucrat. Likely got dressed down by his boss's boss's boss's boss.. He said it may happen or it may not. Duh. 2. Known environmental activist Dayna Scott seizes on his comments. 3. Dayna Scott gives a "sccop" to anti ROF Junior Jimmy Olson Niall McGee who then runs with it.   This is not serious

[startenout]

ET, thanks for posting even though the snippet says virtually nothing. It just reiterates what we have been going through for the last 20ish years.  one thing it does show though is that there is still groups opposed to the project, and it slow push forward. And it doesn't even do that very well.  you did your job, which is to bring to the bullboard what you found. Its up to the

[ETalien]

Thanks Startenout, I know that Cray is one of the good guys here, I don't think he means any animosity. All the best!

[Justcray12]

ET, I apologize for insinuating you have ill  intent for posting that. And startenout is right, you did good in posting any found info. But I do think it deserves little to no attention aside from the fact that the article should not have even been written in the first place. The clown that was quoted shouldn't be allowed to speak publicly unless it's discussions on the weather.  

[cashin17]

My suspicion is something is on the way. company in the past had habit of coming out with some fluff news to keep sh's somewhat happy. They have yet to do this. Fingers crossed that something of substance coming , this could explain the silence.

[ETalien]

No probs, all is good... and you are absoultely correct about the clown We all have been waiting for so long and I was taken aback after I read that SHYTE with a "WTF" expletive Unbelievable! Anyway, have a good one and hopefully we all can meet one day for a really expensive Scotch or DP... :)

[ClayTaurus]

Stop sucking all the air out of the room over some pissant nickel play and focus on the mineral that will "pay the freight"... Then there won't need to be government $$, there will be real $$ on the table for the FNs, and Neskantaga will be at the table collecting it's share happily. As soon as there are real $$ on the table, opposition will wither.

[lou64]

Ironic for a low level minister flunky to make a statement without value to Neskantaga Aand their environmental watch dog ??? Wyloo / Forrest shell out more money drilling and talking to the American Gov't ( Military ) and low level flunky tries to soothe Neskantaga fear about being bypassed ??? Would or won't Forrest shelf the project if the upper level gov't official had zero plans