GREY:NMKEF - Post by User
Post by
Alcideon Dec 05, 2020 11:50am
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Post# 32043902
Damages caused to 24 000 family shareholders of NMX
Damages caused to 24 000 family shareholders of NMXDamages caused to Nemaska Lithium shareholders.
1) From a share price point of view:
The average price paid by individual shareholders for their 508 M Nemaska Lithium shares
was $ 0.80/share.
So these shareholders collectively lost an investment of (508 * $ 0.80) = $ 406 M.
On this basis, our Class Action could claim $ 406 million in damages.
2) From the point of view of the Net Project Value of the Nemaska Lithium:
Net Project Value of the Nemaska Lithium project (NPV) has been professionally assessed by National Bank Financial and Clarksons Platou (Referenc:Teaser document, February 2020)
at $ 3,100 M.
This NPV of $ 3,100 M represents ($ 3,100 M / 847 M shares) = a value of $ 3.66 / nmx share. However, the project required an additional $ 1.1B. So our class action could claim:
($ 3.1B- $ 1.1B) = $ 2,000 M or $ 2,000 M / 847 M shares = $ 2.36 /share in damages or
508M * $ 2.36 = $ 1,200 M