General Neometals related news, page-4009

"What could royalties be worth"

I think this is the most accurate part of the information in the presentation:



First we had / still have the paid promotion with Crux Investor who have lost all credibility as far as I am concerned, given the very easy time Chris has received despite the decimation of share price. I guess they don't want to bite the hand that feeds them.

Now they have Euroz "releasing research" that coincidentally aligns with Chris' latest talking points about rivers of riches.

I'm going to speculate that the multiples that Chris is referencing, that are from some of the most profitable and well run companies in that sector, and do not eventuate in NMT for at least the next 15 years.

First off, you can start by dividing the headline numbers by 50% to account for our stake in the business. The rest goes to SMS.

Then factor in that something is only worth what people would pay for. Just because company A gets multiple B, doesn't always mean company X will get multiple B.

And who is to say the relative pittance that Chris has raised this time compared to what he has squandered in the last 2 years is going to get the company to cashflow positive? How much contingency is there should timelines blow out, or the market go a different way.

Also don't forget that there are no longer 550m shares. Another raise, if required, will further blow the register out.

I'm assuming all 3 of the other projects will be sold off, for minimal shareholder gain, but no doubt the funds will be used to perpetuate and increase salaries and pay bonuses for "great outcomes".

"What could royalties be worth", indeed.