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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (162482)9/10/2020 6:03:30 PM
From: Julius Wong1 Recommendation

Recommended By
Snowshoe

  Read Replies (1) | Respond to of 218621
 
Northern Dynasty 'gaslighting investors' in Pebble mine promotion

* Northern Dynasty Minerals (NAK -2.4%) rips a negative report issued yesterday by short seller J Capital Research "fatuous, flimsy and fundamentally self-serving."

* In its report, JCap accuses Northern Dynasty management of "gaslighting investors" and says the company's Pebble mine plan is "on its face absurd."

* "Since management is bonused on lobbying success instead of for producing minerals, NAK has no reason to care that the new plan is irrational," JCap writes.

* "We believe that the deposit cannot be mined profitably and that mining majors Anglo American and Rio Tinto know that," the report says, noting the two mining majors previously pulled out of the Pebble project.

* Northern Dynasty shares have been especially volatile in recent weeks amid doubts about the company's ability to secure the necessary approvals for the mine.

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