RE:RE:RE:RE:RE:RE:Decision on cylindrical battery production facilHello tinkvid. You could be correct as pertains to Martinrea International.MRE:TSX, as Martinrea has been on a good tear upward as of most recent 3 month period.
However, "the street" needs a lot more from NanoXplore before the weight would be taken off any further serious upward share price action. Correct.....but I can see why the 5 year plan, due in part of all the moving parts...(Nova Bus, Solmax, SMC, Plastics recyclying, Tooling, XG Sciences acquisitio/integration, Molding Products LLC, VoltaXplore, Caterpillar....etc Waiting to see Q2 before I make anymore equity purchases but am liking the way both MRE and GRA markets are firming up.
Clearly, whomever took advantage of the last most recent recovery in the GRA share price, from $2.15 or so on Dece 20, 2022 to $3.21 or so on January 11, 2023, obviously did very well - wink wink, nudge nudge Mr. Soroush Nazarpour &Co..
Never the less, NanoXplore representatives need to demonstrate NanoXplore's provisioning of clear and unambiguous "tangible deliverables" for "the street" to take in and digest, in order for the institutional shareholders to take a much greater interest in NanoXplore. Insider purchases were during Prime time tax loss selling so as far as I am concerned they were opportunistic....I sadly was not as opportunistic as they were but thats the way the ball bounces for me!
Irrespective of how a previous recovery of the share price up to $3.21 was had, NanoXplore would find it difficult to be allowed to move beyond $3.21, i.e. unless and until (as I say ad nauseam) unambiguous and successfully attained "tangible deliverables" are publicly disseminated for NanoXplore shareholders and the greater investments community at large. The share price can move on low volume, its proven that but it certainly seems there is a lid on its upward movement.....lets see what Q2 brings
The short covering you refer to really only suggests the possibility that good quarterly financial results could help to have the share price temporarily move upward during a very brief interim period and that some of those parties previously selling short GRA shares simply are covering for the next 7 days. Previous 2 quarters were actually pretty good in my opinion....But what do I know
Should the Q2/2023 financials be adjusted EBITDA positive (and not just barely so tinkvid), Mr. Nazarpour &Co. need to follow through on such a would be positive quarterly financial report with - yet again - the company releasing news of some successfully attained "tangible deliverables".
It's that simple tinkvid. Easy to say and just so hard to do for NanoXplore.
Current supply chain, employee commitment, worker shortage has wreaked havoc on the world....NanoXplore navigated ok considering in my opinion.
What's more, you can't blame me for somehow expecting the possibility being that should any upward share price action ($3.24 to $3.50 or so) be established during the interim period before the Canadian Federal Government spring budget being publicly disseminated, the company may very well suggest that "at these share price points we feel it is now acceptable to undertake a required capital raise of anywhere from $_ _, _ _ _, 000.00 to $ _ _ _, 000.00.
Pray tell. Exactly at what price was the last most recent bought deal capital financing undertaken?
What's more, when Mr. Nazarpour suggested that 'the company doesn't plan to undertake a equity offering at then current share prices', could Mr. Nazarpour have intended to somehow suggest that the company would only undertake a equity offering at a established share price point no less than the established share price at which the last most recent bought deal equity offering had been undertaken tinkvid? Will reassess after Feb 14
Yes. Yes. I know Mr. Nazarpour also suggested that any expenditures to accomodate the requisite investments in the discibed 5 year strategic business development investment plan are likely to be undertaken during the back half of 2023, if believe.
Clearly, we all better hope Mr. Nazarpour & Co would be releasing news of several quite serious and successfully attained "tangible deliverables" by then.
Otherwise, the NanoXplore share price really wouldn't gain the unambiguously wide spread equity markets and specifically institutional investors required support, in order to potentially undertake the size of equity offering which could be contemplated during the back half of 2023.
You, tinkvid, know that I've placed my bet down here with NanoXplore (one of three of my trifecta of Quebec, Canada based equities issuing and competing thoroughbred horses, so to speak). The Key in my opinion here is Martinrae Intl. I am watching them very closely.....I sold half too early but not complaining.
You also know that I've called for a nearer term $5.00 NanoXplore share price and you know by now why I expect such a minimum $5.00 share price to be realized sometime either before or immediately following the Canadian Federal Government, finance minsiter and Deputy Prime Minister releasing the coming spring economic budget during April. $5.00 could infact happen....Anything can happen here and I am ready to accept the outcome after Q2 released.
It's either then or sometime just before and/or immediately after the Canada Growth Fund's government appointed 'investments management" representative is appointed and actually begins disbursing all that "CGF" centric investments capital.
We know this is to be done by way of capital investments undertaken on the part of the "CGF", whether they be debt centiric, preferred equity and/or common class equity kinds of capital investments.
These are investments which are to be "placed to work" in greatly financially supporting all the "previously selected" critical elements bearing lands developers and actual Canadian based critical elements miners; this obviously in addition to certain battery materials developers, processors and manufacturers and certain "clearly Canadian" graphene battery materials enhanced battery cells manufacturing and North American wide supply chain sustaining Canadian companies. This is an exciting time to be in on GRA
Did I say Canada, Canadian Government, Canadian, Canada Growth Fund, capital capital investments, etc., enough times tinkvid, lol. LOL, not enough, Keep saying it....April is getting closer!