I've been trying to perfect my strategy on NAK for some time. Had a fair bit of success with discretionary trading. The thesis is very binary. World's biggest undeveloped copper mine plus lots of gold there. Highly politicized battle that involves the EPA, 2 groups of Native American tribal leaders - one who wants the mine for jobs, one who wants to block it mostly because they weren't sufficiently bribed, and the geopolitical consequences of mineral dominance in the age of AI. I think this mine will be tapped eventually. The question is whether the insiders with influence in the DOJ, EPA, and various executive administrations have a better path to enrich themselves by buying low or by bankrupting NAK and letting better connected friends buy the rights for pennies on the dollar in bankruptcy court and get paid for their help. The stock abounds in volatility and swing trading opportunities. Sentiment rides mineral prices and rumors. Valuation changes are minimal though compared to the valuation changes we'd see if it cleared the required approvals. A play where you'd feel a lot of regret taking swing trade profit the day before the EPA offered a settlement. Curious if anyone else has looked at this stock and how you play securities like this? What quantitative techniques lend themselves well to these plays? Alternative signals could be very profitable here.
