NMT 1.18% 8.6¢ neometals ltd

No matter how you look at it, it is not good news.75% of their...

  1. 2,452 Posts.
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    No matter how you look at it, it is not good news.

    75% of their projects are now dead in the water, and are extremely unlikely to offer near term value despite millions of dollars being "invested".

    There are 2 quarters remaining, and shareholders will need to chip in anyways, unless the company can perform some magic - which they haven't been able to do for a long time.

    They don't own 100% of the battery recycling project, so the headline numbers you read need to be adjusted accordingly.

    I honestly feel there is a lot more red to be experienced before there is sustainable green.
 
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