Nemaska Lithium Inc NMKEF

RAN should have put themselves on creditor list

[Tcheck]

if softbank claims
we should as well .

i realise ran didn t manage to regroup all the investors which is sad .
not their fault
it was a good attempt  and initiative

[TicTacTo]

Softbank is on creditor list for off-take agreement with NMX not as shareholder.

[Tcheck]

you are probably right tictacto Softbank is on creditor list for off-take agreement with NMX not as shareholder. quote Japan’s SoftBank Group Corp (9984.T) will buy up to 9.9 percent stake in Canada-based Nemaska Lithium Inc NMX.TO and invest up to C$99.1 million ($77.7 million) through a private placement as part of the agreement . SoftBank will have the right to nominate a member on Nemaska

[mick1888]

Sorry, am I missing something? Has Softbank got a non disputed claim as a Creditor? If not they are plain old shareholders just like the rest of us.... :-) Then back to my point, they won't acep a near 100m loss without a fight (which could take years)... ;-) GLTA longs

[TicTacTo]

Softbank will get something for contract termination (off-take), as LG, Northvolt, Matthey and General Lithium. NMX estimate termination contract fees at 93 millions. For the rest SB as a shareholders will get same as us except as board menber better informed on offers.  Why do you want fight for year is unhappy with outcome ? SB sometimes made bad investment.

[mick1888]

100 million reasons why they would want to fight. And they know, and the potential investor / buyer knows, they can hold any deal to ransom (in the courts). Back to my original point, IQ (13%), SB (9%) and Blackrock (5%) will not walk away empty handed, which means neither will retail.... ;-) GLTA longs

[dalesio_98]

Michael, IMO, IQ/Fitzgibbon are part of the problem, not part of a shareholder solution. Who will walk away empty handed?

[Ciseaux]

How long were all these contracts (Softbank, LG, Northvolt, Matthey and General Lithium)? I guess they were only for a few years and not for 33 years!! I also assume that the price of the lithium was not fixed, but determined based on the real price evolution (with small discount).  If the termination contract fees are 93M, why not just keep as is and sell the lithium to someone else

[mick1888]

These are the sort of things that will be getting negotiated now, hence the delay. They can't go to court without a comprehensive plan that the judge can approve. And this is why IMO, the longer it takes, the stronger the possibility we are included (along with IQ, SB and Blackrock)....;-) GLTA longs

[TicTacTo]

Surprising all the vaporware deduce in pos or neg from a relatively small delay in process, there is nothing to deduce.

[TicTacTo]

between 2 and 5 years, but law provide protection for cancel contract.

[phantom666]

TTT, if Softbank held at least 5% of NMX’s shares, they would have the right of first offer to purchase up to 20% product from NMX. No product, No claim for it.

[TicTacTo]

Wrong, take 5 minutes to check pwc document, Matthey, SB, Hanwa, all claim for off-take. NMX commit to deliver and failed, NMX need to pay some contract breach fees and estimate cost at 93 millions. LG and Northvolt do not fill claim.

[phantom666]

Offtakers AND other more complex claimants. Go read NR April 06 2018. IMO NMX fulfilled their part thru financing done. Has no product to sell. SB is trying to get all monies back. Won’t happen.

[TicTacTo]

Sweat dream, SB not dummies do not claims if zero chance. NMX do not estimate cost at 93 millions for fun

[phantom666]

Right to first purchase!! No guarantees of product to be produced. so no claim. Stuck with the shares.