RE:New report claims delays in Namibia..wonder if SP is reflectHello Ogopogo007.
You are likely referring to the intent, all along, to move the processing plant to the Okanjande Project minesite, in order to save ore trasportation costs.
That was a known delay and had already been somehwat baked into the share price well before this latest surge upward to circa $0.63 and now the collapse down to $0.50.
I'm not suggesting it had no impact on the share price recently, just that the overwhelmig impact on the share price recently was, in my opinion, due to the intentional lack of specifics entirely relating to the company's recently announced option to purchase 50.1% voting interest and 33.3% equity interest in and up to 100% outright ownership of NeoGraph Solutions LLC.
The "complete the transaction in a capital efficient manner" language employed by NGC management, coupled with the involvement of both Edgewater Capital Partners, as only recently acquiring NeoGraph Solutions LLC intermediary controling "stakeholders", and the involvement of Sprott Capital Partners LP representatives . . .
Suffice to say, that and the intentional lack of costs and transaction value specific information, as relating to NGC's option to purchase agreement, very much told everone and their cousins that the upward NGC share price movement jig was up and also suggested the recommenced prolonged downcycle of NGC's share price was to be again etablished.
The NGC short sellers are likely coming back with a vengance and noone with a relatively larger NGC shares position wants to be caught in the way of all that, eh.
The NGC short sellers et al. will let us all know when they are done and when they are ready to slowly move the share price upward again.
In the meantime, I suspect selected Edgewater Capital Partners intermediaries and those operating on behalf of Sprott Capital Partners LP are going to, perhaps collectively, shake this NGC shares tree quite hard and perhaps for a prolonged period going forward.
When private equity capital investments management corporations like such Sprott and Edgewater, are provided a firm hold of your equities issuing enterprise, we all know what has to happen first, i.e. a NGC "minority" shareholders capitulation driving event and subequent orchestrated events.
In my opinion, this NGC enterprise is now clearly being turned into a cluster Ef you See Kay.