GREY:NMKEF - Post by User
Comment by
Haiabusaon Feb 24, 2019 9:24am
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Post# 29405574
RE:RE:If you are putting a price on these shares...
RE:RE:If you are putting a price on these shares...Thanks for asking, I haven't changed my position, been locked in at $0.99 ACB since mid 2018. My last buy was in the 50s @ small volume.
Still realstically pessimistic about near-term prospects unlike some of the other people on this board. I think Guy and the current management team have taken this ride about as far as they can. I applaud their excellent work up to this point, what they've done is very postive for Canada, Quebec and the communities within which they operate.
Simple fact is that, Nemaska the exploration company is a different set of skills than required by Nemaska the construction project, and an even different set of skills as Nemaska the operating mine/plant. We've already paid a premium already management's inexperience and I don't think major shareholders are willing to pay for another education lesson. The skills and experience gap will only widen as this comes closer to production. This is something Softbank is thinking about, what does a lawyer know about construction and operating a mine?
We might get taken out by a major player at ~$1, that is what should happen at this point - it'll be a disappointing number for many. I'm not betting any additional funds on this option though.
I think it was pretty telling to see Guy turn 360 on owning NMX as an operating asset and not selling. In his Feb. press release he mentioned "we become a bigger target as we get closer to production." He's never talked about being bought out, until recent.
I suspect he boarded a plane to shop this project out and not to dilute the shareholders with another capital raise.