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I just picked up a 5K share rolling block of NAK at $14.90 avg. I'll be amazed if I don't roll out of this block at $16.90 for a $10K profit by the end of March...we shall see.
If I am right, I will throw the $10K profit into LBSR for more "free" shares!
I just picked up a 5K share rolling block at $14.90 avg. I'll be amazed if I don't roll out of this block at $16.90 for a $10K profit by the end of March...we shall see.
It appears as if the next stop for NAK is the price at which Mitsubishi unloaded ($16.15). Hopefully, that will be the bottom...
It appears as if the next stop for NAK is the price at which Mitsubishi unloaded ($16.15). Hopefully, that will be the bottom...
Northern Dynasty CEO says 'major' miners may bid for company
By Colin McClelland, Bloomberg News March 8, 2011 6:01 PM Be the first to post a comment
Northern Dynasty Minerals Ltd., developing an Alaskan mine with Anglo American Plc, said it could be a takeover target for "major" diversified-mining companies or Asian metals traders in the next two years.
"I think it could happen anytime later this year or next year," Chief Executive Officer Ron Thiessen said today in an interview. "I could see it being either one of the diversified majors singly or a partnership of a major mining company and perhaps an Asian metals trading-slash-smelting company, like a Mitsubishi, Mitsui or Sumitomo, or even one of the Chinese groups."
A preliminary assessment of the copper, gold and molybdenum Pebble project shows the mine could have a 6.2-year payback time after an initial capital investment of $4.7 billion, Thiessen said on the sidelines of the four-day Prospectors and Developers Association of Canada convention in Toronto.
"This is the kind of project that is generally developed by a consortium of major mining companies," Thiessen said. "It's almost unheard of for a project of this scale for a junior to be sitting in there."
Anglo American, part owner of the world's biggest platinum and diamond producers, said Feb. 25 it's too soon to evaluate the copper mine before a "prefeasibility study," and comments by its Vancouver-based partner on the mine's economics were premature.
Thiessen said the prefeasibility study on the mine, which may be capable of producing 680 million pounds of copper a year, will be completed in 2012 for a cost of $325 million after an original estimate of $125 million in 2008.
I originally posted this as #52016 last night, but somehow it has disappeared...
Northern Dynasty CEO says 'major' miners may bid for company
By Colin McClelland, Bloomberg News March 8, 2011 6:01 PM Be the first to post a comment
Northern Dynasty Minerals Ltd., developing an Alaskan mine with Anglo American Plc, said it could be a takeover target for "major" diversified-mining companies or Asian metals traders in the next two years.
"I think it could happen anytime later this year or next year," Chief Executive Officer Ron Thiessen said today in an interview. "I could see it being either one of the diversified majors singly or a partnership of a major mining company and perhaps an Asian metals trading-slash-smelting company, like a Mitsubishi, Mitsui or Sumitomo, or even one of the Chinese groups."
A preliminary assessment of the copper, gold and molybdenum Pebble project shows the mine could have a 6.2-year payback time after an initial capital investment of $4.7 billion, Thiessen said on the sidelines of the four-day Prospectors and Developers Association of Canada convention in Toronto.
"This is the kind of project that is generally developed by a consortium of major mining companies," Thiessen said. "It's almost unheard of for a project of this scale for a junior to be sitting in there."
Anglo American, part owner of the world's biggest platinum and diamond producers, said Feb. 25 it's too soon to evaluate the copper mine before a "prefeasibility study," and comments by its Vancouver-based partner on the mine's economics were premature.
Thiessen said the prefeasibility study on the mine, which may be capable of producing 680 million pounds of copper a year, will be completed in 2012 for a cost of $325 million after an original estimate of $125 million in 2008.
I'm down about 17.5% ($10,500.00) on my 1.5M LBSR shares...YAWN!
Whether it takes a week, a month, a year or even a decade...I don't care. So long as it happens, I'll be happy. LBSR at $1 from these levels in 10 years would be the equivalent of earning 36% per year...not too shabby.
And if it turns out that nothing is in the ground and it goes to .0001, then so be it...I'm a big boy and I'll take my loss.
LBSR TO DA MOON!!!
The following is from theflyonthewall.com:
Northern Dynasty says it is an “ideal takeover target,”
Northern Dynasty’s (NAK) Senior VP said the company is an “ideal takeover target,” reports Mining Weekly. At the BMO Capital Markets Global Metals and Mining conference, Bruce Jenkins said the management intends to continue as a 50% partner, but believes there are a “significant number of prospective interests.”
GEEZ...this board sure has gotten quiet.
"...wish I were a fly on the wall in their board room, but I ain't."
It's funny that you say that, because the following is from theflyonthewall.com:
Northern Dynasty says it is an “ideal takeover target,”
Northern Dynasty’s (NAK) Senior VP said the company is an “ideal takeover target,” reports Mining Weekly. At the BMO Capital Markets Global Metals and Mining conference, Bruce Jenkins said the management intends to continue as a 50% partner, but believes there are a “significant number of prospective interests.”
Here's to hoping that LBSR is one of those "significant number of prospective interests" that Mr. Jenkins is referring to
LBSR TO DA MOON!
NAK currently at $18.00 up $0.31 in pre-market trading. They are scheduled to give their presentation at the BMO Capital Markets Global Metals & Mining Conference this morning at 11:30 a.m.
https://www.multisoftevents.com/bmo11/Agenda.aspx
Afternoon trading could be fun to watch IMO.
NAK currently at $18.00 up $0.31 in pre-market trading. They are scheduled to give their presentation at the BMO Capital Markets Global Metals & Mining Conference this morning at 11:30 a.m.
https://www.multisoftevents.com/bmo11/Agenda.aspx
Afternoon trading could be fun to watch IMO.
Mitsubishi unloaded their stake in NAK at $16.15...
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Feb 25/11 Feb 25/11 Mitsubishi Corporation Direct Ownership Common Shares 11 - Disposition carried out privately -10,179,800 $16.150 USD
IMO NAK will be at least 50% higher than that price by the end of March.
Mitsubishi unloaded their stake in NAK at $16.15...
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Feb 25/11 Feb 25/11 Mitsubishi Corporation Direct Ownership Common Shares 11 - Disposition carried out privately -10,179,800 $16.150 USD
IMO NAK will be at least 50% higher than that price by the end of March.
Latest on NAK from Peter Grandich:
First and foremost, my comments must be considered biased and as is always stated on this blog and in public comments, there’s the potential for conflicts of interest, which in this case is not only my working relationship with the company, but also the fact that my family and I presently own about a million dollars worth of stock. I guess it could be said I have a million reasons to love the stock-lol.
Back when this blog started, I made NDM my very first entry onto my “Tracking List.” The stock was $3.36 at the time. I had previously worked for the company and had “touted” (my Internet critics used that word and some worse to describe my actions-I wish my Mom would stay off the computer-lol) NDM as a takeover target. At the time, I was not engaged by the company, nor did I own any shares.
A period of time passed and NDM engaged me again. I also am engaged by other companies managed by the same group that manages NDM. I’ve publicly stated on numerous occasions that I consider them among the best in their business (and no amount of compensation could make me say that if I didn’t truly believe it).
NDM and 50/50 partner Anglo American are developing what is either the number one or number two (depending on how you compare it to the Oyu Tolgoi) single largest copper/gold deposit in the world. It’s truly gigantic and is not without potential hurdles, including environmental concerns. But, whether you see the cup half full or empty on its chances for success, it’s without a doubt, a prize most major producers in the world can’t ignore.
Despite rising from the $3 area in late 2008, the stock IMHO was languishing around $10 two years later when it suddenly went vertical and more than doubled in less than two months. There are likely lots of reasonable explanations for the move, but in my biased little eyes two reasons were the main drivers:
1- Rio Tinto did a deal with Ivanhoe Mines that effectively remove the Oyu Tolgoi as a takeover target. Appearing properly priced and the lure of a takeover price removed, institutional investors had reason to take their profits in Ivanhoe and look for the next big thing.
2- NDM’s management, in at least two public comments (Wall Street Transcript and BNN interview of Ron Theissen), spoke about their intentions to release in the not-too-distant future a preliminary assessment of the Pebble Deposit, of which they owned 50%. It also seemed to be implied that not long after that, the company would either put itself up for sale and/or become a valid takeover candidate.
I believe this road map created a hunger to own NDM shares and was the driving force in the price appreciation.
A period of consolidation kicked in after the run-up, and I began to comment about an entry point for those not yet in. I also noted my personal interest in the shares (I did buy, sell and buy back a position in NDM and my personal holdings are always fully published on the blog).
During trading last Tuesday and Wednesday, there was some vague chatter about a block of NDM for sale and at least one email to me claimed they heard it was the block owned by one of NDM’s major shareholders, Mitsubishi. I called NDM management and they said they had a few similar inquires but they knew nothing factual.
After the close on Wednesday, NDM released their “Preliminary Assessment” on Pebble and it was very encouraging not just to me, but to more than one analyst who dramatically raised their target price for NDM shares and takeover value. The stock traded up Thursday. Shortly after the close, NDM traded down sharply in the aftermarket. Again emailers, callers and chatter on stock boards spoke about a big block that either traded or was going to be traded. Again, speaking to NDM management found no factual news. (Incidentally, in my opinion, online boards are the last and worst source of information I would consider because to this date, not one person who has ever made false claims about me as ever come public or made those claims to proper channels. In my mind, that speaks volumes about the person(s) making the claims, the legitimacy of the claims, and their motives.)
The market (I know I did) came into Friday’s opening expecting a block or something to explain why after such great news from the company, the stock gave up all the gains and then some the day after the news became public. I received the usual “what’s up” emails and the rare (and sad) nasty emails accusing me of everything from being a “pump and dump” to the death of Elvis, Jimmy Hoffa and the second gunman in the Kennedy assassination. NDM came well off its lows but couldn’t seem to get any real traction as a cloud was hanging over the market on what caused the reversal of fortune’s literally overnight.
After the close Friday, an SEC filing came out showing Mitsubishi had indeed sold its major block. And, faster than Grant took Richmond, I started to receive emails claiming this must be bad news as how could they sell if the stock was about to go a new higher level? Mustn’t this be bad news for NDM? Isn’t it all over but the crying?
In my biased and prejudicial mind, this is my response to those and all concerns: if history is any indication, the typical retail investor won’t grasp it and will remain stuck on why, why, why. Shrewd investors, however, and the vast majority of experienced institutional investors should get it.
In my opinion, Mitsubishi (M) didn’t buy their block like most other investors for simply investment returns but rather for strategic reasons. They assumed that at some point NDM or Anglo would allow them to negotiate an off-take agreement for the Copper concentrate (conc’s), or in the event of a bidding situation for NDM they could influence that outcome with their 11%. I suggest that neither Anglo nor NDM would consider an off-take now, and would suggest to them at the earliest for development financing (2015) but more likely only production (2017-18). I suspect the other major NDM shareholder, Rio Tinto (RT), wouldn’t give them comfort on an off-take if RT ended up in control of NDM. They could have concluded that NDM wouldn’t allow them to hook up their shareholding with either Anglo or RT in terms of a “bid” at this time; without our consent it would trigger the Poison Pill. So the strategic holding wasn’t working. Worse (and this is my speculation), they would find themselves at odds with their customers/partners in a bidding war. If BHP, RT or others were to bid, who would M align with? M is in business with them all; pick one and you piss off the others.
As I stated earlier, I don’t believe the average investor has the ability to think this way. This is not an insult nor a statement of superiority but a personal evaluation of the situation with almost three decades of experience behind it.
In terms of Mitsubishi, fundamentally the money they invested in NDM was money they used to invest in projects for which they get copper concentrate off-take agreements. This money is really not about an “investment” return, but rather using it to obtain a fixed stream of copper conc’s. They, in turn, sell or use the concentrates in Japanese smelters and make money from the concentrates. That is a core, fundamental component of their business. Investing simply to hold shares and capital returns is entirely secondary.
So, if the metals acquisition/trading group was going to do more business, it needed more money. I suspect the corporate head office could have said, “Use the money in the NDM investment as its not returning any copper concentrates.” In terms of what kind of concentrate agreements they could get for $160 million+, think of another HD company, Taseko Mines, and a recent deal of theirs—the Gibraltar off-take. Sojitz invested $180million and got 50% of the Cu conc’s; 75,000 tones of some of the best conc’s in the world. If M used the $160 million(from the sale of NDM shares) for conc’s from Peru or Africa they could probably get double or more. For them, it’s about metal trading. They aren’t equity investors like the masses.
Like in the movie Alfie when it was asked, “What’s it all about, Alfie?” Grandich, what’s it all about?
To begin with, I think it’s all but certain this decision to sell the block didn’t happen “overnight” so I’m going on the basis it was considered before the Prelimenary Assessment release. This is key as the average investor will remain tied up in the “why sell after such good news” analogy. If you concur as I do what M’s main motive was and look at the corporate strategy NDM has telegraphed since late 2010, the end result of the M block was a net positive. (Oh I can hear my critics now, “Liar, liar pants on fire.”)
For starters, how about considering that a 10-million block was swallowed up very quickly and where did the share price close (higher than it was before the data release)? The assumption is the buyer or buyers of those shares (whether investors or potential suitors or a combination of both) obviously felt their entry point offered them value and may be stronger holders than M would have been knowing their main reason to hold was not going to get them where they thought they could get when they first bought (hence potential weak holder is now gone).
Did the block sale change any of the corporate news that led to multiple respected analysts greatly increasing their target price for NDM and publicly stating NDM was a takeover target? Taking into account the thoughts expressed in at least two public interviews, does the block sale derail or hinder the process NDM management laid out? The first part is done–data is out. Does their desire to sell their interest get impeded in any way? Or actually increase since a major shareholder who could have been considered hostile to a particular acquirer is now removed from the equation?
As I said throughout this commentary, I suspect some shareholders will not be able to see the forest through the trees. For those who can, I believe net-net; NDM is in its best possible position in its corporate life. And with the first of two biggest mining conferences underway and NDM being featured at both, I think any individual sorrow that leads to sales of NDM shares (or lack of buying) shall be more than offset by institutional investors who can not only appreciate the case I just laid out, but act positively upon it.
Latest on NAK from Peter Grandich:
First and foremost, my comments must be considered biased and as is always stated on this blog and in public comments, there’s the potential for conflicts of interest, which in this case is not only my working relationship with the company, but also the fact that my family and I presently own about a million dollars worth of stock. I guess it could be said I have a million reasons to love the stock-lol.
Back when this blog started, I made NDM my very first entry onto my “Tracking List.” The stock was $3.36 at the time. I had previously worked for the company and had “touted” (my Internet critics used that word and some worse to describe my actions-I wish my Mom would stay off the computer-lol) NDM as a takeover target. At the time, I was not engaged by the company, nor did I own any shares.
A period of time passed and NDM engaged me again. I also am engaged by other companies managed by the same group that manages NDM. I’ve publicly stated on numerous occasions that I consider them among the best in their business (and no amount of compensation could make me say that if I didn’t truly believe it).
NDM and 50/50 partner Anglo American are developing what is either the number one or number two (depending on how you compare it to the Oyu Tolgoi) single largest copper/gold deposit in the world. It’s truly gigantic and is not without potential hurdles, including environmental concerns. But, whether you see the cup half full or empty on its chances for success, it’s without a doubt, a prize most major producers in the world can’t ignore.
Despite rising from the $3 area in late 2008, the stock IMHO was languishing around $10 two years later when it suddenly went vertical and more than doubled in less than two months. There are likely lots of reasonable explanations for the move, but in my biased little eyes two reasons were the main drivers:
1- Rio Tinto did a deal with Ivanhoe Mines that effectively remove the Oyu Tolgoi as a takeover target. Appearing properly priced and the lure of a takeover price removed, institutional investors had reason to take their profits in Ivanhoe and look for the next big thing.
2- NDM’s management, in at least two public comments (Wall Street Transcript and BNN interview of Ron Theissen), spoke about their intentions to release in the not-too-distant future a preliminary assessment of the Pebble Deposit, of which they owned 50%. It also seemed to be implied that not long after that, the company would either put itself up for sale and/or become a valid takeover candidate.
I believe this road map created a hunger to own NDM shares and was the driving force in the price appreciation.
A period of consolidation kicked in after the run-up, and I began to comment about an entry point for those not yet in. I also noted my personal interest in the shares (I did buy, sell and buy back a position in NDM and my personal holdings are always fully published on the blog).
During trading last Tuesday and Wednesday, there was some vague chatter about a block of NDM for sale and at least one email to me claimed they heard it was the block owned by one of NDM’s major shareholders, Mitsubishi. I called NDM management and they said they had a few similar inquires but they knew nothing factual.
After the close on Wednesday, NDM released their “Preliminary Assessment” on Pebble and it was very encouraging not just to me, but to more than one analyst who dramatically raised their target price for NDM shares and takeover value. The stock traded up Thursday. Shortly after the close, NDM traded down sharply in the aftermarket. Again emailers, callers and chatter on stock boards spoke about a big block that either traded or was going to be traded. Again, speaking to NDM management found no factual news. (Incidentally, in my opinion, online boards are the last and worst source of information I would consider because to this date, not one person who has ever made false claims about me as ever come public or made those claims to proper channels. In my mind, that speaks volumes about the person(s) making the claims, the legitimacy of the claims, and their motives.)
The market (I know I did) came into Friday’s opening expecting a block or something to explain why after such great news from the company, the stock gave up all the gains and then some the day after the news became public. I received the usual “what’s up” emails and the rare (and sad) nasty emails accusing me of everything from being a “pump and dump” to the death of Elvis, Jimmy Hoffa and the second gunman in the Kennedy assassination. NDM came well off its lows but couldn’t seem to get any real traction as a cloud was hanging over the market on what caused the reversal of fortune’s literally overnight.
After the close Friday, an SEC filing came out showing Mitsubishi had indeed sold its major block. And, faster than Grant took Richmond, I started to receive emails claiming this must be bad news as how could they sell if the stock was about to go a new higher level? Mustn’t this be bad news for NDM? Isn’t it all over but the crying?
In my biased and prejudicial mind, this is my response to those and all concerns: if history is any indication, the typical retail investor won’t grasp it and will remain stuck on why, why, why. Shrewd investors, however, and the vast majority of experienced institutional investors should get it.
In my opinion, Mitsubishi (M) didn’t buy their block like most other investors for simply investment returns but rather for strategic reasons. They assumed that at some point NDM or Anglo would allow them to negotiate an off-take agreement for the Copper concentrate (conc’s), or in the event of a bidding situation for NDM they could influence that outcome with their 11%. I suggest that neither Anglo nor NDM would consider an off-take now, and would suggest to them at the earliest for development financing (2015) but more likely only production (2017-18). I suspect the other major NDM shareholder, Rio Tinto (RT), wouldn’t give them comfort on an off-take if RT ended up in control of NDM. They could have concluded that NDM wouldn’t allow them to hook up their shareholding with either Anglo or RT in terms of a “bid” at this time; without our consent it would trigger the Poison Pill. So the strategic holding wasn’t working. Worse (and this is my speculation), they would find themselves at odds with their customers/partners in a bidding war. If BHP, RT or others were to bid, who would M align with? M is in business with them all; pick one and you piss off the others.
As I stated earlier, I don’t believe the average investor has the ability to think this way. This is not an insult nor a statement of superiority but a personal evaluation of the situation with almost three decades of experience behind it.
In terms of Mitsubishi, fundamentally the money they invested in NDM was money they used to invest in projects for which they get copper concentrate off-take agreements. This money is really not about an “investment” return, but rather using it to obtain a fixed stream of copper conc’s. They, in turn, sell or use the concentrates in Japanese smelters and make money from the concentrates. That is a core, fundamental component of their business. Investing simply to hold shares and capital returns is entirely secondary.
So, if the metals acquisition/trading group was going to do more business, it needed more money. I suspect the corporate head office could have said, “Use the money in the NDM investment as its not returning any copper concentrates.” In terms of what kind of concentrate agreements they could get for $160 million+, think of another HD company, Taseko Mines, and a recent deal of theirs—the Gibraltar off-take. Sojitz invested $180million and got 50% of the Cu conc’s; 75,000 tones of some of the best conc’s in the world. If M used the $160 million(from the sale of NDM shares) for conc’s from Peru or Africa they could probably get double or more. For them, it’s about metal trading. They aren’t equity investors like the masses.
Like in the movie Alfie when it was asked, “What’s it all about, Alfie?” Grandich, what’s it all about?
To begin with, I think it’s all but certain this decision to sell the block didn’t happen “overnight” so I’m going on the basis it was considered before the Prelimenary Assessment release. This is key as the average investor will remain tied up in the “why sell after such good news” analogy. If you concur as I do what M’s main motive was and look at the corporate strategy NDM has telegraphed since late 2010, the end result of the M block was a net positive. (Oh I can hear my critics now, “Liar, liar pants on fire.”)
For starters, how about considering that a 10-million block was swallowed up very quickly and where did the share price close (higher than it was before the data release)? The assumption is the buyer or buyers of those shares (whether investors or potential suitors or a combination of both) obviously felt their entry point offered them value and may be stronger holders than M would have been knowing their main reason to hold was not going to get them where they thought they could get when they first bought (hence potential weak holder is now gone).
Did the block sale change any of the corporate news that led to multiple respected analysts greatly increasing their target price for NDM and publicly stating NDM was a takeover target? Taking into account the thoughts expressed in at least two public interviews, does the block sale derail or hinder the process NDM management laid out? The first part is done–data is out. Does their desire to sell their interest get impeded in any way? Or actually increase since a major shareholder who could have been considered hostile to a particular acquirer is now removed from the equation?
As I said throughout this commentary, I suspect some shareholders will not be able to see the forest through the trees. For those who can, I believe net-net; NDM is in its best possible position in its corporate life. And with the first of two biggest mining conferences underway and NDM being featured at both, I think any individual sorrow that leads to sales of NDM shares (or lack of buying) shall be more than offset by institutional investors who can not only appreciate the case I just laid out, but act positively upon it.
My post was not meant as a direct reply to your post. I simply posted the insider activity on NAK to show that Mitsubishi has notbeen a seller.
I'm betting that Mitsubishi hasn't sold one single share...
Insider Activity Review – latest 10 filings updated daily
Northern Dynasty Minerals Ltd. (NDM) As of February 24th, 2011
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Aug 13/10 Aug 13/10 Jenkins, Bruce Wayne Direct Ownership Common Shares 10 - Disposition in the public market -20,000 $7.000
Aug 13/10 Aug 12/10 Jenkins, Bruce Wayne Direct Ownership Common Shares 51 - Exercise of options 20,000 $5.000
Aug 13/10 Aug 12/10 Jenkins, Bruce Wayne Direct Ownership Options 51 - Exercise of options -20,000 $5.000
Jun 04/10 May 27/10 Copeland, David James Direct Ownership Options 50 - Grant of options 75,000
Jun 03/10 Jun 02/10 Hallbauer, Russell Edward Direct Ownership Common Shares 10 - Acquisition in the public market 20,300 $7.320
Jun 01/10 May 27/10 Magee, Sean Direct Ownership Options 50 - Grant of options 75,000 $7.590
Jun 01/10 May 27/10 Hodgson, Stephen Direct Ownership Options 50 - Grant of options 126,000 $7.590
Jun 01/10 May 27/10 Jenkins, Bruce Wayne Direct Ownership Options 50 - Grant of options 75,000 $7.590
Jun 01/10 May 27/10 Fretwell, Gordon Direct Ownership Options 50 - Grant of options 75,000 $7.590
May 31/10 May 28/10 Thiessen, Ronald William Direct Ownership Options 50 - Grant of options 150,000
Insider Activity Review – latest 10 filings updated daily
Northern Dynasty Minerals Ltd. (NDM) As of February 24th, 2011
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Aug 13/10 Aug 13/10 Jenkins, Bruce Wayne Direct Ownership Common Shares 10 - Disposition in the public market -20,000 $7.000
Aug 13/10 Aug 12/10 Jenkins, Bruce Wayne Direct Ownership Common Shares 51 - Exercise of options 20,000 $5.000
Aug 13/10 Aug 12/10 Jenkins, Bruce Wayne Direct Ownership Options 51 - Exercise of options -20,000 $5.000
Jun 04/10 May 27/10 Copeland, David James Direct Ownership Options 50 - Grant of options 75,000
Jun 03/10 Jun 02/10 Hallbauer, Russell Edward Direct Ownership Common Shares 10 - Acquisition in the public market 20,300 $7.320
Jun 01/10 May 27/10 Magee, Sean Direct Ownership Options 50 - Grant of options 75,000 $7.590
Jun 01/10 May 27/10 Hodgson, Stephen Direct Ownership Options 50 - Grant of options 126,000 $7.590
Jun 01/10 May 27/10 Jenkins, Bruce Wayne Direct Ownership Options 50 - Grant of options 75,000 $7.590
Jun 01/10 May 27/10 Fretwell, Gordon Direct Ownership Options 50 - Grant of options 75,000 $7.590
May 31/10 May 28/10 Thiessen, Ronald William Direct Ownership Options 50 - Grant of options 150,000
"Guys NAK did a huge private placement last night of about 70 million shares at $17...
I think some on this board need to sharpen their DD skills..."
Do you really think we are dumb enough to believe your post??? Wouldn't a private placement equal to 70% of the current O/S count be all over the newswires??? GEEZ...and posters ask this guy follow up questions...amazing!
Here's the latest from Peter Grandich:
"It’s days like this that I ask myself why don’t I just go full-time into Christian sports ministry!
After great news on the corporate side, NDM share price has been under pressure after the close of trading yesterday on a rumor that a significant shareholder is selling, or plans to sell and/or some sort of secondary offering is in the works.
Neither the company or I can say anything other than I’m told the company is not raising money now or plans to anytime in the reasonable future and can’t comment on some sale until if and when it occurs.
I can tell you I greatly increased my own personal position yesterday and today and will update you when there are real facts to discuss.
Nothing has changed in my biased but humble opinion except a possible one-day sale on NDM shares."
Grandich followed that up with this:
"I would pay close attention to this research report and can tell you the thinking here aided me in greatly increasing my position yesterday and today. I believe we shall look back and thank today’s sloppiness as one last opportunity to get on board.
I risk lots of credibility by sticking my head so far out and will get hammered financially and from the critics if I’m wrong. I’ll take my chances."
I cannot believe how bad NAK is getting hammered...GEEZ! WTF is going on???
I cannot believe how bad NAK is getting hammered...GEEZ! WTF is going on???
NAK down $2.00 in aftermarket trading...what the heck is going on??? I don't see any news. Anyone seeing something I'm not???
NAK down $2.00 in aftermarket trading...what the heck is going on??? I don't see any news. Anyone seeing something I'm not???
Latest on NAK from Peter Grandich:
NDM was the very first stock on my Tracking List when the blog began back in late 2008. While the gains have been quite nice since then, the company itself took a quantum leap in size in my biased opinion based on the news last night. If not for today’s overall market weakness, I fully believed it could have held its earlier gains and then some. This has given those not yet a believer to consider the following:
With Ivanhoe’s Oyu Tolgoi effectively no longer a prime takeover target thanks to it’s most recent deal with Rio Tinto, NDM is truly by far the largest undeveloped copper-gold acquisition available to a major or majors. I say available because NDM’s CEO has more than once stated the likelihood of NDM being put up for sale and/or being a takeover target. He suggested in his opinion that shouldn’t be too long after the updated data report came out (It did last night).
Any interested party was basically flying in the dark before the release last evening but now has some real hard date to work with. How on earth can a major producer not want to consider NDM given the likelihood that’s it’s mine life should outlive all of us and maybe even our grandchildren? And how can they let one of their many competitors end up with it?
With two of the biggest institutional and industry shows in the world taking place the next two weeks, I fully expect NDM to be having lots of meetings, presentations, etc.
A research report issued today by TD Newcrest not only increased their target price from $26 to $44, but also noted in their analogy that using an approach that took into account several copper transactions in the last two years, they came up with a takeover price for NDM of $128.03. That’s not a misprint (and I won’t hold the three cents against them-lol).
Yes, there’s still significant risks including environmental issues, metals prices and over equity markets but given what we now know data wise and the dramatic increases in metal prices, I could argue NDM is cheaper today then it was when I first added it to my Tracking List at $3.36.
Game on!
Latest on NAK by Peter Grandich:
NDM was the very first stock on my Tracking List when the blog began back in late 2008. While the gains have been quite nice since then, the company itself took a quantum leap in size in my biased opinion based on the news last night. If not for today’s overall market weakness, I fully believed it could have held its earlier gains and then some. This has given those not yet a believer to consider the following:
With Ivanhoe’s Oyu Tolgoi effectively no longer a prime takeover target thanks to it’s most recent deal with Rio Tinto, NDM is truly by far the largest undeveloped copper-gold acquisition available to a major or majors. I say available because NDM’s CEO has more than once stated the likelihood of NDM being put up for sale and/or being a takeover target. He suggested in his opinion that shouldn’t be too long after the updated data report came out (It did last night).
Any interested party was basically flying in the dark before the release last evening but now has some real hard date to work with. How on earth can a major producer not want to consider NDM given the likelihood that’s it’s mine life should outlive all of us and maybe even our grandchildren? And how can they let one of their many competitors end up with it?
With two of the biggest institutional and industry shows in the world taking place the next two weeks, I fully expect NDM to be having lots of meetings, presentations, etc.
A research report issued today by TD Newcrest not only increased their target price from $26 to $44, but also noted in their analogy that using an approach that took into account several copper transactions in the last two years, they came up with a takeover price for NDM of $128.03. That’s not a misprint (and I won’t hold the three cents against them-lol).
Yes, there’s still significant risks including environmental issues, metals prices and over equity markets but given what we now know data wise and the dramatic increases in metal prices, I could argue NDM is cheaper today then it was when I first added it to my Tracking List at $3.36.
Game on!
Sorry if someone already posted this, as I have not yet had a chance to read today's posts.
Recent comment on NAK by Peter Grandich:
I believe the stars are lining up for NDM. Actually, the fundamentals appear never to have been better and the technical picture is now suggesting the correction of the massive run-up late last year is just about over.
On the assumption the 50-Day M.A. is the worse downside barring a stock market plunge and/or dramatic sell off in precious and base metals, and the continuing belief that the management’s more than once public comments that they expect to have out a full-scale updated analysis of the Pebble Project (and my belief if that’s the case they would want it out before the big BMO conference that starts this weekend in Florida), I think speculators should give NDM a hard look today!
Sounds good to me...and certainly can't hurt LBSR. LBSR TO DA MOON!
I now have 250K shares up for sale at $0.24. Once that fills (and it will fill), I'll be riding the remaining 1.25M shares for "free".
Then again, all my shares are kind of free since they were purchased using just a portion of my overall profits from NAK!
I love this game...LBSR TO DA MOON!
OK...now sitting on 1.5M shares @ $0.04 avg. I sure would love to see NAK really pop while LBSR stays around $0.04. If NAK gets over $30.00, I'll add another 1M LBSR shares. LBSR TO DA MOON!
WOW...that was a quick fill!
Filled Buy 31850 LBSR Limit 0.04 -- -- 13:36:28 02/17/11
Order No. 7261738524 Liberty Star Uranium&metl... Entered:13:36:07 02/17/11 Reuse
Filled Buy 75000 LBSR Limit 0.0399 -- -- 13:36:27 02/17/11
Order No. 7261738524 Liberty Star Uranium&metl... Entered:13:36:07 02/17/11
Filled Buy 138150 LBSR Limit 0.0399 -- -- 13:36:08 02/17/11
I'm impatient...just changed my remaining 245K share order to .04. What the heck is another .0015!
Got a lousy 5K partial at .0382 and now the bid is at my .0385
I have an order in for 250K at .0385 (above the ask)...who cares about .0003 anyway LOL
"sorry they aquired not sold."
AHHH...that's more like it. LOL
k9painter: Which institution sold 5M shares of NAK?
Peter Grandich's take on the action in NAK today:
After more than doubling in price in just two months and becoming very overbought (Look at breakdown in RSI line), the inevitable consolidation/correction has begun (MACD sell signal). The huge spread between moving averages, especially the 200-Day M.A. is also a short-term concern. Ideally, a pullback to the 50-Day M.A. would be best re-entry point but I don’t know if it can pull back that far in this environment.
The fundamentals are very bullish. I believe much of the doubling in price came about from two factors:
1- NDM management has spoken more than once in recent times about putting it’s interest in the Pebble up for sale
2- The deal Rio did with Ivanhoe effectively remove Ivanhoe as a takeover leaving Pebble as the largest undeveloped copper-gold project potentially available for acquisition (NDM 50% stake in it).
There are two major institutional shows upcoming (BMO’s Florida conference and PDAC) and I suspect NDM would want to have the anticipated updated data out before these shows.
I was clearly a couple years early but I do believe NDM is a prime takeover candidate and my original target of $25+ could be too low given what has happened to metal prices and the hunger for big deposits by majors.
Stay tuned.
I tend to agree...
Peter Grandich's take on the action in NAK today:
After more than doubling in price in just two months and becoming very overbought (Look at breakdown in RSI line), the inevitable consolidation/correction has begun (MACD sell signal). The huge spread between moving averages, especially the 200-Day M.A. is also a short-term concern. Ideally, a pullback to the 50-Day M.A. would be best re-entry point but I don’t know if it can pull back that far in this environment.
The fundamentals are very bullish. I believe much of the doubling in price came about from two factors:
1- NDM management has spoken more than once in recent times about putting it’s interest in the Pebble up for sale
2- The deal Rio did with Ivanhoe effectively remove Ivanhoe as a takeover leaving Pebble as the largest undeveloped copper-gold project potentially available for acquisition (NDM 50% stake in it).
There are two major institutional shows upcoming (BMO’s Florida conference and PDAC) and I suspect NDM would want to have the anticipated updated data out before these shows.
I was clearly a couple years early but I do believe NDM is a prime takeover candidate and my original target of $25+ could be too low given what has happened to metal prices and the hunger for big deposits by majors.
Stay tuned.
I tend to agree...
363.5K shares traded at the $0.04 ask price by 9:35 a.m.; 46.5K shares traded between $0.04 and $0.038 over the next 5 minutes; 62K shares traded at $0.038 over the next 10 minutes; no action over the next 25 minutes and then 25K shares traded at $0.035.
363.5K shares at the ask and it does not budge, but 25K shares enough to drop the bid almost 10%...too funny.
Looking forward to the day when we are laughing at these prices...LOL
LBSR TO DA MOON!
Yep...filled at the open:
Filled Buy 100000 LBSR Limit 0.04 -- -- 09:30:19 02/04/11
Order No. 7211410004 Liberty Star Uranium&metl... Entered:08:31:41 02/04/11
Filled Buy 50000 LBSR Limit 0.04 -- -- 09:30:35 02/04/11
Order No. 7211413804 Liberty Star Uranium&metl... Entered:08:32:09 02/04/11
Filled Buy 50000 LBSR Limit 0.04 -- -- 09:30:40 02/04/11
Order No. 7211413804 Liberty Star Uranium&metl... Entered:08:32:09 02/04/11
Here are my sell orders:
Open Sell 100000 LBSR Limit Stop Market Stop Limit Market Limit 0.24 -- 06/03/11 --
Order No. 7211838682 Liberty Star Uranium&metl... Bid: 0.035 Ask: 0.038 Last: 0.038 Entered:09:45:36 02/04/11
Open Sell 50000 LBSR Limit Stop Market Stop Limit Market Limit 0.24 -- 06/03/11 --
Order No. 7211866339 Liberty Star Uranium&metl... Bid: 0.035 Ask: 0.038 Last: 0.038 Entered:09:47:25 02/04/11
Open Sell 50000 LBSR Limit Stop Market Stop Limit Market Limit 0.24 -- 06/03/11 --
Order No. 7211878984 Liberty Star Uranium&metl... Bid: 0.035 Ask: 0.038 Last: 0.038 Entered:09:48:21 02/04/11
Now I sit back and await the eventual run in LBSR to at least $0.24, watch my sell orders get filled, and then patiently sit with my 1M shares for the real launch...LBSR TO DA MOON!
I have 2 separate 100K share buy orders in at $0.04. Should they fill, I will have 1.2M shares @ $0.04 cost basis. I will immediately put in a 200K sell order @ $0.24 in order to recoup my investment and then ride the remaining 1M "free" shares until LBSR is taken out...just like I am doing with NAK. Whether the price is $1.00, $3.00, $5.00, $10.00 or even higher, my 1M shares will be held until LBSR is bought out. It's gonna be fun when this eventually takes off to watch my accounts grow by six figures...per day! LBSR TO DA MOON!
New to the board here. Starting buying NAK at $1.70 in October 2008 and sold along the way at prices ranging from $6.50 to $17.50 for $500K profit. Still holding 20K shares NAK at cost basis of just $4.50 until they get bought out.
Currently holding 1M "free" shares of LBSR (figured I might as well throw a portion of my NAK profits into LBSR) for the long haul. Just bought 250K shares at $0.04. Took five partial fills as follows:
Filled Buy 16700 LBSR Limit 0.04 -- -- 15:15:10 01/26/11
Order No. 7176782201 Liberty Star Uranium&metl... Entered:15:14:19 01/26/11 Reuse
Filled Buy 16700 LBSR Limit 0.04 -- -- 15:15:05 01/26/11
Order No. 7176782201 Liberty Star Uranium&metl... Entered:15:14:19 01/26/11
Filled Buy 83200 LBSR Limit 0.04 -- -- 15:15:05 01/26/11
Order No. 7176782201 Liberty Star Uranium&metl... Entered:15:14:19 01/26/11
Filled Buy 50000 LBSR Limit 0.04 -- -- 15:15:01 01/26/11
Order No. 7176782201 Liberty Star Uranium&metl... Entered:15:14:19 01/26/11
Filled Buy 83400 LBSR Limit 0.04 -- -- 15:14:54 01/26/11
Five partial fills to complete an order for just $10K worth of stock...interesting.
Glad to be aboard what one day will become the LBSR rocket ship...with plenty of patience for that day to arrive.