Nemaska Lithium Inc NMKEF

Nemaska Lithium Inc is a Canada based lithium company. It is engaged in exploring and evaluating lithium properties and processing of spodumene into lithium compounds in Quebec, Canada. The company supplies lithium hydroxide and lithium carbonate to the lithium battery industry used in electric vehicles, cell phones, tablets, and other consumer products.

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Nemaska Lithium Inc > Little positive point in Pwc report

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Comment by mick1888on Dec 26, 2019 7:39pm

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Post# 30492299

RE:Little positive point in Pwc report

A must read for clarity on the current situation. There are many interesting points contained within this summary, no more so than Section F, Point 67 regarding the Pallinghurst proposed deal;

The investment proposal cannot be implemented before the expiry of the exclusivity period on December 31, 2019

Meaning that even if Pallinghurst wanted to proceed, they are restricted in doing so by the conditions of the agreement until at least 31 Dec. In addition, why would the PwC Report actually highlight this fact?

TeddyBear wrote: say little as for retails better to not be optimistic, but can wait long with cash in hand (C$48M) not even considering restricted cash (C$57M), see annex A.

https://www.pwc.com/ca/en/car/nemaskalithium/assets/nemaskalithium-002_122419.pdf

Even if a few % probability to get pennies for retails, wait and see anyway.