GREY:NMKEF - Post by User
Comment by
furiousmaton Nov 15, 2019 12:39pm
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Post# 30357211
RE:What the government is going?
RE:What the government is going?
The government may step in at some point but even if it does, the chances of that being of any benefit to shareholders is quite low.
I mean why would we get anything from this? You think the government should take taxpayer money and give it to you? For what? Because you thought this wanna gonna pay off and you're disappointed that your investment isn't turning the way you thought it would?
Quebec might benefit from having lithium production but what it doesn't benefit from is common shareholders making money off of this. If anythinig The government might step in once this thing is going bankrupt and just buy it for pennies on the dollar, wipe out shareholders and then give it a fresh start.
At this point the capital structure is so horrendous there's just nothing to hope from this lemon. The only reason I still own some shares is because the value is so low now that I don't even bother with the money I would get back by selling it.
What a fuking joke. And to think these guys gave themselves substantial raises about 2 months before telling everyone "huuh oops guys, just noticed we don't have enough money".