RE:RE:RE:RE:Pallinghurst - Traxys JV unlikely to upset the localsTcheck, although I was disappointed with what minister PF said the other day, I've now come to the conclusion that really he is saying what is most beneficial to the Nemaska bond hearing cause. In other words a typical slippery politician. He will not let down his own local voters, 25k of them (multiplied by family / friends) and the First Nation.
To be honest there is no need for Pallinghurst to go lower, their intial investment is $200m, with a rights issue for the remaining $400m. Then we have the Bond and second tranche of Stream replacement which will total another $425m. Where this comes from is up for debate, but we do have IQ, Softbank, Pallinghurst and Traxys all in the mix, and this is without looking at other options (investors such as the deal just made between VW and Chines Battery maker Guoxuan). There will be plenty competition if it's need..... ;-)
IMHO there is potentially a lot to look forward to, but at the moment no one can talk up this or any other deal as it may jeopardize the Bond outcome.... ;-)
GLTA longs
Tcheck wrote: Mick you mean
retail will participate at 0.25 cents .the new shareprice set by pallinghurste.
they can set the price for the deal at 30 cents for that matter.
flexibility of negotiations .
be creative .
dont sell yourself short.
the problem is IQ.
pallinghurst deals with IQ.
not with nemaska.
IQ does not have our interests at heart.
they are the pig unknown