There's been a lot of criticism of Northern as a whole here, which is not without merit. But we need to separate the market opportunity from the management.
THE MARKET
There's no denying that the graphite market outside of China is catching fire, thanks in the most part to China itself. Putting in restrictions, putting out bottom prices EV vehicles, and overall presenting themselves as cornering the critical minerals market, which they are. Battery manufacturers are freaking out, EV manufacturers are begging western governments to give them a break, and governments themselves are trying to figure it out.
Then there's Canada. Spending $45B on two EV plants, $10B on batttery manufacturing and Lithium.
A total of ZERO dollars spent on graphite mining,and anode manufacturing.
The Problem: Soon those EV/Battery factories will be completed and they will be sourcing their materials from somewhere other than Canada. A political nightmare for provincial and federal governments who failed to fund "the critical minerals supply chain" as they often say.
Answer: As the ONLY graphite producer in North America, both governments need NGC to show they are sourcing at home.
THE COMPANY
NGC is the ONLY graphite producer right now. Period. The only ones who can physically deliver product to the market. NGC has the assets, the product, and the ability to deliver like NO ONE else can.
THE MANAGEMENT
Have been telling us they have been working hard, going to many meetings, "lots of interest"...
BUT have utterly and completely failed to secure support from anyone in the EV/Battery industry, Canadian Government, American Government, and Institutional Investments.
Why?
There's no rational reason. I'm a shareholder because I believe strongly in the first two pieces of this puzzle, the market and the company. I have lost the belief that this management can deliver. And the reason why is because they haven't.
Not ONE completed LOI.
Not ONE political endorsement.
Not ONE large investor support group.
Not ONE.
18 cents and dropping. This should be a no brainer for anyone looking for a deal. This should be the greatest penny stock play ever. And if I were reading this for the first time, I'd be loading up. I speak from a position deep in the red. And yet I keep thinking that this company will rocket back and beyond the levels of the past. Because it can. And it should.
Come on management. Complete the puzzle.