NORTHERN DYNASTY LATE TURNOVER REPORT AND COMMENT A thoroughly disappointing week for NAK notwithstanding the announcement sent to us yesterday regarding the permitting
stage etc.
I have included for the first time another aspect of trading not taken into account by most and that is the average volume throughput
per Trade.....This is important because the lower the number means that the market is still overactive on the trading rather than the
investing side it is in this atmosphere where the bears like to ply their manipulation on the downside as they have attention/backing of the retail
investors on their side which is that they areselling rather than accumulating.
Now for the important numbers including the averages.
NAK NUMBER OF TRADES WEEK ENDED 23/06 NDM NUMBER OF TRADES
1,952,103 3486 19/06 914,452 1086
2,781,033 7527 20/06 646,336 949
1,826,531 3881 21/06 600,528 880
2,106,016 5060 22/06 697,618 998
5,301,809 10,119 23/06 2,235,848 2559
13,967,492 30,073 464*** 5,094,782 6472 787***
688,618,120 <PREVIOUS BALANCES > 350,348,696
ADD THESE TWO + DIVIDE BY 230,000,000
702,585,612 WHICH IS THE FREE FLOAT. 355,443,478
1,058,029,090
4,60
The company says that they expect a partnership to be formulated by the third quarter....Therefore it is NOT unfair for us
to expect that partnership to take advantage of cheap shares which are currently on offer .
To explain the the THREE ASTERISKS above ...This refers to the average trade now taking place in Northern Dynasty's shares.
They are separated into their listings IE NAK & NDM .The figures 464 and 787 clearly indicate that the retail trade has no grip on their shares at the present time far too many speculators in the shares and this plays four square into the hands of the stockmarket operators who relish in time like these as they short the hell out of the company and they get the cheap shares back from the scared weak holders.
NOT UNTIL THOSE NUMBERS REACH 2000 AS AN AVERAGE WILL THE SHARE START TO GAIN TRACTION TO TO THE UPSIDE
This method is a tried and trusted one ,one which I have successfully used for years...................D Y O D D and have some sort \of confidence in what you are doing as a lot you guys out there will end up on the SHOULD'VE CART ........Oh if I only had patience you will be crying one of these days
APOLOGIES FOR THE LATE REPORT AS I AM TRAVELLING ...SEEING THE REAL WORLD
PS THANKS FOR ALL THE SHORT REPORTS AS THEY TIE IN WELL WITH WHAT I AM TRYING TO CONVEY TO YOU.