Just brainstorming - so potentially Novonix now has to raise $300m on their own to fund completion of greenfield. They'd have to do this through a CR. Pretty much the raise would be equal to their current market cap, so through dilution the share price would be worth around 35c - 40c.
I think it becomes critical then that Novonix now actually deliver graphite to Panasonic this year. This would at least bump up the share price so that CR can be done on better terms and mitigate dilution.
This announcement is definitely not Novonix's fault. It's out of their control and they did their best. However, it has left over a lot of questions and uncertainties.
Ann: Additional Information on Conditional Commitment from US DOE, page-47
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Last
42.5¢ |
Change
0.015(3.66%) |
Mkt cap ! $267.1M | |||
| Open | High | Low | Value | Volume |
| 41.0¢ | 42.5¢ | 41.0¢ | $387.6K | 925.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1500 | 42.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.0¢ | 342226 | 20 |
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| Last trade - 11.07am 17/06/2025 (20 minute delay) ? |
| NVX (ASX) Chart |