NMT 7.29% 8.9¢ neometals ltd

After watching the crux interview i hardly know where to start1....

  1. 121 Posts.
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    After watching the crux interview i hardly know where to start
    1. Capital raising incoming- requirements by a supporting broker- Raise size $20- $30m IMO
    (a) demonstrate that the business is cutting costs. This means cutting staff and salaries including the MD's. Not simply moving staff around which is like shuffling the deck chairs on the titanic
    (b) Dealing with the outstanding - contingent liability at point 13. in the half yearly ASX announcement 13/3/ 2023
    (c) corralling the short sellers to support the raise and cover their positions
    (d) board renewal
    Comments
    2.Looks like no meaningful cash flow until 2026
    3. Chris talking about PE's of 70 is delusional
    4. Spodumene discovery talk is wildly premature

    waiting for the raise to add to my position assuming the points at 1. are largely met
    GLTAH
 
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