NMT is my absolute favourite company of all time, great innovator. I first bought in when the market cap exceeded NTA in April 2019 - 22.5c
Chris at the time joked about how the market had priced him to be such a dud that the company was valued less than the cash they had in the bank. I liked the self deprocation and the assets they held and the fact that they had money in the bank.
I doubled down in June 2020 when the price was 15.5c
Have sold twice since to recoup initial investment at 49.5c (May 2021) and again at $1.02 (Oct 21)
Recently watched Chris Reed's presentation at the most recent AGM - and he filled me with confidence- his swagger and down to earth relaxed demeanour explaining why neometals is such a good investment in a simple no nonsense way - this is rare in the corporate world.
I have made it simple for myself with 2 share price trigger points - $1 buy and $10 sell.
I expect a volatile ride in the meantime but it doesn't matter. I have now have faith in what this company is doing. It's a superb business idea and they keep doing what they said they would.
Happy holding NMT S/Hs
NMT Price at posting:
$1.49 Sentiment: Buy Disclosure: Held
