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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

Comment by 1studenton Apr 10, 2024 3:26am
43 Views
Post# 35980550

RE:RE:RE:RE:Should have sold this garbage for the tax loss

RE:RE:RE:RE:Should have sold this garbage for the tax lossyouknowwhat,

Not all TSX-V listed companie shaving filed a preliminary base shelf  prospectus are comparable to one another.
One company is being built up and is nascent (NOU); the other is seemingly being burned down and may be nearer to the end of it's useful life as a publicly listed equities issuer (NGC).


Once again, desperate to raise capital, "The Missionaries On Assignment" are willing to deal away controlling interest of Northern Graphite Corporation at much lower share price points than are being experienced today; likely anywhere from current share price points down to $0.09, a share price which would be representative of a 50% discount to book value to share price.
That kind of proposed 
"ATM" type equity offering maneuver is clearly recognized as Hugues Jacquemin et al setting up a "FIRE SALE" for thier own privately selected business partners.
To keep his/their personal piggybank going as a publicly traded TSXV listed vehicle, this guy would pursue what would amount to being a privately arranged for shifting, shuffling and dealing away of the equity control of Northern Graphite Corporation. The "backdooring" of NGC straight out the front door, so to speak.
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