via Vancourver Sun - First Nations Buy-in

Proposal to have First Nations buy equity stakes in resource sector projects. They would be better off to buy all the volatility futures in US markets they can find, and equity swaps held against resource sector projects. The money is on the short side or in derivatives, not in growth.

Or why not housing market power of sale in major Canadian cities? Buying credit default swaps of major banks?

But if the Lac La Ronge Band bought a 10% stake(almost 30 million shares) in GBN.V, they would not need to borrow a lot, and it would not change the dynamic, though it would have to depend if the company went through a going private transaction. Mostly anyone buying in will have done so over years, this proposal comes at a time when resources are trashed.

And it will force further losses in a disastrous market if a blanket initiatives throw ownership into question. But to privatize is very much the same thing in a shareholder squeeze out, where you confiscate ownership out of the shareholders hands.

$CAD gold price above $1600 an ounce this morning.

http://bit.ly/1Nk20bm

-F6