Bullboard - Stock Discussion Forum ADF Group Inc T.DRX

Alternate Symbol(s): ADFJF

Steel Steel

ADF Group Inc. is a Canada-based company. The Company is engaged in the design and engineering of connections, fabrication, including the application of industrial coatings, and installation of complex steel structures, heavy steel-built ups, as well as in miscellaneous and architectural metals for the non-residential infrastructure sector. Its products and services are intended for the five... see more

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ADF Group Inc > Northvolt

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Post by lotus1 on Nov 24, 2024 11:08am

Northvolt

FT reported that Swedish battery maker Northvolt AB filed for bankruptcy protection under Chapter 11, this week.

Not sure if, there was an order, ADF Group was waiting to execute for their battery plant.

Can someone shed some light on that order and if this is material to ADF ?

Thanks

https://ca.finance.yahoo.com/news/goldman-funds-900-million-hit-160712368.html

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Comment by lifeisgood1010 on Nov 25, 2024 8:59am

DRX is not involved in the Northvolt project. The main contractor is Broccolini and the enginnering firm is EBC. Zero impact for DRX. Speculation on may part but there was a project delayed that did restart in Becancour at the time where DRX said that the 35 million project had restarted. That project is the EcoPro BM battery project. It was South Corean firm and a Ford partnership. Ford got ...more

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Comment by Concerned1Bear on Nov 25, 2024 9:06am

My family and I have invested about $400,000 in ADF stock and keep buying stock at bargain prices. I reached out to ADF Group CFO on October 21, 2024. He responed very quick to our questions and answered: Was their a deposit paid already for the (35 Million) 300 loads ready in yard and destined for Nemaska NORTHVOLT project ? The $35M we mentioned was not for the Northvolt project ...more

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