Nemaska Lithium Inc NMKEF

Nemaska Lithium Inc is a Canada based lithium company. It is engaged in exploring and evaluating lithium properties and processing of spodumene into lithium compounds in Quebec, Canada. The company supplies lithium hydroxide and lithium carbonate to the lithium battery industry used in electric vehicles, cell phones, tablets, and other consumer products.

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Nemaska Lithium Inc > Cree Nation Construction Hypotec and Preservation Notice

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Comment by mick1888on Feb 16, 2020 8:40am

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Post# 30696863

RE:RE:Cree Nation Construction Hypotec and Preservation Notice

Thanks TakeA

My point being that with the Hypothec in place it makes it more difficult for potential bidders such as Pallinghurst to drive down the price of their original proposal, or for others to come in with a really low bid. As for example it gives the Cree Nation a really strong hand in any proceedings that could push towards the threat of bankruptcy, and no entity could pick up the project on the cheap (as the Cree Nation would be at the top of the creditor list). And it seems to me that the Cree Nation are very much an integral part of the current set up (in very good terms with GB), so will act as a form of protection against over aggressive driving down of price?

GLTA longs

Takeactionnow wrote: Mick, this is simply a construction hypothec, which under Quebec law preserves the rights of a party that participated in the construction to ensure that they get paid.

mick1888 wrote: to me, looks like a form of protection order from hostile bids or takeover of the project? Please correct me if I'm wrong. Smart move if that is the case..... ;-)

https://www.pwc.com/ca/en/car/nemaskalithium/assets/nemaskalithium-039_021420.pdf