RE:RE:NGZ Open DiscussionIn the August 12 news release it states that (apologies for the formatting in that post)
"Government of Argentina recently announced reducing the corporate tax rate for mining companies to 25% in 2020"
At face value, there is incentive to be able to continue working in Argentina, however, Galaxy Resources recently sold their stake of land in the area.
Could NGZ be looking to sell as well? If they do, they'd need either a huge payout, or, they'd have to have much better projects in the pipeline (which they don't). I think they're committed to seeing through HMNL to production; it's the only significant revenue opportunity. - OR - sell, take a complete buyout. Dissolve the company as a whole and everyone can forget this ever happened while recouping some of their initial investment.
My opinion is that Lithium hasn't gotten any more hype. It's a saturated commodity and, until NGZ can start production and start generating revenue, we'll see the price continue to float around current levels.
The interesting part to this is that NGZ closed at +28% today. The ask is at 0.135 BUT the bid is still at 0.10. The float has been so reduced that the delta between the two is at about 26%. Even the smallest order has a significant impact to the share price! (maybe the prototypical circumstances and a good buying opportunity to some risk takers)
We all know NGZ is worth more at face value, but how long are we willing to stick around before we start to see fair prices? When will they start building the production facility? It's been nothing but crickets from the NGZ camp. We need some positive outlook like you've mentioned.
Hopefully this open discussion levels out some emotions. Let's keep talking about this. GLTAL