GREY:NMKEF - Post by User
Comment by
mick1888on Oct 22, 2019 1:36am
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Post# 30253781
RE:RE:Jupiter, an existing Pallinghurst Investment
RE:RE:Jupiter, an existing Pallinghurst InvestmentAgreed, dilution not great whatever it's going to be here on in CanadaC.... :-/ But, less high interest Bond to pay back and less milking off the sales from the Stream, then the more profit available to address the dilution.... :-) l assume you did note on my previous that Pallinghurst was into buy backs with Jupiter.... ;-)
CanadaCoin wrote: mick1888 wrote: this is what you want from a partner. They aquired 49.9% stake in this project in 2007 and look what they have delivered;
Pallinghurst took Tshipi through the development stages from pre-feasibility through to completion, ramp-up and to steady state production.
That's great Mick, but Nemaska's pre-feasibility stage was over six years ago. Pallinghurst can't go back and change history here.
There is a huge difference between Pallinghurst taking a small explorer back in 2007 to a sucessful mine.......and coming in during a major cash short fall halfway through the Construction Phase of Nemaska. Juniper probably only had a 20 million shares outstanding when they started to work that project 12 years ago. We all know how many Pallinghurst has to start with with Nemaska.
Understand what is happening here Mick...
Nemaska's NPV of $2.1 billion divided by 200 million shares [2017] is great!
Nemaska's NPV of $2.3 billion divided by 800 million shares [2018] is good!
Nemaska's NPV of $2.3 billiion divided by 3.4 billion shares [2019] is a little worrisome!
Nemaska's NPV of $2.3 billion divided by 5 billion shares [2020] is terrible for the shareholders!!
Mick....PAY the 11% on the Bonds and STOP the shareholder dilution. It is killing you! You're all excited about saving $40 million per year in interest. Who cares about $40 milion. The dilution is killing you! Who cares about the Stream.....STOP the dilution!! :)