Ouch!
Despite another record day on the stock market Northern Dynasty Minerals’ stock plunged another 27% after the exploratory mining company’s answer to a short-selling attack failed to produce a positive response from investors. This is after shares plunged 33% in trading last week after a report by Kerrisdale Capital, warned that “the upfront capital costs necessary to build and operate the Pebble Mine are so onerous that the mine isn’t commercially viable,” rendering Northern Dynasty stock “worthless.”
LINK (via: Motley Fool)
