Here Nov. 4 news release saying that ------------------->>>
Establishment of NEO Battery Materials Korea Co., Ltd.
As of the week of November 1, 2021, the South Korean subsidiary, NEO Battery Materials Korea Co., Ltd., ("NBMK") has been established and has been registered as a foreign-invested corporation. NBMK will provide the flexibility to operate and to finalize and contract the semi-commercial site location. Through NBMK, the Company will seek to create relationships with the Korean provincial governments to apply for grants and to expand business opportunities in the lithium-ion battery supply chain-------------->
So imo, NBM is waiting for the provincial government grants to build semi-commercial plant at the moment.Unfortunately these government processes as you know take alot of time whitch is out of the company's control however if a government invest alot of money into NBM's plant then the SP will shoot up!! I actually have alot of shares right now so at the moment just holding rather than constant average down, I will wait till whichever comes first means that sinking down into .20s(Some might say? I do not see that coming personally but you know nowadays (omicron effect) so that happens I will buy more
or if NR comes first then I m ready (I m prepared) So I m patiently waiting for updates from NBM.
Believe it or not sometimes I feel like selling small nbm shares to see whether it goes up or not usually after I sell the price goes up!! If you guys want me to try I m willing to try it as well :)lol