GREY:NMKEF - Post by User
Comment by
Takeactionnowon Jun 25, 2020 9:38am
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Post# 31189678
RE:Fitzgibbon «complètement indifférent» à l’actionnariat NMX
RE:Fitzgibbon «complètement indifférent» à l’actionnariat NMXA careful read of the article makes clear that Minister Fitzgibbon doesn't care who shareholders are with respect to building
value added projects in Quebec. He clearly is committed to the idea of attracting capital to develop the sector (and specifically, once again, refers to battery manufacturing), and doesn't care that the money comes from outside of Quebec (since, as he indicates, $7-8 billion probably couldn't all be raised here) so long as Quebec benefits. This makes perfect sense. As far as Nemaska Lithium is concerned, $200-300 million additional dollars is tremendous, which the Minister clearly indicates would be made available so long as there are others investing too. He expressly states that he is confident for Nemaska, and the article overall suggests (how much reflects the Minister's words cannot be known) that the company will effectively be relaunched. Were the business simply to be transferred to others, one would expect the wording to refer more to "the project". As we get close to the bid deadline, it sounds like a deal is nigh.