Won't be a profit to NMT.The muppets first tried to get debt...

Won't be a profit to NMT.

The muppets first tried to get debt funding without any offtake agreement. Just incompetence and a laughable amount of ineptitude from management.
Then scrambled to find an offtake agreement, got one with Glencore for 5 years at all time price lows.
China already use the same method touted by NMT from slag, they after all have the largest stockpiles of slag.
another pilot project don't forget - confirmed by the inability for CM to raise equity funding for the project.

Recycling business model also looking dubious as NMTs business model has shifted as CR stated to allow battery manufacturers/OEMs closed loop and control of supply chain.
So, NMT will never own the product, So, they become a tolling company. Cents on the dollar with SMS the real winners making big margins on engineering contracts.
The market wanted and expected throughout and ownership of batteries by NMT, as that meant they would own the outputs and then be able to sell them.
What you have now, and what the market is valuing NMT on currently is the "hope" that they can secure "tolling" contracts.
Their recycling process is not special so that's not the valuable piece.

Nobody outside of the cheer squad on Hot copper is cheering this as profitable and "easy money". A Perth based development funding company trying to position themselves as a "tolling" company to the biggest manufacturers in the world. Unfortunately, lots of people will potentially have their hands burnt with NMT, and I will continue to warn and inform - draw the lines from basic business model to profitability. They may be profitable in the future, but valuations are highly inflated. Still overvalued, and long holders will sell eventually as the path to increasing share price is unclear, and so far proven that NMT achieved better share price gains when they stopped blatantly pumping up ridiculous announcements.

Purchase order with Mercedes? Who cares, it's a pilot, MB didn't pay for it and they have partnered with Chinese recyclers in China - Not to mention the cheer squad here fail to recognize no ownership of batteries or outputs by NMT - laughable.

bring on the cackle and gaggle.