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.

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Nemaska Lithium Inc > Assuming that NMX stays in the 22 cent to 26 cent range over

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Comment by CanadaCoinon Aug 10, 2019 6:19pm

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Post# 30015148

RE:RE:RE:RE:RE:Assuming that NMX stays in the 22 cent to 26 cent range over

I do recall Calgary, your $0.30 target and a white knight savior possibly coming along.

And you have been bang on about gold and your gold picks also. Well done! I picked up a junior gold this past week myself.

I just hope these kudos don't swell your head too much. :-)

Just kidding!

Calgary_AB wrote: People that read my posts, over a year ago I posted about "If I was SoftBank..." posted exactly this transaction...it just wasn't SB that did it it will be Pallinghurst...at the time SP was over 1.00 don't remeber exctly but lets say 1.20...I said the smart thing for SB is to make NMX starve and drive SP to 0.30's and pick them up for a 400mill...if you look at than post it happens live now very similar... Longs bashed me...WAKE UP longs...

I talked about Gold and gold mining stocks, Unicorn especially said YRI will go broke...YRI was 2.30's at the time last week it hit 4.98 and at this price is still a hot deal, YRI will close the year close to or over 10.00...KG was 0.17 at the time, it is 0.41 and still a good deal my prediction 0.70's soon, MUX was 1.70's now it's 2.60 and my prediction over 5.00 soon...Gold was 1200's and now is 1500's by Nov. it will hit all time high possibly over 2000...

keep believing in NMX and eventually you will wish you listened a year ago...

CanadaCoin wrote:

nickto wrote: Offer at 25 cents no doubt on that, in any case Pallinghurst will hold at least 50% ... the new boss

I agree Nickto!

Current share base - 900 Million shares
Pallinghurst Placement - 800 Million shares
Rights Offering up to - 1,600 Million shares
Total Outstanding Share base - 3,300 Million shares

Pallinghurst will obviously exercise their Rights for an additional 711 Million shares. And they will probably end up with another 200 Million shares due to non participation of the part of retail shareholders in the Rights Offering. Putting their [Pallinghurst] holdings at 1.711 Billion shares, which gets them over the 50% threshold and sole control of the company.

And guess how much Pallinghurst has to lay out in cash to get this majority share?

Just $428 Million.

They get to buy half of a $2.3 Billion project for $428M! Sure there is still risk in this play, but their $428M cash infusion [and the project being 1/3 built already], reduces the risk previous shareholders have had to endure to this point. Not bad eh? :-)