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They definitely don't need the cash - although the more cash the more options going forward -
https://ih.advfn.com/p.php?pid=nmona&article=77389706
I doubt that. The Salmon will win, and the Pebble Mine will never happen. Those who own NAK stock, and those who foolishly keep "averaging down", are in extreme danger of not only losing part of their "investment," but of losing their ENTIRE investment.
NAK "INVESTORS" HAVE BEEN WARNED REPEATEDLY right here on this board that the NAK share price was heading nowhere but down. Those who chose to ignore the warnings have suffered the consequences.
NAK shareholders were warned when the stock was still trading at $1.90, and $1.80, and $1.75, and warned repeatedly at $1.50, and $1.25, and $1.00, and warned again at .90, and .80, and .70 .....
Yet still, low and behold, the lesson has not been learned. Those who have posted the warnings have been 100% correct. Those who ignored the warnings are not desperately underwater. NAK is now nothing but a bottom feeders play.
Theissen must be laughing all the way to the bank, from $3.50 all the way down to .50. So sad to see so many naive NAK shareholders continually getting fleeced.
Lol.. Another Alex Jones show fantasy! That's ripe. Why not just rape and pillage the rest of the country as well as Alaska, and suck out all those resources wherever and whenever they are found, and to hell with the environment. It ain't gonna happen. Alaskans will not destroy their state and its natural beauty so that miners and oil drillers and their greedy shareholders can fulfill their "get rich quick" schemes by destroying the precious Alaskan environment.
Some shareholders have chosen not to heed the recent warnings posted here which have been 100% correct. They have seen their "investment" decimated as the share price has tanked from $3.50 to .47, and were told it would happen.
Next Warning: Any shareholder that continues to buy or hold NAK stock, should be prepared to lose their entire investment.
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Shareholders should be outraged that Theissen sent out that desperate pumping letter to shareholders just a couple of days before FQM pulled up stakes and ran for the hills. Now that was the height of dishonesty and last ditch pumping of a stock. However, the ever so gullible few shareholders who are left still supporting this disaster, will continue to "average down". Theissen must be chuckling under his breath.
Wow! What a great decision. After all, averaging down on NAK stock has been an extremely smart decision thus far. I mean, just look at investors who started averaging down at $3.00, then $2.50, then $2.00, then $1.50, then $1.00 then .90, then .80, then .70, then .66, and now the opportunity of a lifetime at .47. They are all "in the driver's seat" as they say. Very, very Smart investing indeed!
Good point. I was absolutely right when I called that letter a desperate pump job, but those in denial refused to accept the facts.
That is what the dumb money has been doing since $3.50. Where did listening to that kind of advice get them?
NAK premarket trading - .46 x .47 - Hopefully at least some desperately trapped shareholders listened to the smart money warnings and got out of this catastrophe before today's bloodbath.
Northern Dynasty and First Quantum Minerals Terminate Framework Agreement
VANCOUVER, May 25, 2018 /PRNewswire/ - Northern Dynasty Minerals Ltd. (TSX: NDM; NYSE American: NAK) ("Northern Dynasty" or the "Company") advises that Northern Dynasty and First Quantum Minerals Ltd. ("First Quantum") (TSX: FM) have been unable to reach agreement on the option and partnership transaction contemplated in the December 15, 2017 framework agreement (the "Framework Agreement") between the parties. As such, the Framework Agreement has been terminated in accordance with its terms.
https://ih.advfn.com/p.php?pid=nmona&article=77518430
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Maybe in 8-10 years. Of course, by that time, shareholders will be able to "average down" big time at .0001.
The only "astute investors," sold their stock somewhere between 3.50 and .75! The not so astute, listened to the consistently wrong advice, averaged down all the way from $3.50 to .67, and are now desperately underwater and trapped on the sinking ship.
I hate to break the news to you, but there are much more than "a few thousand" Alaskan voters. In fact in there are at least 528,560 according to 2016 records. Plus, have you ever heard of "States Rights?' Read the U.S. Constitution and you might get a clue.
Great! However, averaging down on these very speculative stocks has always been a dumb money strategy. Those who were told it "didn't matter" and decided to average down at $3.00, and then $2.50, and then $2.00, and $1.50, and $1.25, then $1.00, all got severely hammered, and are now hopelessly trapped because of those disastrous decisions with the price now sitting at .66.
I barely escaped total disaster here by getting out at $1.90 for a slight loss, which was the smart money thing to do. But in every speculative stock, there is smart money and dumb money. Ron and Pebble are depending on the retail dumb money to keep the stock from crashing down to .30 or lower. If the people of Alaska have any say at all, and they will, the toxic mine will never be built. Then .30 will disappear, and the dumb money that "averaged down" will lose their entire investment. Very unfortunate.
$NAK number 1 on the BREAKDOWN BOARD... Now that's appropriate for NAK's steady decline from $3.50 to .67
I'm glad you liked the letter. The entire letter is a pump job. Desperation is the appropriate description. The term "nuisance law suit" was not in the letter. Those are your words. The reference in the letter was to "legal challenges", not "nuisance lawsuits." The exact quote is:
"Investors are cautioned there is no assurance that a transaction will be entered into at the end of the process".<<<<<<NAK.. Pay attention to the last 20 words of that statement!
https://ih.advfn.com/p.php?pid=nmona&article=77308576
Sherman..... Don't tell me, tell the people of Alaska. They are the ones who are overwhelmingly against the Pebble Mine. They are the ones who will lay down in front of the bulldozers to stop construction. They are the ones who will vote Pebble down when the "Save the Salmon" initiative is on the ballot. Doesn't matter if there is a gazillion ounces of copper and a gazillion ounces of gold. The people of Alaska will choose the Salmon over the Toxic Pebble mine and its greedy shareholders.
Looks like Ron is getting desperate to prop up his tanking share price. So he pumps his company to the only ones gullible enough to swallow his pumping, that being the trapped and desperate remnants of his underwater shareholders who will dance and sing at anything he says. I love this line he slips into his pumping letter -
NAK in death spiral @ .66, lower and lower each day.
The share price says it all. The only whining, moaning, and complaining going is coming from the dumb money that are stuck in this fiasco. The dumb money averaged down. The smart money got out above 1.75. However, when the stock hits .0001 and is on the grey sheets, the dumb money will have a golden opportunity to average down big time.
Ouch! NAK @ .78 says it all. Something is rotten in Alaska, and it's not the Salmon, it's the NAK share price. Alaskans overwhelmingly say no to Pebble, and no to all the phony arguments the greedy NAK shareholders come up with when begging the Alaskans to forsake the Salmon and the environment, and build the toxic mine instead.
Sniff, sniff......must be the smell of the dying share price @ .82 in a prolonged death spiral.
The only "Read and weep" around NAK is its miserable share price! The people of Alaska will overwhelmingly vote Pebble out of business, and all the Jeffery Green opinion rants about "critical minerals" on the planet won't stop the people of Alaska from "Saving the Salmon," and the environment.
Someone just posted the RIO institutional share percentage from the exact same NASDAQ website. Are they "in error" too? Or is it just the stats on the NASDAQ site regarding NAK that are outdated, and all the other companies are correct. Can't have it both ways.
https://www.nasdaq.com/symbol/rio/institutional-holdings
https://www.nasdaq.com/symbol/nak/institutional-holdings
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Alaska Native Leaders and Fishermen Tell First Quantum: Dump Pebble Mine
https://www.newswire.ca/news-releases/alaska-native-leaders-and-fishermen-tell-first-quantum-dump-pebble-mine-681625511.html
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Take it up with NASDAQ. It's their website and their numbers.
They are not my numbers. They are the numbers on the NASDAQ website.
Yeah, right, Nasdaq.com is fake news. I guess that means every company on the fake news NASDAQ is fake too. Wait.. we know the Pebble Project is fake, so you may be right... LMAO..
Only 12.8% of NAK stock owned by Institutions -
https://www.nasdaq.com/symbol/nak/institutional-holdings
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