NMT neometals ltd

1.37%

7.2¢

"If they’d done a good job we wouldn’t have cared about the lack...

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Hingdog

25,247 Posts.

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30/10/23

18:49

Post #: 70623319
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Originally posted by Wellconsidered ↑

I was just sadly reflecting on my bad judgement in buying Neometals late last year. I was taken by the battery recycling idea.
And now that I peruse their website more closely it jumps out that they were never interested in the shareholders - if they had they would have gone to some trouble to look as though they were a company of this age.
Instead, the photo banners across the top of the both the Board of Management and Senior Management websites are of comfortable looking men of a certain demographic sitting around a table. If they’d done a good job we wouldn’t have cared about the lack of diversity.
Yet more and more (is it Bloomberg?) has done the studies that tell us - shock and horror - diverse committees make better decisions.
I feel very sad to have been taken for a ride by the same types that pervades many of the board rooms and executive suites of this country.
I now fear that there never really was any intention to make a go of this business - that the idea was that it would give a bunch of directors and senior managers a few years of bloated income at the expense of the shareholders.
Note to self.
Look carefully at more than the business proposition next time.

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"If they’d done a good job we wouldn’t have cared about the lack of diversity."

LOL If I see a company board full of diversity plants I run a mile. Race, gender, age etc should have nothing to do with selecting people for board/management positions.

Reality is 99%++ of companies at this end of the market don't make it, "long term investors" punting on specs may as well be buying lotto tickets

NMT Price at posting: 23.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 7.2¢		Change -0.001(1.37%)		Mkt cap ! $55.39M

Open	High	Low	Value	Volume
7.3¢	7.3¢	7.0¢	$103.0K	1.434M

Buyers (Bids)

No.	Vol.	Price($)
2	146786	7.1¢

Sellers (Offers)

Price($)	Vol.	No.
7.2¢	3363	1

View Market Depth

No.	Vol.	Price($)
1	62112	0.071
4	224000	0.070
2	53650	0.069
2	154459	0.068
4	171400	0.067

Price($)	Vol.	No.
0.073	9087	1
0.078	96516	1
0.080	36036	3
0.083	17000	1
0.085	525	1

Last trade - 15.59pm 27/06/2025 (20 minute delay)

NMT (ASX) Chart

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