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.
Contact
Agnes Cao
Kerrisdale Capital
acao@kerrisdalecap.com
212-792-4385
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