Stop Loss Sale (partial) posted
by Travis Johnson, Stock Gumshoe | February 14, 2017 1:54 pm
"Ouch," say recent Northern Dynasty speculators... what to do now?
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Source URL: https://www.stockgumshoe.com/2017/02/stop-loss-sale-posted/
FYI, Northern Dynasty has so far issued the typical “this short thesis is wrong and inaccurate” press release response and says they’ll respond with more detail by the end of the week. That has assuaged some feelings and stopped the bleeding for the moment, we’ll see what the detailed response from NAK is to the allegations, and whether this drop was enough for Kerrisdale or if they’ll respond to NAK’s response and keep the chain going.
This is the text of the press release:
I admit to a small holding in gold stocks but am wondering – if the doom-sayers are right about the fate of the world’s currencies (and, given the unsustainable amount of national debt by the nations of the world, they probably are) and their claim that gold will once again be the only viable medium of exchange, what happens if the central bankers, treasury officials and regular bankers get their way and the world shifts to digital currencies? We all know it is inevitable; governments now regulate or stop large cash transfers and large denomination bills are starting to be withdrawn from circulation in many countries (and even Citibank, preparing for the inevitable, no longer allows cash or bullion to be placed in its safe deposit boxes!) while the call for digital currency becomes more shrill. If financial transactions then can only be carried out electronically, will gold become nothing other than something for pretty jewelry and what will that mean for gold and gold miners??????
Oil is the currencyies standard and what will replace it is anyone’s guess. Is global warming due to fossil fuels? Seems the world would be concerned with the trees a little more, but rain Forrest are disappearing and we hear no foul. I just wonder if we as a world would go back to a gold standard. I don’t think so.
I closed out the NAK after reading the political side against the project in one of those “where there’s smoke, there’s fire” moments. The company did not address the political / environmental interests aligned against the project, including apparently, the people of Alaska.
$NAK has responded to Kerrisdale short report.
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/987-tsx/ndm/29436-northern-dynasty-minerals-refutes-short-seller-claims.html
Long $NAK
If NAK can secure the requisite government/environmental approvals they are still a very long way from a producing mine. And, production costs will be very high. This is a highly speculative play, but the massive reserves they are potentially sitting on are interesting. IMHO I’d wait for the stock to drift lower before I bite. a
Indeed very speculative play. That said, the odds of permits with the Trump win have certainly increased. Lots of jobs would be created. The new head of the EPA is a plus for NAK as well. They will at least get the EPA to review thier data. We shall see.
Long $NAK
Bt at 72 c and 86c. USD
Sold at $2.25 and 2.86 USD
Still hold some but pretty happy as I am in Australia so USD to AUD pretty useful.