Australian (ASX) Stock Market Forum

NMT - Neometals Limited

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aus_trader said:
Cheers Ann. In fact your Lithium ETF graph and my Lithium price graph looks remarkably similar, so they seem to have very good correlation.
Click to expand...

I think they may be the same ETF data for both charts. Can't imagine there would be more than one major US Lithium ETF at this stage.

aus_trader said:
So let's keep an eye on this thing, I reckon once there is momentum behind it, it will start to get more and more coverage and in terms of SP, won't stay in the doldrums any longer. If you happen to see signs of share price momentum and signs of potential higher prices from chart analysis, keep us posted. In terms of the fundamentals I will not hesitate to buy it as a speculative miner with a lot of future potential in my Speculative Stock Portfolio.
Click to expand...

I think the SP may rise if the Lit price bounces. It appears to be doing a bit of a bounce, the RSI has been grinding around oversold for ages now. The Lit price has a few overheads to push through. It may rise if the US markets don't puke, I don't believe they will but I am forever the optimist! :)

Lithium price chart....

lithium 5.6.19.png
 
Ann said:
I think they may be the same ETF data for both charts. Can't imagine there would be more than one major US Lithium ETF at this stage.



I think the SP may rise if the Lit price bounces. It appears to be doing a bit of a bounce, the RSI has been grinding around oversold for ages now. The Lit price has a few overheads to push through. It may rise if the US markets don't puke, I don't believe they will but I am forever the optimist! :)

Lithium price chart....

View attachment 95245
Click to expand...
Yes let's keep monitoring the Li and see if there is likely to be a turnaround. Otherwise it could be a Lower-High in a further downtrend.
 
Perth based Neometals is set to build a demonstration lithium-ion battery recycling plant in Germany as Europe continues to .. attract investment in green energy tevhnology.

Neometals and Dusseldorf-headquartered SMS Group are due to update the market about their joint venture after the passing of a July 31 deal deadline. SMS, a leading supplier of metallurgical equipment and plants, has been in an already extended exclusive due diligence process with Neometals since October after being impressed by the potential of the Australia-developed recycling technology and the performance of a pilot plant in Canada.

The interest comes as European lawmakers and others mandate recycling and industry stewardship of lithium-ion batteries that are recognised as hazardous waste and carry a storage and transport fire risk. The issue is becoming more pressing with the first wave of electric vehicle and static storage batteries due to come to the end of their life over the next few years and with a tonne of Apple batteries containing some 600 kilograms of cobalt.

The Neometals process allows the recovery of valuable battery minerals for reuse.

In its quarterly report on Friday, Neometals said SMS had successfully completed due diligence on the pilot plant performance and the two companies were now finalising definitive transaction documents for incorporated joint venture.

Neometals, which started life as a gold play, was one of the first movers in lithium in Australia. Neometals had $81.3 million in cash and no debt at June 30 as it looks build the scalable demonstration plant, starting with two tonne a day capacity, in partnership with SMS.

The memorandum of understanding between the two describes the demonstration plant operating in a hub and spoke configuration with comminution and beneficiation at SMS sites in Germany and its hydrometallurgical plant in Austria. The memorandum also contemplates SMS constructing and operating multiple commercial scale recycling plants on behalf of the venture.

Europe's strict batteries directive applies to all types of batteries and has a 45 per cent collection and recycling target by weight with reporting mandatory.
 
Recycling is Not Optional

(& $80mill cash in bank)

www.sharecafe.com.au

Neometals - Hidden Gems Webinar Presentation - ShareCafe

Presenter – Chris Reed – MD – Neometals innovatively develops opportunities in minerals and advanced materials essential for a sustainable future. With a focus on the energy storage megatrend, the strategy revolves around de-risking and developing long-life projects with strong partners and...
www.sharecafe.com.au www.sharecafe.com.au
 
fiftyeight said:
Came across this while looking at lithium .....Episode 78

The Global Lithium Podcast — Global Lithium

Click here to listen to recent episodes of The Global Lithium Podcast, hosted by Joe Lowry.
www.globallithium.net www.globallithium.net
Click to expand...
Liked his comment about working with German industrialists ..."the Europeans have been at forefront of metallurgy since the Bronze Age "!
Chris [Read] plans to lead Neometals into the broader battery metals market via “urban mining” – recycling lithium batteries to supply high quality cobalt, nickel and lithium while helping the battery industry greatly lower their carbon footprint
Click to expand...
 
Dona Ferentes said:
Liked his comment about working with German industrialists ..."the Europeans have been at forefront of metallurgy since the Bronze Age "!
Click to expand...

Yeah, he seems very pragmatic.


Something along the lines of, Germans automakers will want to speak in German so lets build a plant in Germany with a German construction group. Makes sense
 
My pick for December.
I have been watching this company for a few years but have finally bought in due to fomo. I was planning on buying early next year but investors have been piling in early.

Their pilot lithium recycling plant is successful and they have a deal with a European company. The vanadium extraction plant looks good, they are cashed up and they have a few mining rights also to give blue sky.

The sp may drop back and if it does I will double up. Probably take another year to start making cash.
 
Ha, exactly why trading is tough. Even though the chart indicates support should exist at a price level it doesn't mean it'll be there when we need it. I have difficulty buying when price is dropping. Like you, I prefer to throw darts rather than catch them.
 
peter2 said:
Ha, exactly why trading is tough. Even though the chart indicates support should exist at a price level it doesn't mean it'll be there when we need it. I have difficulty buying when price is dropping. Like you, I prefer to throw darts rather than catch them.
Click to expand...

An old adage from Michael Douglas "Trading in the Zone"

A commodities trader with decades of experience was having trouble in his transition from trading on the floor to trading in front of a computer screen. So, he asked one of his younger analysts to help him interpret some technical indicators.

One morning, the young analyst was explaining a system he used to identify support and resistance. He then plotted these key levels in the soybean market. After projecting the high and low of the day, both the analyst and the trader watched soybeans begin to move lower.

Skeptical of the quickly approaching support level, the experienced trader asked the analyst if he was certain that the market would stop falling and reverse higher.

“Absolutely! This is the low of the day,” the analyst said.

The trader then picked up the phone and called the soybean pit. He placed an order with the clerk to sell 2 million bushels at market.

Within just a few seconds, the price of soybeans dropped 10 cents a bushel—well below the young analyst’s projected support level.

“Now, where did you say the market was going to stop?” the experienced trader asked. “If I can do that, anyone can.”
Click to expand...
 
I think this might complement my Electric Vehicle parts supply stock in the Speculative Stock Portfolio.

But it could also be a long term play. Li batteries may have to become a waste problem before battery recycling really takes off, or will NMT take off before that as share prices generally predict the future ?

Congrats to those who picked up a few shares of the Li stock PLS. I bought a small parcel which I mentioned in Potential Breakouts Thread: #2,422 (aussiestockforums.com)

Our resident system trading expert skate has also picked up PLS in his systems.

It'll be a nice little early Christmas present if sold now ? :xyxthumbs
 
Blackrock have emerged as a 6.4% holder in Neometals.

In an update to the firm’s corporate stewardship expectations for 2021 released [two weeks ago, Blackrock said] it cannot afford to give companies long periods of time to make progress on environmental issues.
www.afr.com

BlackRock to back proposals from climate activists

After Larry Fink launched his big push on climate risk at the start of this year, the investment giant is now ready to go even harder.
www.afr.com www.afr.com
“Given the need for urgent action on many business-relevant sustainability issues, we will be more likely to support a shareholder proposal without waiting to assess the effectiveness of engagement,” BlackRock says in the update.
"Where we agree with the intent of a shareholder proposal addressing a material business risk, and if we determine that management could do better in managing and disclosing that risk, we will support the proposal. We may also support a proposal if management is on track, but we believe that voting in favour might accelerate their progress.”
Click to expand...

BlackRock’s more aggressive stance is part of a broader push led by chief executive Larry Fink to treat climate risk as investment risk. Fink’s attitude has been informed by a need to respond to the demands of BlackRock clients for more action on ESG matters.
“No company should be surprised about how this is evolving and changing. We are going to see a seismic reallocation of capital,”
Click to expand...

- it would be fair to say the NMT approach would make the company attractive to these types of investors
 

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