February 17, 2017 / 3:36 PM / in 6 months

BUZZ-Northern Dynasty Minerals Ltd: Refutes short seller's claims

** Miner's U.S.-listed shares up 7.1 pct at $2.42; Canadian shares up 7.4 pct at C$3.20

** Company hits back at hedge fund, Kerrisdale Capital, which called the company "worthless"

** Says claims have "numerous misstatements" and "deliberate inaccuracies"

** Kerrisdale, which is short on the stock, called capital costs to build Northern Dynasty's copper mine in Alaska "onerous" and commercially unviable

** Anglo American pulled out of the Pebble copper project in 2013, while Rio Tinto gave away its 19.1 pct stake in Northern Dynasty in 2014

** Up to Monday's close, the company's U.S.-listed stock rose more than fourfold, but lost 40 pct of those gains after the claims were made on Tuesday

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below