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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 bloomfield18on Feb 22, 2017 2:12pm
461 Views
Post# 25878486

No short attack

No short attackshortsqueeze.com is reporting 6,524,900 shares short, which is 2.35% of the float. That would be for a Feb 15 settlement date, and therefore a Friday Feb 10 trade date. So, could shorts have racked more up on Monday? The trading volume is not reflecting that. And all hell broke loose on Tuesday the 14th. There were thousands of puts purchased just prior to the news. Yet, these are options. You don't get squeezed on options, which is the whole point of purchasing them. That said, there could have been more action on Feb 13 then we are aware of. 

Nearly all the heavy selling were shareholders exited their positions. There are 295 million shares outstanding. That's a big herd. And when the herd stampedes, it can be impressive.

A word of caution to inexperienced investors. You have to do your own due diligence. Don't rely on message boards for research. There are plenty of useful sources out there. Even analysts often make mistakes. Their picks can tank even as they give a thumbs up. No one will care about your own money more than you. Whatever choice you make, be sure to follow it up with exhaustive research.
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