NEW YORK, Feb. 14, 2017
NEW YORK, Feb. 14, 2017 /PRNewswire/ -- Kerrisdale Capital, a private investment firm, has released a report on Northern Dynasty Minerals Ltd. (NYSEMKT: NAK), a US$1.1 billion Canadian mining company that owns an undeveloped copper and gold deposit in Alaska. Kerrisdale believes that Northern Dynasty is worth nothing because its key asset is not commercially viable, which is why four major mining companies previously involved with the mine have abandoned it, by dumping shares of Northern Dynasty they'd previously bought, gifting shares to charity, or, in the case of Anglo American, simply walking away from their 50-50 partnership with Northern Dynasty even after sinking more than $500 million into investigating Pebble's prospects.
The full report can be found at http://kerr.co/nak.
Kerrisdale has a short position in Northern Dynasty and stands to benefit if its share price falls.
Conference Call Schedule
Kerrisdale will host a conference call on Tuesday, February 14, 2017 at 10:30am ET to discuss the Northern Dynasty report.
To participate in the conference call, dial 888-567-1602 (US and Canada) or 862-255-5346 (international) and reference the Kerrisdale Capital call.
About Kerrisdale Capital
Kerrisdale Capital Management, LLC, is a fundamentally-oriented investment manager that focuses on long-term value investments and event-driven special situations.
Kerrisdale Capital Management, LLC is a member of the Financial Industry Regulatory Authority, CRD number 160804.
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SOURCE Kerrisdale Capital Management, LLC