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NextSource Materials Inc T.NEXT

Alternate Symbol(s):  NSRCF

NextSource Materials Inc. is a Canada-based battery materials development company. The Company has two operating segments, consisting of mine development and the exploration and evaluation of mineral resources. It owns a owns a 100% interest in the Molo Graphite Mine (Molo) located in the Province of Toliara, Southern Madagascar. The Molo Graphite Mine project is located near the town of Fotadrevo in the Province of Toliara, Madagascar. The Molo Graphite Mine is subject to a 1.5% net smelter royalty. The Molo Graphite Project graphitic zone consists of multi-folded graphitic strata at surface with an exposed strike length of over two kilometers. The Company also owns the Green Giant Vanadium Project, which is located 15 kilometers from the Molo Graphite Project and hosts a large sedimentary-hosted vanadium deposit. The 100%-owned Green Giant Vanadium Project is an advanced-stage exploration project.


TSX:NEXT - Post by User

Bullboard Posts
Comment by StoogeNo4on Jun 15, 2017 10:29am
92 Views
Post# 26365860

RE:RE:RE:RE:NextSource Materials: 100% Modular Graphite Mine in Madagasc

RE:RE:RE:RE:NextSource Materials: 100% Modular Graphite Mine in MadagascDon't forget that they were permitted to extract test material.  Their current permit severely restricts output.

Word has gotten out about the deserved thrashing they've been taking on Stockhouse.  They had to release an article with a big picture front and center of NEXT "mining graphite."  If the caption was intellectually honest, it would have said that they were mining for samples.  They don't have a full mining permit yet.  They haven't sold any graphite in relevant quantity (if they've sold any of it at all).  To me, it gives a desperate appearance.

This move (i.e., the PR) isn't surprising to me.  They have to respond somehow to the bad press they've gotten here.  And this bad press has big investors asking questions.  Their best response to the bad press here would be to obtain the mining permit.  So let's just stick to the real topic of conversation instead of attempting deflection, shall we?  Management?  Why can't you obtain a permit?

If the article is deemed to misrepresent NEXT activities on site by the authorities, managment will be held accountable.

Yet another reason for the major investors to group together and replace this BOD and management immediately.  Time is growing short.
Bullboard Posts