Northern Dynasty Minerals Ltd (NAK) Buy or Sell?
One of the companies to have been in the news in recent weeks is Northern Dynasty Minerals Ltd (NAK) and much of that is due to its Alaska Pebble Mine project. That has resulted in a considerable rally in its stock as well.
Over the course of the past month, the stock has rallied strongly and delivered gains of as much as 80%. However, it should be noted that the stock has experienced considerable ups and downs ever since the United States Army Corps of Engineers rejected Northern Dynasty’s response with regards to environmental issues related to the above-mentioned project.
However, the rally in the recent days came about after Northern Dynasty announced that it lodge a request for appeal (RFA) with regards to the decision. In this regard, investors need to note that the rejections from the U.S. Army Corps of Engineers had almost been a death blow for the project in question.
That being said, the company’s CEO stated that the new RFA lodged by Northern Dynasty apparently contains strong arguments that suggest that the rejection from the Army Corps of Engineers may have been against the law. Hence, it is no surprise that the recent development has resulted in considerable excitement among investors with regard to the Northern Dynasty stock.
The RFA was actually sent by the company back on January 19 but the details of the same emerged around a week later. The RFA has argued that the concerns that have been raised with regards to the project could have been resolved if the company had been provided an opportunity to address them.
In addition to that, Northern Dynasty also asserted that in addition to not getting the opportunity to address the issues, the company was not even provided any explanation regarding the reasons behind such an action. Investors have sent the stock higher in the hope that the project might be resurrected. It remains to be seen how the stock performs this week.
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Many stocks have managed to record significant gains over the course of the past month or so, however, investors need to take a lot of factors into consideration before deciding on the stocks to track. One of the stocks that could be worth focussing on at this point is that of ParkerVision, Inc. (OTCMKTS:PRKR).
The ParkerVision stock has displayed considerable momentum over the course of the past month and soared by as much as 200%. The rally continued on Monday when the stock ended the day with gains of 26.67%. One of the major reasons behind the rally in the ParkerVision stock came about in the early days of January when the company filed an 8-K entry with regards to a material definitive agreement.
Back on January 5, ParkerVision announced that it entered into a securities purchase agreement with a group of accredited investors referred to as Exhibit 3.0. The agreement related to the sale of as many as 2976430 shares in the company’s common stock for $0.35 a share.
The proceeds from the aforementioned sale were going to be $1041750. However, that is not all. ParkerVision sweetened the deal further with a contingent payment to the investors which is going to be paid out from the net proceeds from the patent claims.
It is a significant development for ParkerVision and it was no surprise that investors welcomed the move. Back in November, ParkerVision released its financial results for the third quarter and reported earnings per sure under GAAP (generally accepted accounting principles) of negative $0.03.
It remains to be seen if the stock can continue to display the sort of momentum that it has displayed over the past weeks. However, it is likely that the stock is going to be in the radars of many investors this week and the rally on Monday could have been an indicator of things to come.