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Northern Graphite Corp V.NGC

Alternate Symbol(s):  NGPHF

Northern Graphite Corporation is a mineral resource exploration, development, and production company. It is engaged in the acquisition, exploration, development and production of graphite and other battery mineral properties. It is focused on producing natural graphite and upgrading it into high value products critical to the green economy, including anode material for lithium-ion batteries/EVs, fuel cells and graphene, as well as advanced industrial technologies. Its mining operations and projects include Lac-des-Iles (LDI), Okanjande, Bisset Creek, Mousseau West, and South Okak Project. The LDI graphite mine is located approximately two kilometers south of Lac-des-Iles, Quebec, approximately 110 km northeast of Ottawa and 180 km northwest of Montreal. The Okanjande graphite deposit, located approximately 22 km south of the town of Otjiwarongo, and the Okorusu processing plant. Its products include natural flake graphite, natural flake graphite for friction applications, and others.


TSXV:NGC - Post by User

Comment by Palmer009on Jan 20, 2024 9:26pm
57 Views
Post# 35837682

RE:Gov't visitors

RE:Gov't visitorsI am on the same page and would love to hold for 3-5 years to see how it plays out however a serious question that cannot be overlooked is how long can they afford to hang on for? Their overhead along with operating losses are not trending in the right direction and their equity dilution bank is getting tapped out. Can someone comment about their financing strategy going forward? They said they were not going dilute the stock any more but what IB's are going to fund this managment team given their performance these past two years? They keep mentioning government grants but that seems like pipedream and one I certertainly would not rely on. Also, what impact if any will running their LDI at 7 days week have on their cash flows? Lastly - does anyone know how thier operational staff is doing? I have heard rumblings that the staff at LDI and Namibia are not happy, which can't be good given their recent opeational targets. I know I'm pessimistic at the moment but these were all questions I was hoping they'd answer from the call and didn't. 
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