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NVX - Novonix Limited

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The Mount Dromedary Flake Graphite Project is located 125km north-northwest of Cloncurry in Northwest Queensland, adjacent to a sealed highway. Graphitecorp holds joint venture interests of 80% in the non-metal mineral rights within four exploration permits for minerals (EPM). The permits are held in two separate joint ventures: one with Exco Resources Limited, a wholly-owned subsidiary of Washington H. Soul Pattinson and Company Limited and the other with Flamingo Resources Limited, a wholly-owned subsidiary of Queensland Mining Corporation Limited.

It is anticipated that GRA will list on the ASX on 30 November 2015.

http://www.graphitecorp.com.au
 
On July 14th, 2017, Graphite Corp Limited (GRA) changed its name and ASX code to Novonix Limited (NVX).
 
Big jump in price for NVX today after news that its research partners at Dalhousie University in Canada have developed a breakthrough method that can be applied to the manufacturing of both anode and cathode materials for lithium-ion batteries called dry particle microgranulation (DPMG).

From the announcement:
DPMG provides a method for synthesizing highly engineered particles through the consolidation of fine materials, that may otherwise be waste, into particles that can be tens of microns and suitable for use in lithium-ion batteries. The recent publication outlines methods of making spherical graphite for use in lithium-ion batteries with 100% yield where current methods have significant yield losses which increase the cost of manufacturing.

Patent applications protecting the DPMG process have been filed by NOVONIX under the commercialization arrangements with Prof. Obrovac and Dalhousie University.
Click to expand...

The research has been published and can be viewed here.

The market liked the announcement, pushing NVX up 41.5% to 46c. 50c looks to be an area of resistance, so any confident move through that level might be a good sign.

big.chart-NVX.gif
 
trading halt is requested for the purpose of considering, planning and executing a capital raising.

(closed at 66c .... doubled in a week)
 
Dona Ferentes said:
trading halt is requested for the purpose of considering, planning and executing a capital raising.

(closed at 66c .... doubled in a week)
Click to expand...
and down, most of the way. All that good work wasted; when trading restarted, lost the earlier pump.

Details were: Placement to raise approximately $5.6 million through the issue of approximately 19.4 million new shares and a fully underwritten 1 for 1 accelerated pro-rata non-renounceable entitlement offer to existing shareholders to raise approximately $37.9 million . At 29c a share
• A Strategic Placement, subject to shareholder approval, to the St Baker Innovation Fund and Director-related parties to raise between $14.72 million and $19.45 million through the issue of up to approximately 67 million new shares

upload_2020-5-29_21-8-57.png
 
somebody believes the story

upload_2020-6-3_11-8-49.png


• We are the only US graphite anode supplier
• Our first commercial production line is now up and running
• We have signed agreements with the two largest battery makers in 2018 (Samsung SDI and SANYO) representing 40% of the 2018 market share
• Our graphite anode product outperforms current products available
• Our proprietary processes allow us to compete on cost
• All our feedstock is USA sourced, no feedstock or other dependency on China
 
Gali at 'Hyper Charts.. has a couple of recent interviews done in the week or so with Chris Burns up on youtube. Goes into some aspects of production advancement and more.
 
Seems to be strong indications of a partnership with Tesla. Certainty would explain the recent interest.

Novonix rockets amid Tesla collaboration rumours, commercialisation plans and research breakthrough
Lithium-ion battery materials and testing pioneer Novonix’s (ASX: NVX) share price has rocketed in recent days amid rumours the company may announce a partnership with electric vehicle giant Tesla, the imminent commercialisation of a supply agreement with Samsung, and breakthrough research.

The media rumours follow Tesla chief executive officer Elon Musk postponing the company’s Battery Day event from May till June after tantalising spectators for months that he was unveiling major advancements in battery technology.

According to Reuters, in conjunction with China’s Contemporary Amperex Technology Ltd (CATL), Tesla has developed a low-cost battery that could power an electric vehicle for a million miles.
https://smallcaps.com.au/novonix-te...ommercialisation-plans-research-breakthrough/
 
Hope there's a few others 'watching' what's going on... just a kick along.

"Lithium ion Batteries should actually be called 'Nickel Graphite' ".Elon Musk....
 
- Strong support from retail shareholders for the Retail Entitlement Offer, with total applications received (including top‐up facility applications) significantly in excess of the shares offered under the Retail Entitlement Offer.

- Entitlement Offer to raise a total of approximately $37.91 million.
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you would hope for strong support. Offer at 29c and current SP down a bit but still running around 99c. Scaleback a likelihood, and choppy trading ahead?
 
Tesla battery rumours drive shares in Novonix

http://www.smh.com.au/business/markets/aus...5549r.html?btis

Shares in a little known ASX-listed maker of battery technology for electric vehicles and energy storage systems have gone on a tear in recent weeks amid twin rumours of a deal with Tesla and the US government. Driving the share price were rumours on social media and stock forums that Tesla would announce at its "battery day" it would be using Novonix's technology in its new batteries.

But as the rumours dissipated and Tesla delayed its battery day to later this year, Novonix's market capitalisation dropped. On Monday the stock shot up again, the same day two executives told The Australian Financial Review it was working with "some folks in Washington on understanding the opportunity" for its products in the wake of limits on Chinese made products by the Trump administration.

Asked by The Age and The Sydney Morning Herald last week about when the board was in receipt of the information that led to such a large share price surge and whether that was before the capital raising was launched, Mr Phil St Baker said: "Public communication relating to the technology update of June 9, 2020 to which you refer started on November 21 last year at the company AGM."

.....Novonix also held an investor briefing on June 9 after announcing its "breakthrough" where chief operating officer Chris Burns was asked about the Tesla rumours. "There's a lot of coverage around Tesla's expansion toward being vertically integrated and building their own cells. And so they would certainly fall in this list of companies that would be interested in working with us on our materials," he said in response to a question that had been emailed in by an investor and read out by a representative of a communications firm assisting with the briefing

Mr St Baker said the group had had confidentiality agreements in place with a number of players when asked about the Tesla rumours. "Battery cell makers supplying the automakers are the companies you need to be doing deals with if you're a battery materials company and that's exactly what Novonix is doing," he said. "Publicly available information shows that Tesla buys its battery cells from the established makers, while they are working toward potentially making their own cells in the future."
 
orr said:
Hope there's a few others 'watching' what's going on... just a kick along.

"Lithium ion Batteries should actually be called 'Nickel Graphite' ".Elon Musk....
Click to expand...
Very true orr, about 70% nickel from memory.
 
I bought some NVX recently but unfortunately after the share price took off a couple of weeks ago. This company has promising tech, very interesting people backing it and a sound long term growth strategy. The recent spike in share price is party driven by the positive news of a small initial scale order from Sanyo for their synthetic graphite and by speculation around potential collaboration with Telsa and the upcoming Tesla battery day. So which way the share price goes from here will be interesting.

At first there was something about this stock which reminded me of MCE (Matrix Composites Engineering) which saw its price bubble X10 over 2010-11 during the post GFC commodity boom when the price of oil was still high and the market forecast a boon in deep water oil drilling (before the fallout of the horizon deep water well disaster). I think part of that feeling is where the market currently is at. Lots of hot retail money looking to speculate (desperate times call for desperate measures?). Who cares if something is a bubble if you can make X10 - Am I right Afterpay shareholders?

But putting fear of the stock price being spurred on by speculation aside, this is a very interesting business with an interesting story around how it started; how it came together in its current form and who is involved.

To understand what I am hinting at just look at the current board of directors, which includes:

  • Philip St Baker, Managing Director, of the St Baker coal billionaire family,
  • Andrew Livaris, Former Dow Chemicals CEO (of ten years), recently advisor to Morrison Federal Government on reviving Australian manufacturing (google this guy for recent interviews, lectures),
  • Retired Admiral Robert Joseph Natterthe former Commander of the US Navy Seventh Fleet, the US Atlantic Fleet and the US Fleet forces (who still holds close ties to the US Navy and other business ties related to the US Navy).
The CEO Dr Chris Burns is the scientist who founded Novonix and span the technology out of Dalhousie University, Canada.

The recent sharecafe webinar presentation is interesting.

https://www.sharecafe.com.au/2020/07/24/novonix-sharecafe-hidden-gems-webinar-presentation/

The slide stack is available at the Novonix website as it also accompanied a company webinar from a few weeks ago which is also available at the website.
 
friend got shares in NVX at the float. It's had a run up then retreat (like many at the pointy end of Li-ion developments) so I have followed it but never put my toe in the water. It is interesting because it is different to other battery hopefuls.

(and agree with yr comments here and elsewhere, about the Hidden Gems series, @tinhat )
 
can Andrew Livaris have a meaningful role at Novonix? He is based in Sydney during Covid closures, and is an advisor to the government's National Covid-19 Coordination Commission
https://www.afr.com/policy/economy/...he-new-normal-is-here-to-stay-20200621-p554mb

Liveris' advice to chief executives he works with – either as a mentor or in his positions on the boards of IBM, Worley Parsons and Saudi Aramco – is to be ready to disrupt your own business model, even when you are running a business where cashflows are strong but margins are steady. "That's not what people are looking for. They are looking for unabated margin growth."

Liveris says a CEO needs two key things to navigate this: the right board and the right attitude. The modern board, he says, should be as good at portfolio management – that is, deciding which areas of the business to invest in, which to disrupt and which to exit – as the portfolio mangers that invest in your company.
"The board has to be as good a portfolio manager as the people who do own your business," Liveris says. "The nexus between management and portfolio has to be bridged at the board. You can no longer just do the check-the-box on boards. You've basically got to do enterprise risk management based on financial risk."
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Chief executives also need to think like the activist investors who have become a feature of modern capital markets, stalking companies with ideas to unlock value. The modern chief executive must be able to look at new business models – Liveris gives the examples of ecommerce, digital payments and electric vehicles – and understand how the broad thinking behind them can be applied in their own business.
"You've got to go into those trends, but you've got to do it by disrupting your own business model."
Click to expand...
https://www.afr.com/work-and-career...-ceos-must-disrupt-themselves-20200722-p55efb
 

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