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$1.60.
NAM is on track for production by end of 2024, but overall profitability will require significantly larger annual production volumes than currently locked in.
The positives & progress are items they highlighted prior to the P&L statement.
Sure those numbers alone don’t make a compelling investment case...
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69.0¢ |
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| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 3 | 8899 | 69.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 69.5¢ | 6000 | 1 |
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