There's quite a few big players watching Nanollose develop its fibers; lots within the industry waiting for it to push forward. Birla need to pull their finger out as they’re the official manufacturer and exporter.
NC6 is coming up to 7 years as a listed company, and on average these things usually take up to 10 or more. Traders think this is a dead duck, but as investor and knowing the space well, we know the industry is desperate for this innovative manufacturing ability. Circular companies like Renewcell failed due to quality and centering on marketing pulp instead of fibre/fabric amoung other factors, unlike Nanollose.
And take a look at Infinited Fibre, whom managed to successfully completed a two-part development financing raising €40m from new investors like Inditex Group (sound familiar? It should), TTY Management, Youngone and Goldwin, in addition to existing ones such as H&M Group (lost achunk on Renewcell), Adidas, BESTSELLER, and Zalando. Infinited are working to build the first commercial-scale circular fiber factory producing 30,000 metric tons of their Infinna fabric annually. Will take a hell of a lot of cash to get there, unlike NC6 which, even scaling up, should run pretty damn lean. The money is out there, it’s simply slow going.
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There's quite a few big players watching Nanollose develop its...
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8.3¢ |
Change
0.003(3.75%) |
Mkt cap ! $24.71M |
Open | High | Low | Value | Volume |
7.9¢ | 8.3¢ | 7.9¢ | $9.295K | 114.6K |
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No. | Vol. | Price($) |
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2 | 12400 | 8.1¢ |
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Price($) | Vol. | No. |
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8.3¢ | 60520 | 1 |
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No. | Vol. | Price($) |
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1 | 15000 | 0.079 |
1 | 19830 | 0.078 |
2 | 35000 | 0.077 |
2 | 30800 | 0.075 |
Price($) | Vol. | No. |
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0.083 | 60520 | 1 |
0.084 | 25000 | 1 |
0.085 | 498124 | 3 |
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0.099 | 200000 | 1 |
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