RE:RE:RE:RE:RE:RE:NGC Didn't Even Make The List Of CompaniesYou've made some valid points with respect to sp weakness fo graphite stocks in general MaterialsMan.
As pertains to China and it's impact on the price of graphite globally, I will say that China will keep on flooding the world with the supply of graphite in order to keep the prices low and to drive the graphite prices lower going forward.
A increasingly lower price of graphite being coupled with much higher project capital borrowing rates and less interest at the equity markets for desperately undertaken equity financing initiatives . . .
Suffice to say all that and much more makes it more difficult to gte any graphite relating project off the ground.
It does appear as though the various customers which NGC acquired along with the assets in question from Imerys SA are all simply content to allow NGC to wither away.
Apparently NeoGraf Solutions LLC stakeholders collectively couldn't care less to invest any capital with NGC.
I still wonder whether NeoGraf Solutions LLC itself is having serious financial difficulties and it's creditors and lenders desperately need NGC to provision some sort of a exit strategy for such NeoGraf Solutions LLC stakeholders.
What's more, you have to ask where those two holes drill core assay results are.
I suspect that even good news in such regard would be seen as bad news for NGC, i.e. finding a way to extend the life of the LDI graphite mine will require oh so much capital which no battery materials developer and manufacturer or battery cells manufacturer or even automotive manufacturer would provide because NGC has no validated and qualified spheronized and coated "BAM" component product to speak of. This is why NGC desperately needs a company exactly like Syrah Resources Ltd.
Mr. Huges Jacquemin &Co had better have already gotten on their knees and begged Syrah Resources principals to consider a initial purchase of a equity stakehold in NGC and Syrah undertaking a binding joint venture spheronized and coated "BAM" component product commercialization agreement with Northern Graphite Corporation.
Without a performance tested, validated and specifically qualified spheronized and coated "BAM" component product - obviously as qualified by or on behalf of said types of battery materials and battery cells developing and manufacturing industry players-, NGC is dead in the water and dead money.
Following and due to the resulting total cluster which NGC representatives attempted to undertake with Graphex Technologies U.S. LLC, a China based company's subsidiary entity, Syrah Resources is now in the position to save NGC and scoop it and the entirety of NGC's assets up for what NGC paid for them, circa $50 Million. Not a bad deal eh?