I've been following Nvx since 2020 I was able to participate in the 29c raise during the dmpg Ann and I exited in the $2+ range.
Im still waiting for NVX to actually produce some graphite, back in late 2020 it was supposed to deliver to Samsung(it never happened).
They have made excuses about furnaces for years and people are talking about 150k+ tpa but where's the 2k tpa?
NVX needs to generate $$$$ and start producing before it runs out of cash. Otherwise if the SP is under $1 and it's trying to raise it's going to get hammered with dilution.
IMO(speculation) that's why the SP is in a downtrend.
Ann: CEO Presentation to the AGM, page-53
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