RE:RE:RE:RE:RE:RE:In what direction NMG is going ?1student, Kongratulation,
Shareholders held 65ish% of Nemaska Lithium prior to the BofD pulling the plug filing under CCAA with
millions in the bank. Pallinghurst, the offshore fiscal entity was not a shareholder.
Shareholders believe this was orchestrated (manigance) to get their hands on the local crown jewel lithium project to become known as Nemaska Lithium 2.0.
The gov't and IQ were seemingly dupped by Pallinghurst's silver tongue, was gifted 50% of Nemaska 2.0. Did the gov't and IQ conduct full due diligence on Pallinghurst's financial capacity, financial status? Where is proof of the same?
How much money did Pallinghurst inject into the 2.0 project to be gifted 50%? Zero (0), next to zero? Pallinghurst publicly stated injecting a billion $$ into Quebec projects? Where is proof of the same? Guess what, Pallinghursy didn't incur legal fees during the CCAA, payment came from creditor funds.
The only entity (an offshore entity) that has benefitted from Nemaska 2.0 is Pallinghurst selling their 50% stake to Livent (LTHM) worth over $300 million US at the time.
Remember the "patente a gosse", as per a certain politician.
Shareholders that funded the company over a 10-year period to the tune of $400-$450 million lost out along with creditors on the local crown jewel lithium project.
Will Pallinghurst and IQ involvement in Nouveau Monde Graphite bring about another Nemaska fiasco?
The NOU/NMG share price trajectory is certainly negative and hitting new year lows.
https://www.stockwatch.com/Chart/Hist?symbol=NOU®ion=C Will further funding come about between $2-$3? Under $2?
Time Will Tell All!
Good luck to all!
1student wrote: Get your facts straight Kongratulation.
I believe that prior to Nemask Lithium's creditor protection proceedings, Pallinghurst dd control the largest single equity holding in Nemaska Lithium.
The greater portion of that Pallinghurts equity position was said to have been swapped for "future consideration" and such with Livent, who is said to now control, along with Investessiment Quebec of course, the post CCAA imerging "new Nemaska Lithium".
The old Nemask Lithium enterprise was leveraged as a pure and simple "grift" by and on behalf of the various interested persons and parties.
Alas, that's what you typically find here at the TSXV Exchange or, as some others also call it, "The "SEEDY NX".