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Actually, Lots of buying now. 1.42 x 1.43. Start chasing. The chances to buy under 1.40 are rapidly diminishing. Get back in and support NAK again.
NAK trading now @ 1.40 x 1.41 brother.
Definitely talking about Northern Dynasty Minerals at beginning at 4:20 that interview. With the Government on the side of Mining Natural Resources such as Copper and Gold, NAK will definitely get partners involved to move forward with Pebble.
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I got out at 1.48 and took a loss, but bought back in for 50k shares @ 1.36. Can't seem to gage the bottom yet. BIG NEWS propels the stock back u to $2.00 levels again. Big Gambles going on here. Need to hear from the CEO. Hello NAK management, where are you? When you get back on board, looking forward to praises being sung to NAK again.
What happened to the much anticipated "Pennant" we have been hearing so much about the last few weeks? Is it still there?
Amazing how one shareholder's meeting can destroy a stock price and turn a message board into a ghost town, when the CEO has nothing positive happening to put out in a PR to coincide with the meeting. I thought shareholder's meeting were in part, supposed to buoy shareholder's expectations, not discourage them and tank the stock price.
The Vulcan Report - FFMGF
1. TD and Gabelli have $4-6 USD price targets on NAK pre veto lift and pre partnering - suggests that the company is highly undervalued relative to even veto lift.
2. Precedent transactions in the space show this is highly undervalued. The company has shared a great deal of valuation information in their corporate presentation, which is currently being updated on their site. Suggest all longs review those pages when the presentation is updated.
3. Two precedents I have looked at which at least show back of the envelope undervaluation are:
A) Xstrata Peru sale of Las Bambas to MMG for $5.85 billion. At the end of 2013, Glencore gave the following resources numbers for Las Bambas: Measured and indicated, 1.21 billion tonnes grading 0.66% Cu and inferred, 500 million tonnes grading 0.50% Cu.
http://www.canadianminingjournal.com/news/copper-glencore-sells-las-bambas-for-5-85b-to-chinese/
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Pebble:
6.44 billion tonnes in the combined Measured and Indicated categories at a grade of 0.40% copper, 0.34 g/t gold, 240 ppm molybdenum and 1.66 g/t silver, containing 57 billion pounds of copper, 70 million ounces of gold, 3.4 billion pounds of molybdenum and 344 million ounces of silver; and
4.46 billion tonnes in the Inferred category at a grade of 0.25% copper, 0.26 g/t gold, 222 ppm molybdenum and 1.19 g/t silver, containing 24.5 billion pounds of copper, 37 million ounces of gold, 2.2 billion pounds of molybdenum and 170 million ounces of silver.
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Based on M&I Alone (not inferred) Las Bambas had 1.21 bn tonnes vs our 6.44, so 19% of our resource at a slightly better grade but not material.
$5.85 bn / .19 = $31.1 bn ALONE on a precedent valuation basis for the Cu deposit
This ignores the Au and Silver and Moly
Now I am not saying we are worth 31 billion RIGHT NOW but given that precedent it should tell people about potential.
B) Second Precedent is Donlin, which was acquired in 2006 Prepermit (same stage as Pebble, with 2006 Au Pricing for 1.5bn. Donlin, also in AK and 10 miles from the water is in the final stages of permitting now. It has ~38 % of the Au of Pebble.
On that precedent at 2006 prices our Au would be worth 1.5/.38 = $4bn AT 2006 prices ignoring the Cu and of course the huge price increases and change in outlook for Au since.
So prepermit is it asburd to say we are worth $6-8 billion off precedents for the Au and Cu at 2017 prices? I think not.
4. Other points to consider, we have had a 35% increase in institutional ownership in the last quarter. Names like Oppenheimer, Vertex1, Goldman, Millenium, Wellington, Hudson Bay, UBS,Aribter and Mackenzie with sizable positions. https://fintel.io/so/us/nak
5. Flatt family (Stirling) has a 10% stake in the company and funded NAK at the highest risk moment of its existence. They funded management to fight the EPA DURING Obama's term when there was no talk of Trump. Given how material that risk was and low probability of change with Dems in office, it shows the Flatt's clearly believe in the resource and the team. They are not in this for $3-4 dollars when taking that risk. If you don't know who the Flatt's are, Look up Bruce Flatt CEO Brookfield. A billionaire and one of Canada's top investors.
6. Stirling, or insiders never sold a share when it went to $3.50 - indicates they believe value is MUCH higher. And, as stated institutions have been adding
7. Float is decreasing and potential for a squeeze is increasing, in particular if retail continues to hold and act like institutions, chances of a squeeze are getting higher.
Float
295 mil shares O/S
- 31 mil (Stirling)
- 46 mil (Institutions)
- 24 mil (insiders)
= 195 Retail
Estimated 27 mil short based on last report of 24 mil and movement since
If only 30% of retail hold tight (58 mil) the float is then 136 mil (195-58)
Short interest off that 'effective float' is then 27/136 = 20% = Squeeze territory especially if more institutions keep adding on partner along with retail.
8. Industry Dynamics also create significant value enhancement over time given size of resource and desperate need by majors for large deposits in safe jurisdictions. FCX problems with Grasberg are an example.
http://www.bnn.ca/bankers-markets-anticipate-mining-m-a-at-pdac-1.690188
https://www.bloomberg.com/news/articles/2017-02-08/gold-miners-burned-by-bad-deals-are-once-again-rushing-to-m-a
9. The Enviro propaganda against this mine has been proven as such by even an EPA sanctioned and paid peer review and the media is catching on (second link and video)
http://www.nationalcenter.org/NPA646.html
http://www.foxnews.com/opinion/2017/05/24/john-stossel-new-york-times-pebble-mine-and-outrageous-smear-campaign.html
Agreed. The share price will start moving back up just as quickly as it moved down as we get closer to News being released. Hopefully substantive News that will drive the price back over $2.00
What exactly is the CEO supposed to do that he hasn't already done to help shareholders? He fought and won against the EPA. He started the permitting process. The website and NAK Projects Reports look great. Should he put out some meaningless puff PR's to try and briefly pump the stock, which never really works and can be detrimental in the long run? What does he need to do? Fight the naked shorts? How? Complain to the SEC? All the complaining in the world to the SEC won't stop shorting.
THE PEBBLE PROJECT
The Future of U.S. Mining & Metals
A Pathway to
Permitting
June 2017
http://www.northerndynastyminerals.com/i/pdf/ndm/presentation.pdf
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Don't get caught catching up - Huge Nak News coming - SWOOSH to the upside when it hits!
Welcome aboard the NAK Express.
Lot of buying pressure coming in now. Price could break back up past 1.50 by EOD.
It is possible one of the many Institutional holders may have liquidated some or all of their position today for reasons unrelated to shareholder's meeting which caused the constant selling that took place. Now that they are gone, the share price should move back up.
Meeting started at 11:00 AM Vancouver Time. That would be 2:00 Eastern time.
The annual general meeting (the "Meeting") of Shareholders of Northern Dynasty Minerals Ltd. (the "Company") will be held at the 1500, 1055 West Georgia Street, Vancouver, British Columbia, on June 23, 2017 at 11:00 a.m., local time, for the following purposes:
Stock moving up. Maybe the CEO saved the best News for last at the meeting.
Vancouver is in Pacific Time Zone. I believe the meeting would be 2:00 Eastern time.
NAK trying to rally back up now.
That would be a great scenario indeed.
Added another 2k shares @ 1.48 and will hold my 32k shares for bounce back to $1.60's / 1.70's. Positive News from company should move the stock back up to at least those levels.
Once this morning's big seller if finished, price should move back up quickly.
Volume is 1.4 million in first 30 minutes of trading.
Volume is pretty low coming out of the gate.
I should have waited a day. Someone or some Institutional holder dumping hundreds of thousands of shares at 1.50. Your call for 1.40's is happening now at 1.49. I have a feeling though, that when this particular seller finishes, the price moves back up.
Streetwise Investors Taking Note of Northern Dynasty Minerals Ltd. (:NAK)
https://flbcnews.com/streetwise-investors-taking-note-of-northern-dynasty-minerals-ltd-nak/
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NAK already up after hours 1.54 x 1.55. Tomorrow good News from shareholder's meeting will push it higher.
Back in for 30k @ 1.53 - Go NAK! Lol..
It's not the normal cost of business when the business has ZERO revenues or any type of income to pay the expenses.
Yes, but the company has no revenues, or any kind of income to pay these officers and directors. Where are the finances coming from to pay these officers, advisors, and directors? They will all have to be paid on the backs of current shareholders through dilution.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=132352026
Looks like Compensation for Officers and Directors is the major item to be decided at this meeting.
Start at page 22 - SUMMARY COMPENSATION TABLE - Big money and options being spent on Employees -
http://www.northerndynastyminerals.com/i/pdf/ndm/agm/Information-Circular.pdf
Looks like I got out of NAK just in time. Will be looking for an entry point to get back in. Be nice to bank another $3k this week. However, Gold and Silver prices are in freefall and no bottom in sight yet.
Gold didn't rally, which was a prerequisite to my continued position - So I took profits -
A lot depends on Gold prices going forward. If Gold rallies, and takes Sliver with it, good luck looking for those 1.40's before the 1.70's - 1 .80's dance across the screen. Any hint of a partner and, 1.50's will be a dot in the rear view mirror, fading in the distance for quite some time.
I decided to get out at 1.65 for the time being and bank a few grand. I don't like what's going on with Gold price crashing below 1245 and silver following. I will continue to monitor and will buy back in when things stabilize in precious metals. In the meantime I will continue expressing a positive outlook about NAK's future.
NAK - 1.65 x 1.66
NAK - 1.64 x 1.65
NAK - 1.63 x 1.64
Yeah, I will be sitting next to you!
I have reason to believe Major News is coming soon. Don't miss the NAK train waiting for lower prices.
A lot depends on Gold prices going forward. If Gold rallies, and takes Sliver with it, good luck looking for those 1.40's before the 1.70's - 1 .80's dance across the screen. Any hint of a partner and, 1.50's will be a dot in the rear view mirror, fading in the distance for quite some time.
Or put out a surprise PR that takes the price up to the $1.80's again!
ANNUAL GENERAL MEETING OF SHAREHOLDERS TO BE HELD ON JUNE 23, 2017
NOTICE OF ANNUAL GENERAL MEETING OF SHAREHOLDERS
http://www.northerndynastyminerals.com/i/pdf/ndm/agm/Information-Circular.pdf
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