Northern Dynasty Minerals (NAK) And The Trump Tales
The Street Sweeper’s Blog, 09 February 2017
Northern Dynasty Minerals (NYSEMKT:NAK) may be using Trump tales to hook investors. The company appears to be allowing distribution of extremely aggressive and possibly misleading news – even suggesting the new administration has “a desire to permit” Northern’s stalled project. These claims appear to be nothing but hype used in an effort to pump up the stock.
And it’s working. The stock darted upward about 75% after a couple of key stories hit in late December and January, spreading misconception about Northern.
Northern wants to mine copper and gold deposits along Alaska’s Bristol Bay watershed which supports the world’s biggest sockeye salmon fishery. But the “Pebble” project has been stalled for three years amid a firestorm of opposition and a lawsuit with regulators. Northern sued the Environmental Protection Agency in 2014 after the agency used a rare veto initiative to block mine construction before the company had applied for a federal permit. Northern lost its funding partners a year earlier after half-a-billion-dollars in costs and permitting problems.
