Namib Minerals: Separating Restart Hype From Core Value
2026-01-27 07:40:48 ET
When I first covered Namib Minerals ( NAMM ), the share price was around $7.87; since then, it has been plummeting hard. At the time, my main thesis was that investors should be cautious. Due to the SPAC structure and overvaluation, the stock seemed to be detached from reality, and the company’s balance was not ideal: it lacked cash for their ambitious plans. Since my first thesis , the company now shows some progress with the Redwing project restart. Also renewed technical and feasibility studies. In the short term, this news positively affected investor sentiment and made some short-term fluctuations in share price....
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Namib Minerals: Separating Restart Hype From Core Value
NASDAQ: NAMM
NAMM Trading
-6.1% G/L:
$2.96 Last:
664,666 Volume:
$2.95 Open:
