Thanks mate. After reading an article in the AFR today regarding Magnis (asx: MNS), there are merits in your post. If the cheap loan for $1B is approved and the $150M grant is in the bank, i would think the people who approve the loan evaluated and accepted business case. I find it hard to believe they approve a $1B loan and give away $150M just for the sake of it. Hence i believe there is a reasonable chance nvx will succeed. I am interested to know why you think nvx is unlikely to succeed.
NVX new valuation of +324% at $3.52 per share, page-53
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