GREY:NMKEF - Post by User
Comment by
martinpqon Apr 25, 2014 8:50am
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Post# 22490012
RE:Recent price action
RE:Recent price actionExactly what i'm saying since about one year.
You are totally right. No money = No candy. The major investment should come from Tianqi but they had problems managing alone Talison so they asked Rockwood to clear their debt with the China Investment Corp using the Joint Venture.
Tianqi asked to Nemaska more time before ordering big parts for the plants. They firstly asked to wait when they bought Talison (Winter 12-13) and this winter they asked to wait again because of the Joint Venture. They told it was supposed to close at the end of Q1 2014, now maybe Q2 like you say.
Another big event could be a financing by the government or something like that, but without the implication of the strategic partner, this company will go nowhere. That's why this stock Dropped to 10 cents after a 60 cents high.
Maybe a marketmaker (Paid by Tianqi or secret entity) is presently controlling the stock price in the interest of Tianqi to let them grab a big piece of the cake in a near future at a cheap price. This is not something hard to do with this kind of stock. The regulation is so soft.