I was hearing these same negative statements when Novonix's share price was at 28c. One major announcement, their DPMG breakthrough and it surged to $0.58c, then a second major announcement, the Single Crystal Cathode DPMG and it surged again to $1.54, and has since settled around these levels.
Novonix's share price rose by 40% in the hour before last Friday's webinar on expectations of some sort of Supply Agreement or License/Royalty Agreement ASX announcement.
When they didn't eventuate, it came back down.
When Novonix announces any one of these as a Supply Agreement/License Agreements, which will also unlock the US Govt Loans for rapid expansion and new PUREgraphite factories, its share price will hit new highs and continue to climb as more and more Supply Agreements are announced on the ASX.
Whoever is trading NVX or has sold out, is taking a significant risk of missing out on the next leg up in the share price....
Oh BTW! Interesting developments in the Tesla world........Tesla's Musk says open to supplying batteries to other automakers
https://www.reuters.com/article/us-tesla-batteries/teslas-musk-says-open-to-supplying-batteries-to-other-automakers-idUSKCN24U0E1
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I was hearing these same negative statements when Novonix's...
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