I think people trying to read too much into this.
There is probably more to this than any of us are aware of. I think the relationship between the 3 companies, NMT, HNR and of course Critical is deep and there are plans that will be evident over time. What those plans are, we can all guess, for now.
What I do know is that Chris Reed appears to be a smart operator.
NMT, the core Primobius deal with SMS is a winner. NMT been divesting some mining assets, and shareholders get the benefit.
The deal with HNR is an interesting one, I am actually a fan of licensing agreements, it provides income and spreads risk on what is a bit of a feeding frenzy in the recycling industry. We know management is close and we know NMT LARGE shareholder HNR. Win, Win.
I think there is something larger at play here. Would not be surprised in 5 years time (total guess), you see a merger of NMT/HNR and maybe something involving Critical as well.
This EV battery value/supply chain industry is only in its infancy, and we know it is going to be HUGE because governments want the world to move away from the internal combustion engine.
I own NMT, and I jumped on HNR sub 2c when I saw the news, I sold 50% at 4.2c, and now have free carry on a reasonable parcel. I am lucky enough to be free carry NMT as well. They are both tucked away in my portfolio.
I repeat that I think there is a medium to long term plan between these companies, and I want to be part of it.
DYOR & GLTAH.
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