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Looks like the market disagrees! Those who have shorted the stock have lost 40% in the last week! Seems like the market is finally realizing the "Short and Distort" campaign (as NAK called it) has zero credibility!
Must not feel good for those still short with momentum turning and margin calls coming monday!
Thoughts?
;)
I suppose the pleading for "lawsuits" by the ambulance chasers aren't really being seen as important to the market!
Over the last week the stock has rallied 40% to the chagrin of many shorts I am sure!
Tough luck for those hoping to capitalize on kerrisdale and their games huh!
Goooo NAK longs!
;)
Have a great weekend!
Probably people like me, who moved risk capital out of here while we wait, still going to take to November (ish) to see a ruling here.
If you manage your portfolio the way I do, only so much goes to spec plays, so if you find another one you want to go into, smart thing to do is rotate out then come back later.
Still have a solid position here but took some out to move elsewhere in the short to mid term
Likely the same issue - 500k shares is only 10k dollar value its really not alot, its just that there's no one buying thus the impact on price.
I had to take a bit of a loss to sell as well
Stock is up 30% since your call
Sure hope you covered if short! not a positive move for bears!
Well some here clearly haven't read the information !
:)
TD upgrades Northen Dynasty to Speculative Buy price target of $5
https://www.streetinsider.com/dr/news.php?id=12559754
Northern Dynasty Mulls legal action against short seller in short and distort campaign
http://business.financialpost.com/news/mining/northern-dynasty-minerals-fires-back-at-short-seller-who-called-company-worthless
NORTHERN DYNASTY RESPONDS TO KERRISDALE SHORT AND DISTORT CAMPAIGN
Seems you missed this! It's stickied at the top of the board for your future reference - all the best ! Haha
http://www.northerndynastyminerals.com/ndm/NewsReleases.asp?ReportID=778879
Too bad about that fact they don't have a lead plaintiff yet hey!
Hard to have a lawsuit without a lead plaintiff from my understanding of the law!
Darn!
Interesting I read the full article and found this - guess you missed it!
Also given you posted this same information at 2pm today I will delete your duplicate post!
If you suffered a loss in Northern Dynasty you have until April 17, 2017 to request that the Court appoint you as lead plaintiff . Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. To obtain additional information, contact Vincent Wong, Esq. either via email vw@wongesq.com, by telephone at 212.425.1140, or visit http://www.wongesq.com/pslra/northern-dynasty-minerals-ltd.
This means they don't have a plaintiff! Whoops!
Factual information about NAK
1. SHAREHOLDERS ARE NOT SUING - this is Kerrsidale and a group of ambulance chasing law firms ASKING SHAREHOLDERS TO SUE NOT THE OTHER WAY AROUND. KERRISDALE HAS DONE THE SAME IN THE PAST IN OTHER SHORT AND DISTORTS WITH MANY OF THE SAME "FIRMS"
2. TO DATE NAK HAS NOT BEEN SERVED WITH ANY NOTICE OF A CLASS ACTION - PLEASE STOP SUGGESTING THAT "ASKING SH TO SUE" IS THE EQUIVALENT AS SHAREHOLDERS ACTUALLY SUING - IT IS NOT THE SAME. AGAIN TO DATE NO SHAREHOLDERS ARE SUING
3 Just because NAK can "apply" doesn't mean anything. If NAK knows the answer is no, why would they spend 150 mil of SHAREHOLDER FUNDS to hear "we told you no at veto"
4. Clearly NOT applying when NAK knows the answer is already no (given the veto) is a prudent choice to not waste shareholder funds
I live in region that this mine is in. I really do think it will go through
Disagree!
Kerrisdale (who is clearly on topic of this stock) did indeed put that info in their disclaimer- I am aware!
So they shorted cool- part of the market nothing wrong w that!
However, the misinformation aspect of their report PLUS shorting is what gets them in trouble!
Not to mention if there was Collusion with Kerrisdale and others to short- very illegal! That's market manipulation to a "T"
Read what is posted on the SEC own site! Very similar situation and as I described above!
Right here! Read it!
https://www.sec.gov/news/press/2008/2008-64.htm
This assertion is actually nonsense and comical
Here's some common sense
1. A veto prevents permitting but not "applying".
2. While a co can then spend 150 mil to go through that process since the veto doesn't stop them from applying, the veto prevents the permit from being granted
3. So friend, why would a company spend 150 mil when it knows the answer it will get?
I watched the senate hearings on this and the GOP raised this issue to the EPA as they argued this similar nonsensical comment
Obviously, the EPA official had no response
Laughable commentary really
It's procedural - stay will be granted
In fact according to this 13g kapernick owns 20 mil shares not the 6 disclosed in the Nasdaq report!
Good to see!!
https://www.sec.gov/Archives/edgar/data/1164771/000093041317000313/c87236_sc13ga.htm
I bet my money with companies who's insiders don't "sell on pops" CEO has been at this for over a decade and didn't sell any shares on the moves up or down (nor anything material from any insiders other than a bit of tax selling), as well as those with INCREASING INSTITUTIONAL OWNERSHIP
VERY GOOD SIGNS!
Pundits using incorrect facts from a Kerrisdale report are:
A. Incorrect
B. Provide Unreliable views in light of all FACTS as per the company PR combined with SMART money behavior!
OUCH INSTITUTIONS ARE BUYING that's what matters not some no name pundit without facts on Canadian tv! Lol
http://www.nasdaq.com/symbol/nak/institutional-holdings
35 Institutions increased their positions
15 decreased
Net increase in holdings 5 mil shares +
16 new positions vs 5 sold out - net increase on 7 mil shares
This kind of information carries more weight in the market as most of those with some basic experience know!
All the best!
This is what they call the smart money
Seems like this guy is basically repeating Kerrisdale's comments which have been proven false here
http://www.northerndynastyminerals.com/ndm/NewsReleases.asp?ReportID=778879
Company says 4bn in capex, Kerrisdale used the same numbers as this person with no backup, no mining knowledge, never visiting the site or knowing how to read a 41-101
Most longs choose not to go down the path of given those who "make up data" like Kerrisdale with no supporting evidence much time
Again, the company refutes these claims in their recent PR
I would suggest actually reading it
It will move on the veto lift
If anyone actually believes a partner who can assses mine risk and "proper" environmental risk won't want in here after 750 mil has been spent for them , well that's absurd
Real issue for the market is veto removal / partners are easy to find at that point
I was alluding to a notorious one here
I guess a recent post suggests team short is switching sides and going long?
Thoughts other NAK longs?
Yes, old fake news! Read facts from the company
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=128825021
Glad to help out again! Kerrisdale was refuted a while ago!
Haha!
More junk law suits hey? Really no need to keep posting this info since we all know the lawsuits are garbage
All of this has been explained in my previous posts and Won't do anything to the stock price since we all know it's part of the Kerrisdale scam
I have a Question, do these guys have a real office? Or are they operating out of a convenience store like one of the other law firms? Or the trailer or virtual office? Have you checked any of these ones? Some other law firms involved in these so called "class actions vs NAK" don't even have real offices at their posted addresses!
Someone on sticktwis mentioned one of the law firms doesn't even have a website!
I guess not having an office you don't need a website!
SmH
In your list two will come before three
Company needs partner prior to permit process as there is a lot of costs ($150 mil)
Stated in a PR and expect to have a partner near to mid term (by Q3) as per PR
Well that's nice. No one is here to convince you to do anything actually
Most longs just prefer sharing factual information that isn't "an attempt to convince" , generally its shorts who pull that nonsense, you know fear mongering and all about things like fake lawsuits?
If you click my name you will see i have posted extensively on this and have shown
A number of these "law offices" if you google earth their address are in a convenience store, a trailer park, and a virtual office- generally legit law firms don't operate in such places - perhaps that's just my take on it? Loll
Appreciate the effort to keep raising nonsensical lawsuits but we longs put it to bed a while ago
Click my name and read the past posts
Good luck!
I would think so. Im not sure of the legal ins and outs but it would take some "lawyering up" I would think
I don't think it's as easy as just saying lift the veto- then again that's just a guess
Thanks knew it was coming but didn't know they made it official yet
Positive news it will get reflected eventually
As I said, veto matters more short term
I would agree with that. Right now we're stuck with a lot of misinformarion and people / groups gaming and trading the stock
Facts will matter at some point and when they do the shorts if they are still in will learn
I have continued to add on weakness as I don't believe anyone can "time the market"
But we've all seen stocks that undergo a transition from games and heavily shorted to facts all of a sudden mattering
I am postioned for that and patient as it will come - too much resource value for it not to
At that point, I'll be very happy to be on the right side of the trade, those gaming will not!
Where do you see that? Do you have a link? Noting on the WH executive action site right now
What matters is the lifting of the veto which we will get
The WOTUS rule will take time but it also sends a signal regulation wise that this will long term also not be at risk
Key items to note
1. NAK never had their mine plan even reviewed - the Militant in the EPA that subsequently ran when subpoenaed over it, blocked it with the veto
2. The company stated they can build within existing regulation- many mines exist in Alaska
3. I think it was Anglo put in 500 mil into this project and walked because of the veto nothing else - clearly they know mine plans and environment constraints- you don't sink 500 mil in a mine that you think won't pass if given its "fair shot" or is uneconomical
4. Moreover, look up clean concentrate. That's what the ore is here, it's actually "cleaner" of toxic junk more than most mines
The preventing of this mine was all because of militant enviros at the EPA and not facts
It's sad that Alaskans who are struggling missed out on 10s of thousands of jobs, tax revenue and a better life as our authoritarian democratic government protected them from themselves by sitting in their expensive homes and eat expensive pacific Salmon while Alaskans couldn't even feed their kids
Shameful - it will go ahead and WOTUS revocation just ensures it won't be killed in 4 years
Huh? The "fake" law firms don't sue NAK
1. Can we put the lawsuit crap to bed now? It's been quite obvious since I addressed the fact the same "law firms" were part of other Kerrisdale short and distort campaigns that it was garbage
2. Moreover, given their apparent "offices" it's even more obvious it's nonsense
3. Had the firms not been fake they prey on shareholder ignorance, they (again if they were actually real firms) can't sue NAK only shareholders could if they so chose. What a firm does is "ASK" shareholders if they want to file a class action - there is no lawsuit even with REAL law firms unless shareholders sign up for it
Hopefully you never see a scam like this again, but if you do hopefully you are more aware. Always fully read what people state in their PRs and websites- if you read it you'd see this is the case!
Good luck
Another office of one of our "class action law firms" here folks
Sorry but if you want to keep posting nonsense on a clear scam go ahead but people are well aware that these class actions are simply part of Kerrisdale's campaign
Indeed the exact same names have shown up on their past scams, only this time we're googling the offices
Reminder:
1 was in a corner store
1 was in a virtual office
This one looks like some sort of trailer?? Lol
http://stocktwits.com/ZOSUG/message/75765404
All longs be very very afraid - again "buyer beware" of law firms starting class actions in corner stores, virtual offices and trailers!!!! Lol
Company has said its economically feasible and has provided all their data publicly
Td and Gabelli use that data to determine costs to extract etc - that's all based on grade and location - type of mining to access the deposit etc
TD AND Gabelli say it's economically feasible
One of the greatest geologists in history (David Lowell- discovered worlds largest copper mine Escondida and more than a dozen world class economic mineral deposits) has an equity stake here and has said it's Economic. He's been to the site, has reviewed the company data that's why he inevested
Blogs or opinion matter little especially when they have
No data to back up a view
Come from people who are posting about law firms that exist in virtual offices and corner stores
It's fairly obvious given Kerrisdales hit piece and lack of any data / subsequent short collusion what is going on
Most longs are now aware of the real FACTS and are adding
Funny how to date no short or negative nancy has come out with any detailed analysis showing the mine isn't economic hey? Not even one sky is falling commentator has shared any MATH yet TD and Gabelli have! And they used MATH!
Why have none of our negative Nancy's shares such analysis? Because they have none! Lol so it's a baseless opinion to back up a short position. All fine and good, shorting is part of the market but not everyone is stupid enough to listen to such baseless commentary l!
Funny how a partner put in 500 mil to this project and walked because of the EPA veto not economics
This latter point was stated unequivocally by the company and the company that walked
Moreover, you don't spend 500 mil if it's not economical
Common sense often isn't very common
Other than to those of us who make money based on facts eventually mattering over manipulation!
Good luck!
Looking forward to selling this for a strong profit once partnership is announced
No catastrophic losses here sorry! I've been adding
I spoke with a couple of intuitional investors in this name, that's why I got in
They've done a lot of work on it and are mining experts not bloggers or message board commentators. They've been to the mine, seen the plans, and most importantly DONE THE MATH
They have an actual fiduciary duty to investors and see this as a great opportunity
I keep buying love that shorts are trying so hard and keep giving us cheapies!
TD AND GABELLI HAVE PRICE TARGETS OVER $5
These firms provide research to institutional investors and are global investment banks! Not random newsletter bloggers lol. Point here is that little thing called credibility!
These firms have expertise in mining and actually do math! Imagine that? They actually talk to the company, look at the resource information, cost out what it will take to build out the mine and value the co!
Unlike bloggers and message board they are experts who use math!
Sorry I choose to believe that experts who use math and know what they are talking about!
All are welcome to look up the price targets which are recent!
That's nice Did he share any math? Nope
TD AND Gabelli share math and they say it's worth over $5- smart investors trust them over bloggers and message boards since they "do the math"
Sorry! Some old man with no math, and random bloggers don't win over TD Gabelli and the Institutions who have been adding which all can check and confirm
Keep trying though! Lol
Indeed beware law firms with an address of a corner store
From stocktwits - one of the law firms is apparently here. See for yourself :
http://stocktwits.com/ZOSUG/message/75709065
Another was shown to have a "virtual" office.
I think buyers should really be concerned about law firms with non existent law offices hey?
They sound very legit!
Makes me laugh