NMT

0.00%

11.5¢ neometals ltd

General Neometals related news, page-4324

First 4324 Last

Share
Profile

Follow
ProCapitalism

4,491 Posts.

1609

26/02/24

08:52

Post #: 72589999
Share

Originally posted by Loophole1: ↑

Hi ProC, I do recall the terms of NMT rights to BUY the spodumene from Gangfen was conditional upon NMT being able to improve its value by processing, and I always wonder if these plants where simply to rattle Gangfen who thinking NMT may be able to meet the purchase conditions and buy some 56k tonne per year, decided to buy NMT out that contract for $30m, such was the demand for spodumene back in the day.
Also ( and this from memory so not 100% sure ) did not both MIN and Gangfen have the right to buy more of NMT share in Mount Marion? ie it was contracted in as part of the early negotiations with both in order to get them to fund the concentrator and agree the off-take.
I’m not sure that NMT had a choice to hold a stake in Mount Marion as both MIN and Gangfen continued to exercised their rights to buy in phases could be wrong and cont be bothered digging that far back as would change nothing.

Barrambie is dirt, but is the worlds second highest grade titanium deposit? With pig iron and vanadium and it’s a massive 80m deep drilled open at end.
I’d like to think it must have some value and could be sold or mined with JV partner, thoughts are Chris was relying on the Chinese off take deal proceeding but market changes caused Chinese to pull the deal.

Chris out seeking investors so I’m not knocking him for that, what would you rather he be doing crux interviews, perhaps but pointless until he has news.

MB will still need plenty batteries recycled, the question is our timeline to a royalty paying plant, but even a contract for one would be enough as we could borrow against that if needs be or simply do a royalty deal and again borrow against future royalty income.
So in my mind we don’t need wait until a plant up and running, we need a signed contract or royalty agreement for one.

Off course we need to build the hub and prove to MB the recover/ purity rates (and I’m confident we’ll tick that box), after which MB must decide how they wish to proceed.
Until then NMT need to get some other deal to fly, the Eli, or sell V from Slag deal, Barrambie, Stelco or another recycling deal to bring cash in, these are potentially high value projects so any one might be enough.
Certainly testing times thats for sure and I fully understand your sentiment ProC, Loop.

Expand

I think you're being too kind Loop.

I'm actually doing my very best to bite my tongue around here. Mostly out of respect for you & a few other posters.

Looking into my crystal ball, I see a lot of posters on these threads are going to hate me, no joke, despise me. I've had entire forums come after me when I started poking holes in the company's plans.

If shareholders don't wake up to what's happening, the "status quo" will continue.

I've got a "red pill" in my hand & I'm going force everyone to swallow it.

Last edited by ProCapitalism: 26/02/24

NMT Price at posting: 13.5¢ Sentiment: Hold Disclosure: Held
5 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 122 more messages in this thread...

First 4324 Last

Add NMT (ASX) to my watchlist

(20min delay)
Last 11.5¢		Change 0.000(0.00%)		Mkt cap ! $71.62M

Open	High	Low	Value	Volume
12.0¢	13.0¢	11.5¢	$229.7K	1.868M

Buyers (Bids)

No.	Vol.	Price($)
7	208344	11.5¢

Sellers (Offers)

Price($)	Vol.	No.
12.0¢	1443	1

View Market Depth

No.	Vol.	Price($)
6	199649	0.115
11	322840	0.110
16	556432	0.105
23	901270	0.100
8	609492	0.099

Price($)	Vol.	No.
0.120	1443	1
0.125	245100	3
0.130	275586	8
0.135	329716	9
0.140	126633	4

Last trade - 16.10pm 27/05/2024 (20 minute delay)


Last 11.5¢		Change 0.000 ( 2.04 %)
Open	High	Low	Volume
12.0¢	13.0¢	11.5¢	826009
Last updated 15.59pm 27/05/2024 ?

NMT (ASX) Chart

General Neometals related news, page-4324

Featured News

Critical minerals bounty in Angola points to prospect extension for Tyranna

Market Close: ASX edges up with mostly smiles on green dials

Elixir reports rise of 328% in contingent resources at QLD gas project

Market Update: ASX turns green with real estate flowering

Beamtree score $3.6M contract to expand hospital technology into Saudi Arabia

Buyers (Bids)

Sellers (Offers)

Featured News

General Neometals related news, page-4324

Featured News

Top Stories

Critical minerals bounty in Angola points to prospect extension for Tyranna

Market Close: ASX edges up with mostly smiles on green dials

Elixir reports rise of 328% in contingent resources at QLD gas project

Market Update: ASX turns green with real estate flowering

Beamtree score $3.6M contract to expand hospital technology into Saudi Arabia

Buyers (Bids)

Sellers (Offers)

Featured News