Report 21: Fast Approaching
 

This Week:

46% of sales short 8/24/2017 + 8/15 Short interest 28 mil

46% of sales short 8/24/2017

8/15 Short interest 28.24 mil  (26.34 mil short shares on NAK + 1.9 mil short on NDM) 

8/15 short interest on NAK alone according to the WSJ was 26.34 mil vs 25.5 mil the 2 weeks prior.

Shorts have added to their position as our estimates suggested and NDM still had short interest of approx 1.9  mil shares as of the same date.

Thus, as of 8/15 SHORT INTEREST ON NDM AND NAK = 28.24 MIL SHARES- ALIGNED WITH OUR VIEWS AGAIN. 

We have seen additional strong shorting over the past 2 weeks and believe the number is closer to 30 mil as of today. Since our estimates have been relatively accurate (4 reports running), this we believe is a fair estimate. This is great news going into (assuming) positive news of strong JV terms, it could force some strong buying / squeeze.

On to today:

46% of sales were short today according to finra. Perhaps chartists stepped in today to short given the moves over the week but were met with continued solid buying

2.48 mil buys vs 1.7 mil shares sold Data Below

Daily Short Volume  

Volume 4.722 Million

Buys 2.478 Million

Sales 1.656 Million

Dark Pools 0.588 Million

Short 0.764 Million

Short as a % of Sales 46%  

Shares Sold By Longs 0.892 Million

50% Sales by Longs Purchased by Shorts 0.446 Million

Short Interest Add / (Reduction) 0.318 Million

Source: Trade Data Ihub/ Short - Naked Shortreport/FINRA

Northern Dynasty Minerals Ltd continues to elicit renewed investor’s interest in the wake of the Trump Administration’s lifting a veto on the development of the Pebble Mine. The stock was up by 10.88% in Tuesday’s trading session as the Environment Protection Agency rolled back restrictions on the development of the underdeveloped copper and gold mine.

Pebble Mine Development

Hopes that the Trump administration will do away with all the restrictions imposed by the Obama administration on the Pebble Mine may continue fueling bullish momentum on the stock. The stock faces immediate resistance at the $1.80 a share mark above which it could rise to May highs of $2.40 a share.

During the Obama administration, Northern Dynasty Minerals Ltd (NYSEMKT:NAK) lost a good chunk of its market value after losing two Pebble Mine partners, Anglo American and Rio. The company has already started to look for new partners in the wake of the EPA initiating the process to withdraw a Proposed Determination that prevented the development of the Pebble Mine Project.

Northern Dynasty Minerals Ltd (NYSEMKT:NAK) has also taken a number of key steps that it hopes will help reduce opposition from native tribes and advocacy groups for the development of the massive gold and copper mine. The steps are designed to reduce the potential environmental impact of the project while also giving voice to the opposition.

“We believe the project design we are preparing to advance into permitting, as well as the social and stakeholder programs and commitments we are building around our project, will address many of the priorities and concerns we have heard from stakeholders in Alaska,” said Northern Dynasty Minerals Ltd (NYSEMKT:NAK) President & CEO Ron Thiessen.

Pebble Mine Development Impact

The chief executive officer remains confident that they will have a partner by the end of the 3rd quarter. Fundamentally, Northern Dynasty Minerals Ltd (NYSEMKT:NAK) stands to benefit a great deal from being given the go ahead to commence mining operations at Pebble Mine.

There is also a possibility of the company being acquired by another company given the Pebble Mine potential. However, the Northern Dynasty Minerals Ltd (NYSEMKT:NAK) management has, on many occasions, insisted on pursuing partnerships instead of buyouts.

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