You have to have a mine before you can have mining revenue.
And you have to have a plan and some financing before you can build a mine.
NAK has none of the above.
In less than two months they will be out of cash. A delisting is looming in the future.
There will NEVER be a mine a pebble.
They had $12.6 mil cash at the end of June and reported $7.3 mil cash at the end of Sept. A burn rate of $1.76 mil per month. That gives them 4.13 months of cash. If they can't find additional financing by February 2015, it's lights out for NAK.
There will NEVER be a mine at pebble.
great investment….lol. The money made here was drilling thousands of holes in the ground for nothing
but the drill crew wages and helicopter pilot and rental…#$%$ away stockholder money….A total CON!
Another bagholder with no understanding of what they bought.
My advice is to sell before they delist the stock.
There will NEVER be a mine at pebble.
I agree that EPA has overreached on projects, but that is what the EPA's job is protecting
the environment without any consideration to jobs or the economy. EPA does have a lot
of voters backing the EPA, but may have lost some support indicated by the recent election
throwing out the Democrats who talk out of both sides of their mouths.
Perhaps, major problem is the EPA.
As I said before, for NAK to be able to mine it might mean a replublican appointment for the person in charge of the EPA.
This would mean a replublican president.
So, at the very least we are talking about year 2016/2017.
This is also assuming that the epa will then allow nak to file mining permit application and that those permits are accepted.
Wow.... A lot of ifs.
Been a while. Hope life is going great for you and the family.
The board sure has changed. When do you think we'll get our apology from the haters?
Another pump monkey trying keep the glasses of hope filled for the bagholders.
Instead of fantasizing that a Republican Senate will save NAK's bacon, why not tell the truth?
All of NAK's partners and major stakeholders have bailed. Even at the current price, nobody is stepping up to jump on the deal of the century.
The company is burning cash. It's only a matter of time before they delist to save money. But the ever hopeful bagholders will do nothing because the Republicans are going to rescue them from the mean old epa.
The people have spoken: There will NEVER be a mine at pebble.
A Republican win in the Senate definitely serves as a telltale sign that the people are sick of overreaching federal government and want State autonomy restored … all of which bodes well for NAK. However, not to the extent some may think and not for the reasons you cite that “mining-friendly policies are on the way.” I believe legislative politics will only have a minimal positive effect on NAK share price. NAK share price will remain extremely volatile and a feeding trough for the shorts until a major shift in power occurs … and that means a Republican Presidential win in 2016.
I don’t believe Republicans will openly or aggressively promote mining-friendly policies prior to heading into the next Presidential election … the stakes are too high. I believe Republicans will carefully choose their battles and stick with bigger picture issues that get the most votes (i.e. Obamacare, ISIS, Ebola, Economy, Jobs, etc). In the same token, given the growing negative Obama public sentiment, I also believe the EPA will be particularly careful to avoid abusive authority and political hot button issues over the next two years. Political grind-lock is not necessarily a deal breaker for the mining community and should not be the basis of a long-term investment decision.
The critical questions to ask are whether NAK has a feasible mining proposal ready to roll-out that “indisputably” complies with existing Alaskan permitting standards; and is financially solvent to sustain minimum corporate and site operations until the next Presidential election. I believe they do; however, investing in NAK is only for the strong-bellied and who can afford to wait it out.
Once Anglo backed out of 50/50 financing, the nails began to hit the coffin. When Rio Tinto GAVE their stake away, that told me they see the value as 0. I was once a big believer in this company, billions of pounds of copper, gold, moly. Right here in our backyard, was a great pitch, I got fooled, many did get fooled. That was when stock was at 8-12 dollars. Your playing with a penny stock with no financial backers, no industrial support for the project any longer. I havent read any of their filings lately, but if you look at their cash burn rate, and current liquid assets, you will be able to find a good approximation of the bankruptcy date.
Sentiment: Strong Sell