NMT (ASX) General Neometals related news

I want to put this debate to rest about David selling. It wasn't just before any ann as some have claimed, it was over a two year period.

Below is a chart of NMT & I've mapped out roughly where all the buying & selling was. It's a weekly chart, but the individual sales were spread over days, so some of these arrows represent multiple selling over days/weeks. For the sake of simplicity, I've put the arrows in roughly where the sales took place.

The red arrows are sells.

The green arrows are buys.

NEOMETALS LTD (ASX:NMT) - Ann: Change in substantial holding, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

He's still a substantial holder.

NEOMETALS LTD (ASX:NMT) - Ann: Annual Report to shareholders, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Originally posted by ProCapitalism: ↑

"why did his dad flog off 5 million shares a week or so before 4 terrible announcements."

He's moved into retirement. You spend your younger years accumulating wealth, then, as you age, that process reverses. You start to spend down your wealth. Aim to die with zero dollars!! Would you want to die with $5M in the bank? Or start spending it before you're six feet under? Everyone deserves a retirement after a lifetime of work. He still holds a substantial amount of shares in NMT.
"why didn’t he cap raise at higher levels."

Who would cough up the dough? Which soph or insto would be stupid enough to provide funding to NMT at higher levels without any guarantee of success? Just so they can be diluted themselves at some point in the future at lower levels.

"why didn’t he cut of a branch of the tech tree and sell to prevent dilution."

Great question. Personally, it's not something I would like to see happen. I would prefer NMT holds onto their projects, instead of making other shareholders rich.

"why not cap raise to fund a project, why cap raise to fund substantial corporate costs(wages)."
Which project? The VRP? CM couldn't raise enough money to fund their part of the transaction. That's part of the problem. But I think something has gone awry here. Perhaps they didn't shake the tin can hard enough at investment conferences, if they even attended any at all. The EIB wanted in though, so there was interest in the marketplace for that project. Perhaps CM & NMT didn't sell the project hard enough to their own shareholders. I don't know.

NEOMETALS LTD (ASX:NMT) - Nothing goes straight up...well very very rarely, 71855955, page-5 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

"why does he say we have a book build but doesn’t reveal who, where, size etc."
Great question.

"why he states another Chinese company is interested in Barrambie then nothing"

I think Barrambie is another unicorn. It's been on the books for how long now? 20 years? 30 years? I don't know. What I do know is a valuable asset doesn't just sit there to rot! A true, valuable asset gets snapped up immediately, in order to prevent any competition from moving in. Think about it. When they found gold at Ballarat, did it sit there for 30 years while they worked out what to do with it? HELL NO!

How gold changed Ballarat | City of Ballarat

"why have the so called cheapest lithium find ever days before initiating the capital raise."I think it was a pump to help push the SP back up. I think Chris is probably using his reputation in lithium mining to try & increase the level of confidence in the stock. It's one of the reasons why I believe Chris Reed is living off his past reputation & not his current work performance.

NEOMETALS LTD (ASX:NMT) - Ann: Neometals Discovers Spodumene-bearing Pegmatite at Spargos, 70860196, page-4 - HotCopper | ASX Share Prices, Stock Market & Share Trading ForumSome of my thoughts.

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No.	Vol.	Price($)
5	179917	6.7¢

No.

Vol.

Price($)

179917

6.7¢

Price($)	Vol.	No.
6.9¢	10026	2

Price($)

Vol.

No.

6.9¢

10026

No.	Vol.	Price($)
5	179917	0.067
3	45302	0.066
6	934384	0.065
1	450000	0.064
7	828607	0.063

No.

Vol.

Price($)

179917

0.067

45302

0.066

934384

0.065

450000

0.064

828607

0.063

Price($)	Vol.	No.
0.069	10026	2
0.070	44275	2
0.071	20000	1
0.072	88181	3
0.073	41000	1

Price($)

Vol.

No.

0.069

10026

0.070

44275

0.071

20000

0.072

88181

0.073

41000

(20min delay)
Last 6.8¢		Change -0.001(1.45%)		Mkt cap ! $51.62M

Open	High	Low	Value	Volume
7.0¢	7.0¢	6.7¢	$2.051K	29.89K

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