Many of my subscribers asked my view on Northern Dynasty (NAK), developer of the Pebble copper-gold-moly-silver deposit in the Bristol Bay are of southwest Alaska. I figured newsletters were pumping it. I owned NAK for brief period in 2004 before I decided I didn’t like the way it ‘smelled.’ Thirteen years later it smells just as bad.
I found out the Stansberry/Casey marketing juggernaut team was pimping NAK, as well as Martin Katusa and Rick Rule. Upon a closer look, I could not find one redeeming reason to own NAK. If I had looked at it when it was trading at $3.40 at the end of January, I would have put it in my Short Seller’s Journal (NAK is now at $1.61 and likely headed toward zero). I also knew Kerisdale Capital recently slammed NAK, but after the firm’s highly misleading and incorrect hatchet-job on First Majestic, I don’t trust Kerisdale.
This post was published at Investment Research Dynamics on February 24, 2017.
Follow on Twitter
Recent Comments