NMT 5.32% 8.9¢ neometals ltd

Ann: Mt Edwards - Mineral Resource Over 120,000 Nickel Tonnes, page-38

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  1. 1,288 Posts.
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    Hi hjv555, only cost I see is time.
    NMT jumped from 2cts on the Gangfen/MIN/Mount Marion deal and has hung around 30 to 50cts for past two years or so.
    In the next six to eight months we should see drill results on titanium resource, recycling battery plant closer to a start date, cash flow from lithium shipments, ore test results for DSO titanium, potential deal with Chinese for the ore, possible share split and Gangfen may come again at Mount Marion to buy MIN or NMT share should they decide to spend the $1.5 billion here rather than some other location. If they do I see no reason why NMT couldn’t negotiate the sale of its share but retain rights to buy processed ore it needs to feed the Eli plant, or sit tight with only MIN being sold.
    Who knows how this may pan out but the Reed boys play a long game looking at how they structured this deal so I’m happy to do likewise and wait.
    With so much coming together within the next few months I feel NMT are due to move into a new trading range, in the past two years we’ve had a steady flow of good news but no income associated with it. The mine is now producing cash and divi been restarted, many projects are getting much closer to a start date and the values in these are enormous compared to our shares issued.
    Things are about to heat up here as we shift into second gear, time is the cost and we’ve spent two years waiting, the next six to eight months should be interesting and with luck another 1ct divi around Christmas or early next year.
    If it’s not obvious already you can tell I’m very excited about this share and very relaxed holding long regardless of the share price fluctuations, also comforting to see analysts increase their target price, time will bring reward, Loop.
 
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Last
8.9¢
Change
-0.005(5.32%)
Mkt cap ! $68.47M
Open High Low Value Volume
9.2¢ 9.2¢ 8.9¢ $138.0K 1.534M

Buyers (Bids)

No. Vol. Price($)
2 354581 8.9¢
 

Sellers (Offers)

Price($) Vol. No.
9.1¢ 100000 1
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Last trade - 16.10pm 13/11/2024 (20 minute delay) ?
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