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NEO Battery Materials Ltd V.NBM

Alternate Symbol(s):  NBMFF

NEO Battery Materials Ltd. is a Canadian battery materials technology company. It is focused on developing silicon anode materials for lithium-ion batteries in electric vehicles, electronics, and energy storage systems. With a patent-protected, low-cost manufacturing process, it enables longer-running and ultra-fast charging batteries compared to existing technologies. It is a producer of silicon anode materials for the electric vehicle and energy storage industries. It is developing and optimizing its silicon anode materials, NBMSiDE, through its all-in-one manufacturing process. Its three types of products, NBMSiDE-P100, NBMSiDE-P200, and NBMSiDE-C100 are manufactured through its nanocoating technology and are based on metallurgical-grade silicon with purities of at least 99.95%. It has developed a nanocoating process to manufacture silicon anodes. Its material provides improvements in capacity and efficiency over lithium-ion batteries using graphite in their anode materials.


TSXV:NBM - Post by User

Bullboard Posts
Post by buyingitupon Aug 25, 2010 4:31pm
364 Views
Post# 17383256

Phase II...

Phase II...Approx 1500 meters of drilling. So this will take around a month to complete drilling. Let's hope they are timely about the release of their results and that the results are tenfold better than the Phase I results.

The only thing keeping this from hitting 1 cent a share is the Toe property drilling and the fact that they are being quick about jumping to Phase II which shows at least some confidence from the management team.

All in all, hugely disappointing results. This stock will bleed for weeks to come. For those of you wanting to buy in, I guess now is the time. If I do end up on this play again, it will be when it hits 3-4 cents which should be in the next month or so unless we here some great news to come.

POS!
Bullboard Posts