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NVX - Novonix Limited

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Phillips 66 Announces Strategic Investment in NOVONIX
Investment will expand Phillips 66’s presence in the battery supply chain and advance NOVONIX’s production of synthetic graphite for high-performance lithium-ion batteries

US battery supply chain business Phillips 66 will subscribe for 78 million shares in Novonix for a total purchase price of US$150 million. Additionally, Phillips 66 will nominate one director to the Novonix board.

Novonix’s chief executive and cofounder Dr Chris Burns said: The Phillips 66 investment will provide us with the capital needed to support growth and ongoing R&D as we continue to scale our synthetic graphite production and develop new technologies for higher performance energy storage applications. We look forward to continuing to build our relationship with Phillips 66 as both a strategic partner and investor.
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Phillips 66 is a leading global manufacturer of specialty coke, a key precursor in the production of batteries that power electric vehicles, personal electronics, medical devices and energy storage units. NOVONIX, a leading producer of synthetic graphite, processes specialty coke to make highperformance anode material for these batteries. The investment supports the development of a fully domestic supply chain for sales into the U.S. electric vehicle and energy storage system markets.
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Did I calculate it correctly. Approximately AUD2.62/share.
The market certainly has taken it well.
 
NVX gets some free publicity in Todays OZ
ASX-listed battery technology company Novonix is stepping up production in the US as the Biden administration accelerates the shift to electric vehicles.
The company, which has operations in Brisbane and North America and is run by Canada-based Chris Burns, is positioning itself for a major increase in demand for its synthetic graphite-based supplies for lithium-ion batteries for electric cars.

It is buying a factory once owned by General Electric in Chattanooga, Tennessee, to boost production to meet increased demand for batteries for electric vehicles.
The company is the only qualified producer of the product in North America at a time when the US is becoming increasingly concerned about the need to source its battery supply products domestically rather than rely on inputs from China.
Mr Burns said the factory would put Novonix in a “very good position to enter into large-volume, longer-term supply agreements with major battery cell manufacturers”.
Working with the Tennessee Valley Authority, which supplies power for the factory, also had advantages as it was seen as a source of clean energy.
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Mick
 
AGM today and talking the book. SP made it to $12.25, closed at $11.97. ATH

the Phillips 66 money ($150M for 16% (?)) is handy for scaling up
NOVONIX Anode Materials production capacity scaled to meet the growing demands of our customers
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Tropico said:
Looks like you put the jinx on it.
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Someone wants out .... a big holder more than likely. Highest volume of the day, so far, when it pushed through $9.00 on the way down. That's a 25% drop from the $12.00 open this morning

Momentum works both ways.
 
Tropico said:
Looks like you put the jinks on it.
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Jinks undeed. Jinky Jinksed.
With a K @Dona Ferentes ?
Love it.

Eeek!
Screenshot_20211203-163356.png
 
Is this a falling knife we should consider buying?
I haven't looked at any details yet other than knowing the NVX has been in a super strong up trend. There's been two prior high volume bearish bars but price rallied soon after. Will it do it on this third occasion? (Beware the third rally).

Speeding ticket response: "We know nothing".

It was reported that NVX would get into the ASX200. Was the recent buying anticipating this and did it go to high too fast?
 
Definition of jink
intransitive verb: to move quickly or unexpectedly with sudden turns and shifts (as in dodging)

Definition of jinx
noun: one that brings bad luck also : the state or spell of bad luck brought on by a jinx

Works both ways for me.
 
3. If the answer to question 1 is “no”, is there any other explanation that NVX may have for the recent trading in its securities?

NVX is aware of the following possible explanations for the recent trading in NVX securities:
(a) the Company has received enquiries from Shareholders regarding the Final Directors Interest Notice for Greg Baynton that was lodged with the ASX on 2 December 2021. NVX confirms that Greg Baynton has not sold any of his shareholding in NVX and his shareholdings are correctly set out on page 2 of the Final Directors Interest Notice.
(b) a CNBC article reports Tesla is seeking an extended tariff waiver for Chinese graphite imported into the USA because currently "only mainland China could provide the quantity of graphite it needs in flake or powder form to manufacture its batteries in the U.S".. NVX maintains its current plan to reach a production volume of 10,000 tonnes per year by 2023, 40,000 tonnes per year by 2025 and 150,000 tonnes per year by 2030.
(c) the Financial Review Newspaper ran an article on the technology sector generally, in which they reference NVX in the headline on 3 December 2021.

The company is not aware of any other explanation for the recent trading activities in NVX securities.
 
Dona Ferentes said:
3. If the answer to question 1 is “no”, is there any other explanation that NVX may have for the recent trading in its securities?

NVX is aware of the following possible explanations for the recent trading in NVX securities:
(a) the Company has received enquiries from Shareholders regarding the Final Directors Interest Notice for Greg Baynton that was lodged with the ASX on 2 December 2021. NVX confirms that Greg Baynton has not sold any of his shareholding in NVX and his shareholdings are correctly set out on page 2 of the Final Directors Interest Notice.
(b) a CNBC article reports Tesla is seeking an extended tariff waiver for Chinese graphite imported into the USA because currently "only mainland China could provide the quantity of graphite it needs in flake or powder form to manufacture its batteries in the U.S".. NVX maintains its current plan to reach a production volume of 10,000 tonnes per year by 2023, 40,000 tonnes per year by 2025 and 150,000 tonnes per year by 2030.
(c) the Financial Review Newspaper ran an article on the technology sector generally, in which they reference NVX in the headline on 3 December 2021.

The company is not aware of any other explanation for the recent trading activities in NVX securities.
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Hi Dona, do you think this latest price drop is a buy opportunity or is it a wait and see situation (NVX)?
 
Battery technology company Novonix says it has begun the process to dual list its securities on the Nasdaq Stock Market.

It announced in May 2021 that it was exploring a secondary listing on the Nasdaq.

Novonix has filed a registration statement, Form 20-F, with the US Securities and Exchange Commission. The US listing is expected to take place after the SEC and Nasdaq have completed their review process and upon effectiveness of the registration statement.

The securities listed in the US will take the form of a Level II American Depository Receipt (ADR) program. An ADR is a negotiable receipt, resembling a stock certificate that is issued by a United States depositary bank appointed to evidence one or more American Depositary Shares.

The primary listing will remain the ASX.

“We believe Novonix was the first qualified supplier of high-capacity long-life synthetic graphite anode material to a major cell maker and is the only supplier with plans to provide large volumes of this key material in the US,” said Novonix chief executive Chris Burns.
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“Our technological breakthroughs are helping to power the energy storage market, leading to better performance, longer life and lower costs.
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“This listing furthers our long-term goal of reshoring the EV supply chain in North America and becoming a leader in the electrification economy.”
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i have to admit, I have never taken much interest in ADR's.
I have bought and sold them in the past without thinking too much of the mechanism's behind their creation.
It never occurred to me as to whether they work like puts , naked short selling or as a result of physical share purchase creation.
On your prompting, I went and actually did some research.
There is a good explanation of them Here.
it would seem that the US bank would have to have bought a fair chunk to back up the ADR's
I guess that would explain the run up from 5 bucks.
Mick
 
And roughly halved since recent highs. Now $6.50.

Now trading on Nasdaq.
Signed supply deal.

HIGHLIGHTS
• NOVONIX to be exclusive supplier of graphite anode material to KORE Power
• Five-year supply agreement initially 3,000 tonnes per annum beginning 2024
• Subject to customer requirements, supply can ramp to 12,000 tonnes per annum
• NOVONIX takes an approximate 5% stake in KORE Power with consideration 50% cash and 50% NVX shares
• Partnership will advance the North American electrification economy and strengthen the domestic lithium-ion battery supply chain in North America
 
Previous 12mths sales of $5.5m and a valuation of $2.5 Billion at circa $5.50/share...
I luv a growth Company ...but 'man' that's a lot of grow'n to do.
go 'u' traders...
 
Announced are $US2.8 billion ($4.5 billion) in grants from the Biden administration aimed at ramping up onshore production and processing of critical minerals for EV batteries and defence technologies. The US government was working to reduce US reliance on China for critical minerals for his country’s decarbonisation and defence needs.

Brisbane-based Novonix is among the Australian companies set to benefit from the Department of Energy’s grants. The company will receive $240 million for its new plant in Chattanooga, Tennessee to produce 30,000 tonnes of synthetic graphite per year for lithium-ion batteries that power EVs and other electronics.

1666224212028.png
 
Looking at the chart makes me think a bottom is in.
Any thoughts?
Shame I didn't think of it for the yearly comp. ?

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