RE:200,000 ton
youknowwhat,
In my opinion, there is no genuine intention on the part of NGC officers and directors to build any previously proposed Baie Comeau graphite processing and "BAM" process manufacturing facility. They are merely trying to lure another company into taking out NGC. Potentially developing a Baie Comeau "BAM" project is representative of a cheap lure. that's all.
This company's officers and directors are exhausting the remaining value of whatever already mined and previously stored graphite feedstock exists, by way of processing that stored feedstock and selling it to meet financial obligations owed to "Sprott" and others.
We note that Heraeus Group doesn't seem to interested in purchasing NGC.V shares at current price points, if at all.
We aslo note that "Sprott" is happy to just have "The Missionaries On Assignment" keep milking this company's remaining historical graphite reserve asset at LDI completely dry.
As for "The Missionaries On Assignemt", they collectively keep milking this cash cow dry whilst losing immensely more money than is earned by way of revenues.
Namibia is, at present, uneconomical at best, as it was when Hugues Jacquemin et al went about purchasing that so called asset from Imerys SA.
Another intended capital disposal pit which would not be profitably operated with Hugues Jacquemin at the helm.
A mere preliminary scoping study had been performed in relation to the Okanjande property and the merely proposed brand new graphite processing facility which would need to be built at Okanjande.
This company's officers and directors can't raise capital at share price points representative of the company book value to share price and are now desperate to undertake an "ATM" type equity financing initiative in order to raise a proposed $100 Million.
At current share price points, that would immensely more than wipe out all remaining equity value which NGC "minority" equity investors hold.