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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 spartexon Dec 09, 2018 10:04am
67 Views
Post# 29088578

RE:RE:RE:RE:Boo! Share Consolidation.

RE:RE:RE:RE:Boo! Share Consolidation.xplodecpo02 the link on consolidation you posted is specifically about a trading pattern that some stocks have which is in a tight range before breakout.  Often it includes quiet accumulation by buyers within this tight range as they anticipate positive future news (as NEXT initially believe it had last January on permit).  Now that news is still to come in the next few months hopefully.

Now regarding the share reverse split, that is what you had previously talked to Brent, and TrueNorth just recently did, and that is my understanding.  Only if market conditions were right, NEXT had their permit, and share price was moving up strongly (say 20 cents), they could reverse it 5 to 10 to 1, to bring price up to $1 to $2 dollars allowing fund managers to actually purchase them in their portfolio.  And I believe they will be relisted on the NASDAQ as it has a $1 dollar minimum price.

Good luck to us long waiting longs this coming year!
Bullboard Posts