George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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Half year report - cash of AUS$19.4m; 6 month cash consumption was AUS$16m with 'various austerity measures' cutting administration expenditure by around AUS$900k with another similar cut expected going forward. Exploration costs will drop by around AUS$3m [see RNS quote below] so cash likely to be constrained again in 2nd half despite 'development activities' appearing to be paused until 2025.
"The Group has prepared a cash flow forecast for the period ending 31 March 2025 which incorporates all non-discretionary expenditure to advance the Group's projects. Other than the Group's continuing contributions to the Primobius Joint Venture, the revised cash flow forecast does not assume that development activities in relation to the Group's remaining projects commence in the period ending 31 March 2025."
The recent sp rise seems based on hopium?
Sales went through at $0.13 today; the equivalent of 6.72p
https://www.google.com/finance/quote/NMT:ASX
Page 19 of the presentation shows the linear relationship between the share price and the Lithium Price Index
https://wcsecure.weblink.com.au/pdf/NMT/02768652.pdf
Sales went through at $0.16 today - the equivalent of 8.28p. I am surprised by the weakness of the share price but as noted in my last post, the lack of clarity over money must make some get concerned about funding.
Today's RNS is another step in the right direction. But, it does not mention money... Will it require funding from shareholders? Will there be any profit or, as I expect, is this going to be a draw on resources as part of growing intellectual capital?
Claude's summary of RNS
Here is a 500 word summary of the document:
Primobius, a lithium-ion battery recycling joint venture between Neometals and SMS group, has received an €18.8 million purchase order from Mercedes-Benz to supply and install a hydrometallurgical refining hub at Mercedes' battery recycling pilot plant in Kuppenheim, Germany. This refining hub will process intermediate products from the 2,500 tonne per annum battery shredding plant, also being supplied by Primobius, to complete Mercedes' closed-loop lithium-ion battery recycling facility.
The purchase order marks Mercedes' entry into battery recycling as it transitions to electric vehicles. The Kuppenheim plant aims to cut resource use and enable closed-loop recycling of raw materials like lithium, nickel and cobalt to feed back into Mercedes' production of around 50,000 new battery modules. The order validates the scalability of Primobius' recycling technology to meet automotive industry needs.
The hub equipment supply contract follows an earlier contract for the shredding plant ("spoke"). Together they complete Primobius' arrangements for the pilot plant. Successful commissioning is intended to de-risk scaling up to an eventual 21,000 tonne per annum industrial capacity. Beyond the pilot, Primobius is focused on engineering this larger solution for Mercedes.
The relationship shows Primobius' business model combining plant supply and licensing so manufacturers can recycle their own battery scrap and retain materials. This model offers supply certainty, low costs and low carbon footprint. Following fabrication, installation of the spoke will commence ahead of the hub equipment.
Primobius is a joint venture focused on sustainable lithium-ion battery recycling processes. The purchase order evidences the economic and environmental benefits of its technologies in enabling a circular supply chain to support the energy transition. Alongside its work with Mercedes, Primobius has commenced licensing discussions with Canadian company Stelco.
The contract award continues the commercialisation of Neometals’ own recycling, lithium chemicals and vanadium recovery technologies. Through industry partnerships, Neometals aims to demonstrate the viability of sustainable production of battery materials from recycling and steel waste. This reduces reliance on traditional mining while creating resilient circular supply chains.
OUTSTANDING NICKEL SULPHATE PURITY FOR PRIMOBIUS
https://www.londonstockexchange.com/news-article/NMT/outstanding-nickel-sulphate-purity-for-primobius/16200202
Good news but cash is being burnt at an alarming rate and it looks as though a placing may be due soon.
Https://www.google.com/finance/quote/NMT:ASX
Much more trades in Australia... down 27%
Burning cash $A10m in 1st Q and only $A15m left at end of Q1 (30 Sep). At the same runway, it is all used up in Feb.
Seems #Bleak
'Glencore plans Europe’s biggest electric car battery recycling plant'
https://www.ft.com/content/ab593cac-5f7e-4b70-904d-94cc0251aaeb
Very deep pockets to compete with; Glencore's 2022 EBIT was $34b
There's a big enough market in Europe for NMT to flourish. EU subsidy will help. More and more batteries being used etc.
This is a potential 'spanner in the works': If the US is throwing money / subsidising recycling plants then plants in Europe become less competitive:
"That $1 billion plant received $480 million in grant funding from the Department of Energy as part of the Bipartisan Infrastructure Law’s investment in domestic supply for critical materials."
https://www.canarymedia.com/articles/recycling-renewables/the-biggest-ev-battery-recycling-plant-in-the-us-is-open-for-business
New Here. Is this new news, good news?
On my watchlist; another delay. Quick AI summary:
'Emerging sustainable battery materials producer, Neometals Ltd (ASX: NMT & AIM: NMT) ("Neometals" or "the Company"), is pleased to announce that Primobius GmbH ("Primobius"), the joint venture company owned 50:50 by Neometals and SMS group GmbH ("SMS group"), has executed revised agreements with Stelco Holdings Inc. ("Stelco"). Under the revised technology licensing agreement ("Revised Stelco License") and option agreement ("Revised Stelco Option") ("together Revised Stelco License and Option"), Stelco has extended the option exercise timeline for Primobius to buy-in to its lithium-ion battery ("LiB") special purpose vehicle ("Stelco SPV").'
Stays on watchlist
Sorry wrong board
The misrepresentation of this share is shocking the trade for £5200 is blatantly a buy, I can get a quote of 5.02 to buy £5500 and the sell quote of 4.4 to sell £5000. It doesn’t matter what happens they will manipulate the trades to kee price where they want it , should be illegal.
You'll never win that one I'm afraid mate. Your posts are full of accurate chart predictions and it suits only when they hear what they want to hear. I think you're lost on some people and are best to use the info to the best of your needs and quite frankly, eff 'em! I didn't realise you were the Legend from iii!!! I was considering a bet on this weekend's game being a high scoring affair. Your lot are without Woodgate and King (I think) and we're without Skrtel, Agger and maybe even Carragher. I wonder what the odds of 4 goals or more are?
NMT. Oh what a circus. Shareholders have voted off the Board. where does the Company go from here? scratching his chinny chin chin for a moment, Ah!!! onwards and upwards. Zim and Volvere fight it out amongst yourselves.