GREY:NMKEF - Post by User
Comment by
Calgary_ABon Nov 13, 2019 2:32pm
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Post# 30346524
RE:RE:RE:Pallinghurst Nemaska page
RE:RE:RE:Pallinghurst Nemaska pageOk, now that we established that you could be civilized please explain in civilized way how and when do you see NMX SP going up?
I see that previous bad decisions only worsen the balance book…as an example the deal with FMC cost the company 10 mill, the bonds cost the company 40 mill and that is 50 mill lost out of future needed financing. I also see a CEO getting paid 1.4 mill or more for doing what?
I bet he had a bonus for getting the last financing done, is he going to return any money for not doing what he told us he’d do?
So back to SP and your bad decision to invest, I see huge dilution if financing goes ahead and if financing does not go ahead I see SP go to zero…care to comment on my assessment?
mick1888 wrote: CalAB I'm the absolute opposite to being worried, in fact I am very pleased that there is movement coming from Pallinghurst. Besides the new site post below by ewaltz (well spotted), there is also this new site;
https://www.pallinghurst-traxys.com/ Both to me are positives showing progress, and I wouldn't be surprised if there will soon be a notification of a special shareholder meeting.
Also take into consideration that the site that ewaltz linked, indicates that NMX has been (past tense) invested in. Not a slip (possibly like the FT report yesterday where they stated Pallinghurst had already invested $337m, but then again...lol), but an actual inclusion in their investment portfolio including graphics (see bottom of page).
All possible signs to me.... ;-)
GLTA longs
Calgary_AB wrote: wow, thanks ewaltz for the discovery...after I read it I'm probably going to buy NMX shares. Reading it now...wait....wait....ok read it...
I was almost convinced to buy but I noticed the following (pay attentinon to yellow highlited items):
"
Pallinghurst has signed a
letter of intent (“LOI”) which
could see the group invest
up to CAD600 million in the project,
subject to due diligence.
The investment would ensure the project is fully financed and facilitate the creation of a world class, low-cost lithium hydroxide producer...
"
I think many of you understand that Pallinghurst will come up with whatever money NMX needs to ensure fully financed right?
Wrong, Palinghurst clearly states UP TO $600 million. The LOI is subject to DUE DILIGENCE and that is needed to ensure that the 600 mil is enough to fully finance the project and is probably what they were told by NMX, however NMX had the Bonds at the time and that has changed since...
is 600 mill enough to fully finance? NO, not enough...
did Pallinghurst delay? yes they did...why? because the deal is not as good as they originally saw...
anyone worried yet?
I TOLD YOU SO