OTCQX:NTTHF - Post by User
Post by
LithiumNPVon Jun 30, 2019 2:02am
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Post# 29876840
Foreign Exchange Losses
Foreign Exchange LossesI think the reason, in part, a major part, why NLC keeps collapsing is they don't know how to manage their currency. They keep losing 10s of millions of dollars each year on the foreign exchange losses. Inevitibly they will get totally creamed on the losing end of the stick since they have proven they don't know how to hedge their currency risk. This is a massive destruction of capital. Basically NLC will go out of business, and diluted down to nothing along with the Argentine Peso then a new business will take over to start development and building the plant. Too risky. I'm out. If it was in a safer jurisdiction I would be all for it.