A net loss of $6.8 Million ($0.05 per share)If they somehow manage to extend the life of the LDI graphite mine without necessarily giving this entire farm away, the way this is going this LDI operation simply would not achieve adjusted EBITDA profitability before it's milked dry; this due in greatest part to the expense of executive salaries and equity bonus awards.
Hugues Jacquemin stated "This added new vigour to our conversations with existing and prospective graphite customers, from EV battery makers to the industrial clients we have been supplying for over 20 years."
Here's the deal Jack.
You keep "allegedly" talking with existing and prospective graphite customers and/or those representing EV battery makers and existing customers, this while they will all simply be waiting to be able to attain what remains of NGC for a mere song and a dance.
By the way, nobody needs your so called experience in the graphite industry, i.e. not at the cost of slowly bankrupting a mining operation due to your respective salaries and other equity compensation awards.
If they lost 6.8 Million while the mine and processing plant had been on care and maintainance for the second and third quarters . . . Suffice to say Hugues Jacquemin et al are certainly milking this cow dry before they shift, shuffle and deal away - for a song and a dance to boot- what remains.
What a absolutely disgraceful print Hugues Jacquemin. You should all be ashamed of yourselves.