I think calling MB a joke would be an exaggeration. As a global company, projects like battery recycling are pulled up with foresight. It is necessary to comply with a plethora of environmental regulations and obtain permits. I think that's a good thing, better than risking an environmental scandal afterwards.
It is now exactly 3 years since Neometals and the SMS Group founded the joint venture.That means from the idea, to the design and construction of the test facility, the necessary test runs, up to now where MB is building a plant for recycling.I think the performance is amazing considering all the adversities of the last few years. I found the quarterly report interesting insofar as MB gives its shareholders a time window here. Establishing this shows credibility.
NMT has a general problem, which will also change again. A bunch of projects in the pipeline and no income whatsoever. Inclusion in the ASX 300 in September 2022 was a perfect invitation for short sellers, as NMT could not have countered at any point. The slight stagnation came with the delisting (sale) in June.
NMT Price at posting:
48.0¢ Sentiment: Buy Disclosure: Held
