I agree with much of what you say. But unfortunately, some of us top up last year expecting an FID for the VRP in December 2022.
People don't invest in speculative stocks when they're facing higher interest rates and inflation. Hence the current SP.
The stock market isn't numbers on a screen, it's people buying & selling stock. When the masses are facing increased mortgage stress & higher living cost without an increase in pay, the first thought that goes through their mind isn't "geez, I really need to buy a battery recycling company". They're thinking, "how am I going to pay the mortgage next month".
The constant delays doesn't help the situation.
The FID for the VRP is due within weeks, fingers crossed.
NMT Price at posting:
47.0¢ Sentiment: Buy Disclosure: Held
