TraderItcha

NAK, ESG racketeering target

Long
AMEX:NAK   Northern Dynasty Minerals, Ltd.
Gold and cooper developer play. The mine is in Alaska and has a humongous underground resource that they could be developing, but for the ESG racketeering that they are getting hit with. This is a potential strategy that major players use to acquire interesting take out targets; get the environmentalist useful village idiots to halt the project's development until current owners bleed out all the cash they have, buy it out on the cheap once they are broke and pay off the environmentalists and govt agencies.

The company has recently hired a new ESG person for their board of directors. Given the size of the projects reserves if investors get even a whiff of the ESG crowd backing off the company's value gets sent way high up. We are at historical support prices and this stock looks like a prime target for a short squeeze and some liquidity mining with a positive news press release.

trader itcha
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.