Are you not the least bit curious about this contract?
There are two virtual offices and one warehouse in Baltimore associated with a company incorporated 7 months ago with a principal accused of money laundering. The company and its principal have no history of engaging in the graphite industry, absolutely zero digital footprint and yet somehow this company has revolutionary patents pending in the highly specialised emerging Graphene industry.
So NGI sign a binding agreement with an emerging and unfunded Graphite explorer based on test work that has not been qualified by either Volt or NGI, testing which is highly rigorous and specialised. And then, Volt does not confirm that NGI was one of three US parties who were supplied product for testing in September nor does NGI receive any endorsement from the company's own US expert, Michael Lew.
What is the point of this contract, it's certainly not economics? From the perspective of an outside observer it looks like a crude attempt to arrest the falling share price and be the first graphite explorer to announce a Western BOA.
In my opinion.
Oliver.
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