Regarding Pruitt.
My uderstanding is the the presidential appointment does indeed have to be confirmed by the senate.
I believe The Republicans will control the Senate but there are tactics such as filibuster that an opposing minority member of the senate may employ to postpone or effectively block a vote or an appointment.
I believe the Republicans were accused of using legislative tactics to delay some of Obama's appointments however, it seems a new legislative tactic engineered by Harry Reid's Senate in 2013 called the “nuclear option” will allow a blanket confirmation to all 1200 or so appointees needed with a simple majority vote.
if a one tried to filibuster the nuclear vote the Senate may invoke clouture with i think as little as 60/40.
I'm not a lawyer, but with 15 minutes of Wikipedia and the skimming of
a couple op-ed pieces you can take my expertise to the bank.
I've been an owner of NAK since 2009 or so. I managed to get my basis down a good bit around the election this year but the overall holding is still a net loser for me at this point. Like I hadn't looked at it in 2-3 years kind of a loser... I only logged into that brokerage account to raid whatever money market funds i may have left in there. I am happy i didn't sell all those shares though because i never would have initiated a new position in NAK this year but a with a foot left in an old door the chance to dollar cost average my basis down seemed less risky. (i understand this is not rational) The new shares are up like 400% so it's been fun to watch a stock i left for dead resurrect.
lets hope they can execute good business plan if given the sliver of a chance.
I am wondering if losing Anglo leaves a scalability and tactical gap between the political side to this puzzel and actually pulling money out of the ground?
maybe if this gets permitted it becomes an aquisision target of a mining group that can get shovels in the ground before 2020?
This is not to Besmurch NAK, I just know that once pebble died, i didn't hear much from them other than lawsuits, fundraising, and the Anglo pull-out... not a lot about other mining talk.
When Nak was trading at $20, the valuation seemed to be coming from dollar weakness and gold strength. If things got hyped up again i'd be tempted to unload at $10 due to the shift in commodity values since that time. a
I find it interesting that the drumbeats of movement started before the election with stories of lobbyists working with Bill Clinton to possibly get this done with Hillary . Hopefully these plans were sold enough for NAK to be workng out how to break gound before we awoke to president elect Trump.
Again, My ignorance shoud be shining through, but just in case, remember when I'm in analysis mode and I need to get inside the head of the everyday Joe's and try to figure out "what says the man on the street"? I look in the mirror
when NAK moved before, it moved fast. Happy dreaming
