Nemaska Lithium Inc NMKEF

RE:i think they can break the bad bond

[mick1888]

 Tcheck I agree that the court will rule in favour of NMX, but it is such a shame that this will not be done sooner as I think this is the blocker on the Pallinghurst agreement going ahead in the near term.

The finances I am sure will eventually be fixed out, but at what cost to us? Previously I was not overly worried, as all the pointers IMO were reasonably in our favour, but if this drags on until May (which is indicated in the PwC report), I am not so confident. I do hope there is a master plan between NMX / IQ / Pallinghurst, and that they have accounted for all this skulduggery. We will see.... ;-)

Tcheck wrote: mick thanks for the pwc report

the contract with the bondholders will be dissolved no doubt
since nmx didnt tap the money,
met their obligations
and the conditions stipulated were not  and cant  be met .

i think the courts will declare the agreement void.
which leaves us with a glaring hole
but that can be filled with hard cash

the 1.2 bn deal wasa fiction .
thankfully we can get it right now
since we have IQ on board .

we will need a headtransplant ,
a good heart
and like always
a lot of dough to finish this halfbaked project.

IQ will take over with pallinghurst in tow.
we will chip in once we are reassured that financing is sound