Nemaska Lithium Inc NMKEF

RE:RE:RE:RE:RE:Here's hoping nmx does a deal with them

[mick1888]

CalAB - while you have a point about the inexperience of the management of NMX, they did close out (to a degree) the financing of the project. This included deals with companies such as Softbank, Orion and Northvolt (who recently announced a big deal with VW). And yes they did have a big hole (CAD375m) in their assessment of requirements, but in their defence as was pointed out recently by Albermarles very own CEO, this is nothing unusual in the LI industry. In fact he stated it was the norm for under assessing the budget and missing programme milestones. There is nothing new in this.
The current situation is pretty sh!t for short term investors, who no doubt were looking to make a quick buck over a few months and are understandably angry. But to be honest, for the medium to longer term investors the situation is not that bad considering NMX secured 1.1B investment when others haven't, which incidently do put them ahead of a lot of the 'new kids on the block'. NMX will finalise the remainder of the funding required to complete both the mine and chemical plant, and in the near term it will most like not be good for all of us who believe and have invested in the project. But over the long term, and even with the current management this will be a success. Incidentally, if you listened to the Albermarle CEO interviews recently I got the distinct impression from his comments that he did not think that highly of a few 'new entrant' managers?
Anyway enough of my optimism, you can shoot it down now.... ;-D
GLTA longs