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0.92%

54.0¢ novonix limited

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Proga

5,114 Posts.

872

12/03/24

19:36

Post #: 72855743
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Originally posted by Joey6: ↑

I think everything you have said is reasonable. On the flip side, specifically referring to Novonix and the broader isolationism that will impact the industry, they are approaching 'make or break' territory. The end of this year or early next year should have Novonix start to make more meaningful revenues. That's not to mention that this newsagency is already making 10m revenue a year on a run-rate basis, and is the market leader in testing batteries. Hardly nothing. That said, with likely additional binding offtakes to come in the next 6-12 months, a DOE loan and a greenfield site announcement, there is plenty to come imo. Novonix has been derisked significantly over the last 12 months. The golden question is, can they continue producing high-quality anode at scale, at 10k-20ktpa? Again, I'm not too interested in the share price over the next 6-12 months provided they continue to meet key milestones, but I wouldn't be surprised if we are looking at a healthier share price in that time then what we are currently seeing.

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and NVX isn't being heavily shortered. So any increase in SP isn't being blunted by the shorters via increased short volume

NVX Price at posting: $1.00 Sentiment: Buy Disclosure: Held
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(20min delay)
Last 54.0¢		Change -0.005(0.92%)		Mkt cap ! $266.5M

Open	High	Low	Value	Volume
53.5¢	55.5¢	53.5¢	$503.0K	932.6K

Buyers (Bids)

No.	Vol.	Price($)
2	11847	54.0¢

Sellers (Offers)

Price($)	Vol.	No.
55.0¢	4920	2

View Market Depth

No.	Vol.	Price($)
2	11847	0.540
3	12599	0.535
19	316322	0.530
10	56640	0.525
7	41889	0.520

Price($)	Vol.	No.
0.550	4920	2
0.555	1500	1
0.560	20610	2
0.565	10000	1
0.570	15283	2

Last trade - 16.10pm 09/09/2024 (20 minute delay)

NVX (ASX) Chart