Neomet Process: Vanadium Metallurgical Test Work Update, page-14

They are quite reasonable questions, some possible answers might be:
Ownership of various parts of the business appears a bit complex to the lay observer ??
Lots of technology / ideas / projects bubbling away with heaps of potential but not yet an absolutely clear pathway to cashflow from many???
Aborted attempt to sell share of spodumene mine a while back then change of mind not a great look????
Value / cashflow yet to be realised from titanium project ?????
So I suppose it is as you say how much confidence does the market have in NMT to deliver the goods and in the interim should one park their capital in something else already on the up and up.
My crystal ball is cloudy as usual, but for the moment I'm holding.