Nemaska Lithium Inc NMKEF

What are the chances of getting some of my money back

[Zullu2018]

I haven't been following this as I bought some stocks in my RRSP. What the heck is going on.

[Takeactionnow]

Cost overruns caused the company to seek CCAA protection so as to work out claims before recapitalizing. Worst case scenario is an asset sale. We will know within a few weeks.

[Ciseaux]

I think you should just buy ETF (for example VBAL or VEQT from Vanguard if you just want stocks) instead of investing in single companies if you don't know what is happening with NMX!!

[Ciseaux]

And I would say 5% chance of getting 15-20 cents per share. 80 to 90% of getting $0.

[Takeactionnow]

While I have written my investment expectations down to zero so as not to be disappointed, my view is that existing shareholders have a more than 5% chance of getting something. With eight bidders in the picture and the strong position occupied by government (issuer of permits, power contract, additional investment) in particular, my view is that the odds are more like 60/40 in existing investors&

[mick1888]

The way the Old World worked, you would have a point. But investors now want more, it is not good enough just to make money at any cost (to the environment, the detriment of local communities & national borders, Climate Change etc). Pallinghurst Mission Statement; Our experience in the natural resources sector allows us to identify and deliver unique investment opportunities, unlocking value

[Ciseaux]

I'm still checking this board a few times a day because of hope, but only 3 weeks ago (we knew there were 8 bids), Fitzgibbon wrote on Linkedin: ''Investissement Qubec a perdu tout l’quit investi soit plus de $80m. Selon moi l’quit n’a aucune valeur aujourd’hui. Je ne connais pas la situation des investisseurs intresss la reprise mais je sais que les cranciers ne seront pas tous

[mick1888]

Ciseaux most of us (that are interested) are well aware of some of the stuff that Minister Fitzgibbon has said. But Why? I don't think it was because he was doing that politician thing of just 'bumping his gums', I give him credit for being more intelligent than that. So what do you think his motives were? Did you notice he is all quiet now? Do you think we will hear anymore negative

[Ciseaux]

U-Turn.... :) I think Fitzgibbon is quiet now because there's nothing else he can do about Nemaska. It's not like reporters are asking him questions about it every day. He has other jobs to do! And I don't speculate on his motives about the Linkedin comments.  I also still hope! I've always believed that Nemaska was a good project worth a lot of money.

[Takeactionnow]

There is another way of interpreting his statement, which is that some creditors won't get reimbursed (or reimbursed in full) because their claims are rejected or reduced, which is not a reflection of ability to pay.

[Calgary_AB]

Mick, the truth is: - the lithium is in the ground and if NMX takes it out or some newco it's still the same benefit for your climate change BS cause. - the workers will be the same local workers. - the tax goes into the same pockets. - everything is the same as you said with exception of very insignificant number of not so bright investors that were long in NMX... you ask "Insignificant

[mick1888]

CalAB there is a lot of people and Governments bought into that CC BS as you put it. And that is reflected in things like Lithium Investment. SQM - up 72% since mid March ALB -  up 55% since mid March LTHM - up 48% since mid March And lets not forget LIT (ETF) - up 100% since mid March The Lithium revolution has only just start (after a few false dawns).... ;-) Got Lithium.... ;-D GLTA

[Calgary_AB]

and you compleatley missed the point....