The company is Northern Dynasty Minerals, a junior mining company operating out of Vancouver.... NDM on the TSX. Matt Badiali of S & A Oil Report says the company has no debt and $40 Million in cash. Comments/cautions ???

Hey TV Guy.... It's my part of the world too. I'm from Victoria. I was wondering how many of us from the Great White North are represented here. (This is the first year in ages that even Victoria and Vancouver can be included in the GWN category--it's been a heck of a winter.) Your comments about the address are interesting.

Even though I'm new at this, I've learned to take most of these claims with a block of salt. But this one sounds especially interesting.

More of the spiel:

The value of the deposit has also been independently verified at more than $300 BILLION (at today's prices).

Three of the world's top 10 gold producers have signed partnership deals with the small mining firm that made the discovery.


"I've never seen a situation in the gold industry that could
potentially make you so much money."

and

"I've been looking at this Alaskan gold opportunity very closely over the past few months. In my 14 years as a geologic analyst, I've never come across a situation so amazing – both from a geological and an investment perspective."

Both quotes are from Matt Badiali, Geologist (and publisher of S & A Oil Report)

That seems like a pretty strong claim. It seems he's going even further out an a limbwith this endorsement than most of these guys do.

hey fellow Canuck....before I dip into the WHAT about this stock "tip"...let's check out the WHO

Sounds like this Matt Badialli character has a colorful history (??)
Below, I just pulled a few comments off the net.....
***************************************

Thanks for the link. I have been following Matt Badiali for two years on and off now. Everything I have come across points to a scam. For example...he claims to have worked on an oil platform, and thus has legitimate and educated knowledge of the oil industry. It can be noted that he was a photographer on a rig, for less than a month. He alludes to the fact that he is a phd, which he is not. He was in a phd program, which he did not complete. Badialis biggest claims concern the Green River Formation and the DOE's "Secret Report" which he came across under the Freedom of Information Act... If this document existed and were released under the FOIA, it would not cost $200 from Matt Badiali and would be widely available by now from people like ME... for free. The Green River Formation does contain enormous reserves of oil rich shale, but it is buried beneath thousands of feet of Very Difficult To Drill Through granite. To extract any of this "oil"... more oil laced rock than actual oil... would require more energy than it would provide. It would require a nuclear reactor to provide the energy to extract even small amounts of useable petroleum... hardly worth it, even at $70/barrel.


At 5:44 PM, SIDUG said…

I totally agree.

In April 2006 I received an unsolicited email from the above talking about untapped oil in Green River, Colorado, Utah, etc. and stocks were recommended which they claimed “will make you extremely rich” in a short time. The mail, as you’ve seen many others like it, shouted loud claims of investments of the century, the Starbucks of energy stocks, get 500% return in 3 months, etc. etc. I don’t need to go into details to describe it because it’s 5 pages long.

I wanted to try it so I purchased subscription to the “The S&A Oil Report” for $99.00, just to get the disclosure of the 4 “gem” stocks they suggested. And I purchased the 4 stocks they recommended in May of 2006:

Royal Dutch Shell (RDS.A:NYSE, US) 64.00/share
Gasco Energy Inc (GSX:AMEX, US) 5.57/share
Infinity Energy Resources Inc (IFNY:OTC, US) 9.00/share
Xcel Energy Inc (XEL:NYSE, US) 18.86/share

RDS-A stayed at between $60 & $70 for a whole year, until 2007/05, hardly a star performance. It then went up to the highest of $87.83 in 2007/10, then went down again and closed at $46.14 on Oct 15 2008.

GSX: since day one it dropped to around $2.20 for the whole year of 2007, lowest being $1.80 and the highest $2.75, then it slowly climbed to $4.00 before plummeted down to 83c on Oct 15 2008

IFNY: since day one it just kept going down, down, down. First to $1.78 in 4 months(2006/09), then to 28c in 2007/05, and finally to 45c on Oct 15 2008

XEL was the only one that showed some gains steadily going up to $24.67 2007/03. Then it dropped to 16.50 on Oct 15 2008.

So here’s a recap of their performance:

RDS-A: one year = 0%; 2 years= –28%
GSX: one year = -50%; 2 years= –85%
IFNY: 4 months = -80%; one year = -97%; 2 years= –95%
XEL: one year = +30%; 2 years= –12.5%

Can performance get any worse than that? I can close my eyes and choose 4 stocks at random and get better results. Even a monkey in Cambodia can pick 4 stocks and break even in 2 years. And these are so-called experts in their field, this Matt Badiali or S&A and whoever they call themselves. I just noticed that the first 3 letters in Badiali is BAD. Why didn’t I see this in the beginning?

So for all of you who has received emails from S&A Oil Report, or Matt Badiali, or Stansberry & Associates, BEWARE! These people are either crooks that work for stock promoters, or they are morons whose stocks are losers 4 out of 4.

Hey What.....not my opinion on Badialli (area is not my interest anyhow)....just what I dragged up. Hope it "helps".

As you are aware, the whole reasoning for this site...is to distinguish the wheat from the chafe. Sometimes (often times) the chafe is the promoter or the author. The Gumshoe has taught as well.

Hey What....if you're in the Stickey Wicket or Spinnakers in Victoria....you can tip one for me !! :)::)::)

An article published yesterday or so in the Anchridge newspaper stated that there was a find, but that the Natives and fishermen are against the mine because of danger to river pollurion. The mine permit has not been applied for and won't be applied for until 2010, if at all. The earliest the mining of these minerals could start is late 2012. Because of costs involved, building of a dam, protest of locals and business, and location to the city, people believe that this mine will not happen in the near future. I read it , but damn if I can remember where the post was, sorry, old age I guess. Just found it, Thread on gumshoe, Biggest New gold find right here in America.

rbcn

The comments on the Green River Formation were not made by TV Guy. Someone posted them on another website and TV Guy dug them up to use in his reply to me, making the point that the reputation of the parties making the claim ("Penny stock uncovers "biggest gold deposit in North America") is suspect.

The info in that link is almost 3 years old. Try this:

http://www.topix.net/content/trb/2007/08/1-5-million-payback-ordered-in-sec-suit

Posted a year ago here:

http://oneguysinvestments.com/gumshoe/comments.php?DiscussionID=865&page=1#Item_20



First edit:

Very interesting.........the first link I posted above (originally posted by the Gumshoe in post #2 of the second link above) is no longer to be found.........."someone" has seen to it that it has been removed. In the second link, we discuss the outcome and ramifications of the fraud.

Note post #4 in the second link above where someone persists that the Stansberry fraud was "all smoke and mirrors", a put-up job by the government. Some people prefer to be ignorant and believe in fairy tales. The folks at Agora are more than willing to oblige.

i read that the ceo of AU visited the site recently. One would assume he is offeringassurances, mitigation, and regulatory cooperation to the state of alaska.