Hi Pricebargain, I would not expect NMT to offer a dividend for...

Hi Pricebargain, I would not expect NMT to offer a dividend for the next few years as they need cash to progress several projects to revenue. NMT have a good record of paying dividends when revenue/cash requirements will support it but I do not expect that to be soon. Happy to be wrong on that but I think all the cash in the bank will be required to pay our share of Battery Recycling, Vanadium recovery etc. The MD has stated that they will need to raise capital once FID on these projects is reached (i.e. 2022/3). I expect Barrambie to be spun out at some stage - perhaps once the offtake agreement details are known.
Cheers SC