NGC MORNING BRIEF Hugues J While the market is certainly in a slump for EV which is not Hugues fault.
What is Hugues fault along with the BOD is that since taking over in 2022 the first quarter ending June 30, 2022 showed a loss. Every subsequent quarter up to and including June 30 2024 has shown losses. That is 9 quarters of losses.
Example as of December 31 2023 there were 19 employees providing care and maintenance in Namibia along with other services. ( Source annual information form.)
I am suggesting that number of employees is total mismanagement and quite likely a breach of fiduciary duty to shareholders.
Why are there no STAFF REDUCTIONS? None instead they added staff with their new battery group. How much additional costs are associated with that group?
I could go on but what's the point?
I am sure all investors or stuck holders get the point.