Calgary_AB wrote: mick...my calculator is different than yours 350+375+50=775
where does the +50 come from? and let's not even talk about the business damage that GB has done by signing all the contracts and NMX is not honoring...very bad for business...there is ZERO chance that NMX will ever be able to do business under this name or under this structure...has to be sold in Liquidation and all commitments wipped out (including the reatil investors).
its funny how you call a mine substantially completed bad business. Without a little 'fancy footwork' this project would never have been started CEO lied, deceived and navely went ahead with stupid plans and deals.
ditto 'footwork' CEO disappeared before he got fired, proves he was way over his head but no one questioned him before, he was able to convince people but now people are awake.
and he leaves a well advanced project in his wake PL has already said twice they had no interest.
could you please provide the link, date or anything else in evidence of them indicating even once (never mind twice) SoftBank is in a lot of trouble as we speak, they fight for their own survival
YOY their stock price is up 17.5%.... ;-) not many companies are in that position as we speak.... ;-) Talking about $0.25 is stupid, the 0.25 talk was when NMX was trading at 0.30’s and 0.50’s…
0.25 is a documented fact, no other figure before or after has credence now it is INSOLVENT with broken contracts, delisted under CCAA protection.
and in the process of being restructured NO SANE INVESTORS will touch this. Anyone with an interest will make an offer to buy it straight out for pennies in the dollar that will not be nearly enough to pay the current obligations or the secured investors…in a case like this the secured investors look at the offer and decide as a group if they accept the offer or not. No Retail investor has a word to say here…100% of the time secured investors take the best offer and divide it as a percentage between themselves and the company declares bankruptcy and finally dissolves…
we will know for a fact in a few weeks if retail investors will be accepted as creditors by the judge in the CCAA (please every shareholder register - you have until 17 April). Saying anything else is misleading 100 % of the time retail investors stay in the dark throughout the process and out of nowhere they find out NMX doesn’t exist anymore
retial do not have to stay in the dark if they join the existing action by Me Jean Lozeau on behalf of the Nemaska Lithium Investors Group It is STUPID to think and keep bringing up the 0.25 per share offer…PL never offered anything, they were offered that by NMX and they already said NO, do you get it?
Nonsense, absolute rubbish man. So we all imagined the conference call with the CEO of Pallinghurst confirming without a doubt he would not be reducing the 0.25 offer. It was NMX extending the timelines not PL…PL was offered stuff they didn’t want to start with.
ditto as above conference call and press release dated 7 Oct 2019 Here is so you understand:
You are looking for a vehicle, I sell my vehicle…I give you a price I want and give you a date you need to decide by and you say “I’ll think about it” you come back and say “sorry I don’t want it” I say “ok, I’ll give you more time to think about” you say “ok, whatever but I don’t want it…”
There is no deal, PL made their decision and NMX kept extending the timeline but not because PL asked for it…
ditto as above conference call and press release dated 7 Oct 2019 THERE IS NO DEAL
You are correct with this, AT THE MOMENT.... ;-) mick1888 wrote: TTT - there was no additional interest due at time of bond repayment and settlement was made from the existing overrun account. So to be clear, what has to be replaced is the 350m bonds only and the original shortfall (375m) although Pallinghurst had indicated 600m to be on the safe side. So the overall figure is around 1B. 25c would be a better outcome and I see no reason why it cannot achieve this?