"The Missionaries On Assignment" and a $0.17 NGC Share PriceYou want a story to tell and have spread about on behalf of NGC Hugues Jacquemin et al?
Well then, here's just a wee introduction to some information which can now be included within the specific storyline for you to promote to would be equity investors "victims" of this NGC group of "Missionaries On Assignment".
By the way, GripnRip, when you foolishly suggest there are 8 more years of graphite which has been found by way of exploratory drilling within the existing pit at Lac des Illes, you wholly misrepresent the facts as they stand.
That's a merely proposed 8 years of not as yet sufficiently "proven up" and therefore actually not yet defined as graphite reserves GripnRip.
Also, that historical graphite reserve at Lac des Illes will be depleted, all that graphite material will be out of the ground and such graphite inventory would likely be called for before the end of this year.
At that point, NGC officers and directors know there wouldn't be anything mined at Lac des Illes and will therefore not be able to claim that NGC is the only North American miner of graphite, this when trying to entice any equity investors or capital financiers toward providing the massive amounts of capital required going forwrd.
Tic-tock Tic-tok goes the clock GripnRip and Messrs Bowes, Jacquemin et al.
"The Missionaries On Assignment" have made sure that the NGC share price was taken down to book value per share price; and today, it's one cent below that $0.18 marker.
We note the option to purchase part of or the entirety of NeoGraf Solutions LLC equity from a group of financial investors being merely represented by Edgewater Capital Partners, is about to expire for a second time now.
I suspect we are either about to have our respective equity investment value massively and materially diluted in order to in part or in whole and in some specific way excercise said option or perhaps the entire kit and caboodle is about to be taken by the creditors ("SPROTT") currently owed all that capital, along with the interest owed of course, which had previously been provided for NGC when purchasing these now greatly cheapened assets.
We understand that the slowly depleted inventory of mined graphite material is not sufficient to cover all the monies owed to creditors; hence all NGC assets would also be subject to perhaps necessarily being liquidated or transferred into the posession of selected corporations, in order to satisfy the outstanding debt owed to NGC's financiers, namely "Sprott". Such creditors would also include that company which Greggory Bowes has been "a consultant" to for a while now - perhaps the "backdooring" of some of the asets for himself or those he provides "consultations" for?
I doubt "Sprott" is very happy right now with this particular investment.
I expect "Sprott" is urging Messrs Bowes, Jacquemin et al to in some way undertake a massive and material and necessarily discounted equity offering involving Edgewater Capital Partners; this in order to provide "Sprott" with all those deal making fees, underwriting fees and also in order to allow NGC to secure the massive amounts of capital required going forward, when under the full equity control of Edgewater Capital Partners et al of course.