Northern Dynasty Minerals Ltd (NAK)

[stargazer123]

NAK just spiked higher.

NAK has been edging down for several days, BUT keeps having upward spikes, plus, in after hour's trading has had monster volume (beyond huge) trades at lofty levels.

All of this indicates that people with money are buying shares, then sitting back, and the average traders, on average volume, that don't see anything, because they haven't done any deep investigation of the company, are selling, and so the stock is drifting downwards.

We just had another spike in trading, and a big jump in price:

0.527 Change + ($)0.017 +3.3% Vol: 347,287

The stock may start to edge down again, but these periods of strength show that there is interest in the company.

Sellers here are going to regret it. It increasingly looks like the new governor of Alaska is going to be pro-Pebble. Permitting is progressing, and all indications are that the company is in talks to form a favorable joint venture partnership.

Buying, rather than selling, looks like the correct stance to take.