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10.5¢ neometals ltd

I agree, I don't think shorters are to blame, and since NMT...

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Melen100

1,092 Posts.

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16/02/24

19:24

Post #: 72451935
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Originally posted by KingKong166: ↑

With the recent rebound of all ASX listed Lithium shares, it is suggested NMT is highly disconnected with Lithium price.
The biggest pressure is when the company can generate revenue and maybe also when is the next CR.
It is frustrated to see where SP is sitting and after removal of all emotions, I would suggest this isn't too much related with shorters as well.
I would like to believe there are some strategic mistakes made by the management team. A good management team involves some reflection, not just insisting their wrong direction and cash flow is one of the key factors for operation.
The last hope remains with the recycling and it depends on how deep the EV revolution is driving through, it could take years for that needs to happen.
So be realistic.
My sentiment is holding only because there's no other rational options.
Good luck all.

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I agree, I don't think shorters are to blame, and since NMT isn't a lithium miner yet either, this is also irrelevant. The market is fully aware revenue is a couple of years away, so the value of the shares dropped after some enthusiasm about "recycling" and rightly so

Look at Li-cycle, this is not going to be easy.

Last edited by Melen100: 16/02/24

NMT Price at posting: 14.5¢ Sentiment: Hold Disclosure: Held
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