Introduction
Neometals (OTCPK:RRSSF; OTCPK:RDRUY) made it big at the beginning of 2019 with the sale of its 13.8% interest in the Mt. Marion lithium project for A$103.9 million. As of 30 June 2019, the company thus had A$113.7 million in cash, another A$8.9 million in investments and no debt. Yet, Neometals’ market valuation has been steadily decreasing over the past months and stood at just A$98 million on 30 September. The company's assets include a battery recycling plant project, a lithium chemical plant project in India as well as the Barrambie vanadium-titanium