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

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TSXV:NGC - Post Discussion

Northern Graphite Corp > MD&A Release Notes

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Post by Palmer009 on Apr 30, 2024 11:02am

MD&A Release Notes

Today's MD&A release underscores significant concerns about the Company's financial standing. While the consolidated financial statements assume ongoing operations, there's notable unease due to recent operating losses and cash outflows, despite some working capital reserves. However, the Company's viability hinges on securing substantial financing and achieving profitability, given past losses and upcoming project needs. There are also risks tied to infrastructure, project delays, and the unpredictable nature of mineral exploration. Additionally, mineral resource estimates are subject to uncertainties, potentially impacting the Company's financial health. Critically, the leadership team's performance is questioned, with glaring financial and operational failures evident, including a high G&A ratio. A strategic overhaul with new management might be the only route to salvaging this Company.

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