Nemaska Lithium Inc NMKEF

Market Rebound

[Charlene]

The peak fear for cornovirus and oil was yesterday.  We should see a nice rebound today.  I am happy that NMX is not trading.  This fear will be good to make governments and central banks apply stimulus.  Also, makes governments and people more careful.   The new cases should go down.

The end of this month, there will be a new narrative.  Good luck all.

[mick1888]

In addition to your observations Charlene; all Governments should be looking at their supply chain for 'strategic materials' such as lithium, and whether it is satisfactory that global industry should all be reliant on predominantly a single source (China).

[Calgary_AB]

Mick, I can now see how you talk yourself into believing something that is not true... "strategic materials" such as LI = not true, Canada does not have Gigafactories or EV factories therefore the LI is not a "strategic material". Canada has to import the EV or the battery from elsewhere... Strategic material is if you have the Gigafactory and have no raw material like LI and

[mick1888]

CalAB, the following quote taken from Quebec 2020 - 21 budget; $90 million over five years for development of “critical and strategic minerals” such as lithium enough said.... ;-)

[TFSAfunds]

mick, I do wish you wouldn't do that! Please supply the entire quote... it makes a big difference in what is said! $90 million over five years for development of “critical and strategic minerals” such as lithium, cobalt, graphite, rare earth elements, niobium and titanium Please note it is not a $90 million dollar investment in NMX this year, but an investment of that amount in various

[mick1888]

TFSA another couple of quotes especially for you; 6. BOOSTING THE REGIONS' ECONOMIC DEVELOPMENT Development of Qubec's economic potential depends on the contribution of all the regions and businesses making up its industrial fabric. To boost regional economic development, the government is providing more than $900 million in Budget 2020-2021 to: — promote regional prosperity

[mick1888]

PS and the original point I was making was whether LI was 'strategic'.... ;-)

[TFSAfunds]

mick, ok I get the point you were trying to make. Unfortunately, budgets are also a little like election "promises"... sound good, but are deliberately vague with slight chance of being fulfilled unless re-election depends upon it... lol Of course with Covid 19 out there, public health takes precedence and you know where any required funds will come from! Budget could be out the window

[Calgary_AB]

mick, now you are twisting it on me... I thought we were talking about "Critical" now it's "strategic" totally different thing... China was strategic by controling the Medical, rare earth and a million other sectors...QC is strategic at collecting TAXES and pushing narratives so people don't complain about the taxes... To have and control a mineral that only QC can

[Tiger737373]

Mick, thank you, always interesting to read your posts. No doubt the news will come soon. Good evening to you

[Calgary_AB]

mick, actually not "enough said..." you have to always question the politicians... lawyers and politicians (usually politicians are lawyers) are the biggest liars... Politicians have no idea what critical materials are for their region...let the free markets figure it out... take the rules and regulations off and the business people will figure it out... so use your brain mick and tell

[mick1888]

Lest we forget, we let the markets decide with sub prime mortgage packaging, and look what happened - a Global Financial Crisis. While I agree with you about politicians, a large chunk of the problem is they allow themselves to be corrupted with Big Business lobbying.... :-[ Come the revolution....;-)

[Calgary_AB]

OK, I should have added Bankers, lawyers and politicians....they are one and the same Last financial crises was a good reason to give more money to the wealthy... noone bailed out people that lost their house, but big banks got more money from the central banks and that is a future tax on people that lost their homes to the same banks... Anyway, Tcheck should be supper happy; Trudeau announced a

[Calgary_AB]

Charlene, I can't believe you (and others) say "I am happy NMX is not trading".... One of the worse thing that can happen to an investment stock is to be DELISTED. Do not think for one second that stimulus will be applied to a loser junior, that is not stimulus, that is stupidity... Stimulus is for already operating companies to continue operations in harsh times, NMX is not an

[Charlene]

EV sales and market sentiment impact NMX's valuation to investors.  The higher the valuation, the better the deal for shareholders.  So, it does matter. Calgary, if I were you I would be questioning your holdings in gold miners now.  As sentiment improves, this category will sell off in the short term.   If there is a recession, gold gets hammered no matter the

[Tcheck]

money is the least of gallharrys worries . there are things in life  that money can t buy . another gallbladder maybecould cheer him up ? who knows .just kidding

[Calgary_AB]

don't worry about me Charlene, I buy and sell all the time, I can handle my own afairs better than the NMX LONGS....lol at these prices I'm a buyer.

[Charlene]

Calgary, did you listen to my advice from yesterday?  Gold miners down 10%! today  Hope you were able to avoid that carnage.  Definately not a good time to own gold i.e. Not Got Gold... :( 

[Calgary_AB]

Charlene, sorry but I don't take advice from people that are LONG on NMX... I did answer to your post yesterday... If it's not good time to own gold, what else should one hold? Don't worry about me, I trade gold almost daily. I got caught on some and I also bought more. Buying YRI at $2.30 and surviving with it when it drops from 6.00 to 4.95 it's not as bad as you make it to be..

[Ciseaux]

It is often advised to own between 5% and 10% gold in a portfolio. Bullion might be better than owning the gold miners. CGL stock (ETF) does the job. I'm not sure Charlene that we have hit the bottom. I have started buying stocks (about 20-25% of the cash I have on hand) on companies that are now 15-20% off (earnings will be off too...), but I would not be surprised to see another 10 or 15

[Calgary_AB]

I personally don't trust the etf's... 5 to 10% of physical gold would be for insurance... Miners can be played just like any other commodity... Miners always go up after Gold price went up...they need to mine it sell it and show profits first...but when they do go up they go up higher %  than gold price... so if you want safety you buy physical, you want to make money buy miners.

[Ciseaux]

Calgary_AB, I guess that if you want more money you need to take more risk by owning the gold miners, but the best risk/reward ratio is bullion. This is the advice of famous investor Ray Dalio.

[Takeactionnow]

This post has been removed in accordance with Community Policy

[Calgary_AB]

Gold is a hedge against inflation... during a market crash gold also crashes but not as much as the rest... This recession and crash is deflationary so Gold doesn't work during deflation... Inflation coming soon.

[Takeactionnow]

This post has been removed in accordance with Community Policy

[Calgary_AB]

tell me something new... you said Gold not working...Gold lost 6% from it's 1700 high, how much did all markets lose, 35%? also this is a 3 day crash...wait a month and do the calculations then... Everyone is quick to critisize me but they never say "Thank you" Takeaction, thanks for not postsing a link to your stupid website