Dunks and CP,
Loving the theory and evidence to support. Would explain why they weren't revealing much at the AGM. Team Reed were probably thinking that whole time that "we're gonna gobble up all those cheap shares while we can" (at the time we were @30cps). I suppose they've announced their intensions for the buy-back (ages ago) so perhaps there's no further requirement to announce commencement (makes commercial sense).
I must say that sitting in the AGM, I had the distinct feeling that the board knew half the attendees on a first name basis. Chris has previously stated that many of the shareholders are family and friends. With this in mind, it gives me confidence they are going to do everything they can to serve them right. I'm happy to be a part of the NMT fam.
So where are we?
-Mt Marion (worlds biggest Li concentrator) fired up and producing
-Possibility for MM expansion
-Li shipments commencing this month
-MIN and Gangfeng involvement
-Rights to 51% of mine production after 3 years
-Share buy-back (commenced or imminent)
-Big cash reserves
-No debt
-Buying up surrounding reserves ESR, HNR (others??)
-Planned build of Li hydroxide plant for battery grade product
-ASX300 next rebalance??
-Paying dividends
-ELi
-NeoMet Technologies and royalties
Barrambie Ti and V
-plus the rest!
What's not to like?
On a personal note, I just moved to Yamba NSW from Perth where I've been for the last 7 years. Going to miss walking past Neo HQ on Murray St getting that feeling that we're going places!!!
All IMHO of course!
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Mkt cap ! $93.13M |
Open | High | Low | Value | Volume |
15.0¢ | 15.3¢ | 13.5¢ | $581.4K | 4.094M |
Buyers (Bids)
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7 | 161087 | 13.0¢ |
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Price($) | Vol. | No. |
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14.0¢ | 71759 | 3 |
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8 | 653000 | 0.125 |
5 | 140715 | 0.120 |
5 | 128500 | 0.115 |
12 | 267782 | 0.110 |
Price($) | Vol. | No. |
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0.140 | 71759 | 3 |
0.145 | 189976 | 4 |
0.150 | 277004 | 4 |
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