China-Controlled Shandong To Buy Canadian Gold Mining Company, Gaining Access To Canadian Gold On Our Territory

This never should be allowed. The sale must be blocked.

Shandong Gold Mining Co. Ltd. is buying Canadian gold mining company TMAC Resources Inc. for $207.4 million.

The deal will give Shandong – a China-controlled company – control over gold mines on Canadian territory, in effect allowing a hostile foreign power to take control over a key source of wealth in Canada, rather than having it under the control of Canadian Citizens.

The company is controlled by the government of China (aka the Chinese Communist Party), with the government directly controlling 47% of the company, and another 10% being controlled by subsidiaries, combining into a majority stake.

The deal is still subject to review by the federal government, who have the power to block it.

And block it they must.

We cannot allow China to buy up our companies and take control of our resources.

Considering the fact that the federal government is spending hundreds of billions on the CCP Crisis, it would be far better for them to simply nationalize TMAC and keep it in Canadian hands. Far better for the company to be owned by the Canadian government than the Chinese Communist Party.

We must protect our Canadian companies.

Spencer Fernando

Photo – YouTube

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NancyW
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NancyW

Rumor had it that this is why the worlds economy went down so fast before the CCP’s WHO even announced the Pandemic that China was ready to buy up countries lands and businesses so that the countries would then be more under Chinese control so the CCP’s UN could then have their communist one world control so our communist UN controlled puppet LIEberal government will not stop them, we are probably paying for this with more Canadian debt. We knew this, but too many Canadians don’t care or think it will not happen and only watch taxpayer paid UN communist… Read more »

Moe S.
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Moe S.

Trudeau must NOT allow this takeover. The global threat to the dollar due to the pandemic lockdown could see gold prices soar as high as $10,000 dollars per ounce of gold. Goldman Sachs recently stated, “gold is the currency of last resort, acting as a hedge against currency debasement when policy markers act to accommodate shocks such as the one being experienced now.” Rich investors are piling-up in gold already because it’s considered a “good hedge” if and when the global economies crash. The CCP regime wants OUR gold for this specific reason. They know a global depression is coming.

Steve Richards
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Steve Richards

This should be a no brainer instant NO from the Libranos. It’s time we start playing hardball, where are our 2 jailed Canadians. They can’t even say that China has made a mess of the Wuhan virus thing let alone acknowledge a country(Taiwan) that actually supports and helps us. Bought and paid for Libranos by the CCP regime.