GREY:NMKEF - Post by User
Comment by
phantom666on Jan 17, 2020 4:14pm
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Post# 30566767
RE:The money narrative today’s post
RE:The money narrative today’s post
what moneynarrative said...The prudent course of action, which has always been to consider the best interests of the company and its shareholders, was and remains a financial payment to the bond trustee..... NMX.TO has been strongly encouraged to resolve the matter and avoid the ongoing costs and uncertainty of litigation. It is bad enough that investor confidence has already been lost, but a payment in the range of $10-20 million (as we have been saying all along), even at this late stage, is the only way to go. Never mind that the lawyers advise that it is not owing. This is about rescuing as much value as possible in the shortest possible time frame and moving on with the project. World lithium markets arent going to wait for NMX.TO to resolve its problems...... We believe that common sense may prevail, and that settlement is possible. Once that happens, and NMX.TO emerges from CCAA protection, a deal with Pallinghurst can be finalized and announced. Lets just hope that they arent too greedy and that existing shareholders have a reasonable share in the fantastic future returns that this company will enjoy.