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Bullboard - Stock Discussion Forum Northern Graphite Corp V.NGC

Alternate Symbol(s):  NGPHF

Northern Graphite Corporation is a Canada-based flake graphite producing company. The Company is focused on producing natural graphite and upgrading it into high-value products critical to the green economy, including anode material for lithium-ion batteries/electric vehicles (EVs), fuel cells and graphene, as well as advanced industrial technologies. Its mining operations include Lac des Iles,... see more

TSXV:NGC - Post Discussion

Northern Graphite Corp > What needs to happen @ NGC
View:
Post by Palmer009 on Jan 31, 2024 5:20pm

What needs to happen @ NGC

This recent release is a nothing burger to me and I'm not trying to be a doom and gloom. It's simple why I don't like it, they're becoming obsessed with dealing out Royalties! I know they don't want to dilute the stock but before they know it, they'll be kicking out 30% of future revenues.  They need to stop these deals and focus on the following: 
1) Trim the Fat - Reduce overhead, especially in the IR departments. Take salary cuts everywhere you can. Maybe buy a Zoom subscription for 19.99 a month instead of flying Jets around the globe for intro meetings? 
2) Optimize Current Operations. Show the public that you can reduce costs at LDI by 20-40% while roaring up production. 

Do these 2 things and you'll be a much better position next year than what you are currently doing.

Comment by Gorilladome47 on Jan 31, 2024 5:39pm
Well said.  Costs at LDI are way way too high.  Millions and millions of dollars in salaries per year...why are we so inefficient at LDI?  Who is trying to get their costs under control and reduced?  Zoom subscription, as funny as that comes across,  you think would be a no brainer.   Do we really need to be flying here there and eveywhwre for meetings?  ...more