RE:RE:mine to market strategyMaterialsMan,
Don't you think we are all simply getting ahead of ourselves here?
Irrespective of the merely suggested nameplate processing capacity of 200,000 tpa suggested or whether it would be 200,000 tpa mined and processed graphite material or "BAM", this company simply doesn't have, at this moment of course, a actual joint venturing commercialization partner possessing the intellectual property, knowhow, experience, the proprietary process manufacturing methods and it's contributed capital which are all desperately required for NGC to jointly pursue it's stated vision.
We should always keep in mind that a letter of intent (LOI) or even a Memorandum of understanding (MOU) does not a actual jointly venturing "partner" make.
What's more, this company's operations have always been operated at a adjusted EBITDA loss since LDI was purchased.
A $6.8 Million loss announced today, this when knowing that for Q2 and Q3 the mine and the processing facility was shut down and all that was required was absolute minimal care and maintenance expenditures?
What's up with that Hugues Jacquemin & Co?
It's abundantly clear that "Sprott", Hugues Jacquemin, Gregory Bowes and the other C-suite members and BOD representatives are making out like bandits here; this whilst NGC "minority" shareholders quarter over quarter and year over year take it in the ear, so to speak.
To boot, I smell RSU awards coming. the more money this operation loses; the more RSUs would be awarded amongst one another for eachother.
NGC is trading at below book value per share of $0.22.
Just put a bow on this "female dog" and sell it lock, stock and barrel for $0.50 per share - i.e. if you can ever hope to receive an offer for a mere $0.50 per share.
Do it now I say. Do so before Nouveau Monde Graphite begins the commencement of construction on it's full scale graphite processing and full scale "BAM" process manufacturing facility at Becancour Parc and expedites the full throttle development and construction of one of the two largest, most advanced graphite mine projects on the planet, located within Quebec, Canada.
Heck, ask Syrah Resources Ltd stakeholders if they would agree to a merger.
Do so before Syrah Resources Ltd elects to buyout Mason Resources Inc instead.
That would make Syrah resources Ltd and Nouveau Monde Graphite partners in the expedited development of Lac Gueret graphite mine project.
Do something Hugues Jacquemin. Earn your pay and other related compensation. Stop dragging your assets whilst milking it like you stole it, so to speak.