Na mate, Barrambie was supposed to be spun out, meaning shareholders would get free shares & a project to shares profits in. A flat out sale nets shareholders nothing, but gives the BOD & management more money to wipe their backsides with.
TBD. Will have to check semantics on this as in if divestment could equate to spun out
Spargos came out of left field & I think it was used to spur on new investor interest. But they didn't find any lithium & NMT doesn't want a nickel project. If they did, they wouldn't have dumped WIN shares.
Agreed
Lithium chemicals in final stages? It's at the pilot plant stage. It was supposed to be finished in 2023. They need to build a commercial scale plant next. Where are the offtake customers? The feedstock to run through this imaginary plant? Financing? That project is years away & the lithium price has to recover first, other producers can't sell their products. How is NMT going to sell theirs?
I'll have to dig deeper and make a timeline of events and critical path
VRP should be making NMT shareholders rich, not giving it away for another "cents on the dollar" sale, just to net some royalties.
TBD, sometimes licensing a technology is the best decision and the one that makes you richer for minimal cost
MB will take their time.
It will but once in the proof of concept will have been made and paid for which will lead to other contracts
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