Nemaska Lithium Inc NMKEF

RE:Report from Orlando Evening Event (Ruth's Chris Steak House)

[polo11]

MarlboroughMan wrote:
So I was present tonight for the Orlando area's evening event at Ruth's Chris Steak House (that's it's real name, no joke) in Winter Park, Florida. I live down here and have been invested with NMX for awhile now. I was able to meet Victor and Wanda. They were both very cordial and were very approachable. (The crowd was ridiculously rowdy in my opinion, but I guess that's FLA for you.) I already knew a majority of what Victor and Wanda presented for information about the company from reading as much as I can find on the internet. BUT, there were some interesting tidbits to share: 1) Wanda made mention several times that they believe the new drilling may double or even triple the current estimated lithium "resources". I know that's been stated on here already, but they did, in fact, say that. 2) It was stated that two new Canadian analysts will cover the stock soon and they also believe that one American analyst will cover the stock as well in the coming months. 3) They made mention that they have reason to believe there will be several off take agreements forthcoming within the next several months from "large companies that you will probably know" (their words, not mine). They believe that these off take agreements may positively affect the share price. 4) I asked them how they intend to finance the phase 2 (big processing plant) portion of operations and they said they expect a couple separate sources of funding from the Canadian government that should provide upwards of $100 to $125 million Canadian dollars (one source has something to do with their operations being north of a latitudinal line that the Canadian government is using to determine which businesses qualify for financing from a pool of a billion dollars and the other Canadian government was something I didn't recognize), debt will cover a large portion of the bill, and off take agreements will cover some as well. I asked that question specifically because the idea of more dilution is a scary prospect. I can't say they completed ruled out the notion of another equity offering, but they didn't mention it when I asked that specific question. Anyways, they were super nice and I am super glad I got to go. I hope some of this information helps some others.