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.

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Northern Graphite Corp > Tragically Hip's new song! "Northern Graphite is Sinking"

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Post by Palmer009on May 01, 2024 1:17pm

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Post# 36017729

Tragically Hip's new song! "Northern Graphite is Sinking"

My goodness, Hughes has obliterated this company over the past 3 years. $69MM in deferred revenue obligations + a $15MM (CAD) secured loan with Sprott. Meanwhile, 2023 overhead chewed up over 50% of the gross revenue.
In all honesty, how do these guys make it out of this situation that Hughes has put them in? Jokes aside, they need to double their revenue while cutting operating and G&A costs by 50%. Damn I got swindled here and should've known that the CEO has no idea how to run a company. Maybe I am missing something. Does someone know something that I don't?

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