NVX 1.82% 81.0¢ novonix limited

Gonna top up a bit more. The company doesn't have much growth...

  1. 35 Posts.
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    Gonna top up a bit more. The company doesn't have much growth over the past few year, a bit of debt (i believe its a good kind of debt given, it's being used to create new factory and from those years on researching their technology and just testing battery products,etc). Now with recent published top of the line patents: SiC (2018) and DPMG (2019) technology this looked promising for years to come based on scalability, Its not just limited on electric vehicles, but anything that requires batteries from laptops, phone, large scale energy storage (Distributed generation storage), etc. Looking at support around 90c to $1 mark but again could fall back down as low as 50c- 70c (top up again). I don't think this will go back to its original 20c in the short term. This would be a good year hold to see their upcoming potential contracts and recent order revenues hence I would expect a peak will probably happen around 2 years time if they hold more big contracts. Upcoming report should explain any revenues, debt, relationships,etc from recent contract from Samsung/Sanyo.
    anyone waiting for quick gains should probably pass this as there are a lot more better investment (or gambles ._.) out there but if you're one of the few who want slow steady growth, I think this ones a keeper for years to come. Good luck and DYOR!
 
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