Northern Dynasty Minerals TURNOVER UPDATE AND CRITICAL SHORTHello to all our patient and faithful followers of
Northern Dynasty Minerals .
it was another tortuerous week for all the the commodities ,where we saw GOLD bullion getting hammered and the shares with it.However NDM managed to put on 6,90% for the week.
Let's us now drill down to the numbers for the week ended 28/04/17 ,the turnover was weak in fact remarkably weak given the SHORT position,which we will see after these numbers.
NAK NDM
1,999,783 24/03/17 1,143,200
2,098,666 25/04/17 1,605,671
6,997,157 26/04/17 4,478,970
4,842,643 27/04/17 2,747,672
1,767,797 28/04/17 1,289,153
SUB TOTAL SUB TOTAL
17,706,046 11,204,666
PLUS PREV BALANCE
445,566,316 245,396,742
463,272,362 PLUS 256,661,408
719,933,770 DIVIDE BY 260,000,000
= 2,77 ***
***
REMEMBER THIS NUMBER AS IT APPROACHES 3
NOW an important word on word on the SHORT position.
I note that the short Interest has been updated by both exchanges and it remains elevated at ~ 27.4 million shares (22,600,550 - vs 22,679,257 two weeks ago - for NAK, and 4,844,810 - vs 4,915,422 - for NDM. This is >9% of our basic outstanding and a MUCH larger % of the adjusted free float).
What the above means is that the BEARS are playing Cat & Mouse here hoping that something crops up in their favour.....The other thing of course is that as we approach that all important number of 3 the shares are finding their way into stronger and stronger hands ....we have dispensed with the feeble weak holders and now all that is needed is a real positive announcement on the 5th May.
This will set the Cat among the Pidgeons and what we can hope for is a BID and a very HIGH OFFER.....
I hope you find this helpful and to those that have the long weekend off being MAY DAY ,enjoy
and remember to do your own due diligence and whatever you do don't listen to some of the filth that unfortunately gets posted here or the infernal idiots of the financial fraternity.
PS COVER YOU BEARS ,I HOPE YOU BURN YOUR FINGERS