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9.3¢ neometals ltd

Sorry, this was in response to my earlier post about the...

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thecrabpest

2,414 Posts.

1615

19/10/23

16:49

Post #: 70432143
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Originally posted by thecrabpest: ↑

What I think will happen here is NMT will sell more of the project than they would like in order to avert the need to raise funds.

So instead of selling 70% - 80% of the project, they may end up selling 80% - 90%, and retain a much smaller percentage.

There are a lot of positives with remain to this project, the long term binding off take with a tier 1 customer, 80% debt guarantee from the government, string green credentials (not that they are with a lot right now with the world in turmoil), and production costs on the lower end of the cost curve.

This will be a good short term outcome if this is what happens, but a bad long term outcome, no matter how he tries to spin it.

Chris will no doubt be humbled from the last 6 months.

The almost 90% decline in share price, the extremely low cash on hand, the sale of Mt Marion before the boom and the generous paying out of dividends that depleted the war chest.

I've got no doubt he's respected for his technical knowledge, but I strongly feel he'll need to work hard to re-establish himself as a great strategic thinker and CEO.

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Sorry, this was in response to my earlier post about the vanadium recovery project.

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NMT Price at posting: 29.5¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 9.3¢		Change 0.007(8.14%)		Mkt cap ! $57.92M

Open	High	Low	Value	Volume
8.5¢	9.4¢	8.5¢	$200.0K	2.223M

Buyers (Bids)

No.	Vol.	Price($)
1	3561	8.9¢

Sellers (Offers)

Price($)	Vol.	No.
9.4¢	62543	4

View Market Depth

No.	Vol.	Price($)
1	3561	0.089
3	14291	0.088
1	80000	0.086
11	419736	0.085
5	219783	0.084

Price($)	Vol.	No.
0.094	62543	4
0.095	1592	1
0.096	12903	1
0.100	21912	3
0.105	161796	3

Last trade - 16.10pm 04/07/2024 (20 minute delay)

NMT (ASX) Chart