- Joined
- 3 July 2009
- Posts
- 27,044
- Reactions
- 23,578
Now we just have to see if it's profitable and if so, how profitable and 2026 is a while away.
IDH
IDH
NMT - Neometals Limited
- Thread starter chicken
- Start date
- Joined
- 30 June 2008
- Posts
- 15,357
- Reactions
- 7,232
They have the beginning product. Its in storage plus they have 10 year supply deal.
They have a substantial amount of the IT and engineering smarts to refine the slag and pull out the Vanadium.
They have a Buyer who will take all product at the going market price.
The Buyer also has experience and skills in dealing with this product and has offered the IP to NMT
They are in the process of getting the finance to build the plant. It is very unlikely bankers will pony up big licks for a venture that doesn't have legs.
The most recent feasibility study on the project indicated excellent profitability.
Neometals [ASX:NMT] Provides Feasibility Study Results for Vanadium
By Mahlia Stewart, 08/03/2023
Locally-owned lithium-ion battery recycling group Neometals [ASX:NMT] has confirmed an improvement to NPV (net present value) for its latest Preliminary Feasibility Study (PFS) to recover vanadium in Finland.
The PFS revealed a 40% increase in pre-tax NPV to US$323 million compared with the previous preliminary study, and confirmed a strategic average annual production of 19.1 million pounds a year (8,655 tonnes).
NMT dropped more than 3% this morning to 70 cents a share. The critical battery materials recycling firm has been battered by 20% in the last week and 48% in the year.
In both its sector and the S&P 200, NMT is trading down around 50%:
Neometals [ASX:NMT] Provides Feasibility Study Results for Vanadium - Daily Reckoning Australia
Shares were falling more than 3% for Neometals critical battery materials recycler, even as the group updated shareholders that its latest PFS revealed a 40% increase in pre-tax NPV to US$323 million.
www.dailyreckoning.com.au
- Joined
- 3 July 2009
- Posts
- 27,044
- Reactions
- 23,578
Hopefully the Primobius plant proves highly effective, they aren't the only ones in this space.
Former Tesla exec signs new recycling deal as battery costs soar
The booming EV plans may mean the industry has to look at recycling batteries as a new source for key minerals.
IDH
- Joined
- 3 May 2019
- Posts
- 6,182
- Reactions
- 9,669
- Joined
- 3 July 2009
- Posts
- 27,044
- Reactions
- 23,578
That is the question:
IDH - I do hold.
IDNH- I do not hold.
That is the answer to the TLA and the FLA.
- Joined
- 30 June 2008
- Posts
- 15,357
- Reactions
- 7,232
Release of Quarterly Activities report and Financial statements. Lot of balls in the air. Commercialisation of all the projects seems close. But obviously the rubber has to hit the road. Plenty of detail in the full report.
QUARTERLY ACTIVITIES REPORT
For the quarter ended 30 June 2023
Highlights
CORPORATE
• Cash balance A$24.6 million, investments of A$19.9 million and no debt.
CORE BATTERY MATERIALS BUSINESS UNITS
Lithium-ion Battery (“LIB”) Recycling (50% NMT via Primobius GmbH, an incorporated JV with SMS group GmbH)
• Successful demonstration trial of process improvements to the refinery ‘Hub’ yielded outstanding recovery results exceeding EU Battery Regulation requirements - nickel, cobalt and copper recoveries (>95%), lithium (pending, previously >83%);
• Finalising engineering cost study (“ECS”) for Hub section of a ~50tpd (21,000tpa) integrated LiB recycling plant; and
• Finalising front-end-engineering (FEED) and mechanical package supply contracts for 10tpd Mercedes Benz Spoke.
Vanadium Recovery (“VRP”) (72.5% NMT via Recycling Industries Scandinavia AB (“RISAB”), an incorporated JV with Critical Metals Ltd)
• Ownership in the Finnish Vanadium Recovery Project (“VRP1”) JV company increased to 72.5%;
• Financial Investment Decision (“FID”) deadline for VRP1 extended until 30th September 2023 to align with approval timelines of banking syndicate led by the European Investment Bank; and
• Execution of Glencore offtake agreement for 100% of vanadium products subsequent to quarter end, removing volume risk and satisfying a key condition of debt financiers.
Lithium Chemicals (earning into potential 50:50 JV with Bondalti Chemicals SA via Reed Advanced Materials Pty Ltd (“RAM”) (70% NMT, 30% Mineral Resources Ltd)
• Confirmation of potential industry-leading operating costs (€1,768/t lithium hydroxide) for the proprietary, patented ELi™ process in engineering cost study (“ECS”) on a proposed 25,000tpa lithium-brine conversion plant in Portugal;
• Commencement of pilot test work program in Canada with focus on brine purification stage before electrolysis; and
• Design work advanced on planned demonstration plant at Bondalti’s Estarreja chlor-alkali operation.
UPSTREAM – MINERAL EXTRACTION
Barrambie Titanium and Vanadium (“Barrambie”) (100% NMT)
• Pre-feasibility study update for direct shipping (“DSO”) and mixed gravity concentrate (“MGC”) operation delivers ~$A375 NPV10 over a 13-year operation with a 2.9yr payback at an IRR of 45% p.a.; and
• Continued negotiations for binding offtake agreement with Jiuxing Titanium and contract mining and crushing contractors to minimise capital outlay and maximise intrinsic value of Barrambie for shareholders.
QUARTERLY ACTIVITIES REPORT
For the quarter ended 30 June 2023
Highlights
CORPORATE
• Cash balance A$24.6 million, investments of A$19.9 million and no debt.
CORE BATTERY MATERIALS BUSINESS UNITS
Lithium-ion Battery (“LIB”) Recycling (50% NMT via Primobius GmbH, an incorporated JV with SMS group GmbH)
• Successful demonstration trial of process improvements to the refinery ‘Hub’ yielded outstanding recovery results exceeding EU Battery Regulation requirements - nickel, cobalt and copper recoveries (>95%), lithium (pending, previously >83%);
• Finalising engineering cost study (“ECS”) for Hub section of a ~50tpd (21,000tpa) integrated LiB recycling plant; and
• Finalising front-end-engineering (FEED) and mechanical package supply contracts for 10tpd Mercedes Benz Spoke.
Vanadium Recovery (“VRP”) (72.5% NMT via Recycling Industries Scandinavia AB (“RISAB”), an incorporated JV with Critical Metals Ltd)
• Ownership in the Finnish Vanadium Recovery Project (“VRP1”) JV company increased to 72.5%;
• Financial Investment Decision (“FID”) deadline for VRP1 extended until 30th September 2023 to align with approval timelines of banking syndicate led by the European Investment Bank; and
• Execution of Glencore offtake agreement for 100% of vanadium products subsequent to quarter end, removing volume risk and satisfying a key condition of debt financiers.
Lithium Chemicals (earning into potential 50:50 JV with Bondalti Chemicals SA via Reed Advanced Materials Pty Ltd (“RAM”) (70% NMT, 30% Mineral Resources Ltd)
• Confirmation of potential industry-leading operating costs (€1,768/t lithium hydroxide) for the proprietary, patented ELi™ process in engineering cost study (“ECS”) on a proposed 25,000tpa lithium-brine conversion plant in Portugal;
• Commencement of pilot test work program in Canada with focus on brine purification stage before electrolysis; and
• Design work advanced on planned demonstration plant at Bondalti’s Estarreja chlor-alkali operation.
UPSTREAM – MINERAL EXTRACTION
Barrambie Titanium and Vanadium (“Barrambie”) (100% NMT)
• Pre-feasibility study update for direct shipping (“DSO”) and mixed gravity concentrate (“MGC”) operation delivers ~$A375 NPV10 over a 13-year operation with a 2.9yr payback at an IRR of 45% p.a.; and
• Continued negotiations for binding offtake agreement with Jiuxing Titanium and contract mining and crushing contractors to minimise capital outlay and maximise intrinsic value of Barrambie for shareholders.
| |
- Joined
- 19 October 2005
- Posts
- 4,128
- Reactions
- 6,066
What you've all been waiting for - my chart ruminations.
Strikes me as a chart with positive possibilties, yet to manifest.
My notional observations on the WEEKLY chart are:
Topped out with a bearish engulfing candle 1st week of April 2022. This was also the tip of a head and shoulders pattern, - target 50 - 40c.
Could this conform to an 'Andrews Pitchfork' containment pattern?
Strong Inner downtrend line of resistance beginning 1st week of Oct 2022. It's up against that rail again now.
The last week of May 2023 showed a big vote of support with a high volume bullish candle (bullish kicking? Never known what to call it)
Since then smallish bodied candles with divergent momentum.
Verdict: Chance of a significant low if it can finish a week above 50c.
Don't know a thing about the fundamentals but like the sound of the business. Over to the resident pedagogue @DrBourse
Not Held
WEEKLY
Strikes me as a chart with positive possibilties, yet to manifest.
My notional observations on the WEEKLY chart are:
Topped out with a bearish engulfing candle 1st week of April 2022. This was also the tip of a head and shoulders pattern, - target 50 - 40c.
Could this conform to an 'Andrews Pitchfork' containment pattern?
Strong Inner downtrend line of resistance beginning 1st week of Oct 2022. It's up against that rail again now.
The last week of May 2023 showed a big vote of support with a high volume bullish candle (bullish kicking? Never known what to call it)
Since then smallish bodied candles with divergent momentum.
Verdict: Chance of a significant low if it can finish a week above 50c.
Don't know a thing about the fundamentals but like the sound of the business. Over to the resident pedagogue @DrBourse
Not Held
WEEKLY
DrBourse
If you don't Ask, you don't Get.
- Joined
- 14 January 2010
- Posts
- 888
- Reactions
- 2,088
Hmmmmmmmm.....
- Joined
- 30 June 2008
- Posts
- 15,357
- Reactions
- 7,232
NMT released the figures for its 50 tpd battery recycling proposition. Looks promising and profitable. Lets see who comes on board to make it fly.
Battery Recycling ‘Hub’ Engineering Cost Study Results
Highlights
• Successful completion of the Engineering Cost Study (“ECS”) for the hydrometallurgical refinery (‘Hub’) section of a 21,000tpa (~50tpd) Primobius lithium-ion battery (“LiB”) recycling facility;
• The Hub refines “Black Mass”1 produced from Primobius’ shredding (‘Spoke’) plant, producing crystalline nickel, cobalt and lithium products, amongst others, for use in making new LiBs;
• Hub ECS total capital costs of €274M (including 15% contingency) and annual operating cost of €56M have been estimated to +/-25% accuracy;
• Fully integrated Spoke2 and Hub capital cost are estimated at €377M3, with annual operating costs estimated at €83M3 or €3,9733 per tonne of LiB fed into the Spoke per annum;
• Lithium product is the largest revenue stream and expected to be lowest cost quartile; and
• Hub ECS completion allows Primobius to demonstrate the economics of its integrated LiB recycling plant packages to existing customers, partners and new customers.
Emerging sustainable battery materials producer, Neometals Ltd (ASX: NMT & AIM: NMT) (“Neometals” or “the Company”) is pleased to announce the successful completion by Primobius GmbH (“Primobius”) of the ECS for the Hub part (component) of a 21,000 tonnes per annum (“tpa”) fully integrated LiB recycling plant. Primobius is the joint venture company owned 50:50 by Neometals and SMS group GmbH (“SMS”)4 that is commercialising proprietary LiB recycling technology originally developed by Neometals (“Recycling Technology”).
The Hub is designed to process 12,000tpa of concentrate comprised of the anode and cathode materials (“Black Mass”) arising from the processing of 21,000tpa of LiB modules and cells in the Spoke. The Hub can process cells and modules in multiple formats (i.e. pouches, prismatics and cylindricals) and cathode chemistries (NMC, NCA and LCO) from electric vehicle and consumer electronic batteries.
Battery Recycling ‘Hub’ Engineering Cost Study Results
Highlights
• Successful completion of the Engineering Cost Study (“ECS”) for the hydrometallurgical refinery (‘Hub’) section of a 21,000tpa (~50tpd) Primobius lithium-ion battery (“LiB”) recycling facility;
• The Hub refines “Black Mass”1 produced from Primobius’ shredding (‘Spoke’) plant, producing crystalline nickel, cobalt and lithium products, amongst others, for use in making new LiBs;
• Hub ECS total capital costs of €274M (including 15% contingency) and annual operating cost of €56M have been estimated to +/-25% accuracy;
• Fully integrated Spoke2 and Hub capital cost are estimated at €377M3, with annual operating costs estimated at €83M3 or €3,9733 per tonne of LiB fed into the Spoke per annum;
• Lithium product is the largest revenue stream and expected to be lowest cost quartile; and
• Hub ECS completion allows Primobius to demonstrate the economics of its integrated LiB recycling plant packages to existing customers, partners and new customers.
Emerging sustainable battery materials producer, Neometals Ltd (ASX: NMT & AIM: NMT) (“Neometals” or “the Company”) is pleased to announce the successful completion by Primobius GmbH (“Primobius”) of the ECS for the Hub part (component) of a 21,000 tonnes per annum (“tpa”) fully integrated LiB recycling plant. Primobius is the joint venture company owned 50:50 by Neometals and SMS group GmbH (“SMS”)4 that is commercialising proprietary LiB recycling technology originally developed by Neometals (“Recycling Technology”).
The Hub is designed to process 12,000tpa of concentrate comprised of the anode and cathode materials (“Black Mass”) arising from the processing of 21,000tpa of LiB modules and cells in the Spoke. The Hub can process cells and modules in multiple formats (i.e. pouches, prismatics and cylindricals) and cathode chemistries (NMC, NCA and LCO) from electric vehicle and consumer electronic batteries.
| |
- Joined
- 30 June 2008
- Posts
- 15,357
- Reactions
- 7,232
Recent Diggers and Dealers presentation. Br8ings together the status of the current projects.
Diggers and Dealers Presentation (PDF 5,822.5 KB)
- Joined
- 30 June 2008
- Posts
- 15,357
- Reactions
- 7,232
NMT attracting some significant buying this morning in a falling market.
Could be investors catching up with what they see as recent good news and a well priced opportunity,
There may also be some very good news brewing.
Could be investors catching up with what they see as recent good news and a well priced opportunity,
There may also be some very good news brewing.
- Joined
- 2 May 2007
- Posts
- 4,688
- Reactions
- 2,901
NMT extended MD's contract and market bowled a full toss to snap the wicket.
Ramping by Next Investors did not help.
Ramping by Next Investors did not help.
- Joined
- 30 June 2008
- Posts
- 15,357
- Reactions
- 7,232
Update on the Vanadium Recovery Project. NMT is negotiating with a partner to develop the steel slag to Vanadium.
Vanadium Recovery Project Update
Highlights:
•Shareholders in Neometals’ vanadium recovery project have extended the timeline for Financial Investment Decision (“FID”);
•Project level equity finance advancing with preferred investor; and
•Debt financing club, led by European Investment Bank, also progressing favourably with credit approval expected in October 2023.
Innovative battery materials recycler, Neometals Ltd (ASX: NMT & AIM: NMT) (“Neometals” or “the Company”), advises that the Finnish Vanadium Recovery Project (“VRP1”) special purpose vehicle, Recycling Industries Scandinavia AB (“RISAB”), is making solid progress in securing debt and equity financing required to make a FID.
Neometals has a 72.5% interest in VRP1, with Critical Metals Ltd (“Critical Metals”) holding 27.5%. VRP1 is at the financing stage ahead of a decision to construct and produce high-purity vanadium pentoxide (“V2O5”) from high-grade vanadium-bearing steel making by-product (“Slag”) generated by SSAB EMEA AB and SSAB Europe Oy (collectively “SSAB”) in Scandinavia.
Due to the additional time required for the completion of the equity and financing streams, RISAB, Neometals and Critical Metals have extended the timeline for consideration of the FID. SSAB continues to be supportive of the progress that RISAB has made and the parties are in advanced discussions to formalise an extension to the FID deadline under the SSAB slag supply agreement to align with the updated project financing timelines.
RISAB has engaged leading Nordic investment banks, SEB and Aventum Partners, to lead VRP1 financing processes. Both equity and debt work streams are advancing towards having binding agreements in November 2023.
Vanadium Recovery Project Update
Highlights:
•Shareholders in Neometals’ vanadium recovery project have extended the timeline for Financial Investment Decision (“FID”);
•Project level equity finance advancing with preferred investor; and
•Debt financing club, led by European Investment Bank, also progressing favourably with credit approval expected in October 2023.
Innovative battery materials recycler, Neometals Ltd (ASX: NMT & AIM: NMT) (“Neometals” or “the Company”), advises that the Finnish Vanadium Recovery Project (“VRP1”) special purpose vehicle, Recycling Industries Scandinavia AB (“RISAB”), is making solid progress in securing debt and equity financing required to make a FID.
Neometals has a 72.5% interest in VRP1, with Critical Metals Ltd (“Critical Metals”) holding 27.5%. VRP1 is at the financing stage ahead of a decision to construct and produce high-purity vanadium pentoxide (“V2O5”) from high-grade vanadium-bearing steel making by-product (“Slag”) generated by SSAB EMEA AB and SSAB Europe Oy (collectively “SSAB”) in Scandinavia.
Due to the additional time required for the completion of the equity and financing streams, RISAB, Neometals and Critical Metals have extended the timeline for consideration of the FID. SSAB continues to be supportive of the progress that RISAB has made and the parties are in advanced discussions to formalise an extension to the FID deadline under the SSAB slag supply agreement to align with the updated project financing timelines.
RISAB has engaged leading Nordic investment banks, SEB and Aventum Partners, to lead VRP1 financing processes. Both equity and debt work streams are advancing towards having binding agreements in November 2023.
| |
- Joined
- 30 June 2008
- Posts
- 15,357
- Reactions
- 7,232
Not good news from NMT yesterday. SP has taken a battering .
Barrambie Offtake Update
Highlights
• Neometals and Jiuxing Titanium Materials Co (“Jiuxing”) have been unable to agree mutually acceptable offtake terms; and
• Discussions with other parties in relation to offtake, equity investment and development financing continue.
Innovative battery materials recycler, Neometals Ltd (ASX: NMT & AIM: NMT) (“Neometals” or “the Company”), announces that its wholly owned subsidiary Australian Titanium Pty Ltd has been unable to advance from offtake term sheet1 to binding take or pay offtake agreement with Jiuxing.
Both parties have invested significant time and money evaluating the feasibility of using Barrambie MGC in Jiuxing’s downstream titanium processing facilities. Regrettably, the broader macroeconomic backdrop has required Jiuxing to adjust its production plans and shelve further Barrambie related activities. The Company is continuing its engagement with other third-party titanium producers and mining services companies in relation to offtake, equity investment and development financing.
The recent completion of the PFS Update2, continues to highlight the significant inherent value of the Project and the Company remains committed to determine the best pathway to achieve Barrambie value for shareholders.
Neometals Managing Director Chris Reed said:
“Despite this disappointing outcome for both Jiuxing and Neometals, strong alternative interest for offtake and investment into the Barrambie remains. We continue to pursue multiple options with other parties about potential development options for Barrambie.”
Authorised on behalf of Neometals by Christopher Reed, Managing Director.
Barrambie Offtake Update
Highlights
• Neometals and Jiuxing Titanium Materials Co (“Jiuxing”) have been unable to agree mutually acceptable offtake terms; and
• Discussions with other parties in relation to offtake, equity investment and development financing continue.
Innovative battery materials recycler, Neometals Ltd (ASX: NMT & AIM: NMT) (“Neometals” or “the Company”), announces that its wholly owned subsidiary Australian Titanium Pty Ltd has been unable to advance from offtake term sheet1 to binding take or pay offtake agreement with Jiuxing.
Both parties have invested significant time and money evaluating the feasibility of using Barrambie MGC in Jiuxing’s downstream titanium processing facilities. Regrettably, the broader macroeconomic backdrop has required Jiuxing to adjust its production plans and shelve further Barrambie related activities. The Company is continuing its engagement with other third-party titanium producers and mining services companies in relation to offtake, equity investment and development financing.
The recent completion of the PFS Update2, continues to highlight the significant inherent value of the Project and the Company remains committed to determine the best pathway to achieve Barrambie value for shareholders.
Neometals Managing Director Chris Reed said:
“Despite this disappointing outcome for both Jiuxing and Neometals, strong alternative interest for offtake and investment into the Barrambie remains. We continue to pursue multiple options with other parties about potential development options for Barrambie.”
Authorised on behalf of Neometals by Christopher Reed, Managing Director.
- Joined
- 30 June 2008
- Posts
- 15,357
- Reactions
- 7,232
New announcement updating developments on the Primobius battery recycling technology. Excellent news for this project. Should boost profitability and demand for the process.
Outstanding Lithium Recovery Results for Primobius
Highlights
•New lithium recovery flowsheet results improve lithium yields from >83% to >93%;
•Hydrometallurgical refinery (“Hub”) trials produce lithium fluoride with +95% purity which is expected to offer operating and capital cost savings; and
•Lithium fluoride a major component in lithium electrolyte manufacturing, has traded historically at a 60% premium to lithium carbonate, further enhancing economics for owners of Primobius Hub plants.
Innovative battery materials recycler, Neometals Ltd (ASX: NMT & AIM: NMT) (“Neometals” or “the Company”), is pleased to announce the results of trials on a new lithium recovery option for its Hub plant packages to be delivered under supply and technology licensing agreements to third-party customers.
Lithium recoveries exceeding 93% were achieved precipitating lithium fluoride (“LiF”) together with purity of 95%. This process improvement option can replace Primobius’ current lithium solvent-extraction circuit which produces lithium sulphate (“LiSO4”) and is expected to reduce both operating and capital costs.
LiF is used to produce lithium hexafluorophosphate (“LiPF6”), an inorganic compound which is a key ingredient, or input, in state-of-the-art electrolytes used in lithium-ion battery (“LiB”) manufacturing. LiF trades historically at a 60% premium over lithium carbonate (“Li2CO3”), and as such, is expected to increase revenues for owners of Primobius’ LiB recycling Hub’s with this lithium recovery option.
Outstanding Lithium Recovery Results for Primobius
Highlights
•New lithium recovery flowsheet results improve lithium yields from >83% to >93%;
•Hydrometallurgical refinery (“Hub”) trials produce lithium fluoride with +95% purity which is expected to offer operating and capital cost savings; and
•Lithium fluoride a major component in lithium electrolyte manufacturing, has traded historically at a 60% premium to lithium carbonate, further enhancing economics for owners of Primobius Hub plants.
Innovative battery materials recycler, Neometals Ltd (ASX: NMT & AIM: NMT) (“Neometals” or “the Company”), is pleased to announce the results of trials on a new lithium recovery option for its Hub plant packages to be delivered under supply and technology licensing agreements to third-party customers.
Lithium recoveries exceeding 93% were achieved precipitating lithium fluoride (“LiF”) together with purity of 95%. This process improvement option can replace Primobius’ current lithium solvent-extraction circuit which produces lithium sulphate (“LiSO4”) and is expected to reduce both operating and capital costs.
LiF is used to produce lithium hexafluorophosphate (“LiPF6”), an inorganic compound which is a key ingredient, or input, in state-of-the-art electrolytes used in lithium-ion battery (“LiB”) manufacturing. LiF trades historically at a 60% premium over lithium carbonate (“Li2CO3”), and as such, is expected to increase revenues for owners of Primobius’ LiB recycling Hub’s with this lithium recovery option.
| |
Dona Ferentes
A little bit OC⚡DC
- Joined
- 11 January 2016
- Posts
- 15,075
- Reactions
- 20,438
Quarterly out. Down 20 per cent. Range bound, or bound to be a range?
3 year chart... need money.
3 year chart... need money.
- Joined
- 19 October 2005
- Posts
- 4,128
- Reactions
- 6,066
- Joined
- 30 June 2008
- Posts
- 15,357
- Reactions
- 7,232
Bottom has fallen out of NMT. Todays announcement on the Vanadium slag project means 2 of the 4 projects are now dead or on long , long term hold. Preserves current cash flow but puts a big hole in projected earnings.
Vanadium Recovery Strategy Update
Innovative battery materials recycler, Neometals Ltd (ASX: NMT & AIM: NMT) (“Neometals” or “the Company”), advises that it has provided its partner in the Finnish vanadium recovery project (“VRP1”), Critical Metals Ltd (“Critical Metals”), with notice that it does not wish to proceed with the construction of a vanadium recovery facility. Despite the potential lowest-quartile operating cost and low-carbon footprint, the state of the global financial markets dictate that the Company preserves its cash balance and not contribute further material funding to VRP1 evaluation activities.
Vanadium Recovery Strategy Update
Innovative battery materials recycler, Neometals Ltd (ASX: NMT & AIM: NMT) (“Neometals” or “the Company”), advises that it has provided its partner in the Finnish vanadium recovery project (“VRP1”), Critical Metals Ltd (“Critical Metals”), with notice that it does not wish to proceed with the construction of a vanadium recovery facility. Despite the potential lowest-quartile operating cost and low-carbon footprint, the state of the global financial markets dictate that the Company preserves its cash balance and not contribute further material funding to VRP1 evaluation activities.
| 2 | | |
- Joined
- 30 June 2008
- Posts
- 15,357
- Reactions
- 7,232
NMT also released their quarterly report. Not that flash at all. Only 2 quarters cash left. They will have to pedal very hard to keep this boat floating.
| |
| |
Knobby22
Mmmmmm 2nd breakfast
- Joined
- 13 October 2004
- Posts
- 9,607
- Reactions
- 6,397
This company is clever but made the strategic mistake of waiting too long for a raising leading to a larger fall in price than should have occurred. Seems to be interested buying now as the price has arguably dropped tooo much.
