Pro perhaps it's time to engage a therapist.
While I honestly hold genuine empathy for your situation/position, and share a number of your grievances (I and my family have suffered very material personal financial harm from our considerable investment in NMT over recent years) ... I frankly am growing a little tired of your relentless angst and grievances on this forum.
By all means try and galvanise shareholder support for a campaign against sitting management a
for November's AGM. Heck, on current trajectory I may even enf up joining you. However I really think it's very easy to be an angry armchair critic, when the macro backdrop has been horrific this past few years.
No one (none of the Lithium majors nor Recyclers nor any expert Lithium or Nickel major) predicted the degree to which China Inc would corner and smash the Battery materials sector for geo-strateguc reasons, and most of Neometals competitors are today in administration or effectively financially neutered. Our capital light royalties model is all that has laid between us and a similiar fate, and thank God Chris and the team have held that discipline and didn't go all in funding a massive plant, "build it and they will come" style (i.e. Li-Cycle, Nortvolt, etc).
MB will sign off on their Hydro-Met facility later this year circa October, and that will open the gate for commercial plant offerings by Primobious to other Auto OEMs (We are at the forefront in terms of capability to deliver and recovery rates). We will earn material upfront fees on any such sales, in addition to longer term royalties. These will see any current funding concerns alleviate.
I completely get your cynicism about Eli - it has indeed been a long long time coming. I believe we are close, and in the current race to the bottom of Lithium cost curve our technology could be incredibly valuable and in all truth a potential company maker.
Vanadium recovery plant is close and could come off any day now. It's value alone (implied by EIT's buy-in value calcs c$83M EV) eclipses our current market cap, just this one project alone.
Barrambie holds considerable value, in terms of Titanium and Vanadium rights alone. I understand the markets cynical attitude to valuing this, but these rights alone could see 25-50M alone if sold to the right third party.
Gold - again I appreciate the cynical take - but while the battery materials related verticals are in the slow lane, can you blame management for looking towards a non-cap-raising alternative - why wouldn't they investigate the value of the booming commodity tenements they hold right under their noses that weren't deemed noteworthy before. This is exactly the rational choice I would expect of our board in such challenged times.
Not trying to target you or be difficult mate, and again I genuinely empathise with your situation as a fellow suffering shareholder. But unlike you i genuinely believe our time will come, albeit late in the piece, and it could be spectacular. We have many promising irons in the fire, any one of which could eclipse our market cap by multiples.
Appreciate your frustrations but would encourage you to give the next two months a chance and see what comes - I personally am an optimistic.
I sincerely believe Chris' intentions for the company and shareholders is good, and his ongoing efforts against an extremely difficult backdrop will eventually be rewarded for us and all shareholders at large.
If I'm wrong come August, please let me know your AGM voting intentions.
Regards Randy
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