Great Lakes Graphite Inc GLKIF

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Something to ponder

[Floridas2000]

BueBoy wrote: Absolutely true. Look at Glance Tech - 17c to well over $3 then back to 17c. In general terms most juniors have a weak balance sheet but the fundamental problem for Novocarbon compared to competitors is they have no security to borrow money against. It's a model that will work provided they have access to grants, insider money or can attract new investment PROVIDED they can then attract orders to generate cash flow before the money runs out. Each time it runs out it gets more difficult to raise more. Which is better? I still say investors will generally prefer a company with assets just because it provides at least a perceived security for their investment and a likely second chance if things don't work out the first time. With Novocarbon they will either sink or swim with no second chances. And yes, companies like Tesla will look for a long term secure supply chain and for that reason will think carefully before giving orders of any size to a company with a weak balance sheet that may not run the course. If Novocarbon were a miner then an off-take agreement is what I'd like to see, but they have no mineral assets of their own and so it's not an option here. I say again that's why I would like to see a strong partner getting on board to help them in the areas they struggle.

Understood, what you're saying makes sense.