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Nemaska Lithium Inc NMKEF

Metals & Mining Industrial Metals & Minerals Battery metals
Nemaska Lithium Inc is a Canada based lithium company. It is engaged in exploring and evaluating lithium properties and processing of spodumene into lithium compounds in Quebec, Canada. The company supplies lithium hydroxide and lithium carbonate to the lithium battery industry used in electric vehicles, cell phones, tablets, and other consumer products.


GREY:NMKEF - Post by User

Nemaska Lithium Inc
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Comment by Kendle2017on May 24, 2018 11:40am
231 Views
Post# 28075402

RE:RE:RE:RE:Bought deal and reverse split questions

RE:RE:RE:RE:Bought deal and reverse split questionsThe answer from Moneynarrative

Yes and no. The current $1.00 trading price reflects the issuance of new shares at $1.00, which is more a function of the availability of shares at this price. While the issuance of new shares does indeed cause the share price to dip owing to the dilution (i.e. more claims sharing the total company value), the current price is not an accurate reflection of the present value of NMX.TO’s expected future earnings. The market will start to reflect a higher share price in the weeks and months ahead. By production in 2020, themoneynarrative is of the opinion that the share price will be several times what it is today.

 

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