GREY:NMKEF - Post by User
Post by
Tcheckon Dec 26, 2019 9:14pm
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Post# 30492464
Ominous points in pwc report
Ominous points in pwc report 23. To secure the Secured Bonds, Nemaska, Nemaska Whabouchi and Nemaska Shawinigan granted security on the universality of their tangible and intangible assets, present and future.
for me it means they own the mine if .....
22. Interest paid to date totals approximately $51M USD.
for me we are bleeding money .only 160 M was spent in works so far .50 % mine ,4% conversion plant.
24. The net proceeds of the Bond offering were placed into a USD escrow account (the “Escrow Account”), until Nemaska met certain conditions for disbursement, including that it has sufficient funds to complete the Project and has received the total amount of the Streaming Facility (see below).so ? We didnt receive the second half od the streaming .
so money is not disbused .we dont have it to continue the works .
obviously we dont have the money to complete the project.
what a bad deal .everything collapses on not meeting the conditions but for how much are we on the hook.point 23 looks very ominous to me.