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Ring of Fire Monitor

This site is the 'go to' place for information on the Ring of Fire. As contributing authors are added, we will provide you with some background information on the authors.

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Wednesday, February 16, 2011

Notice McGuinty saying "REAL THING."

Notice  McGuinty saying "REAL THING."  BRINGS BACK REAL DEAL TO ME Rule#6.

 If the deal is really for real, the market manipulator wants to get ALL OF YOUR SHARES or as many as he can... and at the lowest price he can. Whereas before, he wanted you IN his market, so he could dump his shares to you at a higher price, NOW when he sees that this deal IS for real, he wants to pay as little as possible for those same shares... YOUR shares which he wants to you part with, as quickly as possible.
The market manipulator will shake you out by DRIVING the price as low as he can. Just as in the "accumulation" stage, he wants
to keep everything as quiet as possible so he can snap up as many of the shares for himself, he will NOW turn down, or even turn off, the volume so he can repeat the accumulation phase.

McGuinty confident First Nations will benefit from Ring of Fire mining project
Posted on Wed, Feb 16, 2011, 4:19 pm by Alexandra Posadzki TORONTO – Premier Dalton McGuinty says he’s confident the province can ensure that First Nations communities will benefit economically from the Ring of Fire mining project in northern Ontario.
But Ontario NDP Leader Andrea Horwath says the government ignored First Nations’ concerns during conversations around the Far North Act and the Mining Act last year.
The Matawa First Nations have threatened to block access to the massive chromite deposit located on Marten Falls and Webequie territories in the James Bay area.
They have felt excluded from the negotiations surrounding the development of the Ring of Fire. Chromite is used to make stainless steel.
McGuinty says Ontario brings goodwill to the table in negotiations.
“In some ways, you can understand where First Nations communities are coming from. They’ve been around for a long, long time, and they have watched prosperity pass them by on a regular basis,” McGuinty said during a scrum Wednesday.
“We’ve got to demonstrate that this is the real thing, and we want to make sure that they are partners in this.”
The Ring of Fire is the biggest mining find in Canada in more than 100 years, McGuinty said.
Michael Gravelle, minister of northern development, mines and forestry, said Wednesday that he is working closely with local First Nations communities.
Gravelle says he has spoken with Marten Falls Chief Eli Moonias several times over the past few weeks.
“We recognize how important the consultation process is,” Gravelle said. “We recognize that there are some tremendous opportunities for the First Nations. We also understand how important it is that the communities do indeed benefit from this development.”
The mining companies share the government’s belief that the Matawa First Nations must benefit economically from the project, Gravelle said.
The companies and the First Nations communities are slated to meet soon to discuss the issue. Some of the companies have already hired Matawa residents to work with them, Gravelle added.
But Horwath criticized the government for failing to make compromises to satisfy the First Nations during discussions around the far north and mining acts.
“They’ve basically made the bed that everybody’s going to have to lie in,” Horwath told reporters Wednesday. “I’m not surprised at all that we’ve ended up here, and I think it’s a black eye on the government for pushing forward legislation that they knew was not going to work.”

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