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I am in at 1.53/1.54 and looking to crack $2.00 on News MoJo.
Things are happening behind the scenes. Permitting process is moving along.
That report was posted on June 6th, so your figures may be more timely.
53 INSTITUTIONAL INVESTORS ARE RAISING STAKES IN NORTHERN DYNASTY MINERALS LTD. (NYSE:NAK)
Northern Dynasty Minerals Ltd. (NAK) Top Holders
Institutional investors currently hold around $70 million or 17.9% in NAK stock. Look at its top three institutional owners. Millennium Management Llc owns $5.81 million in Northern Dynasty Minerals Ltd., which represents roughly 1.11% of the company’s market cap and approximately 8.3% of the institutional ownership. Similar statistics are true for the second largest owner, Wellington Management Group Llp, which owns 3,791,501 shares of the stock are valued at $5.8 million. The third largest holder is Emerald Acquisition Ltd., which currently holds $5.61 million worth of this stock and that ownership represents nearly 1.07% of its market capitalization.
Northern Dynasty Minerals Ltd. 13F Filings
At the end of Mar reporting period, 53 institutional holders increased their position in Northern Dynasty Minerals Ltd. (NYSE:NAK) by some 17,876,214 shares, 21 decreased positions by 8,577,948 and 8 held positions by 19,366,549. That puts total institutional holdings at 45,820,711 shares, according to SEC filings. The stock grabbed 25 new institutional investments totaling 7,966,246 shares while 9 institutional investors sold out their entire positions totaling 1,222,578 shares.
http://www.postanalyst.com/2017/06/06/53-institutional-investors-are-raising-stakes-in-northern-dynasty-minerals-ltd-nysenak/
Picked up 30k shares today to go long, not to flip. Have reason to believe Partnership Interest is stirring behind the scenes. I will not divulge any other information or sources regarding specifics.
Stock’s Stunning Activities: Northern Dynasty Minerals Ltd. (NAK)
https://factsreporter.com/2017/06/12/stocks-stunning-activities-northern-dynasty-minerals-ltd-nak/
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Northern Dynasty Minerals (NAK) Stock: Bullish Argument Getting Stronger By The Day
https://cnafinance.com/northern-dynasty-minerals-nak-stock-bullish-argument-getting-stronger-by-the-day/15567
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Wonder how much ASRC Energy Services is going to cost NAK, and will it be the start of the Massive Dilution that will take place over the next four years, before they even start actually mining anything.
Reference:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=132149185
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Northern Dynasty: Pebble Partnership retains ASRC Energy Services to enhance Alaska Native contracting
http://www.northerndynastyminerals.com/i/pdf/ndm/2017-06-13-nr-ndm-t9w49w.pdf
Here is another 9.9% $10 a share disaster from 2006. Wow, the company really fleeced a lot of investors in 2006!
Galahad Gold - NDM Completes C$87.5m Financing
http://www.resourceinvestor.com/2006/07/30/galahad-gold-ndm-completes-c875m-financing
Here is another ELEVEN year old one. Seems there were more than one of these 9.9% $10 a share disasters out there in the Pebble graveyard
Kennecott to Acquire 9.9% of Northern Dynasty
June 27th, 2006
http://www.marketwired.com/press-release/kennecott-to-acquire-99-of-northern-dynasty-amex-nak-601476.htm
There is no link to your posted article. Could it be that the article is from June 27th, 2006, which is ELEVEN YEARS ago?
https://www.theglobeandmail.com/report-on-business/rio-tinto-to-acquire-99-of-northern-dynasty/article20414309/
The Elephant in the room that is being ignored here is the MASSIVE DILUTION that will most certainly be taking place over the next few years to keep the company financed going forward with its plans. Does anyone really think that any potential business partners, if there are any, are not going to be issued hundreds of millions of shares of NAK stock to help secure their financing?
Especially with the huge cloud that hangs over the entire operation and threatens the entire endeavor if Trump is not reelected in 2020, and a Democratic President takes office slamming the door shut on NAK just as quickly as Trump opened it.
Does anyone here not think that any potential business partners who will need to pump in a Billion Dollars in financing will not be looking 4 years down the road and be wary of that possibility? It will take NAK at least 4 years or longer just to start any actual mining activity barring future legal battles from environmental activists and the liberal judges who support them.
I suspect that by that time, NAK's O/S will be well over half a Billion shares, probably closer to 700,000,000 shares. The stock will be trading below $1.00 and as the dilution continues, will then be ripe for pulling off a big fat Reverse Split.
Lol.. What else would "Investor Relations" say! They are there to paint nothing but smooth sailing ahead for the company they represent. That is what Investor Relations firms do. Many an investor has gone down in flames believing what a company's Investor Relations told them.
The cases have many similarities and the Montana case is not a "lie", it has actually happened. Repeating that a true story is a lie, does not make it a lie. It only draws more attention to it. The same thing could happen to NAK.
All it takes is one activist judge to hear an environmentalist organization's lawsuit and rule in their favor. There are many environmental organizations against the Pebble Mine going forward, and there are activist judges that may very well agree with them. It is called "Judge Shopping."
Tell that to the Owners of the Montanore mine in Montana. They thought it would be "Untrue. Completely" as well.
This recent ruling could easily happen to Northern Dynasty Minerals. All it takes is one sympathetic activist Federal Judge, and there are plenty of them out there -
Judge blocks Montana mine over environmental concerns
Wed May 31, 2017 | 7:02pm EDT
By Tom James
A federal judge in Montana has blocked the development of a contested mine next to a wilderness area in the northwestern part of the state, handing a victory to environmental activists who had argued the project could endanger grizzly bears and bull trout.
Citing the Endangered Species Act and other federal environmental laws in a pair of rulings late on Tuesday, U.S. District Judge Donald Malloy effectively canceled the U.S. Forest Service permit issued for the proposed copper and silver mine last year.
Environmental groups praised the decision.
"Yesterday's ruling underscores how wrong it is to site major industrial facilities on the doorstep of public wilderness lands that provide irreplaceable habitat for imperiled wildlife,” Katherine O'Brien, an attorney for several of the environmental groups involved in the case, said in an emailed statement following the ruling.
The Montanore mine had been planned by a subsidiary of Hecla Mining Co on the edge of the Cabinet Mountains Wilderness, part of the Rocky Mountains about 120 miles (190 km) north of Missoula.
The decision invalidates the current permit but does not prevent the company from reapplying for a new permit. Hecla is still deciding on its next steps and has not ruled out either appealing the judge's ruling or applying for a new permit, said Luke Russell, a Hecla spokesman, who called the decision disappointing.
Russell said company officials would seek a meeting with the federal agencies involved in the case in hopes of finding a way to move forward with the project.
Groups including Defenders of Wildlife and Earthjustice had sued to block the mine. They argued that its facilities would be located next to critical habitat for grizzly bears and bull trout, both endangered species, and that the mine would also drain millions of gallons from streams in the wilderness area.
The mine would have employed about 350 people during peak production, according to estimates cited in local news media, and required about 13 miles (21 km) of improved roads and 14 miles (23 km) of power lines, along with storage and treatment facilities for tailings and wastewater.
(Reporting by Tom James in Seattle; Editing by Patrick Enright and Jonathan Oatis)
http://www.reuters.com/article/us-montana-mine-idUSKBN18R3D2
Yes. But the point is the same thing could happen to NAK again, just like it recently happened in Montana -
This recent ruling could easily happen to Northern Dynasty Minerals. All it takes is one sympathetic activist Federal Judge, and there are plenty of them out there -
Judge blocks Montana mine over environmental concerns
Wed May 31, 2017 | 7:02pm EDT
By Tom James
A federal judge in Montana has blocked the development of a contested mine next to a wilderness area in the northwestern part of the state, handing a victory to environmental activists who had argued the project could endanger grizzly bears and bull trout.
Citing the Endangered Species Act and other federal environmental laws in a pair of rulings late on Tuesday, U.S. District Judge Donald Malloy effectively canceled the U.S. Forest Service permit issued for the proposed copper and silver mine last year.
Environmental groups praised the decision.
"Yesterday's ruling underscores how wrong it is to site major industrial facilities on the doorstep of public wilderness lands that provide irreplaceable habitat for imperiled wildlife,” Katherine O'Brien, an attorney for several of the environmental groups involved in the case, said in an emailed statement following the ruling.
The Montanore mine had been planned by a subsidiary of Hecla Mining Co on the edge of the Cabinet Mountains Wilderness, part of the Rocky Mountains about 120 miles (190 km) north of Missoula.
The decision invalidates the current permit but does not prevent the company from reapplying for a new permit. Hecla is still deciding on its next steps and has not ruled out either appealing the judge's ruling or applying for a new permit, said Luke Russell, a Hecla spokesman, who called the decision disappointing.
Russell said company officials would seek a meeting with the federal agencies involved in the case in hopes of finding a way to move forward with the project.
Groups including Defenders of Wildlife and Earthjustice had sued to block the mine. They argued that its facilities would be located next to critical habitat for grizzly bears and bull trout, both endangered species, and that the mine would also drain millions of gallons from streams in the wilderness area.
The mine would have employed about 350 people during peak production, according to estimates cited in local news media, and required about 13 miles (21 km) of improved roads and 14 miles (23 km) of power lines, along with storage and treatment facilities for tailings and wastewater.
(Reporting by Tom James in Seattle; Editing by Patrick Enright and Jonathan Oatis)
http://www.reuters.com/article/us-montana-mine-idUSKBN18R3D2
Why Northern Dynasty Minerals Ltd. Is a Ticking Time Bomb for Investors
That may explain why mining stock Northern Dynasty Minerals Ltd. (TSX:NDM)(NYSE:NAK) has caught the attention of many, especially after its recent “deal” with the U.S. Environmental Protection Agency (EPA). The story is that the company has been at loggerheads with the EPA ever since the latter blocked development of Northern Dynasty’s key mine, Pebble in Alaska, in 2014. That same year, mining giant Rio Tinto plc (NYSE:RIO) had pulled out of the project by “gifting” away its 19.1% stake in Northern Dynasty.
With the EPA now settling the long-pending dispute, Northern Dynasty can finally propose a development plan for Pebble. It’s certainly a major milestone for Northern Dynasty, so what’s not to like? There are two negative factors, and mind you, they’re really big factors.
1. Pebble is the company’s only mine.
As the company itself states, it is “a mineral exploration company focused on the exploration and advancement towards feasibility, permitting, and ultimately development of the Pebble Project, a copper-gold-molybdenum mineral project located in southwest Alaska.”
In other words, Northern Dynasty has no running operations, so there’s no question of revenue or earnings.
2. Is Pebble economically viable? No one knows.
Again, from the company’s annual report: “The Group is in the process of exploring and developing the Pebble Project and has not yet determined whether the Pebble Project contains mineral reserves that are economically recoverable.” It further states that “extensive additional work is required before Northern Dynasty or the Pebble Partnership can ascertain if any mineralization may be economic and hence constitute ‘ore’.”
Why then would the market even have interest in a such company, so much so that the stock still commands a market capitalization of above $600 million, despite trading at one-tenth its 2011 value? Perhaps because Pebble is touted to be among the world’s largest unexplored gold deposits with Northern Dynasty’s own measured and indicated resource estimates standing at a whopping 6.44 billion tonnes, including:
Copper: 57 billion pounds
Gold: 70 million ounces
Molybdenum: 3.4 billion pounds
Silver: 344 million ounces.
But then, these are exactly just estimates. Northern Dynasty issues a clear warning in its annual report, cautioning investors “not to assume that all or any part of mineral deposits in these categories will ever be converted into reserves.” Granted, this risk in inherent in any mining business, but it’s more than just a risk in Northern Dynasty’s case considering that Pebble is its only mine.
Even now, it’ll take Northern Dynasty three to four years to get the necessary permits, provided it can clear the hurdles poised by intense local and environmentalist opposition, among others. Thereafter, it’ll need several years to finance and build the mine, provided it can secure funding and get partners on board. In short, your guess about whether or not Pebble will ever see the light of the day and will be profitable is as good as mine.
If you have to invest in a mining stock under $3, consider McEwen Mining Inc. (TSX:MUX)(NYSE:MUX). Better yet, shell out a bit more and go for Yamana Gold Inc. (TSX:YRI)(NYSE:AUY), which is all set to bring its seventh mine Cerro Moro online next year and projects its gold production to jump 16% by 2019. Yamana also pays a dividend, and is one of the cheapest gold stocks today. Any which way, you’d be better off staying away from Northern Dynasty.
https://www.fool.ca/2017/05/26/why-northern-dynasty-minerals-ltd-is-a-ticking-time-bomb-for-investors/
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These are just some of the organizations, including Navy Veterans, that would disagree:
Growing opposition to the Pebble Mine disaster!
http://www.savebristolbay.org/home/
http://wilderness.org/save-alaska’s-bristol-bay-pebble-mine
https://www.nwf.org/Wildlife/Wild-Places/Bristol-Bay.aspx
Or maybe get the facts from these guys -
Brent Cook and Joe Mazumdar discuss Northern Dynasy Minerals -
Brent Cook, economic geologist, co-author with Exploration Insights, and Joe Mazumdar, co-editor with Exploration Insights discuss Northern Dynasy Minerals.
http://www.bnn.ca/market-call-tonight/brent-cook-and-joe-mazumdar-discuss-northern-dynasy-minerals~1072071
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They can say anything they want to say. It is all meaningless until they actually do have a partner. This company says a lot of things, just like most speculative stocks companies say a lot of things. Until it actually happens, it is all smoke and mirrors, geared to get unwitting investors to buy the stock based on pure speculation. All those investors who bought the stock at prices over $3.00 a share based of the speculation hysteria at that price, have been left holding the speculative bag.
Exactly my point. No one knows if there will or will not be a partner. It's all speculation. Thanks for agreeing!
What "partnership"? There is ZERO evidence of any partnership. It is all just wild speculation unsupported by ANY facts, news, or specific statements about a confirmed, or unconfirmed "partnership" deal for NAK from the company.
Lol.. everything about this company is pure speculation. No one knows if or when they might get a partner or partners to shell out the Billion Dollars that will be needed to complete this project, which would be four or five years from now in 2021. That is IF everything goes as planned and they get through the monstrous permitting and environmental approvals necessary.
Unless a Progressive Democrat wins the White House in 2020 and once again shuts down the project altogether. It seems the share price, which is always the most important thing in these speculative ventures, is agreeing more with the downside speculation today.
The mine might open, but it would not be until at least 2021 barring even further delays. By that time the stock will be massively diluted, partner or no partner.
Investors should not Dismiss the environmental activists, and just completely ignore the power of an activist Judicial intervention responding to a future or pending lawsuit. They found that out in Montana, and in the White House.
Really, that's not how judges work? Tell that to President Trump who had his Executive Order Travel Ban, which is perfectly legal under the Constitution, blocked by one activist liberal Judge from California. Then blocked a second time by one liberal activist Judge in Hawaii. If the President of the United States can be stopped in his tracks by one Judge, then NAK can be stopped by one Judge, regardless of whether that Judges ruling is correct or incorrect.
That could be true, however the environmental activist organizations out there will do everything they can possibly do to stop the project. They may fail, or they may find an activist Judge to side with them.
As well as these organizations -
http://wilderness.org/save-alaska’s-bristol-bay-pebble-mine
https://www.nwf.org/Wildlife/Wild-Places/Bristol-Bay.aspx
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And these business' and companies think there will be an impact -
http://www.sportsmansalliance4ak.org/assets/latest_news/2008/Bristol_Bay_fly_fishing_industry_ad_Dec08.pdf
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These people think there will be an impact:
http://www.savebristolbay.org/home/
These Military Veterans do not support the Senators -
It is not about the land that Pebble is on, it is about the Salmon fisheries it is next to - Just like the Montana case, the Montana mine is next to the wilderness area -
This recent ruling could easily happen to Northern Dynasty Minerals. All it takes is one sympathetic activist Federal Judge, and there are plenty of them out there -
Judge blocks Montana mine over environmental concerns
Wed May 31, 2017 | 7:02pm EDT
By Tom James
A federal judge in Montana has blocked the development of a contested mine next to a wilderness area in the northwestern part of the state, handing a victory to environmental activists who had argued the project could endanger grizzly bears and bull trout.
Citing the Endangered Species Act and other federal environmental laws in a pair of rulings late on Tuesday, U.S. District Judge Donald Malloy effectively canceled the U.S. Forest Service permit issued for the proposed copper and silver mine last year.
Environmental groups praised the decision.
"Yesterday's ruling underscores how wrong it is to site major industrial facilities on the doorstep of public wilderness lands that provide irreplaceable habitat for imperiled wildlife,” Katherine O'Brien, an attorney for several of the environmental groups involved in the case, said in an emailed statement following the ruling.
The Montanore mine had been planned by a subsidiary of Hecla Mining Co on the edge of the Cabinet Mountains Wilderness, part of the Rocky Mountains about 120 miles (190 km) north of Missoula.
The decision invalidates the current permit but does not prevent the company from reapplying for a new permit. Hecla is still deciding on its next steps and has not ruled out either appealing the judge's ruling or applying for a new permit, said Luke Russell, a Hecla spokesman, who called the decision disappointing.
Russell said company officials would seek a meeting with the federal agencies involved in the case in hopes of finding a way to move forward with the project.
Groups including Defenders of Wildlife and Earthjustice had sued to block the mine. They argued that its facilities would be located next to critical habitat for grizzly bears and bull trout, both endangered species, and that the mine would also drain millions of gallons from streams in the wilderness area.
The mine would have employed about 350 people during peak production, according to estimates cited in local news media, and required about 13 miles (21 km) of improved roads and 14 miles (23 km) of power lines, along with storage and treatment facilities for tailings and wastewater.
(Reporting by Tom James in Seattle; Editing by Patrick Enright and Jonathan Oatis)
http://www.reuters.com/article/us-montana-mine-idUSKBN18R3D2
Here are a couple of guys that do understand valuation and resource analysis - Wonder what they have to say.
Brent Cook and Joe Mazumdar discuss Northern Dynasy Minerals -
Brent Cook, economic geologist, co-author with Exploration Insights, and Joe Mazumdar, co-editor with Exploration Insights discuss Northern Dynasy Minerals.
http://www.bnn.ca/market-call-tonight/brent-cook-and-joe-mazumdar-discuss-northern-dynasy-minerals~1072071
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Actually, someone has refuted it -
1 Stat That Could Sink Northern Dynasty Minerals
Investors may be overlooking this huge risk in the company's mineral reserves.
https://www.fool.com/investing/2017/03/28/1-stat-that-could-sink-northern-dynasty-minerals.aspx
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