Politics

[Rafiki]

Oh yea

Oh yeah, JustTheNews is such a reliable source. Pffft!

"Independent fact-checking organizations, like PolitiFact, have assessed claims made by individuals associated with 'Just the News' and found several to be false or misleading."

Just for some news, try Googling "Is Just The News a reliable source of information?" Just as well cite Grimm's Fairy Tales.

Ok, I guess according to you there isn't any fraud.

 

[Aaron N]

So leeching at the mill/plant site is somehow more environmentally friendly? It would necessarily involve higher transportation costs than leaching at the quarry (which is why it's usually done at the site of extraction). Again, if you are correct, this process sounds even more fairy tale-ish.

Well I would assume on site leeching would be in a heck of a better controlled manner than leeching in the existing rock formation.

 

[skydiver386]

Yeah, you and Ray Charles saw that one coming.

(See what I did with the shades there?)

..and probably a Pinball Wizard.

 

[Wheels]

So leeching at the mill/plant site is somehow more environmentally friendly? It would necessarily involve higher transportation costs than leaching at the quarry (which is why it's usually done at the site of extraction). Again, if you are correct, this process sounds even more fairy tale-ish.

Is it possible that investors prior to putting up $4B have actually hired professionals within the industry to do due diligence that have led the investors to believe that Oklahoma is the best location for the smelter.

Or is it more likely they used a dartboard and chose Oklahoma.

I don’t really know much about this issue other than Oklahoma has massive amounts of natural gas to fuel the plant and believe it or not Oklahoma does have a port with access to the upper Midwest and the gulf of America. Raw product and finished goods should both be relatively easy to move.

 

[mdwest]

..and probably a Pinball Wizard.

 

[Saul]

Id argue that NONE of the American media can be trusted any longer.. they all have agenda items and all only present the information that supports their agenda.. we dont get "the news" any longer..

it all started with CNN in 1980.. Ted Turner didnt intend on it being a replacement for the nightly news.. it was designed to provide subject matter experts in areas to discuss what was happening in the world, and to provide people with an opinion.. it was supposed to be a supplement..

Unfortuneately our entire "news" system has morphed into nothing more than opinion pieces and editorials.. we are no longer presented with cold hard facts and then left to determine our own opinions..

All of that said... to answer the "libturd press" question.. the overwhelming majority of media outlets in the US.. everything from news channels to newspapers to magazines, etc are owned by known liberals.. many of whom are major political backers and financial donors to the Democrat party.. some are clearly worse than others.. but most are very overtly and intentionally bad about presenting liberal bias in pretty much every report..

Supposedly, Turner has Bipolar disorder and was in a manic episode when he came up with the 24 hour news cycle.

 

[Tundra Tiger]

Agreed. You have to take in several sources to get the truth. What I find frustrating is that the old main networks, ABC, CBS and NBC, stack their Sunday morning shows, such as “Meet the Press” with a host who argues every point with every Republican guest and often also spouts the last word in an interview of the Republican but hardly ever questions the answers she gets from Democrats. The show also has “round table” guests that are always a 3 to 1 ratio of three Democrats versus one Republican. I can hardly watch it anymore and my wife gets apoplectic if she watches the unfairness. In addition the “round table” usually includes former spokespeople from the Obama, Harris and Biden organizations who have never even been a real journalist. This is “Meet the Press”? Hardly. What a joke!

Fox does the same - 3 conservative/Republican panelists and a single liberal/Democrat. I enjoy Fox New Sunday and also try to watch Meet the Press. Because I am a registered Republican, I give more credibility to Fox, but do think there is value in seeing the other perspective, within limits. I have equal disdain for the extremes; I find Hannity as repugnant as Maddow, for example.

 

[steve white]

Supposedly, Turner has Bipolar disorder and was in a manic episode when he came up with the 24 hour news cycle.

That might actually explain a lot....

 

[Ontario Hunter]

Is it possible that investors prior to putting up $4B have actually hired professionals within the industry to do due diligence that have led the investors to believe that Oklahoma is the best location for the smelter.

Or is it more likely they used a dartboard and chose Oklahoma.

I don’t really know much about this issue other than Oklahoma has massive amounts of natural gas to fuel the plant and believe it or not Oklahoma does have a port with access to the upper Midwest and the gulf of America. Raw product and finished goods should both be relatively easy to move.

Apparently this process, if it works, will not need access to a port for bauxite ore (although I can't see a port with access to the Gulf on the Cherokee reservation). The promotional literature I read didn't specify where the plant's "feedrock" deposits are located. This process apparently requires grinding the quarried rock to a fine powder whereas bauxite deposits are typically a clay like material = much less energy required to process.

As far as the $4B supposedly already invested. It is not unusual for the promotional literature of speculative mining/processing ventures to overstate their investment capital. I think it would be unusual if they didn't. Remember, the face value of a company's shares does not reflect the actual amount invested. "Pennny shares" were invented by the mining industry.

If I were a prospective investor (and that ain't gonna happen!), I would pay special attention to investigating the mysterious (magical?) "chemical leaching" stage of this as yet unproven (profitability anyway) process. What chemicals? Where do they come from? Domestic or imported? How much does it cost to manufacture them? How much, if any, capital has been or will be invested in integrating power and mineral resource extraction? Aluminum reduction from bauxite has been around since at least the early days of the twentieth century. Prior to that natural occurring pure aluminum was more rare and more valuable than platinum. I would think if there was another economically viable shortcut process it would have been discovered before now. Wait and see would be advisable.

 

[Aaron N]

Apparently this process, if it works, will not need access to a port for bauxite ore (although I can't see a port with access to the Gulf on the Cherokee reservation). The promotional literature I read didn't specify where the plant's "feedrock" deposits are located. This process apparently requires grinding the quarried rock to a fine powder whereas bauxite deposits are typically a clay like material = much less energy required to process.

As far as the $4B supposedly already invested. It is not unusual for the promotional literature of mining/processing ventures to overstate their investment capital. I think it would be unusual if they didn't. Remember, the face value of a company's shares does not reflect the actual amount invested. "Pennny shares" were invented by the mining industry.

Until the place is up and producing it should be considered a $4b gamble. But someone has to gamble or we would never get new technologies!

 

[Tex .416]

As far as the $4B supposedly already invested. It is not unusual for the promotional literature of speculative mining/processing ventures to overstate their investment capital. I think it would be unusual if they didn't.

What exactly is your background and experience in investment banking? How many deals have you been involved in raising investment capital?

 

[375 Ruger Fan]

Apparently this process, if it works, will not need access to a port for bauxite ore (although I can't see a port with access to the Gulf on the Cherokee reservation).

I believe the ports in the Tulsa area sit on navigable waters that feed into the Arkansas River, which flows into the Mississippi River and eventually reaches the Gulf of Mexico or America.

 

[Ontario Hunter]

What exactly is your background and experience in investment banking? How many deals have you been involved in raising investment capital?

PhD in business history, with a focus on speculative mining. I have several millions invested now. I've made a few mistakes but one I have not made is speculating in resource development schemes. The people who are responsible for managing my investments day to day have always had specific instructions to stay out of that sector. I'm not in that big a hurry to make more money. Just keep up with inflation. No $4B gambles for me.

 

[skydiver386]

What exactly is your background and experience in investment banking? How many deals have you been involved in raising investment capital?

He has both a Savings AND Checking account.

 

[Tex .416]

PhD in business history, with a focus on speculative mining. I have several millions invested now. I've made a few mistakes but one I have not made is speculating in resource development schemes. The people who are responsible for managing my investments day to day have always had specific instructions to stay out of that sector. I'm not in that big a hurry to make more money. Just keep up with inflation. No $4B gambles for me.

The PhD is of little or no weight to this issue. I was not asking about your personal savings and investments, but your experience from the other side of the table with the people putting deals together to back this statement:

As far as the $4B supposedly already invested. It is not unusual for the promotional literature of speculative mining/processing ventures to overstate their investment capital. I think it would be unusual if they didn't.

Knowingly overstating investment capital raised, which you suggest is common practice, is a felony.

You might find reading about the Sarbanes-Oxley Act of interest as just one law potentially implicated. It is only one potential liability among others facing those making false statements of material financial information. Even unintentional misstatements about material information can constitute a violation of SOX.

Having been partners with lawyers putting deals together, advising investment bankers and corporate senior management, my first hand observations are the investment bankers and corporate management are extremely careful and make only objectively verifiable statements about investment capital raised as well as other financial data to guard against later investor and shareholder lawsuits or worse criminal prosecution.

Doubtless false statements do occur, but to suggest they are common place has not been my personal observation, quite to the contrary.

 

[Tundra Tiger]

It did happen (the video on his social media). And assuming he didn't actually post it himself, I still think it's a crappy thing to completely shrug it off; it seems kinda.... narcissistic/selfish? I think he could have said things differently, but that's not really his, um, "leadership" style. Frankly if it occurred on his social media, IMHO, he is at least partially culpable.

 

[Scott CWO]

Fox does the same - 3 conservative/Republican panelists and a single liberal/Democrat. I enjoy Fox New Sunday and also try to watch Meet the Press. Because I am a registered Republican, I give more credibility to Fox, but do think there is value in seeing the other perspective, within limits. I have equal disdain for the extremes; I find Hannity as repugnant as Maddow, for example.

To me, Fox is a conservative channel and most everyone knows it.

The big 3 “mainstream media” channels of ABC, NBC and CBS used to be expected to be more balanced, thus mainstream.

 

[Brent in Az]

 

[Brent in Az]

One of the good guys of rock. Unfortunately, he had a serious alcohol addiction years ago, which might have attributed to the Kidney cancer issue.

 

[Vinootz]

Very scary stuff! Usually I leave my investments handling to the experts but I am watching the markets and currencies VERY VERY closely today. I would rather leave my money where it can at least try to keep people working ... but ... maybe I need to explore other options. I'm afraid we may be looking at another 2008-09 meltdown. Republican party strikes again.

What should be scary to you is that you think your money is being managed by so called experts. Huge mistake on your part.