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Funny to find you here...lol I got out of NAK with a small gain. Now here, not many comments.
Where are the .30c...lol..Sorry Mrplmer..did not mean to reflect on your last post. My post is meant for Mr. Where are the thirties!!
It's all relative to the number of shares you own and your personal needs.
I had to help a family member...I sold 3000 shares, but...I had 456,000 shares. I now have 453,000. So do you consider me selling out? Again, we have no personal knowledge of the sellers needs of the parties involved.If they sold the majority of their positions, I would be concerned. If they sell a small portion, I understand and have no issue with that. My take only.
Really, I thought it was more buying at $1.01 or lower and selling at $1.03...lol
As interesting as this all is..Does anybody have any thoughts as to why Collier was over selling this property to a Chinese Co.? Hong Kong or not, still tied into China. This property is so large and is of such value I do not understand the need to oversell. Will Collier lose his $12 mil bonus?
I don't think the ROD will be jeopardized, but it may be delayed while those at the ACOE mull this over. Thoughts? Have to go out...will respond tomorrow.TIA
This may be what you are looking for..not sure, my best effort.
Quaterra Resources Inc. (TSXV: QTA; OTCQB: QTRRF) is a copper exploration and development company with the primary objective of advancing its U.S. subsidiary's copper projects in the Yerington District, Nevada. Quaterra also has the right to earn a 90% interest in the Groundhog copper-gold prospect, a 40,000-acre property situated on an established copper-gold porphyry belt 200 miles southwest of Anchorage, Alaska. It has acquired the right to purchase a 100% interest in 678 unpatented mining claims associated with the Butte Valley prospect, a large, partially explored porphyry copper-gold system located in eastern Nevada. The Company continues to look for opportunities to acquire copper projects on reasonable terms that have the potential to host large mineral deposits attractive to major mining companies.
The only thoughts and discussions were about alternatives. Alternative 3 and what can be done. One major dissenter does not believe the State of Alaska can enforce Eminent Domain with regards to the natives.
"There are limits on the use of eminent domain for economic development, but there are exceptions, and the Alaska State Legislature has the authority to create new exceptions."
"THE ALASKA STATE LEGISLATURE HAS THE AUTHORITY TOO CREATE NEW EXCEPTIONS"
One needs to keep an open mind...their are several ways to skin a fish!!
Please read Alaskan eminent domain laws.
http://touchngo.com/lglcntr/akstats/Statutes/Title09/Chapter55/Section240.htm
The Army Corps of Engineers offered the third alternative...the land route. Think the ACOE did that to stop the project in it's tracks...
Why no moaning and groaning by NAK...Why no chicken little scenario by NAK...NAK and the ACOE know alt 3 can be overcome...As you say, "Something will get worked out". Bottom line, Alaska and it's people need this.
Ever hear of Eminent Domain...The natives do not have the last say...The State of Alaska does. Go check the natives charter.
TD Ameritrade..no trading fees, great Level II
Thank you for the correction..Ma'am..all is well at my end. Same to you...happy investing!
wwalker3, sorry for the late reply...family matters for today. I must agree with NotRichYet2.."DOA" is a good description. I believe that lawsuit to be frivolous and does not much matter to the partners/buyers whom I believe are already lined up waiting for the FEIS & ROD. The next couple of months shall be most interesting...good Luck to you sir!
Stargazer123...Right back at you....excellent explanation. I don't post much. I see your post and they are usually spot on...Thanks for your input and good luck to you and yours.
Thank You Garyadam, I wish for everybody to make money, especially in these Covid times. I hope you get what you are wishing for...I have never understood to reason for some to disparage others out of spite or meanness.
The purpose of investing is to make money...either long or short. Swing trading has it's place, as does daytrading and of course, going long. Their have been several times I was wishing for the thirties or even the twenties. lol. In any event, this country needs the resources. Especially the people's of Alaska. Good luck to you.
Investolator, Just back from my evening walk. I have been buying from 1.90,
down to .47. I had to average down or suffer with some of the others who bought higher. My average is now .700l. I was hoping to get my average under .70, so I got close. I have 456,000 shares as I finally was able to get to an even number. lol OCD I believe they call it. It is great you are up almost 100%. While I believe $2.00 is a good number, I still feel it is a little low. There are 29,000 mil. short shares. They will have to cover at some point. Watch carefully the volume. The shorts will cover in only two days, maybe two and a half days at the most. Do not believe it will take them 7-10 days to cover. I'm hoping for 5.00+. Two mill will be fine with me. In any event, like you...it is just my opinion. You also have a nice weekend. Looking forward to the next few months with great interest.
Mr. Scotttrader80' not all longs are suffering with losses.
I for one am up $81,665. So when referring to longs...you might want to say, "Some Longs"! Unless I miss my guess, sometime in the near future I plan on being a millionaire!!! But I do appreciate your concern!!
Today you are finally right on two points.
Every operating mine in the world mines more than NAK...they are not a mine yet, 5 years plus before they get to mining.
NAK will never build a mine...not what they do...somebody else will build the mine.
I agree...never hurts to average down, but I believe you are wrong about the timing of partners. If a little more dilution is required, no problem. Just another opportunity to get a lower average. Partner by end of 2020.
No problem...my pleasure and expectation.
Yep...my hope!
For once I wish you were right. I'm awaiting a court settlement, but won't see funds until March 7...so I can add to my 201,000 shares...Go Nak!!
Not true...$1.10, $2.10, $3.10, $4.10 etc...
I see this site is just a hotbed of conversation. Where are the few people who post here in support of NAK? I wonder why most have left, what used to be a viable site. Hummm!
Crazy is talking about gold at $5000. per oz. The highest gold has been in the last 100 years is $2235.95 in and around Jan, 1980...39 years ago!
So trying to pass off an extremely high market cap based on a number that has never existed seems a bit like pumping to me!
Making up numbers that are 2 times plus the highest number that has ever existed is a bit of a stretch.
I will bet all my shares (88,883) that we don'e see $5000.00 an oz before the mine is built...5 yrs plus!
Ha Ha, Hit New High, $1.07, vol now over 3 mil
Oh no!!!! $1.05, I cant keep up!!! lol
My bad...$1.03, new high...
$1.02 lol lol lol Delisting??? I don't think so!!
upgraded to 7.0
As info,
6.6 Earthquake near Bristol Bay and Anchorage, Alaska...just occurred.
In 2018, from that same report comes: 652,113 shares sold...4,923,742 shares BOUGHT...Insiders bought 4,923,742 shares...Why do you think that is??? What do they know, that we don't!!!
WOTUS ...good for us...
Please read again, can never read enough good news..
https://banks.house.gov/news/documentsingle.aspx?DocumentID=351
Lol...I own 52,965 shares in a large gold mine!!!
May have more by end of year, if lucky...Happy Thanksgiving to all, shorts included.
Looks like a good place to start covering.....50, .40, .30, .10 Oh yeah, we are not going in THAT direction. My bad!
Here is another guess...the shorts will end up covering in 3 days. 2,
10 million volume days, plus. I guess the shorts could cover in 35 days, at 1 million volume per day...lol, but not likely.
Have you ever been involved in a short cover? You wait 35 days on any stock anytime to cover and you are right...They will lose all their investment, then file for BK. lol...that's what's coming.
Take a look...Your inside sellers!
http://www.stockhouse.com/companies/bullboard?symbol=nak&postid=28482326
Good things to come...Today,Trump administration defends Keystone XL pipeline in court. Same as he will...Pebble.
First Quantum can obtain the money for a buyout, when and if they desire.
Excerpt from First Quantum's recent Financial Statement
d) First Quantum Minerals Ltd. senior debt facility
In October 2017, the Company signed a Term Loan and Revolving Credit Facility (“RCF”) replacing the previous $1.875 billion
Term Loan and RCF with its core relationship banks. The Facility of $2.2 billion comprised of a $0.7 billion Term Loan Facility, and
a $1.5 billion RCF, maturing in December 2020. Final maturity can be extended to December 2022 when certain criteria have been
satisfied and at the option of the Company. The Facility includes revised financial covenants and an extended repayment schedule that commences in December 2019 with interest at LIBOR plus a margin. This margin can change relative to certain financial ratios
of the Company.
On February 27, 2018 the Company repaid and extinguished the $0.7 billion old Term loan and repaid the outstanding balance on the
RCF. The RCF remains available for the Company to draw.
If they are so reputable, why are all of their pictures in the advertisement (Donations included) NOT of the Pebble property, but of Trees Rivers and Lakes that are NOT CLOSE to Pebble? And you say they are honest and reputable!!