NMT 5.71% 7.4¢ neometals ltd

Disruptor being Disrupted by Itself and Others

  1. 785 Posts.
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    Technology to extract lithium from brines is being progressed by a number of companies around the world and while I don't fully understand the cheapest or best process it appears this will likely be the cheapest future for Lithium production.

    I can now make sense of the offer to sell Mt Marion to partners. Unfortunately, I think Gangfeng and Minerals Australia can also see the future and were not willing to stump up what would have been a reasonable price 6 months ago.

    Any offer (if one is forthcoming) from another party will be at a significant discount.

    Have been a long term holder and strong believer in Neometals and have topped up several times during the past 9 months only to see my original Cap Gain turn into a massive and unwelcomed paper loss.

    What to do from here
 
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