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
Disruptor being Disrupted by Itself and Others
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Last
9.6¢ |
Change
-0.002(2.04%) |
Mkt cap ! $59.79M | |||
| Open | High | Low | Value | Volume |
| 9.8¢ | 10.0¢ | 9.3¢ | $144.7K | 1.514M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 17905 | 9.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.6¢ | 217806 | 2 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| NMT (ASX) Chart |