RE:NMG needs Lac GuereteThough it is LLG's initial public offering price almost 10 years ago, I think the sticking point for the share holders will be the 51% controlling interest NMG will hold... but beggars can't be choosers and at least the new board is doing SOMETHING to move the ball forward. Instead of waiting for perfect they're moving forward with good enough and in the end the share price is likely to move back above $3.00 CAD (does anybody remember that… from like six YEARS AGO!!!).
by the way the old board turned down a similar deal years ago because it wasn't good enough and instead languished on the gamble that they could get something better
My concern is the new environmental impact approval they'll need for the over 5X expansion in the project size (that'll take years)... Not to mention we're now moving into an inflationary and recessionary economic environment.
i'm afraid I'm not overly optimistic, but The "miracle" everyone has been waiting for .... that is a big name such as an OEM manufacture or one of the big battery makers or the Holy Grail of Tesla enters into an agreement of intent to source all available graphite from North America
NET NET I view this as a positive development because we're at least doing something instead of sitting around with our thumbs up our asses