GREY:NMKEF - Post by User
Post by
Charleneon Jan 29, 2020 6:30pm
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Post# 30616725
Shareholders
ShareholdersHang in there. The worst part is over now that the bond has been discharged. I would expect more communication from this point forward... as they don't have to worry about say something too positive (this would have signaled to Nordic Trustee that they can delay and squeeze more). Once the sale/financing process starts, NMX will be pumping things. Its good to hear that Orion is very supportive - they represent 90% of secured bonds.
The expectation before was that it would take a few months. Its better to have more players bid (not just PG)... the larger miners could be interest in a JV, OEMs could be interested to vertical integration for North America. It also gives the market more time to improve (e.g. Li prices). Li Miners are already up 20-30% from Dec 19. This should translate to more offers, which means a better deal for (us) shareholders.
We hare to sit back a watch this movie. And try to tune out the few negative bashers on this board. Good luck all.