My point here though is that if these tariffs are enacted which is seems very likely they will, this will be a HUGE strategic advantage for NVX in that OEMs in North America will have to come looking for local suppliers which hopefully by that stage NVX is positioned to take advantage of. I still believe we are in a great position strategically, it is just operationally we need management to pull there fingers out. We still have cash and yes we are burning it but we also are very close to producing and when we do that cash will stop burning and we can start replacing that cash and re-invest into the company.
NVX Price at posting:
42.5¢ Sentiment: Buy Disclosure: Held
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