Neo Lithium Corp V.NLC

Primary Symbol: NTTHF

Metals & Mining Industrial Metals & Minerals

Neo Lithium Corp is engaged in the business of exploration operations. Its principal business activities are the exploration and development of resource properties. Its project includes the 3Q project. It operates its business in the countries like Canada and Argentina, however, most of the revenue is generated from Canada.

OTCQX:NTTHF - Post by User

Neo Lithium Corp

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Comment by Eric35on Apr 25, 2019 10:07am

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Post# 29668946

RE:RE:Who is selling?

I would like to understand that if the company is not bought. They will not have the choice to make a 50/50 with a partner. Would that mean that they would have to issue 117.5 million shares at market price at $ 0.70 .The Capex would be divided into two 319/2 = 160 - (0.70X 117.5 = 82.25) = 77.5 - money in the bank (35) = 42.5 million to find to finance the mine.If i was the major ownership of NLC like Wellington or Blackrock, they should buy more shares and create a wall at $ 1.00 .The company will gain more money from the joint venture and the investor too.

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