Nemaska Lithium Inc NMKEF

RE:Pallinghurst - Traxys JV unlikely to upset the locals

[Calgary_AB]

mick,
try to take the rose glasses off and ask the questions:
why would anybody in their right mind sacrifice a significant investment to get a major stake at an inflated price of 0.25 when the SP is trading below 0.15?
The project is not proven to work or ever be finished to produce anything?
The management did not do everything it was asked of them...
who cares how many thousands of Quebec investors get upset, PL has no obligation to make people happy, NMX was the one promising people not PL...same thing with First Nation labour force...
and your last question: the backed out because they did their DD and found that NMX is not investable in...it like someone comes to you and gets upset with you for not investing into a particular company and it's your responsability to make the other investors happy...F OFF

mick1888 wrote: why would they sacrifice a significant investment that they are already getting a major stake for a bargain basement price (0.25c), for the sake of what in value? The project will be generating a roughly 75% profit margin earning roughly 300 million (plus) dollars a year? Why would they not have settled on the original proposal that they nogotiated over six months, where the existing management are doing ALL that is being asked of them? Why would they upset 25k Quebec investors, or the First Nation labour force? Why would they upset the Local and National Governments of the region on where they intend to operate? Why would they back track on their joint venture statements;

Arne H. Frandsen, co-founder and Managing Partner of the Pallinghurst Group commented:

“The electric vehicle and energy storage revolution is gaining pace. The future demand for the critical battery grade materials is set for explosive growth. Pallinghurst-Traxys has its exclusive focus on the ethical and sustainable sourcing and development of battery materials. We shall focus on projects that will minimise carbon footprint and environmental impact. Where possible, our investments will strive to use power generated from hydroelectric and other renewable sources. As a responsible supplier of battery materials, we will emphasise safety of operations and operate with full accountability vis-a-vis communities and all other stakeholders. Together, Pallinghurst-Traxys, will provide the necessary capital and hands-on expertise to ensure that our investments become successful as leading and sustainable players in the battery materials space.”