I think it's evidence that every other project is dead in the water.
Why would they need to shift focus to gold, spruiking revenue, if the Stelco deal was about to be executed?
This thing looks to be morphing into another speccy gold miner. If I wanted another speccy gold company on the ASX I would go searching for them. Plenty out there! The last gold mine these guys had when into voluntary administration. So it doesn't give me much confidence given every other partner & project has vapourised.
NEOMETALS LTD (ASX:NMT) - Ann: Barrambie - Maiden Gold Drilling Commences, 77770943, page-14 - HotCopper | ASX Share Prices, Stock Market & Share Trading ForumNMT now sees
"risk" in the battery markets.
There was supposed to be revenue coming from Stelco. That's why I think they're gone. Not a single announcement on the ASX for years about any other battery recycling deals. Not one. Nothing. Nada. Zip. Zilch. What are they doing?
NEOMETALS LTD (ASX:NMT) - Ann: Appendix 5B Cash Flow Report, 78540130, page-13 - HotCopper | ASX Share Prices, Stock Market & Share Trading ForumMB still has another two years to work out if they want the tech. What happens if they walk? No royalties from them! What has NMT got then?
NMT won't be receiving royalties from RIL for years to come. If they ever get off the ground. If the green bond program doesn't produce a cent they're done too. I'm hedging my bets, I'm looking at other battery recyclers on the ASX.
NMT has been on the ASX for 20+ years & hundreds of millions of dollars spent for what? I bought a number of lithium stocks 10 years ago, some successful, some not. One of them went from strength to strength & just got taken over by Rio Tinto. Meanwhile, during the same period, this investment went backwards! The Global X Lithium ETF once held this stock, it was one of the main reasons I bought in here. They dumped this thing years ago!!
Timelines have been blowing out here for years.
Why aren't hedge/managed funds or instos buying up this stock? No one wants to touch this thing.
When does Chris Reed come up for re-election to the board? I want to start an online campaign
right here on HC to have him removed.
If we all get together & vote against it, hopefully NMT will get someone in there who can get the job done. I'm done waiting. I'm so done. I'm done.
If by some miracle they get revenue from gold it would help
"stem the bleeding," but I'm not full of confidence & I have to see it to believe it.
