RE:RE:RE:RE:RE:RE:Is Northern all smoke and mirrors? Gorilladome47,
Integrity? I didn't specifically comment on integrity.
You suggested "I don't believe HUGUES or others has any purposeful intention of deceiving anything."
Without any doubt, my experience here with NGC informs me otherwise Gorilladome47.
Also, when you point to the current macro environment as something which would help to make NGC a profitably operated graphite miner, you provide Hugues Jacquemin et al yet another excuse.
Graphite prices had a period of relative strength not so long ago; and yet, what level of profitability was experienced by NGC on behalf of NGC "minority" equities investors during that recent period of relative strength?
We know the answer to such a question is ZERO, ZIP and ZILTCH in the way of profitability.
Since this company was leveraged by and on behalf of Greggory Bowes, Hugues Jacqemin et al and was made to become far too overburdened in purchasing those clearly overvalued assets from Imerys SA, that LDI mine has barely been in operation as much as mining operations there had been halted.
Even when the company's management borrowed more capital from the facilities provisioned by "Sprott" and others in order to restart the operation of the processing facility (according to statements made on behalf of the company, there is still no mining of graphite recommenced as yet), "the company" simply doesn't generate any amount of net adjusted EBITDA profitability.
You went on to state "We still need execution period. No more run way...execute now. "
What this company now needs is multifaceted, with one of such facets being $100 Million worth of necessarily invested capital.
It's likely the company's previous employed mode of raising claimed to be non-diltive capital by way of "Sprott" has likely been exhausted; and as you've noticed, Heraeus Group is to receive control over a specified mesh grade and specified amount of graphite material (i.e. company assets) in exchange for the now discovered as having been deemed as much worth less (not worthless) assets and capabilities purchased from Heraeus Group.
By the way, that "PorocarbTM" candidate battery material components additive coating product, which I initially expected was going to be the cat's meow, so to speak, was later discovered as having been part in parcel of just another "bait and switch" maneuver on the part of NGC officers and directors.
Said proposed candidate product is not as yet proven to be "commercially viable". After 10 years of so called development work by and on behalf of Heraeus Group representatives, That "PorocarbTM" mere candidate battery material components additive coating product hasn't been adequately performance tested, validated, qualified and necessarily certified as commercially viable by or on behalf of any collaborating party and necessary production offtake purchasing custormer.
It's 20Kg boxes full of doorstop employed type of material right now. That's what was paid for by NGC to Heraeus Group Gorilladome47.