Well, I am relatively new to this stock compared to many other long time shareholders on this and other community message boards. I first started following Nano One in April 2023.
First post on Nano One:
https://stockhouse.com/companies/bullboard?symbol=t.nano&postid=35418426
The Nano One story was compelling to me but I have always reserved some skeptisim in regards to how bullish this small community is on Nano’s prospects. Since April 2023, I have found myself at times both intrigued and bewildered with respect to One Pot technology depending on the news of the day.
One thing I can say with certainty about Nano One is that the bulls within this community have been dead wrong about the timing of Nano One success (as measure by share price performance).
Many of the long term shareholders who are active on this and other community message boards have long stated their belief that Nano One would be at much much higher share price levels by now (May 2024) with be much much furtherer along with respect to deals and partnerships.
This does not mean that Nano One won’t still experience some success in the future. But long term shareholders would be lying if they said they thought that in May 2024 (today) Nano One would still be without an offtake agreement, government funding, a commercial plant, and disclosure of secret OEMs. Reading over the historic posts on this and other community message boards, the themes are repeated year after year about success being imminent. Yet here we are now in mid-2024 and we are hearing that again, success will be next year and not in fact this year.
Candiac is today only at 200TPA nameplate capacity and is only operating on a very intermittent basis. Who could have imagined we would be slow to progress? And now we're hearing that maybe we'll be at 1000TPA by end of 2025?
One Pot is clearly an ambitious technology but there is something the CAM producers see that causes them great concern in adopting this process technology (in all likelihood relating to cost). Nobody is lining up to license the techology and there is certainly no One Pot lines being constructed today (which many long term shareholders have been insisting was true e.g., with Tesla CAM facility). These were wild fantasies which today we can see were nothing more than wishful thinking.
Nano might in the end still be an okay investment. But where we stand today, long terms investors must be sick to their stomachs over the time-value of money lost while being locked up in Nano One. It really is heartbreaking to think about.
Things are progressing much slower than expected and that trend is expected to continue. Nano One stock looks like dead money to 2025 at the earliest. Unless Nano One management team can muster up the courage to sell the One Pot technology to someone who is a better fit to commercialize it.
$2.50 per share is still a remote possibility in 2024 if Nano One management puts the technology up for sale. This to me is a prudent course of action and would at least provide something back to shareholders.