RE:$300 can take market cap down almost 7%Now that NGC hired these "professional promoters" - as accompanied by their employed social media minions et al of course -, perhaps we could expect the NGC share price could perhaps be made to recover?
Although I wouldn't be holding my breath for that to happen.
After all, what has really changed here with Northern Graphite Corporation?
- This company's management operate a unprofitable and nearer to end of life LDI graphite mine which is going to need a heck of a lot more money spent toward seeking to extend the Lac des Illes mine life going forward; and that's likely going to represent a exercise in NGC minority shareholders equity dilution going forward.
The Mousseau West and East graphite property won't see the required further development there soon; and we all know that project's development is going to require a heck of a lot of capital to even get it off the ground.
The Namibian graphite project is at a standstill, with no major investor in sight to help with all those expenditures . . .
What is increasingly looking like that "pipe dream" of a Baie Comeau project (what a shame) is certainly missing a joint venturing commercialization partner and proprietary graphite spheronization, coating and purification process manufacturing technologies provisioner and a capital investor.
Those representatives on behalf of the Government of Canada and the province of Quebec are seemingly in no real hurry to send any capital grants, loans, etc., toward supporting the necessary furthering of those NGC projects soon; and both governments are, as Hugues Jacquemin suggested the company was, "in no hurry" to help Northern Graphite Corporation progress forward this year and perhaps not next year either.
Need I go on?