By Cory Natcore’s Share Price Popped Yesterday – Here’s Chris’s Breakdown
I have received a number of emails asking what happened to Natcore’s share price yesterday. The shares where up 4X yesterday on the back of a very positive news release. We used to follow the Company closely but in the past year news was slow and the stock continued to drift lower and lower. It is encouraging to see the stock get noticed on the back of news but there is still a lot of work to do.
Below is an email Chris Temple sent out to his subscribers recapping the reasons why the shares popped. Both Chris and I are tied up today so this is in place of our daily market commentary. I hope you all enjoy! Please remember to check out Chris’s site and to sign up for his newsletter and get these updates first.
Click here to visit Chris’s website.
… Here’s the recap…
Greetings!
It’s not every day you see a stock quadruple in one day; and in Natcore Technology’s case yesterday, on 13 million+ share volume the last I saw! Of course, keeping things in perspective, that move up to a close of C20 cents/share came from a subterranean level. Yet the news that caused it–GO HERE to read the press release at the company’s web site–was substantial.
A few issues were addressed in a positive fashion:
* The seeming exclamation point on the company’s quest to successfully use cheaper aluminum, rather than silver, in solar cell manufacturing.
* With that, the highest-ever efficiency marker, now more clearly superior to existing cells on the market.
* Most important here, a seeming ability to be able to mass produce these cells.
* Finally, the suggestion that a more substantial financing will shortly be undertaken, better I would suspect than the subsistence, near-monthly ones the company has engaged in via its quasi “shelf” arrangement with Dutchess.
As you know, for well over a year now news of substance leading to yesterday’s apparent breakthrough announcement was slim. It was instead replaced with a greater public emphasis on Natcore being a player in numerous solar farms and similar projects. On that score, however, there has been no follow-up news on construction, or much of anything, let alone any initial revenue to Natcore that was expected long before this point by many of us.
The BIG pay day, however, if all ends up successful will be the company’s mold-breaking solar cells. A company with a market cap of a scant C$16 million or so even after yesterday could have FAR higher to go.
Though I’ve been tempted a couple times to suggest pulling the plug here, I’ve stayed sufficiently patient (even though, with ANY news so scarce for so long, I was compelled to go to a “HOLD” posture not long ago.) My view of and confidence in President Chuck Provini and Chairman Brien Lundin together with–as I have written most recently–the “life line” of sorts from Dutchess at least had me of a view …read more
Source:: The Korelin Economics Report
The post Chris Temple from The National Investor – Fri 16 Mar, 2018 appeared first on Junior Mining Analyst.