Couldn't agree more - well put
Quote:
Originally Posted by
Joshuatree
Rinse and repeat.Over and over they suck new investors/capital in, reinvent themselves with some "compelling" new project and through all this dilution and financial manoeuvring and engineering over many years and "projects"; namely castle and saunders have a great lifestyle and income.I have no sympathy for holders;its been posted on here for years the ridiculous hail mary risks one takes and yet for sure management have a great ability to suck in new blood/capital over and over.I have attempted to itemise expenses/remuneration for one year many posts back.; its worth reading thru the threads. Why take all the risk for no reward? again i think the modus operandi is "i deserve your money to support my lifestyle and privileges".
Complete waste of investor money and time. What a terrible business they run. Barge pole material here, steer clear from CRP is my advice too. I too have followed them for 15 + years now and this is the precise feeling I get. Take your money, pay for my lifestyle. Blahhhh
Trying to work your quote out.......
Quote:
Originally Posted by
winner69
Suppose some groups will need to get together again to stop this appalling idea happening
I wouldn't call it appalling, the strongest I would go is that it is unfortunate that it is a NZ resource and a decision has to be made about it.
Do some research about blood phosphate and you will see that Moroccan phosphate is associated with some pretty bad stuff.
Quick History: In 1975 Morocco went to war over the resources of the Western Sahara and occupied the lands. This continued until a UN brokered ceasefire in 1975 but Morocco has removed of the Sahrawi people of the Western Sahara who have been forced to live in refugee camps in order to make way for the mining of their lands. Neither the UN or the International Court of Justice recognise Morocco's claims to these lands and figures I have seen quote 50,000 displaced people as a result of the phosphate resource they had the bad luck to live on.
Moroccan phosphate has also significant negative health benefits for those that mine it (it is fair to say that their OH&S is not as 'robust' as NZ):
Few recent studies are in the public domain on work-related illnesses in the Moroccan phosphate industry. However, studies are published elsewhere.Greenpeace and the World Nuclear Association have found that Moroccan phosphate is particularly high in cadmium and has appreciable quantities of uranium, two heavy metals associated with cancer, kidney failure and bone disease. Uranium is so abundant, in fact, that in 2012 OCP (the number one Moroccan phosphate producer) announced plans to co-mine it with phosphate.
The US Environmental Protection Agency has conducted extensive research on managing phosphogypsum, a radioactive waste byproduct generated during fertiliser production. In the US, this low-value waste is hauled off as slurry to stacks located far from people. In Morocco, it is simply dumped in the Atlantic.OCP doesnt recognise the connection between these illnesses and our work environment, says one of the Moroccan Phosphate workers we talked to. (Source The Guardian Newspaper 16th December 2015: Toxic shadow phosphate miners in Morocco fear they pay a high price).
If you think that we are a small country and don't import much from Morocco, in 2013 Ravensdown Ltd was the 4th largest customer with 180,000 tonnes and Ballance Agri-Nutrients was the 6th largest customer with 140,000 tonnes (both are NZ companies and all 320,000 tonnes was imported into NZ, 2012 had similar figures, source 'P for plunder' 2014 Western Sahara Resource Watch). You will be aware of how much agriculture contributes to NZ's GDP.
So I differ in your view that it is an appalling idea (and I very much doubt those people I have talked about above think it is also an appalling idea that we look to mine a rock phosphate on our doorstep) I think that it is unfortunate that it is a NZ resource and a decision has to be made about whether to leave it where it is (and support the concept of blood phosphate) or bring it up and risk environmental damage.
I suppose your viewpoint depends on where you stand over condoning societal damage v condoning environmental damage and it is unfortunate that the decision to mine comes down to this black and white decision.
We could talk about phosphate recycling but that is a another post and still very very far away from being economical. :(
Did not emigrate to Canada then
I did not realise that it was still listed.
Best Wishes
Paper Tiger
Pity that it will come back for the occasional visit
Quote:
Originally Posted by
Paper Tiger
I did not realise that it was still listed.
Best Wishes
Paper Tiger
Quote:
Originally Posted by
Balance
There you go, it is off to Canada :).
Best Wishes
Paper Tiger