Northern Dynasty calls JCap report ‘fatuous, flimsy and self-serving’
MINING.COM Staff Writer, 11 September 2020
In a report titled Pretend and Extend – The No Return Deposit, New York-based JCap this week accused Northern Dynasty management of “gaslighting investors” over its giant Alaska copper and gold Pebble project and said the mine plan “is on its face absurd.”
“We believe Northern Dynasty has crafted a money-losing mining plan to achieve government approvals. Since management is bonused on lobbying success instead of for producing minerals, NAK has no reason to care that the new plan is irrational: we think it will lose money, leave investors with a stranded asset, and be canceled anyway if Joe Biden is elected,” JCap said in its report.
Continue reading “Article: Northern Dynasty calls JCap report ‘fatuous, flimsy and self-serving’”
Novagold says potential class action amateurish, ignorant
Cecilia Jamasmie, 10 July 2020
Canada’s Novagold (TSX, NYSE: NG), which is suing short-selling firm J Capital Research (JCAP) for defamation, said a US law firm’s potential attempt to launch a class suit against the company on alleged securities fraud would be based on “malicious and false information”. Lawyers at Hagens Berman and Portnoy said this week they were investigating whether Novagold had misled investors about the viability of its Donlin gold project, in Alaska.
Novagold said the move by San Francisco-based Hagens Berman appeared to be entirely based on JCAP’s “tapestry of deceit” as well as “false and misleading statements” about the company and its 50-50 development partner in the project, Barrick Gold (TSX: ABX) (NYSE: GOLD).
Continue reading “Article: Novagold says potential class action amateurish, ignorant”