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Northern Graphite Corp V.NGC

Alternate Symbol(s):  NGPHF

Northern Graphite Corporation is a Canada-based flake graphite producing company. The Company is focused on producing natural graphite and upgrading it into high-value products critical to the green economy, including anode material for lithium-ion batteries/electric vehicles (EVs), fuel cells and graphene, as well as advanced industrial technologies. Its mining operations include Lac des Iles, Okanjande and Bissett Creek. Its products include Flake Graphite Products and Porocarb Products. The Lac des Iles (LDI) mine is the only flake graphite producer in North America. The LDI mine is located approximately two kilometers south of Lac-des-Iles, Quebec, 110 kilometers (km) northeast of Ottawa and 180 km northwest of Montreal. The Okanjande mining is located in Namibia, one of Africa's finest mining jurisdictions. It holds a 100% interest in the Bissett Creek Project, which is located around 15 km from the Trans-Canada Highway between the towns of Deep River and Mattawa, Ontario.


TSXV:NGC - Post by User

Post by Palmer009on Jan 31, 2024 5:20pm
144 Views
Post# 35855868

What needs to happen @ NGC

What needs to happen @ NGC

This recent release is a nothing burger to me and I'm not trying to be a doom and gloom. It's simple why I don't like it, they're becoming obsessed with dealing out Royalties! I know they don't want to dilute the stock but before they know it, they'll be kicking out 30% of future revenues.  They need to stop these deals and focus on the following: 
1) Trim the Fat - Reduce overhead, especially in the IR departments. Take salary cuts everywhere you can. Maybe buy a Zoom subscription for 19.99 a month instead of flying Jets around the globe for intro meetings? 
2) Optimize Current Operations. Show the public that you can reduce costs at LDI by 20-40% while roaring up production. 

Do these 2 things and you'll be a much better position next year than what you are currently doing. 

 

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