Mercedes benz are in effect proving NMT battery technology at scale at no cost to the company.Battery recycling is progressing but grinding under MB constant technical demands.
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I don't believe MB are footing the whole bill for the "proving of NMT technology at scale at no cost to the company".
This backwards and forwards would not be cheap, and for a company that is in the financial position that NMT is in - even after the raise, it could end up being a case of death by 1,000 cuts.
Also, this is happening in Europe, and the company is spending Euros, where $10m Euro is actually $16.5m AUD.
MB are making money, NMT are not. It isn't intentional, but to me it feels like a war of attrition.
@UtopianSX made a call of $0.14c inbound. I must admit that I think this could be the case - unless Chris can find a buyer for one of the projectss.
$100m up in smoke.
On behalf of all of those still holding, I hope he has an ulcer.
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