GREY:GLKIF - Post by User
Post by
Coflyfishermanon Feb 28, 2018 10:52am
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Post# 27635939
Where are we going
Where are we goingPeople are losing sight of the reasons behind the halt and those for the name change. The exchange likely took note with the announcement of the sale of Lochaber to SJC and concluded that GLK was no longer a mining company. Well we have known that for over a year when GLK moved away from Matheson that getting out form Lochaber would be the next logical change. There has been no activity at Lochaber for years so no big surprise for me about the divestiture.
Management has made strategic moves to position the company for the high potential, high margin battery storage market (Ashland Purifying, Lab, Chasm nano carbon tubes, the Graphene relationship, etc.). Matheson and Lochaber no longer fit in the strategic plans of the company.
As for the name change to New Energy Metals and Minerals, the name implies that the company sees opportunities beyond “graphite”. They have assimilated high quality relationships in Ashland and Chasm. Let’s see what they have lined up!