Hi sqe.

Yeah, still holding mate. Why wouldn't I be? I could have sold at 6 cents. Why sell now? I have to average down again at some point with more SOI. Unless something kicks off soon. HNR is still in talks with multiple feedstock partners. As you can imagine negotiating a business deal would be pretty complex. OEMs & alike will also want their cut. In the recent agreement, it cost HNR 20%. Some may want more or less.

There could be progress in the next 6 months, we'll find out in time.

HANNANS LTD (ASX:HNR) - Ann: Hannans - Market Development Agreement for UK, 67350811, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

What can I say? I trust NMT. It's their tech, they're the biggest SH & they've helped fund HNR for years. I'm hoping it was all done for a reason & it pays off. As far as I know, they're aiming for a 10tpd plant, so times that for 4 - 5 customers & HNR might have the equivalent of a 50tpd plant. But spread all over Europe & not one single 50tpd plant. So the current MC looks tiny compared to a possible MC of $200M. What if they can get a few 20tpd plants in the mix? Who knows.

There's a want & a need for this type of technology mate. The EU government is pushing for battery recycling & the end consumer is demanding it. They want clean technology.

It's risk v reward around here. The higher the risk, the bigger the reward, that's just how it works, I don't make the rules. Sure, I could go sink $25K into a blue chip stock & collect some dividends, then sell for $45K in 10 years. Or, I can make that kind of money & more in days here at HNR. Perhaps I could lose the lot. That's the casino called the ASX, & just like any gamble, you have to be in it to win it.

Yes, the SP is well off its highs but there are multiple factors at play. Some are the fault of HNR, some are Macro issues. You should know sqe, what happens to the speccy end of the market, when the RBA lifts interest rates at its fastest pace in generations, as pointed out by @L3NNONAD3

Anyway, you know my thoughts, the very post you're replying to expresses them. NMT has seen delays over the years, so it wouldn't surprise me if there were delays here too. If HNR can get their hands on enough feedstock, it could be worth the wait.