NMT

2.04%

9.6¢ neometals ltd

Thanks Loop and Cornhulio,both of you have provided very...

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Latimerbrown

357 Posts.

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29/03/24

00:05

Post #: 73114067
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Originally posted by Loophole1: ↑

Hi Latimerbrown, Cornhulio reflects my thoughts on NMT
any sale income from Barrambie and vanadium from slag (both of which ready to sell) should negate the need for further cap raise provided the “hurt money” as Chris calls it is sufficient to fund us into commercial recycling plants with Merc, Stelco and others who may come forward.

Once the current spoke & plants are complete merc will consider the recovery and purity rates produced before contracting a commercial plant to be built, when that happens we should see a much improved share price.

Barrambie and vanadium from slag projects once sold should also produce longer term royalty income and make our share price more sustainable, the timeline to income and the lack of it has seen the share price collapse.

Looking oversold IMO news on a project sale as above should see share price recover.

I beat myself up for not taking more profit during the highs but strategy was always to see Barrambie deal done and recycling plants operational, that clouded my trading judgment on this one.

However nothing we can do about the current price, but like ProC and many others I’m hurting right now, more with value loss than cash loss as past dividends and early buy in I’m about evens.

It’s easy to trash everything NMT and management have done or are doing when such a huge retrace has occurred, but there are many reasons for that, not all managements doing, human nature is to seek to blame someone.

I try to take a more balanced approach, I see many positives here especially on recycling tech, and MB.
If you consider potential upside it’s a great top up or entry price, not investment should DYOR and all that.

Longer term I’d like to think we’ll do ok and remain long on NMT, sentiment changed from hold to buy, let’s hope we’r all here to celebrate when the time comes, GLAH, Loop.

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Thanks Loop and Cornhulio,

both of you have provided very informative answers, I believe as you do it is a waiting game.

Cheers

NMT Price at posting: 13.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 9.6¢		Change -0.002(2.04%)		Mkt cap ! $59.79M

Open	High	Low	Value	Volume
9.8¢	10.0¢	9.3¢	$144.7K	1.514M

Buyers (Bids)

No.	Vol.	Price($)
1	17905	9.5¢

Sellers (Offers)

Price($)	Vol.	No.
9.6¢	217806	2

View Market Depth

No.	Vol.	Price($)
1	17905	0.095
1	160000	0.094
4	26495	0.093
5	48488	0.091
10	209491	0.090

Price($)	Vol.	No.
0.096	160000	1
0.098	14000	2
0.100	341643	6
0.105	566425	7
0.110	162786	6

Last trade - 16.10pm 21/06/2024 (20 minute delay)

NMT (ASX) Chart

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