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The nice thing though is that since 2guys is ignoring I can actually post facts without having to wade through reams of nonsense when he replies to actually see if there is a substanvie reply.
So.. onto the facts:
Compliance Energy - Reasons you should not invest in it
#1: There is significant, and growing, opposition. And if no new railway, or no new highway is committed to take the pressure off, the opposition will grow yet again.
#2: The reason people are opposed is many. Not least of which because no one believes their assurances that they will 'only produce steel making coal'. Both the draft AIR and the Feasibility study leave the door wide open to produce 100% thermal.
#3: The market for low-grade coking coal (semi soft) has weakened considerably since this project was approved and long term outlooks are not favourable even out to 2015. Current prices are nearing the
$76.50 per ton minimum outlined in the feasibility study. Profitability of the mine is at risk
#4: Considering the stock is so low, and that one of the partners (ITOCHU) seems to be wavering, it seems likely that Compliance may be bought by another company. This may be positive or negative for the company. One possible buyer would be Dehua or one of the other NorthEast BC Miners. Unfortunately those companies are now embroiled in controversy over the hiring of temporary workers. Unless something changes drastically in the skills market in BC, Compliance is likely to go the same route and take a bit public hit from it.
#5: Perhaps most importantly, you should not invest in this company because it continues a 19th century paradigm that must, and is, coming to an end.