Federal Cabinet investments?

Here we go again. Why do these people continue to wonder why so few people bother to vote?

Two weeks before the Cabinet announced to the public that they had decided to not allow the Prosperity mine owned byTaseko Mines Limited to go ahead for environmental reasons, they were in a secret huddle, and it was at this meeting, apparently, that they decided not to allow this CAD 3 billion (NPV) mine to go ahead.

However, the very next day after their secret meeting, and therefore two weeks before the announcement to the public, over 13 million shares were traded in one day, well over 10 times the normal number for this stock to be traded in one day on the TSX, and at one point, 2.7 million shares were sold in less than a minute. Yet when the opposition asked questions of the Government as to whether or not they thought there had been a leak, all they got back was the cabinet individuals saying that they had done the right thing by the Canadian public and that was to stop the mine for environmental reasons. What was really interesting about this part of the saga was that the opposition never insisted on the Government answering the question: Was there, or was there not a leak?

Maybe some members of the opposition were also in on the racket of shorting a falling stock and making a fortune; after all, as I understand it, they all drink in the same pub after work, if you can call yelling at each other in the name of discussion, work. Remember that this was all done before the average shareholder even had time to instruct their broker to sell and so they lost large sums of money as a direct result of somebody leaking (secret, at the time) information.

Interestingly we now have a Class Action Suit going ahead on behalf of those who lost money on this nose diving stock. Taseko lost some 40% of its value in that one day of trading.

I can hardly wait for all the denials and cover-ups that will come our way in the, hopefully, near future. I am afraid that I will still be looking for the 'None of the Above' box on my voting paper next time round.