What are you talking about didley squat and no direction? They are commencing construction of a 10tpd plant for Mercedes Benz right now - for a battery recycling company it doesn't get much more legit than that. What exactly are you expecting that is better than this?
Your diatribe on here is becoming rather monotonous - building a battery recycling company in a global market that doesn't even exist yet is not something that happens overnight, and if you have ADHD and want daily announcements of how much profit is rolling in this likely is not the company for you to be invested in for a few years yet.
The share price slide is nothing to do with management, or the company performance - it is entirely to do with macro factors in the market. The share price is back to where it was in 2020/2021 just like every single other pre / early revenue company in the battery materials space. Right back where they were prior to the last boom in EV related stocks.
Every other company in a similar stage of development in this sector has suffered the same slide as investors have withdrawn capital from the markets, and every one of them has people like you posting the same nonsense on these boards blaming management etc.
The fact is in 2020 NMT was an aspiring battery recycling company with some hopeful tech, and now in 2023 they have a fully operational plant, world leading recoveries and are in construction phase for Mercedes Benz, with several other deals in the offing. The value here for the same share price as 2 years ago is compelling. If you think it is only worth 14c and has didley squat to offer then why on earth are you holding?
Macro sentiment will turn around eventually and battery related stocks are going to be in vogue once again and when they do I would probably want to be holding the one that has the Mercedes badge of approval stamped all over it.
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8.9¢ |
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0.007(8.54%) |
Mkt cap ! $61.40M |
Open | High | Low | Value | Volume |
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2 | 29000 | 8.5¢ |
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Price($) | Vol. | No. |
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3 | 154500 | 0.082 |
1 | 37067 | 0.080 |
3 | 71613 | 0.079 |
2 | 112900 | 0.077 |
Price($) | Vol. | No. |
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0.089 | 7511 | 1 |
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