Trump is looking into "rescinding" National Monuments

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Zorba

Lifer
Oct 22, 1999
14,875
10,300
136
I would think they should be able to get an injection against this while the matter is still in court. Trump has no authority to remove the protection of these lands and mining on them would do permanent damage.

If the company does go forward with it, when the EO gets thrown out, hopefully the company gets sued as well.
 

Zorba

Lifer
Oct 22, 1999
14,875
10,300
136
Oh and where's everyone to whine about Trump sending all of our copper to Canada?
 

IronWing

No Lifer
Jul 20, 2001
69,524
27,825
136
Well who would have guess it..

https://www.npr.org/2018/06/21/6221...d-previously-protected-as-a-national-monument

You all trumpsters are dumber than a bag of hammers.

You could not see this coming.
Read the company's website. Basically the company staked some claims and that that's about it.

The company has been listed on the Toronto exchange for a little over a year (not unusual for a Canadian miner) and has a current market cap of $2.67 million.
https://www.google.com/search?q=TSX.V:+GLI

Mineral prospects at this stage generally go nowhere. A modest exploratory drilling program would eat more than $2.67 million. They may beat the odds but I wouldn't be too concerned.

Where the company might make bank is if Trump's monument rollback is ruled illegal and the taxpayers end up shelling out cash to compensate this company for a "taking" of their claims.
 

IronWing

No Lifer
Jul 20, 2001
69,524
27,825
136
Read the company's website. Basically the company staked some claims and that that's about it.

The company has been listed on the Toronto exchange for a little over a year (not unusual for a Canadian miner) and has a current market cap of $2.67 million.
https://www.google.com/search?q=TSX.V:+GLI

Mineral prospects at this stage generally go nowhere. A modest exploratory drilling program would eat more than $2.67 million. They may beat the odds but I wouldn't be too concerned.

Where the company might make bank is if Trump's monument rollback is ruled illegal and the taxpayers end up shelling out cash to compensate this company for a "taking" of their claims.
"It's dead, Jim"
https://www.huffingtonpost.com/entr...ed-trump-monument_us_5c54744ce4b00187b550761f
 

fskimospy

Elite Member
Mar 10, 2006
84,812
49,498
136
Great news. While the pandemic response is likely to garner the most attention, I suspect Biden's early days will be spent quietly undoing a lot of Trump's spiteful policies, including this one.
Another under appreciated aspect of the democrats winning the senate is they can now liberally employ the congressional review act and wipe out recent acts by Trump en masse.
 

trenchfoot

Lifer
Aug 5, 2000
14,680
7,180
136
In reference to the Atlantic Ocean reserve:

Classic battle between corporate greed desiring to slake its thirst for instant profits at the cost of long term stability of a resource. If I understand resource management of ocean resources correctly, providing protected areas of our territorial waters provides a safe haven for endangered species to breed and populate areas outside of the reserves provided for them where commercial fishing can occur.

It seems to be a rather logical answer to the threat that overfishing for insatiable quick profit brings to bear.
 
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