Bullboard - Stock Discussion Forum 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.

Add To Watchlist

GREY:NMKEF - Post Discussion

Nemaska Lithium Inc > Cree Nation Construction Hypotec and Preservation Notice

View:

Post by mick1888 on Feb 15, 2020 9:25pm

Cree Nation Construction Hypotec and Preservation Notice

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

102

Comment

Comment by Takeactionnow on Feb 15, 2020 10:20pm

This post has been removed in accordance with Community Policy

Comment by Tiger737373 on Feb 15, 2020 10:32pm

What does mean this for Orion mine finance? Inconsequential?

Comment

Comment by Takeactionnow on Feb 15, 2020 11:02pm

This post has been removed in accordance with Community Policy

Comment by Tiger737373 on Feb 15, 2020 11:07pm

thank you for the answer

Comment

Comment by Calgary_AB on Feb 16, 2020 6:01am

LOL Anon is back replying to his own posts under different names.... just like the old times. you got cought a few times Anon, why start again? Easy to spot, Tiger and Anon post same day reference the same money narrative BS site These are the pumpers that are responsible for many being stuck with NMX shares

Comment

Comment by TeddyBear on Feb 16, 2020 3:02pm

Nothing Orion already a secured creditors, enough value to payback debt. Do not change the amount of debt at C$161M except now Cree are secured creditors

Comment

Comment by mick1888 on Feb 16, 2020 8:40am

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 ...more

Comment

Comment by Takeactionnow on Feb 16, 2020 10:09am

This post has been removed in accordance with Community Policy

Comment by TeddyBear on Feb 16, 2020 3:03pm

Absolutely not, secured creditors will get 100% if asset more than their debt, otherwise all the same ratio on the dollars.

Comment

Comment by Calgary_AB on Feb 16, 2020 9:54pm

mick, Nemaska and/or the Cree Nation have ZERO bargaining power. Nemaska has nothing of Value to offer to an Investor and whatever value may be everyone knows it can be bought later in Bankruptcy Liquidation so why pay big money now?..

Comment