Here's Why Northern Dynasty Minerals Gained Over 25.2% in August
Shares of prospective copper and gold mining company Northern Dynasty Minerals (NYSEMKT: NAK) jumped over 25% last month without any news. However, the move can be explained by knowing that investors are expecting significant news before the end of September -- and looking to get into a position before it's announced.
What does that cryptic wording mean? In a June 23 interview with Business News Network of Canada, Northern Dynasty Minerals CEO Ron Thiessen said, "I feel pretty comfortable that we can achieve a repartnering by the end of [the third quarter] of this year." That would be a big and necessary catalyst for the company and the stock, perhaps enough to push shares to new levels that held for the foreseeable future.
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Source: Fool.com
