NVX 12.7% 71.0¢ novonix limited

NVX team at GAS, page-2

  1. 2,724 Posts.
    lightbulb Created with Sketch. 1846
    Yes, GAS IPO'd back in 2017 from memory.

    I applied for shares but didn't get a slice at 20c, its listed oversubscribed and at about 40c.

    I have been in and out a few times with GAS now. Its slow and frustrating company. It's current MC under 50M is cheap, but only if they can prove the resource.

    TEG are a major shareholder from IPO with about 20-25% total ownership of SOI.

    Top 20 hold about 70-80% of SOI last time I checked, and its hard to liquidate a large position due to almost zero volume traded.

    Has multiple ROI written all over it of they can commercialise the company


    Last edited by Burty85: 09/12/21
 
watchlist Created with Sketch. Add NVX (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.