GREY:NMKEF - Post by User
Comment by
furiousmaton Dec 17, 2019 11:01am
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Post# 30463536
RE:RE:Only good news lithium is at is 8months highs
RE:RE:Only good news lithium is at is 8months highs
time is NOT on our side given that NMX is running out of cash.
Nothing related to the lithium market or Quebec's policies means jack squat for how shareholders of this company are going to do. It's about financing, period. The rest is pointless noise at this point. Lithium value could grow tenfold, that doesn't change the fact that this company can't produce any with the money it has and thus will have to accept anything however damaging to the shareholders.
Want an example of what happens when you no longer have legs to keep your head above the negotiation table? Just look at the infamous hydro-electricity deal they had to sign for Churchil Falls. Same thing. Someone will come around and save the thing alright, because yes, lithium will be needed and will sell good. But current common shareholders won't be the ones making that money.