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Many 5000 to 10000 share blocks being scooped up at 3.05
That is a great point. Nice to see a comeback towards $3.00 again. Looking for a strong close over $2.97.
NAK crashing and totally dead board. Looks like everybody gave up and went home. Buying opportunity or has NAK run out of gas?
Looks like I struck a nerve! Adding to that, I am the proud owner of 19,000 shares of NAK! Stick that in your judgmental craw and digest it. I have been both critical and positive on NAK in my posting history here. So I don't need the preaching. NAK to the Moon! Lolol..
THE TD SECURITIES RAISES NORTHERN DYNASTY MINERALS LTD. (NDM) PRICE TARGET TO C$5.00
http://dailyquint.com/2017-02-06-td-securities-raises-northern-dynasty-minerals-ltd-ndm-price-target-to-c5-00/
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I would prefer someone flexing their muscles rather than shooting themselves and their investment in the foot like you just did.
Great position! Good luck to all NAK shareholders!
I currently hold 19,000 shares of NAK under $3.00 per share. I expect a strong performance going forward as things develop.
Collier said the Pebble Partnership is currently considering a profit sharing program for Bristol Bay residents and Native Village corporations.
Another major economic benefit the mine could provide to Bristol Bay residents and fishermen is low-cost power.
“We are going to make sure the power we bring in is available to all those communities,” Collier vowed.
Thiessen believes the power brought into the region for a mine a Pebble could cut the cost of power across the region by as much as 80 percent, a substantial savings for Bristol Bay residents and fish processors.
Thiessen said Northern Dynasty is currently in advanced talks with a number of mining companies and the new Pebble partner may be a consortium of three or four of them.
http://www.petroleumnews.com/pntruncate/116537882.shtml
The seemingly imminent lifting of the roadblock between Pebble and the NEPA permitting process opens the door for a global mining company to join Northern Dynasty in the Pebble Partnership.
As the largest undeveloped deposit of copper and gold on the planet, Pebble is an attractive target for global-scale mining companies looking to augment their future metals production.
“It is an enormously seductive project in terms of the size of the prize – what’s in the ground and what that could mean for copper, gold and silver in America,” Collier said.
Thiessen said Northern Dynasty is currently in advanced talks with a number of mining companies and the new Pebble partner may be a consortium of three or four of them.
Mining News: Pebble stars align
Trump, expected EPA treaty, improved markets bode well for Alaska project
Shane Lasley
Mining News
http://www.petroleumnews.com/pntruncate/116537882.shtml
After six tumultuous years, 2017 is shaping up to be a turnaround year for the enormous Pebble copper-gold-molybdenum project in Southwest Alaska.
“The stars that were previously askew, they seem to be lining up,” Northern Dynasty CEO Ron Thiessen told Mining News.
This star realignment is reflected in a US$37.4 million financing the Pebble project owner closed on Jan. 26. Underwritten by a trio of renowned financiers, this financing involved the issuance of 20.24 million shares at US$1.85 per share, not bad for a company whose stock was selling for a mere US27 cents per share this time last year.
Northern Dynasty’s share price enjoyed healthy gains throughout 2016, reaching US91 cents per share by early October. The election of Donald Trump, however, helped push the stock to a high of US$3.45 per share on Jan. 24.
While the election of a U.S. President focused on the economy played a major role in this meteoric rise, an upturn in metals prices and mining markets, a pending resolution of a court battle with the U.S. Environmental Protection Agency over the regulator’s efforts to severely restrict the project prior to permitting, renewed interest by several global mining companies and a new strategy for finally advancing the project into permitting is fueling investors’ appetite for this company that appears to have made a turn for the better.
Game changer
With roughly 56.8 billion pounds copper, 70.4 million ounces gold, 3.4 billion lbs molybdenum and 343.6 million oz silver in measured and indicated resource, Pebble is an enormous store of metals that could support a world-class mine for more than a century.
“This is a mine that has the capacity to operate 150 years,” Thiessen explained.
This multi-generation deposit, however, is located in the Bristol Bay region of Alaska, famed for a sockeye salmon fishery that is a cultural and economic asset to the people that live and work in the region.
This proximity to the Bristol Bay watershed garnered staunch opposition from environmental groups, fisherman and many Alaska Natives in the area that are concerned a Pebble mine could harm the fishery.
“Regardless of federal politics, the people of Bristol Bay remain steadfast in our dedication to protecting Bristol Bay and in opposition to mines like Pebble that threaten our traditional way of life,” United Tribes of Bristol Bay Executive Director Alannah Hurley said in a Jan. 24 statement.
Under the Obama administration, the opponents of Pebble enjoyed an ally in the EPA, which tested the bounds of its authority by taking regulatory action at the Pebble project before the permitting process began.
After compiling regional data and putting together some hypothetical mining scenarios for Pebble, the environmental agency decided to put strict limitations on the size of a mine that could be permitted for the enormous metals deposit.
“Outside parties did a mine design that was designed to fail in every aspect and even used methods that have been outlawed in the state of Alaska for a couple of decades,” Thiessen commented on the scenarios considered by EPA.
The Pebble Partnership, a company set up by Northern Dynasty to permit and potentially develop the deposit, found compelling evidence that EPA had a predetermined outcome for Pebble in mind and worked inappropriately close with anti-Pebble groups to devise and execute a plan to limit or prevent the project from entering permitting.
“I think what we have been faced with is an extraordinary attempt to usurp the normal NEPA process,” Thiessen said.
NEPA, the National Environmental Policy Act, provides the framework for environmental impacts of major projects in the U.S. and is a key part of the permitting process.
In 2014, the Pebble Partnership filed a suit action in federal district court in Alaska, alleging that since as early as 2008 the EPA was maintaining an inappropriately close relationship with anti-mine groups, violating the Federal Advisory Committee Act, a law designed to keep curtail “locker room discussions” between federal agencies and private committees.
With the trial nearing its end, by October it had become apparent that EPA and Pebble Partnership would likely reach an agreement that would settle this suit outside of the courtroom before President Obama left office.
Donald Trump’s successful presidential bid, however, changed the dynamics of the negotiations and the outlook for the Pebble project.
“We do think it is going to be a game changer for our project,” Pebble Partnership CEO Tom Collier told Mining News.
Adjusting to Trump
Collier, who earned a reputation for having a penchant for federal environmental law and bringing adversaries together during a 40-year legal career in Washington D.C., did not expect Trump to prevail on Nov. 8.
“I put a lot of time and thought into how Pebble would move into a Clinton administration and nowhere near as much into a Trump one,” the environmental law specialist admitted.
The unexpected outcome had the Pebble leadership re-evaluating the standing of the enormous copper project.
“Everybody sat back and tried to assess what exactly happened,” Thiessen told Mining News.
In fact, Collier wasted no time. He said that after the Trump presidency became apparent, at around midnight Alaska time, he went right to work and was on the phone to his contacts on the U.S. East Coast by 2 a.m., 6 a.m. EST.
After adjusting to the surprise outcome, Collier believes that Trump and his cabinet choices will rein in an EPA that enjoyed expanded authority under President Obama.
“The primary question during the Obama administration was environmental overreach,” he said.
This is coming from a Democrat that served as chief of staff to U.S. Department of the Interior Secretary Bruce Babbitt and was charged with managing much of the environmental policies being introduced by Vice President Al Gore.
“One of the things I felt was at the core of what we were trying to do in those days is to make sure we had support in the country for where we were going to take a particular environmental issue,” Collier reflected during a Jan. 30 interview with Mining News.
He believes that federal agencies under the Obama administration pushed the limits of their authority beyond the bounds of broad public support and that played a role in landing Trump the presidency.
Message of certainty
Scott Pruitt, Trump’s choice to head the EPA, is expected to seriously rein in the expanded powers of the environmental agency.
As Oklahoma’s attorney general, a post he filled until being nominated as EPA administrator, Pruitt was an active fighter of EPA overreach, suing the agency he has been chosen to run on a number of occasions.
Pruitt says that, if he is approved by Congress, he will advocate for environmental protection while keeping EPA within the bounds of law.
During his confirmation hearings Pruitt shared his beliefs that EPA should focus on enforcing the environmental laws already in place and refrain from making major policy shifts that create uncertainty. He said that if companies know the rules they can allocate resources to comply with the regulations, even though they do not particularly agree with them.
“Rule of law is important to economic development; it is important to send messages of certainty; it is important so that people can plan and allocate resources,” he said, answering a question posed by Sen. Dan Sullivan, R-Alaska.
The Pebble project is a prime example.
“We are the posterchild for that point. We spent over US$700 million getting ready to take a project into permitting and then we were told we couldn’t go into permitting, and that was the first time the agency had done that in its entire history,” Collier said.
Though settling the court case with EPA will have to wait until after Pruitt is confirmed by Congress, the Pebble CEO is hopeful that the incoming EPA administrator will reverse the previous attempt to keep Pebble out the normal permitting process.
Collier and Thiessen said they are not looking for any special consideration by Pruitt or anyone else in the Trump administration, they are just asking for their mine proposal to be vetted under a normalized permitting process.
Thiessen said the Army Corps of Engineers, which will be the lead agency during the Pebble NEPA process, is “going to go through and look at everything we do and our impacts, and determine if they are the least environmentally damaging, practical alternatives – and hold our feet to the fire.”
“If we cannot demonstrate to regulators, federal and state, that we are not going to damage that fishery, we are not going to get a permit,” he added.
New Pebble Partnership
The seemingly imminent lifting of the roadblock between Pebble and the NEPA permitting process opens the door for a global mining company to join Northern Dynasty in the Pebble Partnership.
As the largest undeveloped deposit of copper and gold on the planet, Pebble is an attractive target for global-scale mining companies looking to augment their future metals production.
“It is an enormously seductive project in terms of the size of the prize – what’s in the ground and what that could mean for copper, gold and silver in America,” Collier said.
Thiessen said Northern Dynasty is currently in advanced talks with a number of mining companies and the new Pebble partner may be a consortium of three or four of them.
While it has been assumed that no company would be willing to jump into Pebble until an acceptable agreement with EPA is finalized, Collier believes Trump’s win creates a sense of urgency.
“In this game of looking at a project that has a question about permitting, the more certain the answer is to that question the more the project costs; so there is an incentive to move perhaps even earlier than a final resolution with EPA,” explained the Pebble CEO.
Once the new Pebble Partnership is in place, Thiessen does not believe it will take long to advance the project into permitting.
The Northern Dynasty CEO would like to submit permit applications this year but said it will depend on the new partner(s) comfort with the proposed mine design.
“I’ve got to convince the major mining companies that are going to be our partners of the merits of what we are doing,” he explained.
If such partners would like to have a third party engineering firm go over the design, it could take a bit longer before permitting is initiated.
Thiessen indicated that the mine design that ultimately goes to permitting may be half the size of the 200,000-metric-ton-per-day operation detailed in a preliminary economic assessment published in 2011.
“We may be best served to take a more modest approach,” he said.
The Northern Dynasty CEO explained that this measured start to a mine at Pebble would allow the partnership to demonstrate that it will deliver on its environmental, socio-economic and financial promises.
While major mining companies typically would like to see larger throughput at a deposit the size of Pebble, the potential project partners may share Northern Dynasty’s views on the merits of easing into a mine that could be an important piece of their portfolio for decades to come.
Repositioning Pebble
With the door to the permitting process opening and potential partners in the wings, the Pebble Partnership is beginning to look at ways development of the project could be an economic engine and good neighbor to the fisherman and local residents of the Bristol Bay region, a vast expanse of Southwest Alaska about the size of Washington state.
While residents nearest the proposed mine largely support its development, those further away tend to oppose it. This disparity is generally due to the fact that residents living close to Pebble see tangible economic benefits from the development, while those further away see very little to reward to offset a perceived risk to the fishery, an important economic driver for the region.
“For years, commercial fishermen from Bristol Bay, Alaska, and the nation have spoken up saying that they do not want the world’s greatest sockeye fishery harmed by Pebble,” said Melanie Brown, member of Commercial Fishermen for Bristol Bay.
One of Collier’s primary tasks when hired as Pebble CEO in 2014 was to find ways to reposition Pebble so that the people living and working in the region are more comfortable with having a world-class mine as a neighbor.
While the Pebble Partnership wants to talk further with the people in the region before publicizing its finalized plans to reposition Pebble, Collier and Thiessen shared with Mining News some of the concepts under consideration.
Both CEOs said some type of revenue sharing for residents and Native village corporations in the region is an important step forward.
“The good thing about Pebble is it’s on state land; the bad thing about Pebble is it’s on state land,” Thiessen said.
He explains that other world-class deposits in Alaska, such as the Red Dog zinc mine and Donlin Gold mine project, are on Native lands. This provides the local populations with tangible benefits from the operation.
While Pebble would help to send badly needed money to state coffers and would be an extremely significant economic contributor to the Lake and Peninsula Borough, which covers the area where Pebble is located, the larger Bristol Bay region does not currently have a way to directly draw economic benefits from the rich copper-gold-molybdenum-silver deposit.
Collier said the Pebble Partnership is currently considering a profit sharing program for Bristol Bay residents and Native Village corporations.
Another major economic benefit the mine could provide to Bristol Bay residents and fishermen is low-cost power.
“We are going to make sure the power we bring in is available to all those communities,” Collier vowed.
Thiessen believes the power brought into the region for a mine a Pebble could cut the cost of power across the region by as much as 80 percent, a substantial savings for Bristol Bay residents and fish processors.
Contract preference for Native companies in the region, fishery enhancements and forming an advisory council made up of renowned people in the environmental community are among other repositioning ideas the Pebble Partnership is working on.
Collier said he is eager to talk with Alaskans about some of these ideas in the near future.
WARNING: Buying SNDY stock is the same as throwing your money down the toilet. This fraud of a company has had FIVE REVERSE SPLITS in the last few years. Some of them MASSIVE, totally destroying their shareholder's value time after time. Toxic dilution is the only way SNDY survives. BUYER BEWARE! SNDY "technology" is now years old and vastly outdated. They couldn't give away their crap systems, much less sell them. If you do even the minimal DD on this fake company, you will see a company running on empty that has defrauded its investors over and over again. They are now in the process of trying to recruit a new batch of clueless sheep to buy their worthless stock. Will you be the next sucker to get fleeced by SNDY? Just buy their stock and you will find out.
You don't see over half a billion shares in the O/S as a problem? Geez... that is a huge problem when it comes to moving the stock price without huge volume coming in. I have been following this stock because I am invested in First Majestic (AG), which is doing well now that silver prices have gone up. This hasn't transferred to FFMGF. There has to be a reason. What else can it be other than the huge float of shares out there coinciding with low volume trading?
FFMGF is a penny stock with well over HALF A BILLION SHARES in the O/S. Doesn't anyone here understand the ramifications of that?
That's over 500,000,000 shares in the O/S. That is a huge slow moving barge of shares. The volume here is nowhere near where it needs to be to move that kind of O/S. You would need tens of millions of shares traded to move that barge.
What needs to happen is a massive Reverse Split to get the stock up the $2.00 to $5.00 range where more investors would take a look. Many big investors won't even look at stocks trading under a dollar.
WARNING: Trump’s EPA Secretary Will Have ‘16,000 Employees Working Against Him’
Read more: http://dailycaller.com/2017/01/28/warning-trumps-epa-secretary-will-have-16000-employees-working-against-him/#ixzz4XCZzzo2N
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Checkout this igoldadvisor Bullish Silver report -
http://igoldadvisor.com/category/video-updates/
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This statement is taken directly from NAK's own website regarding the Pebble Project -
As a consequence of several factors, including EPA's pre-emptive regulatory action under Section 404(c) of the Clean Water Act, the withdrawal of Anglo American from the project and the passage of time, technical and engineering studies related to mine-site and infrastructure development are considered to have very uncertain and perhaps little value at this time.
Here is the way I see it - VP Pence doubled down tonight on Trump's attack on the dollar in an interview on Fox News Report interview at 6:pm. Pence reiterated and supported Trump's stance that a strong dollar is not in the best interest of USA and world trade. When that statement from the interview with Pence filters into the media cycle as an addition and a backing up of Trump's statements supporting a weaker dollar, the world wide street will respond in kind with a drop in the dollar and a rise in PM's. The banks and the Fed are trying to tank PM's and support the dollar. However, expect an initial failed attempt to prop up the dollar, a scramble to cover short positions in PMs, and then a surge in PMs as the dollar declines.
First Majestic Produces a Record 18.7M Silver Eqv. Oz in 2016 (4.4M Silver Eqv. Oz in Q4); Announces 2017 Production Outlook and Cost Guidance
http://finance.yahoo.com/news/first-majestic-produces-record-18-120000677.html
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Shelf offerings can dilute existing shares considerably if the offering comes from the company because new shares are being created. Selling a large volume of shares all at once can exert downward pressure on the stock's price --
Better Silver Stock: Coeur Mining Inc or First Majestic Silver Corp?
http://www.foxbusiness.com/markets/2017/01/05/better-silver-stock-coeur-mining-inc-or-first-majestic-silver-corp.html
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It's hard to move a stock that has over Half a Billion shares in its O/S. It is like a huge overladen slow moving barge. Also, the volume here is only in the hundreds of thousands. It needs to be in the millions. The company should seriously consider a Reverse Split to get the price out of the penny stock realm, and therefore bringing it into the radar of investment money that won't even look at stocks trading under $5.00, and especially penny stocks trading under $1
You seemed to have skipped over this part. This is the company's own status assessment, not the EPA or Motley Fool.
the withdrawal of Anglo American from the project and the passage of time, technical and engineering studies related to mine-site and infrastructure development are considered to have very uncertain and perhaps little value at this time.
Uh Oh... But this statement is taken directly from NAK's own website regarding the Pebble Project -
As a consequence of several factors, including EPA's pre-emptive regulatory action under Section 404(c) of the Clean Water Act, the withdrawal of Anglo American from the project and the passage of time, technical and engineering studies related to mine-site and infrastructure development are considered to have very uncertain and perhaps little value at this time.
The article is dated December 30th 2016. That is not "over a week old."
http://www.fool.com/investing/2016/12/30/3-gold-stocks-that-could-suffer-a-meltdown-in-2017.aspx
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Or maybe this:
3 Gold Stocks That Could Suffer a Meltdown in 2017
Tread cautiously with these investments.
Northern Dynasty Minerals
Another gold stock that I'd strongly suggest keeping your distance from -- and which could arguably be the most dangerous precious-metal stock period -- is Northern Dynasty Minerals (NYSEMKT:NAK).
If you had bet against Northern Dynasty Minerals at the beginning of the year, you'd be crying under your pillow right about now. Shares of the company have rallied about 700% year to date, making this small cap one of the market's top performers in 2016. Higher gold prices for the year, along with strong momentum and a healthy helping of speculation, have likely pushed its share price into the stratosphere.
But there's one major issue with Northern Dynasty Minerals that its current investors are overlooking -- namely, that it doesn't even have a viable mine as of yet.
Nearly all of the company's valuation is tied to the future of the Pebble Project in Alaska. According to Northern Dynasty, the Pebble deposit contains measured and indicated resources of 70 million ounces of gold, 57 billion pounds of copper, 3.4 billion pounds of molybdenum, and 344 million ounces of silver. Yet, according to the company's third-quarter earnings report, "The Group's continuing operations and the underlying value and recoverability of the amounts shown for the Group's mineral property interests, is entirely dependent upon the existence of economically recoverable mineral reserves." In layman's terms, the company is still exploring Pebble to determine if there's an economically viable way to even recover some of these deposits. And, even if there is, Northern Dynasty has nowhere near enough capital to build out or develop a mine to make it happen.
This stock looks like pure fool's gold -- with a lowercase f -- and I would suggest keeping your distance.
I don't care what Motley says, as long as I can get another 25k NAK shares at 1.70!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=127452607
They nailed this one for free! Guess the Company Presentation was a flop. I listened to it and it was like a graveyard in the conference room. I think there was only 1 question asked after the presentation was over, and that question was "can we please have our money back?"
What happened here? I guess Motley isn't quite the Fool after all.
There is only so much they can do to block Trump. Remember, the Republicans now control both the House and the Senate as well as the Presidency. As I noted last night, look at the price of Gold this morning. The dollar rockets up again and gold sees a ten dollar swing to the negative overnight. It was $1158 (plus $8) last night at 10:00 pm, it is now $1148 (minus $2.20) at 7:15 am. That could of course swing the other way again by the opening bell, but not likely if the dollar stays up..
I wouldn't get too excited until we see what the price of Gold is at Market Open tomorrow morning. We have all seen too many times the price of Gold trending up in the evening and then crashing down to negative numbers before 9:30 the next morning when the massive paper manipulation and selling starts.
I bought at 1.70. I was hoping to get more below 2.00 but it didn't happen. Congrats on your success!
You are not rich until you sell. Better sell now before the pie in the sky speculation buying stops and investors realize the company has no income, no real business operations, needs billions of dollars in financing to succeed, may not even get the permits, and the stock drops back down below $1.20.
Even if the company does ever get the proper permits for this mine, development is going to take billions of dollars, something that this company doesn't have nor is likely going to be able to access with no prior history of operations or development.
Yet opponents remain determined to stop Pebble, and Alaska governor Bill Walker has said he is skeptical of the project."If Northern Dynasty is excited about Trump taking office, I don't know what their crystal ball is showing them," said Kimberly Williams, director of Nunamta Aulukestai, a non-profit group of tribal governments and village corporations in the Bristol Bay area. "The people in our area are still overwhelming opposed to this project."
Looks like I struck a nerve!
The article is not "DD" it is an opinion. The actual DD on the company shows that every point made in the author's opinion regarding the company's fundamentals and financial state is 100% accurate. Trying to belittle where the article was posted or trivialize the content of the article because of where it was posted, does nothing to negate the points the author was making. The author himself states that the stock price has been rising in the article. His point is that it is rising solely on speculation, not on the actual financial condition of the company, it's lacking of past accomplishments, or its ability to acquire the billions of dollars necessary to achieve its long term objectives.
Fussing and fuming about the article doesn't address the authors primary premise which seems to be 100% accurate:
Even if the company does ever get the proper permits for this mine, development is going to take billions of dollars, something that this company doesn't have nor is likely going to be able to access with no prior history of operations or development.
However, there is also this troublesome sentiment from Motley Crew analyst Tyler Crow as well:
Even if the company does ever get the proper permits for this mine, development is going to take billions of dollars, something that this company doesn't have nor is likely going to be able to access with no prior history of operations or development. There is no way to make this conclusion any clearer: Northern Dynasty Minerals' stock should be avoided at all costs.
Great until the end of the article:
Yet opponents remain determined to stop Pebble, and Alaska governor Bill Walker has said he is skeptical of the project."If Northern Dynasty is excited about Trump taking office, I don't know what their crystal ball is showing them," said Kimberly Williams, director of Nunamta Aulukestai, a non-profit group of tribal governments and village corporations in the Bristol Bay area. "The people in our area are still overwhelming opposed to this project."
I have been watching this stock and company for several weeks now. One question I have is that there are over half a Billion shares in the O/S. Doesn't that cause any trepidation with the longs here regarding how difficult it may be to move the price upwards with that huge of a share structure looming overhead, or am I missing something?
https://www.firstminingfinance.com/investor-center/share-capital
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