Thank you, Mr. Chairman. Mr. Chairman, there are four active cutting and polishing facilities in the city of Yellowknife. Two of them are operated by the same shareholders. Two of the agreements that we are involved with have the same proponents to them, with quite a big difference. Number one, this deal goes ahead with no further loan guarantees attached. The previous operation that was involved when we began reviewing our involvement in this still has a loan guarantee in place. They are the same shareholders, but they are different agreements and we're operating on that basis to ensure that we have covered every possible aspect of the deal to ensure that our guarantee is covered if in fact it ever comes into question again in the future. So there is not a monopoly. There are two companies controlled by the same shareholders that have a significant interest in the rough area, but they have agreements with the mine for that supply and they're being honoured, and we are cutting and polishing here in the city of Yellowknife. Thank you.
Floyd Roland on Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
In the Legislative Assembly on May 31st, 2005. See this statement in context.
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
May 31st, 2005
Page 132
See context to find out what was said next.