bmks270 said:
https://seekingalpha.com/article/4585521-american-battery-technology-stock-pilot-plant-behind-schedule-cash-running-low-avoid
Above is a more critical analysis of their financials.
From their website information it looks like they've very much gone from the idea stage to the building something stage, and have hired teams to execute, so that's good.
Below is the most positive news I've seen.
https://americanbatterytechnology.com/press-release/lithium-ion-battery-recycler-abtc-signs-term-sheet-for-20m-non-dilutive-debt-facility-for-pre-purchase-of-its-recycled-battery-metal-products/
Landing a $20 million dollar pre-sale would be huge (although far short of the projected 160 million / yr projections pitched two years ago). I'm still a bit doubtful regarding the projections because of their poor track record, but lining up customers before the plant is complete is good.
You're quoting the same Seeking Alpha that just listed SVB as a major buy the day before collapse to $0? That's cute.