@kororoWith all due respect, I disagree with you! What I was...

@kororo

With all due respect, I disagree with you!

What I was trying to say - at that time when MBL dived 80-90% from its peak value - people deserted all investment banks due to the general negative sentiments towards IB. They do not care about future earning capacity etc. The market was all about fears.

This is similar in a way to Novonix, people do not care about the the fundamentals and future and how to value a 'growth' stocks.
People don't care about the most important facts:
1. EV will inevitably replace ICE engines in most countries due to the environmental policies
2. US's national policy is actively encouraging EV manufactuers to source batteries from within USA as batteries is a strategic resource.
The 150 millions USD grant is only the beginning!

People are selling Novonix because of the global monetary policy - global interest rate rises. However, is Nonovix really in heavy debt? I don't think so. According to the management, it will be cashflow positive really soon. Today's price IMHO is heavily discounted - and it won't be at this price level once it turns cashflow positive!

All IMHO. Good luck and DYOR!