GREY:NMKEF - Post by User
Post by
materialsgirlon Oct 15, 2019 3:11pm
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Post# 30232889
Clarity in 2020
Clarity in 2020https://www.juniorminingnetwork.com/junior-miner-news/press-releases/940-tsx/nmx/68332-nemaska-lithium-provides-update-on-the-whabouchi-project.html
NMX has now broadcast the uncertainty about its chances of survival.
The share price plunged to 17 cents based on layoff news and the murky outlook
We can now be 99.9% certain that Pallinghurst will never pay 25 cents for share.
They are not that stupid.
The outlook?
Possible bankruptcy in 2020 but more likely an outsider will buy the assets for crumbs;
5 or 10 cents a share
Also the royalty holder may have to chip in some funds
The outlook is worse than bleak
mat