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85.0¢ novonix limited

Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-78

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01/11/22

11:26

Post #: 64519958
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Originally posted by Justanovice: ↑

The DOE website noted the recipient contribution as being $877M. The announcement states that the terms of the deal require a dollar for dollar matching as a minimum. I read this as $150M being the minimum contribution vs $877M being what NVX intends to contribute towards the complete facility. Presumably they have confidence around access to funding (which would be greatly helped by the grant) and are still eligible for other grants.

Either way I think the receipt of the grant is a very positive thing.

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I agreed, this is how I interpret it from this article.

NVX Price at posting: $2.71 Sentiment: Hold Disclosure: Held
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(20min delay)
Last 85.0¢		Change 0.020(2.41%)		Mkt cap ! $415.6M

Open	High	Low	Value	Volume
84.0¢	87.0¢	83.5¢	$1.126M	1.327M

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No.	Vol.	Price($)
2	21390	84.0¢

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Price($)	Vol.	No.
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No.	Vol.	Price($)
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0.850	62458	3
0.860	32066	2
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