GREY:NMKEF - Post by User
Comment by
furiousmaton Nov 27, 2019 4:06pm
101 Views
Post# 30399577
RE:RE:RE:RE:RE:We will have to wait until end december
RE:RE:RE:RE:RE:We will have to wait until end december
and why would it not go lower? It can always go lower and then reverse split and keep going lower. The only absolute bottom is 0
I've been following this board for a long time now and I am amazed at the nonsense I keep seeing peddled around here. I started as a NMX enthusiast but at this point I think it's quite obvious that the eggs are cooked.
All ya'll here with your "analysis" are counting on a miracle to pull yourself out of this. In the unlikely event that it happens, there will be a high-5 party and no lessons learned, which would be the tragic part in all of this.
You should sit a second and think really hard about what exactly is your winning scenario here, and think what it's based on. All I keep seeing i are people who hope that - somehow - the company gets saved by the government, under terms that would be favorable to shareholders. Based on the idea that Quebec needs lithium, that the world needs lithium batteries. Theories based on ridiculous speculation with countless holes in them. That Quebec wants a strong lithium industry is a non-sequitur. That doesn't mean it has to be Nesmaska Lithium. If it is, it doesn't have to be good for Nesmaska shareholders in any way.
It's like everyone here forgets to do basic maths. Yeah sure, the product this company wants to sell might have high demand on the market due to global macro trends. Why does that imply a high share value? Where is the money coming from? What is the business model, what money is left for shareholders after the heavy debt is dealt with? And that's if everything goes well from now on, which let's be honest, there is no reason to assume.
I'd really like to see somber analysis of this situation once in a while. All I keep seeing is wishful thinking.