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Melen100

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13/12/24

20:07

Post #: 77043577
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Originally posted by ProCapitalism: ↑

I'm nervous too, but I'm going for it. A lot of faith is needed here, whether it will pay off is the question. I never invest more than what I can afford to lose. I've got other investments, a diversified portfolio, a roof over my head & food in my belly, I'll live.

If this fails, I've found another entity on the ASX & it might even have better tech. They're at the pilot plant stage, so probably 5 years behind RIL & NMT.

RIL has the Green Bond program underway plus Oval Advisory are on board to help secure finance for the UK project

REDIVIUM LIMITED (ASX:RIL) - Ann: Redivium to Commence Listed Green Bond Offering Process, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

REDIVIUM LIMITED (ASX:RIL) - Ann: Oval Advisory Appointed to Support Battery Recycling Project, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

There's also DGWA in Europe where RIL was listed not long ago. Remember, there are fresh investors there in Europe. Holders here have been burnt by a 2 cent IPO & may have been invested in HNR for years. Investors in Europe would only know RIL as a battery recycler & not a failed mineral explorer, so they would have fresh eyes on this venture. It will be interesting to see how much money they're able to raise in Australia & Europe combined.

REDIVIUM LIMITED (ASX:RIL) - Ann: Redivium Starts Trading on the Frankfurt Stock Exchange, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

This is the first major test to see how much appetite there is for this type of venture in Europe. Most of the other CRs were oversubscribed, but that was years ago. I don't expect this one to be oversubscribed but I do expect them to raise more than $1m.

I've been wrong before.

Each to their own & good luck to all holders.

Expand

The reality is simple recycling is years away from revenue, and they must survive, but spec stocks look at ION for kicks, got a boost this month

Last edited by Melen100: 13/12/24

RIL Price at posting: 0.3¢ Sentiment: Hold Disclosure: Held
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