Hi all,
I just shared this with some of my blog-buds...who all have this one in their portfolio. There were earlier posts this AM but this is the update:
OK - it has been a $hitty day in the gold sector - and people are jittery. NBM started off ok - but then wallowed with everyone else (I think trading at .35, last I looked) I think people read the headline...but didn't read the rest... Here is a current "string" from ceo board (and explains why they went through all the hoops to get their factory in the location they have!):
@homeboy14 Excellent developments. Key location. Huge property incentives and lease discounts. Proximity factors to other EV and battery supply chain producers/ users are a huge plus for us. Unreal opportunity. Next steps. Construction and production. It’s going to be a year of growth! 5
about 3 hours ago @Horvat Look at that! Someone who actually read the news and not a headline 3
about 2 hours ago @nottobad who is selling into the bid @.345 and reloading @.355 ? 0
31 minutes ago @Goldberg R U all missing the most important factor? The gvt approved the land and construction. which is in the FREE TRADE tax free zone for export etc !! Tis larger than the massive point that they are just building the plant. Which is huge to progress this fast in itself. I get everyone wants the NDA’s to be revealed but this is huge progress financially and Korean gvt support expression. Two massive things, tax free trade zone approval and construction approval of plant by the gvt of Korea
Goldberg's comment...THAT is what we all are missing...the plant will be in the Free Trade Tax Free Zone. The ongoing implications of this will be huge for their international trading.
All for now. Don't sweat...buy more!
D