NMT 3.30% 9.4¢ neometals ltd

Don't read this announcement and thread then......

  1. 2,472 Posts.
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    Don't read this announcement and thread then...

    https://hotcopper.com.au/threads/ann-disposal-of-mt-marion-offtake-rights-for-a-30m.6093782/

    Even back in 2021 when NMT had over $100m in cash there was talk of NMT having to fund their share of the projects, and the potential for a cap raise on order to do so.

    Sure dividends were paid out (and who benefited most?), but now the most progressed and near term income revenue generating project has a for sale sign up?

    It's like to understand the details of how it all died so suddenly for the project. I can't help but think there's more to this situation.

    Even if Chris was to have raised the money to ensure the project was going ahead would have meant a guaranteed revenue stream in XX months.

    Honestly, what happened?
 
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