just like any company raises money, don't forget how massive the potential is for Novonix. They are literally the only mob doing what they do in the states, and with all the incentives for locally supplied battery materials you can bet from 2024-2025 these guys will clearly be in high demand for their product.
It might be hard to see as the little guys because it's easy to freak out when the SP looks like crap, but the big guys would have zero issues putting up 10s of millions around these levels.
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-62
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