SYA Millionaires Club, page-24

Yeah but appropriate analysis would have suggested that Novonix was only ever going to be round a 20% genuine ' POP ' in the SP. And look where we are. Almost back at that point. You have to remember where we came from those 12.0 - 12.5 levels and 23.0 cents by 23rd levels. And again inclusion to the ASX S&P was only going to deliver a ' Historical ' rise in the SP as well. And initially we were trailing our other peers in this category for a few days before we actually fired ourselves.

So yesterday's ' overshoot ' if you like ....and in my opinion was more to do with and as a result of the ' Guidance ' and commentary which was added to the Novonix announcement as well as those comments in relation to the DFS.

Because everyone already knew that NAL's spod had already been tested to 99.5 - 99.6% purity ....so it was only Authier's ore for the ' Blending ' process for NAL which effectively ' sets up ' the DFS economics when it comes. So the Market is only going to reward so much for that until it actually sees the DFS ....which I feel the Market was anticipating sooner than later - which is why it went to 38.5 cents today.

So these movements not only tell you something in addition to what we already know , but virtually re-affirm what the next price expectation will be when we finally get it.

In other words , grab them while you can and while it hovers around the 30.0 - 31.0 or just above for your 33.3% gain or a little more when the DFS actually comes in. And that is just my read on it. Funding of course is a completely separate issue as I pointed out in my post to Wallaby yesterday.