I`m 100% with your sentiment but I'm to blame why I did not...

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Sisukas

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09/03/24

08:43

Post #: 72824518
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Originally posted by ProCapitalism: ↑

Do you know what really gets under my skin?

Watch this Crux interview below, Chris "Where's my empty tin can" Reed says at the 3:05 mark that "last year NMT was a $1.1B MC & he couldn't work out why".

Neometals (ASX:NMT) - Commercializing Technologies to Generate Royalties - Dec '24 Pilot Countdown (youtube.com)

He doesn't know why?

HE DOESN'T KNOW WHY??

You have got to be kidding me!! Is this guy for real or what??

I'll tell you why, because investors here thought if they bought just the one stock, they would be getting 4 projects!!

Let's review, shall we?

First off, the lithium price was at an all time high & the claim by Chris "I want shareholders to pay my salary & not an income producing asset" Reed, is that NMT follows the lithium price. So there's one reason.

The company also had $50M in the bank & $30M in investments, so there's almost $80M in value just there alone.

Let's look at the timelines again, from mid 2022.

NEOMETALS LTD (ASX:NMT) - Ann: Quarterly Activities Report - September 2022, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

1. Battery recycling.

NMT had MB & investors also thought they were getting a 50tpd plant with Stelco. That 10tpd plant with MB turned into a 2.5tpd plant.

2. The VRP.

NMT had slay supply agreements in place along with Environmental permits & an FID was in the works.

3. Lithium chemicals.

The lithium refinery plant that moved from Kalgoorlie then to India & now Portugal, was supposed to have a demonstration plant up & running within 12 months.

4. Barrambie.

And mining probably wasn't too far away with that pile of dirt called Barrambie.

Not to mention this, the piece de resistance, from the website of NMT, in November of 2022.

NMT_04Nov22.pdf (neometals.com.au)

At the time there was 550M SOI, times $2 a share is $1.1B dollars!!

And Chris "Might be living off his past reputation" Reed doesn't understand why NMT had a MC of $1.1B.

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I`m 100% with your sentiment but I'm to blame why I did not (read your own signature) action when a long time ago I had thoughts something was not quite right with the company, CH deteriorating and the political climate Europe / US was facing.
I think most of us still here fell for the colored up posters and the sales pitch.
CR reminds me of falling for certain ceo (without all youtube videos) of an Australian platinum start up in Africa 15 years ago, that was a very..very expensive lesson for me that I didn't learn from either.

NMT Price at posting: 16.0¢ Sentiment: None Disclosure: Held
6 Upvote

0 Great analysis

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