Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Nemaska Lithium Inc NMKEF

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

Bullboard Posts
Comment by CanadaCoinon Feb 13, 2019 9:41am
198 Views
Post# 29357305

RE:RE:My condolences guys....

RE:RE:My condolences guys...."...with the financing package of 1.2 B ,the project was supposedly derisked"

It was. But just with respect to raising the necessary funds for the estimated capital costs. But there is still major risk left in the building out and commissioning of said mine. 

But I do understand what you are saying.......the FS was obviously not properly prepared and estimated. 

Unfortunatly, this is far from over. Those who experienced the Canada Lithium build out/commissioning know what I am talking about. 


Tcheck wrote:
with the financing package of 1.2 B ,the project was supposedly derisked .thats why investors sticked with this company despite the big dilutionof shares  . the headache of financing was behind us .so we had financed where others had not .we were the best aheas of the pack .  .everything on time and on budget they pretended .
now everything what is left is on time IF we fork out more money .these are broken promises or downright lies .that some people have knowledge of the matter beforehand seems also totally unfair .
in fact the mine is far from being financed .350 M is nothing to sneeze at .with this shareprice they won t be able to pull a quick one like last time .this never comes good no matter what.
it is a disaster .they will buy us out for pennies .this is the likely outcome when you deal with incompetent or dishonest ?fools.


Bullboard Posts