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Northern Dynasty Minerals Ltd T.NDM

Alternate Symbol(s):  NAK

Northern Dynasty Minerals Ltd. is a Canada-based mineral exploration and development company based in Vancouver. The Company’s principal business activity is the exploration of mineral properties. The Company’s principal asset, owned through its wholly owned subsidiary, Pebble Limited Partnership, is a 100% interest in a contiguous block of about 1,840 mineral claims in Southwest Alaska, including the Pebble deposit, located about 200 miles from Anchorage and 125 miles from Bristol Bay. The Pebble Partnership is the proponent of the Pebble Project. The deposit lies entirely within the Lake and Peninsula Borough, approximately 23,782 square miles of land. The deposit is a Copper-Gold-Molybdenum-Silver-Rhenium project. Its subsidiaries include 3537137 Canada Inc., Northern Dynasty Partnership, U5 Resources Inc., Pebble West Claims Corporation, and others.


TSX:NDM - Post by User

Post by Ohnoohnoohnoon Jan 11, 2017 7:54pm
467 Views
Post# 25696958

Maybe I am wrong but this Funding looks absolutely terrible

Maybe I am wrong but this Funding looks absolutely terribleI have been in this stock since November 9th and I have been very bullish on it. This new selling of shares makes me very skeptical of the company now because of the timing. The CEO has spoken with Myron Ebell (the EPA transitional head) so I imagine he has some idea of how he expects the new EPA to react concerning the veto. Given that they stalled the court case until March to what appeared like simply waiting for the new EPA to come in and remove the veto. Explain to me why they would decide to do funding now when all they had to do was wait maybe 1 month more and the share price would be signifcantly higher because it strongly appears the new EPA will remove the veto. Why Dilute the shares now which hurts the shareholders even more then if they merely waited. Also as I understand did they not  have the money to finish the lawsuit? The CEO also stated they had companies lined up to partner as soon as the EPA Veto was lifted? Given this info why did they sell that many shares if they expected the new EPA to remove the Veto and they had partners lined up? This doesn't make any sense. Could someone explain this? 
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