RE:RE:Jan 3 webinarZevo wrote: I’m even more excited to hold long position and will keep buying dips.
Next few months could be significant.
If anyone else was on the call, please share your feedback...im not sure if the call was recorded Iscfa.
Highlights
-they will be inviting some shareholders to Korea first half of year
-currently at 40 NDA’s & talks with others ongoing
-there was mention of 1000 mile range !!
-their product is still being tested by numerous battery players, Spencer confirmed they have made improvements to NBMSiDE this past year - scale up centre enabled quicker turnaround times
-battery players have said NBM’s performance is superior to their competitors and their price is way cheaper - this feedback is consistent from multiple players in EV chain as per Spencer
-battery players are price sensitive right now,due to a lot of input costs rising, they have confirmed they don’t want to pay a lot for silicon anodes - this favours NBM with their low cost manufacturing
-NBM currently has highest initial capacity in the industry, according to battery OEM’s
-silicon anodes are currently being used in upper end EV models only right now, goal of industry is to make silicon anodes standard in all EV vehicles = huge market with no real dominant player at this point
-expected milestones next 6 mths 1) joint dev agreement 2) offtake agreement 3) collaboration agreement = some NDA’s will materialize soon...
-AGM expected feb/March to complete COB - expect news and material soon
-reviewed business model for revenue - impressive
- reviewed financing both with banks and strategic partners - impressive
Spencer - “bottomline we are working to create shareholder value with no to minimal dilution” and “we are way undervalued right now”
Their product is a winner. Performance is superior and cost is lowest due to their manufacturing methods. Competitors selling silicon anodes for $80-100/kilo and NBM feels they can sell for approx $20-25/kilo. HUGE difference
I believe what was said is that competitors making silicon anodes are paying $80-$100 per kilo to buy silicon as an input cost. NBM can buy silicon from the silicon recycler for as little as $15/kilo. That would mean that NBM's silicon input costs will be cheaper by about 80% and not the 40% quoted in the NR.