Nemaska Lithium Inc NMKEF

Construction, Greed and the Markets

[Smokerama]

I will make a few brief points: 

Markets: The markets are not rational. Any opinion that claims to know what the markets will do is irrelevant. 

Construction: Construction in Quebec is a mystery in itself. First of all, we are currently in a two week construction holiday. This is a union mandated holiday and I assure, work has ground to a halt right now. Does it make sense to stop construction at this time of year? Of course not. 

On any given day on a Quebec construction site, you will find the following: 

An Engineer smoking a cigarette doing nothing. 
A technologist looking at his phone doing nothing. 
The manager giggling with his supervisor doing nothing. 
The supervisor eating a poutine, giggling with the manager doing nothing. 
And Ti-Guy, digging a hole with a shovel. Ti-Guy is the Engineer's son who will work hard until Dad tells him to experience a back strain. He will go on disability and will be replaced by Ti-Paul. 

I drive by these types of sites every day. 

When hunting season rolls around, the project comes to a halt again. Many back strains during this period. All to say, construction costs will be far over budget and another round of financing at depressed levels will be required. 

A takeover is unlikely construction is completed. 

Greed: A Quebec Director or Officer aspires to have a waterfront home in Fort Lauderdale. He also aspires for a yacht, fast cars, endless amounts of poutine and a bottomless bottle of wine and regenerating pack of smokes. It's a good life. Let me know tell you that much. 

Most of the .10 options have been punted out. At this stage, the stock has to get beaten so another round of tens of millions of options can be issued. 

Playing this stock now is like putting your money into a slot machine. It will be dead money for the next couple of years but it may yield something eventually. Let's hope that they can execute. Wishing you all a pleasant construction holiday!