Northern Dynasty Minerals Ltd (NAK)

[daveblanchard]

If there is any chance of a big announcement before about a week from now, tomorrow (Friday) would probably be the day for it. Next Monday-Thursday would be unlikely due to too much competition from election nois...er, news. Next Friday is probably off the table also, due to election uncertainty.

If such an announcement were to be made, (and I have no idea one way or another), I guess it would be something positive concerning the mitigation paperwork, and it should result in a spike. If no such announcement is made, I'm guessing the stock will continue its slide tomorrow.

Should it happen to play out that way, then for the folks who bought the dip yesterday, there's your exit point all wrapped up in a pretty bow. Watch the ramp and when it falters, sell your piece and walk away smiling.

I would not recommend buying into any ramp tomorrow, because you will likely go underwater with no exit point available next week, or possibly for weeks.

I must stress again that I have NO IDEA if there will or will not be any such announcement. Just pointing out the possibilities. I'm not going to watch the market in the morning as I have no NAK left to sell, so there's no gain possible for me tomorrow. Just giving a heads up for those who might be in a position to benefit.