Bullboard - Stock Discussion Forum NextSource Materials Inc NSRCF

Primary Symbol: T.NEXT

NextSource Materials Inc. is a Canada-based battery materials development company. The Company is focused on supplying battery materials through the mining and value-added processing of graphite and other minerals. Its segments include mine development and BAF development. The Company’s principal business is the development of the Molo Graphite Mine (the Molo Mine) located near the town of... see more

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TSX:NEXT - Post Discussion

NextSource Materials Inc > Dilution of the Stock.

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Post by Tankerman on Feb 09, 2021 11:02pm

Dilution of the Stock.

Just reading over the private placements, and the quantity and value of the stocks for private placement, will dilute the stock value by 58%.

Sir Mick Davis has a pretty lucrative offering from NEXT.
Just be cautious folks.

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Comment by repap_nb on Feb 10, 2021 9:57am

True Tankerman but I think the dilution was going to happen at about that magnitude anyway in order to get the funding for the mine (otherwise it would become a salvage sale) There are 600 Million shares outstanding. They would have done well to raise the $29.5 million (USD) at 8-9 cents per share (7-8 US cents/sh) so 350 Million new shares either way The upside here is they have an ...more

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Comment by Tankerman on Feb 10, 2021 1:32pm

Agree with you 100% recap_nb. There certainly is value in their graphite and vadium deposits. I'll likely re-enter on the dip when they issue the private placement.

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