Big recommendation..
I first saw the new rating of $2.60 and checked U.S price on $NOVONIX (NVX.US)$ as I knew it was still under two bucks a piece... Then I came across the new addition to news and it's actually upgraded around 266% to 2.60 AUD
Oh what an upgrade!!! it's currently at .71, so an upside over 250% is great for any investor. I've been watching, in and out, for last cpl yrs and I always preached it would fly one day-just needed the right economic circumstances. High interest rates here in Oz have been affecting investors and Aussie companies, and Novonix was no different. But after the storm comes a rainbow 🌈
When you're talking about a company that has been spending on its infrastructure, R&D, new technology etc, you know that spending will lead somewhere.... sometimes it's down and ends in massive debt and finally acquisition, or it leads to a company with leading technology and infrastructure ready to go now.
I have noted the big interest in Novonix over the years from our government, US govt and USDeptEnergy, with tax breaks, loans, massive cash injections. They have eyes on it and spending on it by the millions I'm assuming this is one they wanted to save all along. Of all the Aussie small caps that have been fighting to stay standing, I noted Novonix, and also Jervois Global (Aus company, just opened ICO, only primary cobalt mine in U.S) were getting massive grants from both governments and have potential to be huge on short and long term...
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