Great Lakes Graphite Inc GLKIF

SJL up on news

[GoingBroke]

We own shares from SJL by the sale of lochaber. Might be a good opportunity to get some cash in the bank.

[Floridas2000]

This is where investing gets silly.  SJL takes off on a new technology that may never be usable and without a firmly defined market.  Remember graphene is not fully scalable.  Novocarbon has their product certified for some major battery players and no movement at all.  Odd.  

[iamburt2]

Florida.  You seem to be in the loop.  When do you think we can expect some orders from all the samples taken.

[uncleronstips]

Silly. ?...... SJL is @ $0.018..........  Up on 2500 shares traded ? ........ Where is the money to be made here ? ....... WTF !  .... The only thing I see here is,  if anyone thinks SJL has a winner here , then this is a very cheap entry point. Get on it boys. !..... I'm sticking with Novocarbon , seeing as a bird in the hand is better than 2 in the bush. Wake me up when

[uncleronstips]

Wrong market. It's...@ $0.035 up 1cent . 3 mm shares traded. Still not worth selling shares. How many shares do NovoCarbon have.? 

[SimplyRunRig]

750,000 SJL. See July NR.

[Luckierjack]

With respect to the July news release GLK said they would receive four annual payments of $106,250 for a total of $425,000. In actual fact, they have received the whole $425,000 as an offset to monies they owed to SJL. This can be confirmed in a couple of ways.  The SJL statements show a note that gives this information.  Also looking at the statements of GLK, you will notice the

[Rechnerhand]

It has been clearly stated by Novocarbon that they are renegotiating this agreement at the moment as SJL wasn't able in the past to fullfill these payments. Please read filings on SEDAR carefully.

[Luckierjack]

I did look at Sedar. This is note 8I from the SJL statements: In May 2018, the Company acquired a 100% ownership of the historical mining property known as the Lochaber claims located in South Western Quebec. On closing, the Company paid $425,000 by way of offset against an accounts receivable owing by the vendor, issued 750,000 common shares (on a post-consolidation basis) at a deemed value of $0

[uncleronstips]

SJL is in default/ arrears on the deal. So therefore NovoCarbon has them over the barrel. I wonder what the penalty is going to be ? More shares ? Regardless , I'm wanting news about current business from NovoCarbon . Their ducks are lined-up in a row . Time for real news ! Contracts , sales ect. Big deals going down. It's 2019 , time to get the lead out !

[Floridas2000]

Novocarbon is a much better company but doesn't get the love.  Yet...  But Novocarbon can still make some money from the shares they own.

[uncleronstips]

Less than a million, thats what I thought. I wish SJL success .  I would much rather have NovoCarbon get their own house in order . Someday NovoCarbon might be able to sell some for a nice $$$.