NMT neometals ltd

4.17%

6.9¢

I want to put this debate to rest about David selling. It wasn't...

First 4113 Last

Share
Profile

Follow
ProCapitalism

5,839 Posts.

1927

13/01/24

14:48

Post #: 71863978
Share

I want to put this debate to rest about David selling. It wasn't just before any ann as some have claimed, it was over a two year period.

Below is a chart of NMT & I've mapped out roughly where all the buying & selling was. It's a weekly chart, but the individual sales were spread over days, so some of these arrows represent multiple selling over days/weeks. For the sake of simplicity, I've put the arrows in roughly where the sales took place.

The red arrows are sells.

The green arrows are buys.

NEOMETALS LTD (ASX:NMT) - Ann: Change in substantial holding, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

He's still a substantial holder.

NEOMETALS LTD (ASX:NMT) - Ann: Annual Report to shareholders, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Originally posted by ProCapitalism: ↑

"why did his dad flog off 5 million shares a week or so before 4 terrible announcements."

He's moved into retirement. You spend your younger years accumulating wealth, then, as you age, that process reverses. You start to spend down your wealth. Aim to die with zero dollars!! Would you want to die with $5M in the bank? Or start spending it before you're six feet under? Everyone deserves a retirement after a lifetime of work. He still holds a substantial amount of shares in NMT.
"why didn’t he cap raise at higher levels."

Who would cough up the dough? Which soph or insto would be stupid enough to provide funding to NMT at higher levels without any guarantee of success? Just so they can be diluted themselves at some point in the future at lower levels.

"why didn’t he cut of a branch of the tech tree and sell to prevent dilution."

Great question. Personally, it's not something I would like to see happen. I would prefer NMT holds onto their projects, instead of making other shareholders rich.

"why not cap raise to fund a project, why cap raise to fund substantial corporate costs(wages)."
Which project? The VRP? CM couldn't raise enough money to fund their part of the transaction. That's part of the problem. But I think something has gone awry here. Perhaps they didn't shake the tin can hard enough at investment conferences, if they even attended any at all. The EIB wanted in though, so there was interest in the marketplace for that project. Perhaps CM & NMT didn't sell the project hard enough to their own shareholders. I don't know.

NEOMETALS LTD (ASX:NMT) - Nothing goes straight up...well very very rarely, 71855955, page-5 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

"why does he say we have a book build but doesn’t reveal who, where, size etc."
Great question.

"why he states another Chinese company is interested in Barrambie then nothing"

I think Barrambie is another unicorn. It's been on the books for how long now? 20 years? 30 years? I don't know. What I do know is a valuable asset doesn't just sit there to rot! A true, valuable asset gets snapped up immediately, in order to prevent any competition from moving in. Think about it. When they found gold at Ballarat, did it sit there for 30 years while they worked out what to do with it? HELL NO!

How gold changed Ballarat | City of Ballarat

"why have the so called cheapest lithium find ever days before initiating the capital raise."I think it was a pump to help push the SP back up. I think Chris is probably using his reputation in lithium mining to try & increase the level of confidence in the stock. It's one of the reasons why I believe Chris Reed is living off his past reputation & not his current work performance.

NEOMETALS LTD (ASX:NMT) - Ann: Neometals Discovers Spodumene-bearing Pegmatite at Spargos, 70860196, page-4 - HotCopper | ASX Share Prices, Stock Market & Share Trading ForumSome of my thoughts.

Expand

NMT Price at posting: 20.0¢ Sentiment: Hold Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

SGQ

St George banks $5M from placement to ramp up Araxá Rare Earths Project

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

RNU

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

Most investors will get this earnings season wrong. Will you?

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

FTL

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

ASE

Astute delivers high-grade lithium hits at Red Mountain

First 4113 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 6.9¢		Change -0.003(4.17%)		Mkt cap ! $53.09M

Open	High	Low	Value	Volume
7.0¢	7.1¢	6.9¢	$6.233K	89.80K

Buyers (Bids)

No.	Vol.	Price($)
2	17640	6.8¢

Sellers (Offers)

Price($)	Vol.	No.
7.0¢	34275	1

View Market Depth

No.	Vol.	Price($)
2	17640	0.068
1	14925	0.067
3	45302	0.066
5	924384	0.065
4	287857	0.063

Price($)	Vol.	No.
0.070	34275	1
0.071	20000	1
0.072	18181	1
0.074	15000	1
0.075	328070	4

Last trade - 15.59pm 25/07/2025 (20 minute delay)

NMT (ASX) Chart

I want to put this debate to rest about David selling. It wasn't...

St George banks $5M from placement to ramp up Araxá Rare Earths Project

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

Most investors will get this earnings season wrong. Will you?

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

Astute delivers high-grade lithium hits at Red Mountain

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

I want to put this debate to rest about David selling. It wasn't...

Top Stories

St George banks $5M from placement to ramp up Araxá Rare Earths Project

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

Most investors will get this earnings season wrong. Will you?

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

Astute delivers high-grade lithium hits at Red Mountain

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News