It's absolutely wild, check the quarterly from December. For that 12 month period they spent US$20.8M each on staff costs and admin/corporate costs. That's A$65M per year, not including actual project costs. On a company valued at A$275M.
Can't remember the last time I saw such blatantly loose corporate spending on a company at this stage of its development. And yet punters keep throwing money at it. Just another wealth transfer situation.
NVX Price at posting:
43.0¢ Sentiment: None Disclosure: Not Held
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