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@TheBasher
Hilarious yes, fact for sure.
@pauly80
Ain’t that the truth.
I’m invested, hope to heck that they pull this off but facts are facts.
As are “significant updates”…!
@rebel100
Hilarious irony in your post!
A clearly trusting and naive investor. I would love to do business with you nookie
One way or another we will find out. If the company goes bust then so be it. I will lose alot but at least will no longer check these boards everyday
If it goes up to around 0.44 ish I can breakeven
Be nice to see a leg down this week and take profits. Trade it and make lots more money. Buy at the bottom and sell at the top of the next small unexpected spike. Then let it fall for a better opportunity.
In it for the long run as I am a Proper LTH.
Everything says the tech works and they’re going for it. Not worried
@TheBasher
I doubt they would put anything price sensitive in 'significant updates'.
@rebel100
There is a section towards the end of the filing for significant updates since the year end.
@TheBasher
The accounts were filed on 1st April for period ending 31st December 2023, so don't take account of the period January - April 2024, they would no doubt have 'accelerated' things to meet various deadlines.
And their finances must also be a major contributor to the drop. Not a pretty picture. Debt is high, and they need funds. However it does appear that instead of burying their head in the sand, the company is taking active steps to manage the situation to maintain the company as a going concern Read the K10 for the full breakdown.
NEXT-ChemX is down 80% over the last year, and Clontarf is down 70% in the same period.
Something had to be afoot. I had previously requested twice by email to NEXT-ChemX (info@next-chemx.com as published on their website) for updates to be published on the tech pilot plants progress in TX. Nada. Niente. Nichts. شيء . Not even an acknowledgement.
So I did some more digging around for news and came across their Annual Report to 31 Dec 2023(SEC K10 form filed on 1st April 2024) which makes for some very interesting reading. It certainly explains the significant drop in share price as plans and timelines have significantly changed.
https://www.sec.gov/ix?doc=/Archives/edgar/data/1657045/000149315224012269/form10-k.htm
“The Company’s progress towards Market Readiness.
It is always difficult to identify exactly where any technology is to be found along the path to its commercialization and how soon it will be ready for commercial deployment. Throughout fiscal year 2023, the focus was on the design and construction of a controlled pilot system consistent with the needs of the pilot testing phase. In order better to concentrate on this, given the limited resources and knowing that the extraction technology has been proven in the laboratory for a variety of critical materials, the Illinois Laboratory was closed during 2023 and the Company turned to consider the engineering issues using consultants and contractors from India. having proven certain extraction rates, and the ability of the iTDE Technology to operate effectively. This puts us into the second phase. The best estimate for completion of the controlled pilot plant is that it will be operational at the beginning of the third quarter of 2024. If successful, this could lead to operational pilot deployment at customer sites in the first quarter of 2025.”
So there we have it. I wonder how that impacts pitching for the business in Bolivia? Maybe the fact that it has been shown to work in the lab, and that the financial qualification is apparently in place, is enough evidence for now for the Bolivians to keep them in the game.
I guess we will find out soon enough.
Mate I've been here for over a year just felt tired and a bit muddled
Just want to see this back to my buying price of .15
Lets hope news in the next week
It appears that this board is attracting lots of new posters who are trying to make an impression and tell us things we already know and making references to old news.
We are currently in the second round, not sure what your saying, you best copy and paste.
Would someone with sense have a look at the Mar 18th Rns , 2nd paragraph and tell me exactly what they think DH is saying here.
They've progressed to the second round...
A lot of this is to do with Lithium being at the bottom of the cycle and less risk elsewhere that still offers decent returns. in short, no one is interested in this. That doesn't mean that it isn't interesting or something truly awesome can happen, its just why bother?? the money will come in for this on news and you'd still make a killing with much less risk. We're all on our half boards waiting for some waves whereas most investors will see the first wave or two and then realise "surfs up"!!!:-) its a waiting game.
On Next Chem-X's website they point out a couple of competing technologies, you wouldn't do that, if you weren't 'confident' on your own technology.
Encouraging to see that the patent is after the last update on the nextchemx website but there are patents pending when reading the rnss this and last year. Some confirmation on pending patents and measureable success of the process isn’t too much to ask for at this stage or are we to assume that this isn’t a problem?
Mr T, if successful it would be incredible (for many reasons), however the chances of them pulling it off seems low based on past performance. I suspect the low share price is an indicator of the fact that the company is associated by ramping clowns. Positive action is just assumed to be manipulation. I think it's a good risk to take, but more cautious souls will want something definitive to invest on.
Rebel100, Thank you for posting that link, very informative and interesting. My confidence here is increasing all the time. This technology is the only one that does not use excessive amounts of "precious" water which for Bolivia is a key requirement.
Leggy
A shot at something incredible?
Really, if so incredible why is the MC languishing in the depths. This is my concern, why does the market dismiss the possibility of it being something incredible?
Mr T
Rebel and leggyland - history tells me you both are correct. Whether this time it’s different may be like looking for a needle in a haystack but there may be some hope.
DH is a nice guys for sure. He replies and talks a good game. But up to this point he has been a complete failure no doubt about that. He has an opportunity to redeem himself
@Leggylad
That's how I see DH, great on the big picture, not so great on detail and delivering.
I get the feeling that Next Chem-X are 'boffins' (inventing stuff) more then 'corporate' types.