Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-70

I’m a part time reader and very infrequent contributor. I’m an original seed investor who’s still got a lot of skin in the game and naturally benefited from the rise from $1 to $10+ and I’m not alone in that.
There have been and are many wise and knowledgeable heads amongst contributors and they add positive and sensible input, make good reading and support the genuine investors on these threads as well as educating numerous investors trying to learn more about the company they’ve recently invested in.
The Novonix story has been long in the making and their board and management have been unwavering throughout.
Through Greg Bayton’s and Tony Bellas’s early leadership they have put together an impeccable board whose membership includes Andrew Liveris who needs no introduction but has an outstanding global reputation in leadership and a wealth of knowledge in every aspect of directing and managing global business, plus his son is CFO of the company, I need say no more.
Your directors are heavily invested in the company and at a price many times the current SP. In an outstanding show of good faith their most recent take up of shares was legally capable of being voided but to their great credit, leadership and demonstration they took up the offer at the original price.
Phillips66’s investment was a momentous moment in the future of the company, don’t underestimate this capital raise.
From the time of the directors and Phillip’s share acquisitions Novonix’s future was secured. They already had the technology (including new furnace tech) to move forward and all that was needed was TIME.
They’ve proved commercialisition, they are proving up the individual specs of the major battery manufacturers needs, and will commence production this calendar year.
Chris Burns told the world some 2 years ago that they were (and are) in no hurry to sign up customers because demand and supply were a way off and they would leave that segment till closer to the date of need,
We have all witnessed Covid and the China supply chain dependency, the delay in battery manufacturers demand for material, the US incentives for Electrification ($100m subsidy and possibly $1b loan) now China’s squeeze on the supply side, tariffs and other factors which ALL demonstrate the wisdom of the company NOT RUSHING the signing of supply contracts.
The SP is disappointing but totally unreflective of the value of the company, it’s not going to change anytime soon notwithstanding some new development.
Time is the essence and significant rewards await the patient and knowledgeable investor.
The negatives very few other than Short sellers, genuine down rampers and up rampers with no contribution to info on the company.
Every company has the discomfort of these beings but they are readily exposed and by simply blocking them your company thread becomes informative and in varying degrees beneficial to your holding.
Enjoy the ride.
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