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I don't disclose my trades. Rest assured I'm profitable. Believe what you may.
Well i learned a long time ago, how to remove emotion from trading. Once I went full bore in that direction, I started becoming very profitable. Not everyone is willing to go that far, they like the attachment feeling of having "pet" investments, which they become emotionally attached, usually to the financial detriment long term.]p
Nice call.
Many traders suffer from cognitive dissonance. Not much you can do to fix this, except profit from their handicap. The sheep get slaughtered.
I honestly couldn't even see 3.00, and being able to hold that. Irrational exuberance strikes again.
In that case, it's not hard to see how this will trade. Some learn the hard way.
Keep dreaming. Unless they announce partner on call, expect more red action.p
Your rocket ship is going the wrong direction.p
I'm sorry, you were saying something?
Why are longs expecting a rocket ride? Consider yourselves lucky if she sees $3, and holds it.
MOMO traders might make you seasick watching the action.
Not impressed. Going back to my earlier statements, no partner no future. Pump and dump for next few days. There was more opposition to this project than just the EPA. This isn't smooth sailing.
Partnership announced
All other significant opposition bows out.
Without these, this is still risky business.
MOMO traders will own this for next few days.
"Irrational exuberance" there seems to be no known cure. All markets are saturated with suckers. The gold bug has taken root here, some learn the hard way.
From the whole well reasoned article, all you got was no one knows future commodities price?
That was the least of the major concerns referenced. Selectively ignoring facts is generally considered a bad idea.
GLTU
Some logic and reason...
https://www.google.com/amp/s/www.fool.com/amp/investing/2017/02/01/where-will-northern-dynasty-minerals-be-in-10-year.aspx0
The Motley Fool
Where Will Northern Dynasty Minerals Be in 10 Years?
The company is on a tear in the early days of Trump's presidency as investors bet this time really is different.
Maxx Chatsko (TMFBlacknGold) Feb 1, 2017 at 8:39AM
An underground mine with a line of yellow work helmets.
IMAGE SOURCE: GETTY IMAGES.
Canadian mining company Northern Dynasty Minerals (NYSEMKT:NAK) is sitting on one of the world's largest undeveloped deposits of copper and gold. There is one minor detail, though: It hasn't done much mining.
That's because the U.S. Environmental Protection Agency nixed the company's plans to develop the Pebble Project in Alaska in 2014 after ruling that it could threaten the world's largest sockeye salmon fishery. That decision pushed the stock below $0.50 per share for the next two years and forced previously committed partner Anglo American and investor Rio Tinto Group to abandon ship.
What a difference a few months can make. The election of President Trump, who favors fully utilizing American resources, has quickly reversed the fortunes of Northern Dynasty Minerals. The company recently disclosed that it had the administration's support for development and would reach a solution with the EPA within 100 days. It also believes it could find a new partner (or consortium) before year-end. The sudden and unexpected shift in policy has pushed shares to a market valuation exceeding $700 million -- the highest since late 2011.
NAK Market Cap Chart
NAK MARKET CAP DATA BY YCHARTS
Investors are probably wondering where the stock will go from here. Given the lengthy permitting process and development timeline, it's fun to wonder: Where will Northern Dynasty Minerals be in 10 years?
Green light and permitting
To be fair, everything still hinges on whether the company receives approval from the EPA. That's not exactly a given, as previous decisions cannot simply be undone by a pen stroke -- even by a president. And even if the agency gives the green light to Northern Dynasty Minerals it could find itself in court or needing additional environmental studies before it can begin the permitting process.
But let's assume the green light occurs within 100 days as expected without further restrictions. The company would then enter the permitting process, which Northern Dynasty Minerals expects should consume $150 million and four years. The hefty price tag and complexity makes it necessary to find a deep-pocketed partner. After all, even after raising net proceeds of approximately $35.5 million in a recent stock offering, the company is not in a great financial position to undertake such an enormous task by itself. Or, not without significant dilution and/or debt.
Investment for development
If the permitting process doesn't hit any snags (including additional environmental reviews after the initial green light), then Northern Dynasty Minerals and its partner(s) will be able to begin developing Pebble sometime around mid-2021. The potential is huge, comprising an estimated:
57 billion tons of copper.
70 million ounces of gold.
3.4 billion pounds of molybdenum.
344 million ounces of silver.
It could take years to ramp and scale production to meaningful levels, but even successful development doesn't guarantee profitability.
The most important factor in the mining industry is all-in cash costs, which includes labor, equipment, energy, transportation, regulatory, and consumables, among other expenses. Pebble comprises 23,000 square miles of land that is home to just 1,500 people. American labor and regulatory costs will already increase production costs, but the rural nature of the project hints that infrastructure, energy, and transportation costs will be significant as well.
Consider that Barrick Gold (NYSE:ABX), a $20 billion company with extensive gold-mining operations, extracted 5.5 million ounces of the precious metal last year for an average cost of product sold of $800 to $850 per ounce. However, production costs were significantly higher for its American mines in Nevada than elsewhere in the world. And that's in a state that is the world's sixth largest gold-producing territory.
Nevada is also home to more developed infrastructure and less environmental burdens than Alaska. Moreover, the company's main assets there -- Cortez and Goldstrike -- produce ore containing 2 times and 3 times more gold, respectively, than exploratory work estimates Pebble contains. Taken together, these factors mean Northern Dynasty Minerals could see production costs north of $1,000 per ounce.
What does it mean for investors?
Northern Dynasty Minerals has a long and difficult road to resource extraction and profitable growth. To match an industry leader such as Barrick Gold, the company would need to produce millions of ounces of gold each year for many consecutive years, in addition to large amounts of copper and silver. While that's feasible on paper, investors should probably remain very patient with the owner of Pebble. A long permitting process, the high costs of development, and unknown cost profiles all present major risks to investors.
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Don't be surprised if delayed EPA announcement. Just saying.
Agreed, longs playing with fire here.
Oh oh..a sign of things to come..like I said..this may not be a walk in the park as some are expecting.
http://mobile.reuters.com/article/idUSKBN18620F?utm_campaign=trueAnthem%253A+Trending+Content&utm_content=59133a2f04d3012ca33f0b74&utm_medium=trueAnthem&utm_source=facebook
P.T Barnum was correct.."there is a sucker born every minute".
Agreed, Epic pump job suckering these dreamers. Will be sad to watch the blood red action soon.
Extreme pump and dump action underway..this will be an epic short..once the music stops.
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OK Great you have it all figured out, you are right about everything. Save this post to prove my admission to others.
I admit to everything you claim.
Arguing with a wall is not an imperative.
I have stated my case, in time we will see.
Strong sell
"Hahahaha Read the latest PR. There will be no more delays."
What?? Do you know what A PR document is? Are you familiar with "forward looking statements"?? etc.
Come on, you really should know better.
In time we will see the truth.
STRONG SELL
Ok sounds great. It's however you say it. I'll stick with the facts and continue to make money.
GLTU
Strong sell
FACTS:
That deal fell through, we didn't like the fundamentals and management, hence the crash.
I suggest you ask before assuming.
You failed to mention our historic short on DRYS..but you probably haven't done your homework.
Nice try though.
STRONG SELL
Come on, you know better..."past performance is not indicative of future performance".
Facts:
1. You don' t know how EPA will rule. (you are hoping for positive result)
2. Even with approval, you don't know if and when a partner will announce (you are hoping this happens quickly, could take a year or more)
3. DELAYS: EPA could drag this out for another year or two (the NAK price will crash as a result of delay)
4. Environmental Lawsuits, yes they can further drag this out continually filing motions of stay.
These are facts. I believe one way, you another, in time we will see who is right.
So please don't pretend I'm not dealing in "facts".
A whole lot of opposition is strongly against this happening still. Not wise to assume it's smooth sailing IMO.
GLTU
STRONG SELL
Some more crazier than others. I'm not an idiot, if partner announces, this thing will fly.
I just don't think it will happen IMO.
When it makes sense to short, do it, when it doesn't you don't.
Right now, this bird won't fly.
GLTU
STRONG SELL
What's wrong about it? I have stated several times, EPA action will disappoint, after no partner materializes...pump and dump from there.
Only thing will save this submarine is a partner announcement. A short would be crazy to fight that action.
So far only small retail throwing their rent money in here, praying on a dream, and barely hanging on to $2.00 by a thread.
What are you confused about. I haven't changed my stance. This is heading down after reality sets in on EPA ruling, unless partner steps up.
No partner, no future.
Strong sell
I asked for $2.00 pathetic stock can't even hold the line.
CEMENT CEILING AT $2.00 BOING!
watch and learn.
Junk article removed. Prepare for red action.
Strong Sell
Very sluggish up momentum today, this junk barely sustaining gains.
Strong sell
Unlike longs, shorts are patient traders, using logic, reason and proper timing. I thought you understood shorting? Please keep buying.
UH OH..longs are not going to like this...
STRONG SELL :)
"While time will tell, what remains certain is the unrelenting opposition from the broad-based coalition that has dogged this project for over a decade. Most important is the deep and abiding unpopularity of the project among Alaskans themselves. The regional opposition to Pebble is near-unanimous, with over 80% opposition in the region (including from shareholders of the Bristol Bay Native Corporation, the region’s largest developer). The state-wide opposition isn’t far behind - estimated consistently at over 60% based on polling and at 65% based on the state-wide adoption of the Bristol Bay Forever initiative in 2014.
For Northern Dynasty — and for any potential partner - the hard truth is that the Pebble Mine is going nowhere. Recall that this is the project abandoned by all of Northern Dynasty’s former mining partners, including Mitsubishi Corporation (in 2011), Anglo American (in 2013), and Rio Tinto (in 2014), three of the largest mining companies in the world. Northern Dynasty remains a lonely voice of desperation, searching for vindication of its investors’ mindless pursuit of profit at the expense of everyone else — and, most particularly, at the expense of the people and communities of Bristol Bay.
The Pebble Mine is and always will be a completely unacceptable project, unjustified by the science, inconsistent with the law, and at odds with common sense. NRDC is committed to doing whatever is required to ensure the mine’s definitive defeat.
Salmon first, Pebble never. Take action now
http://www.huffingtonpost.com/joel-reynolds/pebble-mine-2016-year-in_b_14007834.html
This junk still can't approach $2.00 all day lol. What a waste. Shorts will eat this for dinner.
She saw 40% gain on less volume previously. Small retail can't push this anymore.
Strong sell
Nope I'm good. Fundamentals in my favor. "IRRATIONAL Exhuberance" makes me money. GLTU
This is where she usually gets tired.
Looking like an excellent short play setup..thanks everyone...come one bagholders give me $2.00 please. Keep dreaming.
Pathetic..pushing into afternoon session already, this thing is molasses going up.
She goes down fast like a bullet.
I think you have me confused with someone else..what do you mean "first".
The NAK issues are still standing on multiple fronts. Longs are claiming a victory they actually don't have, based on this silly retail action today. GLTU
Strong sell.
Not sure what the relevance is in your statement but, Like I said..just watch the action develop. We are talking NAK here in case you are wondering.
Strong sell
Seriously?,
What I'm looking at is a nice short play setup. Seen this a hundred times already. All fluff retail action.
Nice short trade is all I see here. Wall street won't touch this until right before announcement of partnership(IF EVER HAPPENS).
This volume is not indicative of a hedge fund or wall street volume.
It will tank soon enough.
Strong sell.