NVX 1.64% 62.0¢ novonix limited

The bar is getting lower and lower. Long gone are the days of...

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    The bar is getting lower and lower. Long gone are the days of "there is no way the share price can fall below the P66 purchase price of $2.8". Over the past half a year, it has become increasingly obvious that $1 is not providing any support either. Now we are talking about 70 cent target. Meanwhile I see that, unless massive market distortion happens in the near future, we are, in fact, likely to hit my next target of 50 cents. At that point, everyone will be blaming the "macro conditions" and "poor communication", whilst continuing to ignore the fact that it was the lack of fundamentals after all. There will be a lot of desperation and bitterness along with the main uprampers disappearing into the woodwork.
 
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