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NVX - NOVONIX LIMITED


blacksheep
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successful completion of its fully underwritten $115 million placement of new fully paid ordinary shares (New Shares) to institutional and sophisticated investors at an offer price of $2.90

and now, SPP deferred . retail got lucky... NVX now $2.33

 

 

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  • 4 months later...
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  • 2 weeks later...

US battery supply chain business Phillips 66 will subscribe for 78 million shares in Novonix for a total purchase price of US$150 million. Additionally, Phillips 66 will nominate one director to the Novonix board.

 

Novonix’s chief executive and cofounder Dr Chris Burns said: The Phillips 66 investment will provide us with the capital needed to support growth and ongoing R&D as we continue to scale our synthetic graphite production and develop new technologies for higher performance energy storage applications. We look forward to continuing to build our relationship with Phillips 66 as both a strategic partner and investor.

 

Shares in Brisbane based Novonix are up 140 per cent over the past year and last closed at $3.02.

 

 

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  • 1 month later...

from under $3 in early August, less than two months and NVX has moved up to skirmishing with $7 lately.

 

One investor, Argo, had an element of surprise in its recent comments . Now close to being an ARG Top 20 holding with 14.24 million shares in the portfolio at 30 June

Battery and energy storage technology company, Novonix was the standout performer in Argo's portfolio, gaining a remarkable 75% for the month amid strong demand for the company's technologies.
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  • 2 months later...

And Novonix now above $12 a share. The last  news of note took NVX from $3 ; the Phillips 66 entry in August, subscribing for 78 million shares in Novonix for a total purchase price of US$150 million.

Just getting on with the gig; easier when there is money in the bank !!

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On 12/2/2021 at 11:07 AM, nipper said:

And Novonix now above $12 a share. The last  news.....

and that was it. Today, opened at $12.01, but then sort of freefall. Steady selling and in a Trading Halt for a few hours when it went below $9, or a 25% drop

Back trading for the last hour; started at $9.25 but quickly fell and bottomed out at $7.62  before a slight rebound. Down 32.5% for the day.

..................................

Reply to ASX

....

1. Is NVX aware of any information concerning it that has not been announced to the market which, if known by some in the market, could explain the recent trading in its securities?  
 
No.  NVX is not aware of any information concerning it that has not been announced to the market that could explain the recent trading in its securities.
 
2. If the answer to the question 1 is “yes”. (a) Is NVX relying on Listing Rule 3.1A not to announce that information under Listing Rule 3.1? Please note that the recent trading in NVX’s securities would suggest to ASX that such information may have ceased to be confidential and therefore NVX may no longer be able to rely on Listing Rule 3.1A.  Accordingly, if the answer to this question is “yes”, you need to contact us immediately to discuss the situation.  N/A (b) Can an announcement be made immediately?  Please note, if the answer to this question is “no”, you need to contact us immediately to discuss requesting a trading halt (see below).  N/A (c) If an announcement cannot be made immediately, why not and when is it expected that an announcement will be made?  N/A
 
3. If the answer to question 1 is “no”, is there any other explanation that NVX may have for the recent trading in its securities?
 
NVX is aware of the following possible explanations for the recent trading in NVX securities: (a) the Company has received enquiries from Shareholders regarding the Final Directors Interest Notice for Greg Baynton that was lodged with the ASX on 2 December 2021.  NVX confirms that Greg Baynton has not sold any of his shareholding in NVX and his shareholdings are correctly set out on page 2 of the Final Directors Interest Notice. (b) a CNBC article reports Tesla is seeking an extended tariff waiver for Chinese graphite imported into the USA because currently only mainland China could provide the quantity of graphite it needs in flake or powder form to manufacture its batteries in the U.S..  NVX maintains its current plan to reach a production volume of 10,000 tonnes per year by 2023, 40,000 tonnes per year by 2025 and 150,000 tonnes per year by 2030. (c) the Financial Review Newspaper ran an article on the technology sector generally, in which they reference NVX in the headline on 3 December 2021.
 
The company is not aware of any other explanation for the recent trading activities in NVX securities.
 
4. Please confirm that NVX is complying with the Listing Rules and, in particular, Listing Rule 3.1.
 
NVX confirms that it is complying with the Listing Rules and, in particular, Listing Rule 3.1

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  • 2 weeks later...

while the SP of Novonix has slipped a bit from the 12 dollar high at the start of this month, it is continuing to attract attention. NVX has even popped to #10 on the Argo portfolio (though it might fall back a bit, next month)

The SC webinar from a few days ago is useful

https://www.sharecafe.com.au/2021/12/10/due-diligence-webinar-novonix-limited-asx-nvx/

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  • 4 weeks later...

Battery technology company Novonix says it has begun the process to dual list its securities on the Nasdaq Stock Market. It announced in May 2021 that it was exploring a secondary listing on the Nasdaq.

Novonix has filed a registration statement, Form 20F, with the US Securities and Exchange Commission. The US listing is expected to take place after the SEC and Nasdaq have completed their review process and upon effectiveness of the registration statement.

The securities listed in the US will take the form of a Level II American Depository Receipt program. An ADR is a negotiable receipt, resembling a stock certificate that is issued by a United States depositary bank appointed to evidence one or more American Depositary Shares.

The primary listing will remain the ASX.

Quote

We believe Novonix was the first qualified supplier of high capacity long life synthetic graphite anode material to a major cell maker and is the only supplier with plans to provide large volumes of this key material in the US, said Novonix chief executive Chris Burns.

Quote

 

Our technological breakthroughs are helping to power the energy storage market, leading to better performance, longer life and lower costs.  This listing furthers our long term goal of reshoring the EV supply chain in North America and becoming a leader in the electrification economy.

 

 

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