NMT neometals ltd

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6.9¢

Ann: Neometals Discovers Spodumene-bearing Pegmatite at Spargos, page-22

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thecrabpest

2,554 Posts.

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13/11/23

11:16

Post #: 70865149
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Originally posted by BrucieKibbutz: ↑

I know what you are saying pat, If the company had said in the last 3 years since i've been holding that hey we are going to explore for lithium at the same time as these other 5 projects and it wasn't out of left field I'd understand.

I believe strongly in the energy transition and the use case for lithium. I have tried to diversify myself across a number of plays at various stages and use cases of the chain etc to minimize my risk. I was prepared that NMT could be a slow burn as its towards the End of the cycle for EV's and ESS where it becomes extremely important as the Battery Recycling is the main reason I invested here. As such I have Hard rock deposits and specie exploration projects as well and so that's why personally I'm less than pleased with this pivot.

Its been a brutal 6-12 months as a holder and I'm sure Chris is feeling the pressure as macro truly has kicked us in the nuts, as I eluded to earlier this might have been in the back pocket for a while as a get out of jail free card if the s#%t started to hit the fan so that's why I'm not pumped.

It might end up being a master stroke and if it is I'll be the first to say congrats you guys looked after us when times were hard but after seeing %70 of my capital invested here wiped out ( yes only on paper for the moment) I don't think my comments are to negative for the situation.

Everyone is entitled to their opinion though and I'm ok with it if your differs to mine as long as they are presented respectfully and with some evidence.

Expand

This is not something that has been in the back pocket, this is scraping the bottom of the barrel.

The announcement was released as "Market Sensitive"

If it was in the back pocket, then the company has been sitting on market sensitive information - highly unlikely.

Chris has an existential crisis on his hands. He has likely said to everyone "review everything, find me something".

This is my best explanation for 3 market sensitive announcements in 5 days.

NMT Price at posting: 25.0¢ Sentiment: Sell Disclosure: Held
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Ann: Neometals Discovers Spodumene-bearing Pegmatite at Spargos, page-22

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Ann: Neometals Discovers Spodumene-bearing Pegmatite at Spargos, page-22

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