Just the messenger here. Thought I'd provide a head's up and hopefully some of the more critical thinkers here may take note and use the information wisely.
I won't bother next time, happy to keep my information to myself.
At the risk of falling for the sunk cost fallacy, I'll make one last comment in relation to NematiQ.
NematiQ is being mothballed. Not terminated, mothballed.
Take it as you like, call it fake it you want - I don't care.
Memo extract:
"The Board has considered the funds are sufficient to support the working capital needs of the water, mine management and lithium initiatives but to conserve cash has made the decision to hibernate NematiQ for the foreseeable future."
"To be clear, this is not the end for NematiQ, but rather a strategic pause to reassess and come back stronger with this exciting technology in the future."
I don't think this is a bad thing, more like a prudent move driven by funding constraints.
Is mothballing NematiQ price sensitive and requiring a release?
The BOD obviously thinks not. In time this pivot will become more widely known.
In the interim, may I suggest that confirmation bias is rather detrimental to critical investment research.
Happy punting.
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