Post by
Floridas2000 on Feb 28, 2018 12:23pm
Insight
Hi - I've invested in this company for some time and I want to give some insight in between my meetings.
- Right now, for good reason, people are skeptical about graphite JV companies. So even though some are interested in the company, they are lumped in right now with the CSPG, CCB, etc. of the world which made it hard for the them to get client confidence. Changing name can help seperate them from that group
- Let's be honest, they were not going to develop Lochaber and they were a processing firm a long time ago. All this does is put a name on it and make it official. So no, they can no longer do flow-thru shares or anything mining related. But they may be able to access other things as a producer.
- They want to sell high value graphite. Just graphite. They will target batteries, but it can't be only batteries because they have an agreement to sell for lubrication. So no chance for lithium or cobalt and they should only stick to what they know anyway
- I strongly believe this is a set-up so that they can sell it to a certain client. I would not be surprised if the client asked them to do it because of the potential size of the contract.
- This name change is not a re-branding thing like NextSource / Energizer. They needed a new face because they were failing but they're doing the exact same thing. This is GLK saying we are not a Syrah, we are a baby Asbury Carbons / Graftech. To me this is a nothing announcement but something that had to be done. Like putting on your shoes before you have to run. So they're going to the race and the people running say you want to run our race but you have no shoes, you can't enter until you do. Now they put on their shoes, so they can run. I am waiting for the news when the race actually starts. Hopefully soon.
Good luck all.
Comment by
iamburt2 on Feb 28, 2018 12:40pm
It took four years of BS and a few change of directions and now they will change to become a world leader with a new metal. If you are so good at graphite with world connections why would you need to change your name. This is quite often the first step in a company becoming insolvent. Watch for a new CEO next.
Comment by
settoretire on Feb 28, 2018 2:21pm
I concur. seen it before. Financial trouble. Florida is trying to spin a story that has very little merit. If they were planning a “singular” product sales only, they would have had announcements interspersed with their news releases. Hope I’m wrong, but .....????
Comment by
piperpirate on Feb 28, 2018 7:55pm
Soooo I shouldn’t have quit my job? I’m not going to be rich when the halt is lifted?
Comment by
WatchLearnEarn on Mar 02, 2018 1:29am
They've been anything but "factual" unless you call bubble gum, smoke/mirrors and cotton candy fluff "facts." It's clear you haven't been following the company's illustrious history of publicly soiling itself since 2014.