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Longs here don't want to hear or see the truth they'll take any report or anything and run with it as gold
There was and is no reason for NAK to go up, so it will come back down this week. I bet y'all are saying short squeeze or something like everyone knows it's gonna go to the moon!
Really sad, but they are still gleaming with hope. they really do believe everything the company says. a sinking ship still looks above water from a birds eye view
I think this was their plan all along. get the veto overturned to boil up the stock price. they used the trump admin as a reason to do so and to raise the stock price. they know the project will never come to fruition, but the fools gold of a so called multi billion dollar mine sounds so good to inexperienced investors who dont have a clue
now im going to go off, because you all should listen to us who have 30 plus years of investing experience and who have seen schemes like this all too many times
I didn't know it was that bad wow that is a funny joke. They've been like that forever now and continue to feed the bs month after month then these guys have a heart attack because they think that it means project is a go and a guarantee; this company is a big PUMPER
It's denial when you longs post up every excuse and reason why your stock isn't going up, it's all a blame on MMs and the like etc. you should be blaming management for pumping this thing to artificial highs with no promise of a profitable mine but instead you all sit here with your thumbs in your mouths... carry on
It's not worth it to try and change these people. They'll swallow any pill the CEO and management feeds them.
In talks with a number of companies but refuses to divulge any prospective companies? Also no prospective companies have any public knowledge of this at all? It's classic stock pumping. He can say whatever he wants
They have zero partners or zero prospective partners at this point. If they did it would be known.
All major legitimate companies always announce that they are in dealings with X or having meetings with company Y. If you don't see any names of any companies the company is just speculating and attempting damage control. I know I'm an idiot I'm dumb get the F out etc
im sure everyone here has every reason under the sun why its dropping and how itll be at 3 dollars eow next week
get out now before it drops anymore because someone knows some information. im sure you all will try and chase me out and tell me to f off and curse at me etc but hey
Really really sad
Which is why I dumped this a long time ago puppy
I don't want anyone here to lose money I want them to make money
But they refuse to understand the fundamentals of this company
The company comes out with PR for anything positive and getting a partner is planned while they are applying for their permit. I bet these guys today thought this thing was gonna trade at $4
They don't have partner lined up they would've mentioned something ahead of time to cook the price up
im not heckling. im attempting to talk some sense into you guys. how do you all not see how blinded you are by the promise of the largest mine in the world?
its all fluff and no substance.
there hasnt been a single shred of proof from a single company that they are even considering to partner with northern dynasty.
a company newsletter claiming they have partners lined up is not fact or proof.
generally with things like this youd have companies on the sideline saying they have interest in the company. nothing.
if there was there would be 14 articles from every finance penny stock website on the planet. thats my 15 posts today.
steer clear guys get out while you can and try and listen to the other side
people also consider this - what would a partner think by spending hundreds of millions in this company through the permitting process and then administration changes to a left wing and the project is blocked?
you think theyre willing to take that risk again? or the risk that its going to cost too much capital to build the mine and to mine the mine and to transport the gold and copper?
they also have to get a partner on acceptable terms to them. no bank will finance so the partner company will have the ball in their court
Why the picture? Proves the immaturity and inexperience.
i cant tell you how many times ive seen this exact thing - a company on the verge of their goldmine (no pun intended) and it's about to explode to 3 million dollars a share and for some reason it doesnt work out
you also should think about the fact that the epa is not going to give in one hundred percent. there is going to be some negative attributes to this override, but count on nak management to hide them from you so you dont see it
what other mines have taken 15 years to even begin to try and permit?
the veto has only been since 2014.
also, what other mine this size has been in rural alaska located right next to one of the largest wildlife resources that is consumed by humans?
i really enjoy reading when they pretend to accept and know charts and theyll say "chart x bullish signal" but when chart x shows bearish signal its completely ignored and they tell you its going to the moon
They don't get it. they see what they want to see. i cant tell you how many times i see these people say "biggest mine on the planet every mining company wants in" and "do your dd" and that's all. selectively leaving out the fact that even last Q4 the company had said word for word they arent sure if the mine would even be viable.
they don't even know if it would be worth it to build the mine at this point. and they want billions in funding after a "6 month survey".
you don't believe it was economic one bit at all? you dont believe that northern dynasty might not have a profitable way to recover the minerals?
they could have 100 trillion tons of gold but if the cost to retrieve sell and transport this exceeds the price per ounce they don't have a penny
I really believe the stock will definitely hit $3 post veto lift, but after that it should be dead in the water. get out
as i had previously stated, they have done this so many times in the past. 3rd party finance endorsements and pumping and pushing has created an incredible smokescreen.
when the stock was less diluted years ago and shares were going to 10+ the same thing but far worse was happening.
you can make money swing trading this stock but if you really believe this company for a long haul you need to take a step back and take a look at managements history of leaving out vital negative information in their press releases and what they reveal to the public
ANYTIME unknown 3rd party finance companies heavily push and pump a stock you know its one to steer completely clear of.
the 19 year olds on this board are caught in the craze, as i was when i was so young.
only reason i made this profile was to try and help and warn you guys
i know emotion is high i know it looks so good right now but you should be happy with your profits and exit while you can
Dakota,
No one knows how much resource is buried there. They have several small manholes and are estimating.
their estimates actually revealed low grade ore.
There is a price per ounce that it costs to mine the mineral. with low grade ore and the process it takes to mine, it can cost more than the ounce itself is worth. you have to think infrastructure, waste management, transportation (costs are rising at alarming rates) and other factors.
you cant just say
500 billion resources (a total guess no one knows)
- 7 billion to build
493 billion profit
theres ridiculously large costs in mining and transporting this stuff from rural alaska
The EPA is 1% of the problem.
The preemptive veto scope was only to prevent them to apply for an army corps permit. This is such a small step - allowed to apply.
Before 2014 they were allowed to apply. They had financial backing. Their studies yielded negative results and they have danced around that for years.
why didnt they excel in the bush administration time?
i have absolutely zero position in this stock. i dont short anything. i am only a long trader. i used to be long, and then sold for a small profit to move on because northern dynasty can only keep their game going for a big longer...
Proof that you all are completely uninformed rookies is that none of you show an ounce of skepticism. You are eating up what the company PR and news releases tell you. that's why when you check big boy stocks their boards are usually filled with level headed people who see the big picture and risks associated.
do you know how long northern dynasty has been misleading the public? years. theyve done the same exact thing for years. Think about when the stock was trading at $10+. i was around. myself included, we all were having celebrations that this thing was becoming a reality and then the ugly truth reared its head
the administration will be out before the federal permit is even allowed. tons of environmental lawyers on behalf of bristol bay will shark this and sue and sue and delay and delay. the local and state permits will also not be issued, period. the locals hate it. they don't want to or care to listen to anything the company has to say. alaskas government will vote against it.
it will drag on forever
no they didn't. they didnt abandon 500m+ because of a simple pre emptive veto. it was only a matter of time before that would leave.
they left because the company knows and has stated time and time again the economics of the mine are shady, at best.
stop reading just what the company wants you to read in the positive.
you sound like a rep from the company. the ore is low grade, and infrastructure costs are tremendous. way more than they try and lowball.
How is that pathetic reasoning? explain to me what was false in what i said?
do you really think it's new this time around? this company has been playing a false front for years.
they discovered years ago how low grade their project is and how expensive infrastructure is to build the project. the waste management alone is estimated at over a billion.
these are things they almost never bring up
they come out with any PR and the stock jumps tons of % because the people who buy this are clueless how company PR works
This is also very overbought
i would guess in 6 months when they have run out of cash and dilute again with no partner and no permit application itll be blood red.
they dont have 150million for a permit application either...
you also have to think that they have millions of operating costs each year. the permitting process will most likely cost double of what they estimate.
You're also forgetting the largest piece of the pie - even northern dynasty doesn't know if they are profitable.
another company wont make the same mistake as the past 3 did before knowing things are a go ahead. EPA makes no difference. they will never secure local and state permits as the local and state opposition is overwhelming. they can try and buy whoever they want it wont work.
theyre also bleeding money
zero. i used to own a long position in this stock and after years i realized what this company really stands for. always check what management actually gets done. years later, nothing has happened
It's really sad that these 18-21 year olds are falling for this horrible story and even more sad that these finance companies are still allowed to pump like this
reminds me of the boiler room pumpers