Post by
Takeactionnow on Jun 20, 2020 6:46pm
Another thought
Very little has been heard about one of the most important shareholders, the local Cree of Nemiscau. Without their cooperation, the project will not succeed. It seems doubtful that their significant investment would be wiped out if an acquirer expected them to support the project.
Comment by
TicTacTo on Jun 20, 2020 7:32pm
No worry for Cree, NMX pay regularly interest on their C$16 million loan. They will not loose a penny.
Comment by
Takeactionnow on Jun 20, 2020 7:37pm
An excellent observation, which provides a high degree of confirmation that, one way or another, the project will continue. I was thinking more of their substantial shareholdings.
Comment by
TicTacTo on Jun 20, 2020 8:16pm
No doubt that project will be put in operation, no doubt IQ will be part of new financial structure, no doubt IQ will recover their C$80 million potential losses and end with huge profit but no certitude retails will recover something
Comment by
Takeactionnow on Jun 20, 2020 8:35pm
Sadly, quite possible. At least we will know soon.
Comment by
Calgary_AB on Jun 21, 2020 11:47pm
IQ invested 80 mill "or so" at around .90 and they sold half of their posistion at over 1.80, I guess none of you read my posts...you should have... IQ not losing a penny.
Comment by
Calgary_AB on Jun 21, 2020 11:44pm
you guys are like parasites trying to catch a ride on someone else’s back...it won't happen... The Cree nation can profit later with a new capable Company, they have the land and the LI...new company comes they make a new deal...NMX chapter closed. Why are you guys so narrow minded? I TOLD YOU SO! you guys won't believe it when it hits you in the face...and it will