Northern Graphite Corp V.NGC

NGC Has Trouble Coming It's Way From The U.S. Senate . . .

[1student]

There goes my money.

In a earlier post I pointed out, amongst other things, that Hugues Jacquemin didn't even want to mention the Baie Comeau "BAM" supersite manufacturing joint venture and commercialization partner by name, Graphex Technologies, U.S., LLC.

I also asked whether the agreement with Graphex Technologies, U.S., LLC still "a non-binding" agreement?

You should all note that U.S Senator Marco Rubio (Florida) has today introduced and is seeking to have passed U.S. Government legislation which would ban the eligibility for "IRA" tax credits for companies which utilize China based technologies to produce EV battery cells and battery packs.

The legislation in question is meant by Senator Marco Rubio and his supporting senator colleagues to target FORD's joint venturing battery cells and battery packs manufacturing partnership with CATL specifically.
Such legislation would likely extend to companies producing graphite anode battery materials or any other battery components materials whilst utilizing Chinese company owned proprietary battery materials process manufacturing technologies.

Alas, nothing has even begun and already a spanner has been thrown into the NGC works and the company's graphite "BAM" commercialization joint venture plan.
I previously calculated that this developed scenario could be avoided all together and that FORD clearly doing likewise would provide NGC ample cover from any scrutinty of it's non-binding joint veture and graphite "BAM" commercialization deal with Graphex Technologies, U.S., LLC.

Unless all the "BAM" being produced by NGC and it's partners is specifically destined to be exclusively utilized in Europe or anywhere other than within the U.S., this partnership with Graphex Technologies, U.S., LLC is going to be DOA, so to speak.

Sadly, this is not good news people.

It's quite possible that I just lost my money here, i.e. unless and until . . ..

[Harley103]

Enough with your fear mongering, you no doubt are on the short side now. You are reaching, just because he didn't mention a company by name means nothing he still said they are participating with a company to produce our anode material. In one post you mention you have a relatively small position and loosing your money is no big deal but now it is. No one is happy regarding our share price and

[1student]

Hello Harley103. First, I am not fearmongering. I am stating opinion and providing information which is, IMO, quit relevant and serves to keep participants aware of what relevant factors are unfolding. Second, I haven't ever sold short equities nor do I ever plan on doing so. Shorting equities is a good way to lose your shirt, so to speak. Readers would do well to note that simply because I