RE:RE:RE:RE:Is Northern all smoke and mirrors? Gorilladome47,
When you call Hugues Jacquemin et al "incompetent at managing a public company and all that comes with it...as well under the premise of possessing the best graphite producing assets in the world RE the US IRA", you actually provide the lot of them with more of an excuse.
Everything they have individually and collectively done or failed to do was intentional and served their own purposes and the intentions of their lieges.
These NGC "Missionaries On Assignment" greatly overpaid for whatever assets they had "the company" purchased from Imerys SA, doing so whilst knowing full well that Okorusu processing facility couldn't sustain an economically feasable level of processing, due to insufficient water supply and any other required infrastructure supporting processing operations beyond a known capacity. This was know specifically by Hugues Jaquemin and not shared with NGC "minority" shareholders at the time of the purchase of these questionable and therefore worth less assets in Namibia. Such an intentional witholding of such important infromation is part in parcel of Hugues Jacquemin's bag of tricks; and let's not forget Greggory Bowes as well.
Compare what manuevers of nondisclosure for investors occurred with respect to Namibian assets with what the company's officers and directors did with NeoGraf Solutions LLC and also what Hugues Jacquemin et al did with regards to the Heraeus Group assets and "PorocarbTM" IP license.
These are assets which are clearly considered now as representing "a white elephant" and what is a not yet "commercially viable" "PorocarbTM" battery component materials coating additive candidate product.
Every puchase the "Missionaries On Assignment" undertake or expenditures undertaken simply amount to another mode of milking this company's remaining assets free of their host cash cow.
Do you not identify the pattern Gorilladome47? It's plain as day right there for all the NGC "minority" equities investors to take most specific note of.
The reason wy the NGC share price is now down below book value per share, $0.18, and likely headed to $0.09, which is 50% discounted to the company's book value per share, is quite simple.
Everybody and their cousins know that whatever would be interested parties would rather pick up the remaining asssets when NGC is made to hold "A FIRE SALE".
Whether such "A FIRE SALE" is to take place as part of any potential CCAA proceeding or is facilitated by way of the $100 Million base shelf prospectus offering of company equity to would be purchaser or purchasers of said amount of equity at a 50% discount to NGC's book value per share, $0.09, remains to be seen.
One thing is certain though. Hugues Jacquemin et al, collectively "The Missionaries On Assignemnet", are doing precisely as they and their lieges planned some time ago.