RE: RE: CRE or NMX? Ok, I'll clarify my post a little bit. It was a bit "harsh".
Let me first state that I don't own a single share in NMX, and I own a bunch of shares in CRE. So for this argument, it will not reflect any bias opinion towards NMX, if anything, the I will and would be more bias towards CRE.
To start, Nemaska does have much less in the ground then we do. Go back to my previous posts where I compared a bunch of the lithium junior companies to CRE. I put everyone's NI 43-101 reports together, and sure enough CRE was one of the largest in size. Then we compared everyone's NPV's to CRE, and we were 3rd best of all the lithium companies I could find (keep in mind we haven't even factored in tantalum).
So why do I say that CRE is not as good of a buy as NMX? Well for the sheer fact that NMX is much further along in developement. They are not far behind CLQ, and as Trader_RP points out, the reason that NMX is dropping is due to a failed financing (there's a bit more to it then that, but that's where I'll leave it). However, with the demand that lithium brings to the world, someone or some company will finance NMX (assuming the deal is right for both parties). Also, Guy Borassa has purchased 50,000 shares since April 9th, and he has also acquired 200K shares through prospectus. That shows confidence to me. They are also moving the project along while working on a deal with whoever is out there.
So in terms of calling management "liers", I will recant that, and just call them BS'ers. CRE has failed to meet any significant deadline they've stated, and it looks incredibly bad.
1) Tantalum recalc - 4 months late
2) Project Pilot plant - 5 months late
3) BNT money we were supposed to receive (didn't happen)
4) Eric Leboef with Paradox - He got axed for some unknown reason
5) Paradox receiving more then enough money from CRE in an attempt to give JFM money (because really they don't do what they are worth)
6) The off-take that was supposed to be completed by end of December
7) The financing that just recently happened out of nowhere, I know it caught everyone off guard
8) The completion of the pilot plant that hasn't happened yet that shoud have
9) The mystery metallurgy that was sent to China that NEVER EVER was reported
10) The mystery resignation of Ron Macdonald, Jenna Hardy, and Mark Baggio (obviously they weren't happy about something in the company or they wouldn't have resigned)
11) The Environmental study that was supposed to be released in January
12) The Feasability study that was also supposed to be released sometime this year.
***As you can see, there's a lot of questionable things that have happened. There's more then then just the 12 things (holy cow ONLY 12 LOL!) that I've stated. I know they've pushed back dates on almost everything..........so this has me saying at the current moment NMX is a better buy IMHO and it would be a good chance to make some cash, then turn around and re-invest in CRE, as I see CRE to be a big player at some point. Right now NMX is somewhere around a year ahead of CRE, and with nothing coming down the pipe for sometime for CRE, this would be a good opportunity to get your money in something else, and then get back to CRE, because I can't see it moving to much from now in any direction without news! Don't get me wrong, I would love to have news as I hold a lot of CRE shares.
That being said, I think my point is now pretty clear. Feel free to correct me if I've skewed some of the facts. I don't mind criticism. I'm not bashing CRE, I'm just saying the things that have happened in the time I've been invested. Cheers,
Shelbs