Because there's no material impact for years to come, until a...

Because there's no material impact for years to come, until a plant is built & producing a product. NMT wants to sit back & collect a measly royalty of 2.5%. Royalties only make sense if hundreds of these plants were going to get built over the decades to come.

I think it's Mt Marion 2.0, giving it all away for other shareholders to make money. It's one of the reasons NMT is still a hold for me. How do I know they're not going to sell or give away the battery recycling side of the business to MB? Or someone else? They've done it to every other project they've ever had. RIL might end up paying royalties to MB, not NMT.



NMT won't be funding it anymore & will leave it up to other entities to fund the project, while their share in the project gets whittled away to nothing through dilution. Perhaps if they didn't give away tens of millions of dollars to family & friends through dividends, NMT could have continued to fund the project & retain majority ownership.

NEOMETALS LTD (ASX:NMT) - General Neometals related news, 72924470, page-4368 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Perhaps this is another project being given away for cents on the dollar?

Yay!!