To give you an idea on how the share price will re-rate once the U.S wakes up to what's on their door step to Novonix
Have a look at PLL. Only a spod concentrate contract with Tesla at this point for about 1/3 of their concentrate output. However that was enough for it to re-rate it substantially as U.S investors became aware of their mine location and the PLL story. PLL had been under performing compared to their WA based peers. PLL main exchange is also on the ASX like NVX.
We saw a glimpse of that on the OTC market on the lead up to Tesla's Battery day. Of course, we all know the result with the no mention of Novonix.
Just need a couple more supply contracts to be announced (with anyone really) and I believe will we see a re-rate again taking place.
Media Watch - NVX related, page-1683
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54.5¢ |
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Mkt cap ! $269.0M | |||
| Open | High | Low | Value | Volume |
| 55.5¢ | 55.5¢ | 54.5¢ | $367.4K | 669.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 160235 | 54.0¢ |
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| Price($) | Vol. | No. |
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