"Regrettably, the broader macroeconomic backdrop has required Jiuxing to adjust its production plans and shelve further Barrambie related activities"
Yeah this sucks that the deal didn't get done but if Jiuxing were in a position where they have to pull out what they were bringing to the table as far as an offtake was probably going to be pretty weak. Macro is hitting everyone at the moment but if we can weather the storm till the next cycle it may prove to be a master stroke.
That being said I would have been far more confident had they come to an agreement and pushed the button and we got moving forward on one of the projects in a meaningful way ( I know we appear to be with the vanadium but still not without similar capital risk)
The last 18 months has been pretty ordinary for NMT, Not going to sugar coat that, although I don't see it as being Management/company at fault. At least not with the Information us punters are privy too. They have been going about their business and advancing projects. I just hope the buyers for these products stuff saying yes soon although due to macro I think thee is more tough times ahead unfortunately for the near term.
This could all change with one announcement though. I guess you either believe the vision and stay the course or GTFO for what would be for a lot of us now a considerable loss.
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"Regrettably, the broader macroeconomic backdrop has required...
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Last
8.1¢ |
Change
-0.003(3.57%) |
Mkt cap ! $50.48M |
Open | High | Low | Value | Volume |
8.4¢ | 8.4¢ | 8.0¢ | $130.3K | 1.586M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 31095 | 8.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.2¢ | 420580 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 99718 | 0.081 |
11 | 911421 | 0.080 |
3 | 98156 | 0.079 |
3 | 132670 | 0.078 |
2 | 40091 | 0.077 |
Price($) | Vol. | No. |
---|---|---|
0.082 | 420246 | 4 |
0.083 | 30536 | 2 |
0.085 | 180291 | 3 |
0.089 | 66000 | 1 |
0.090 | 12195 | 1 |
Last trade - 14.18pm 11/07/2024 (20 minute delay) ? |
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NMT (ASX) Chart |