Ann: Quarterly Activities Report - March 2024, page-14

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Melen100

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26/04/24

19:55

Post #: 73531481
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Originally posted by Hingdog: ↑

Bull markets become bear markets and bear markets become bull markets, over and over again. These guys have been through the cycles, they should have known they were being gifted a golden opportunity to raise a stack of cash, they certainly knew they would need it, I recall seeing Chris even say as much during one of the interviews i watched with him. Crazy to do nothing and finally raise sub 20c and still going to need to raise more and more at lower prices. The future of this stock is not bright at all now, the dilution will put a much lower ceiling on any future bull run. My guess is you won't see $2 ever again

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If I bought shares at 10 cents (which I have been waiting for to "fix" my average) and they go to 2 bucks in 2030, I'd say that was a good outcome. I think the days of the crazy 21/22 ride up (and down again) across a hell of a lot of EV pre revenue related stocks and lithium ones are over, and maybe not repeated anytime soon (NMT, CXO, LKE, NVX, PLL, GLN, SYA just to mention a few, usual Lassonde curve but on steroids due to low interest rates and covid stimulus perhaps)

Even now ALB has a PE of 8, and SQM made 2 bill, but a MC of only 6 times that, crazy...but it is what it is in 2024.

I do think NMT can get over $2, but that depends on MB and Stelco and the plant/customer agreements in the future.

NMT Price at posting: 10.5¢ Sentiment: Hold Disclosure: Held
6 Upvote

0 Great analysis

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