Nemaska Lithium Inc NMKEF

8th Monitors Report On PWC Website

[phantom666]

If 2 or more bids seem reasonable then an auction will be held on July 14th or at a later date agreed upon. Each bidder will know the others bid before the start of the auction and only up bids will be allowed.

[Takeactionnow]

The beauty of this process is that it is not like a government contract bidding process, where ordinarily the lowest price conforming bid wins (i.e. price is the deciding factor). Here, two or more bids can be deemed equivalent taking into account differing factors such as inclusion of existing shareholders. Canadian courts have upheld this approach in the corporate arena, whereby directors can

[mick1888]

A question for all - How can bidders incorporate IQ within their bid structure (IQ have 2 - 300m to offer) when the Bid Process expressly forbids collaboration between parties? No doubt more than one bidder would like to utilise this substantial sum, and in many different ways. It helps spread the risk and you have the Government on board which is always a good 'start in life'. And on

[Takeactionnow]

Every (serious) bidder seeking to acquire the business (as opposed to simply the assets or some of the assets) will already have had discussions with IQ (and others) so as to have an understanding as to what may be possible. Their bid is simply made conditional upon that support materializing. Since maintaining the business as a going concern is preferable to parties already invested in the

[mick1888]

Thanks TaN. Based on what you say, that would imply that IQ are not directly involved in the Bid Process, and this would explain why 'that Minister' made it public that they had up to 300m to invest. I would surmise this then puts IQ in a very strong position in determining the outcome of existing retail investment. But I would also suggest that it also puts them in a very awkward position

[Calgary_AB]

wow...it shows how much you know how business wroks... NMX is insolvent hence the reason CCAA you have a way of presenting fiction as fact. "Since maintaining the business as a going concern..." what? what busines is NMX maintaining? are they producing anything? are they shipping anything? are they building anything? are they even controling anything? the CCAA appointed a receiver to

[phantom666]

mick IMO say, IQ and Pallinghurst wanted to join together to enter a qualifying bid is to create a subsidiary or a new company.

[bigkagan]

shareholders have to be included in the bid, otherwise it's simply a bankruptcy but the whole purpose of the SISP is to avoid the BK, otherwise NMX could have declared BK long ago like CHK and to hell with shareholders. Even a symbolic 5 cents per share for shareholders would be great as long as they're included

[bigkagan]

not including the plant would free up money for shareholders. Only the mine is essential, the plant is secondary, it can always be built after the mine is constructed or the ore could be shipped to Nevada Tesla factory or China

[Takeactionnow]

All acquisitions are done through holdcos, so ownership is always at a bidder's discretion.

[TicTacTo]

Offers are now on the table, should know more soon, hope some buzz next week.

[dalesio_98]

Holdcos, NewCo ...