Sure those numbers alone don’t make a compelling investment case (nor does the historical SP), but apart from the BTS division the company is effectively pre-revenue and hence high risk. The potential profitability will be via the NAM & Cathode divisions.
As per Notes 7 & 8 nearly half the borrowings relate to the recent LG convertible notes which have a conversion price of AUD$1.60.
NAM is on track for production by end of 2024, but overall profitability will require significantly larger annual production volumes than currently locked in.
The positives & progress are items they highlighted prior to the P&L statement.
Ann: Half Yearly Report and Accounts, page-10
Add NVX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
66.0¢ |
Change
-0.040(5.71%) |
Mkt cap ! $329.5M | |||
| Open | High | Low | Value | Volume |
| 69.0¢ | 69.5¢ | 65.0¢ | $1.583M | 2.347M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 68384 | 66.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 66.5¢ | 25712 | 4 |
View Market Depth
| Last trade - 14.23pm 01/10/2024 (20 minute delay) ? |
| NVX (ASX) Chart |