RE:Pallinghurst RickHunter wrote:
Nemaska is on a exclusive negocation with Pallinghurst. No other party can enter. We dont know if other companies are interested.
From July 19th NR...
“I am very proud today to share with all Nemaska Lithium stakeholders, the positive outcome of months of thorough review of alternatives and of discussions with several interested parties. Pallinghurst is a renowned financier with a unique vision and a deep knowledge of the lithium and battery material sector, making it a prime partner with whom we can embark on the next phase of our development. With Pallinghurst and Investissement Qubec’s loyal support, we are solidifying the Corporation’s longevity and therefore, increasing the inherent value of the project for our stakeholders,” said Guy Bourassa, President and CEO of Nemaska Lithium.
...
Context of the Announcement
The Board of Directors of Nemaska Lithium has accepted the LOI based on a unanimous recommendation from a special committee of independent directors that was charged with reviewing all alternatives with the assistance of financial and legal advisors, as was announced by the Corporation on February 27, 2019. After having solicited and engaged into discussions with several parties and having considered available alternatives, the Board of Directors has determined that it is now in the best interests of Nemaska Lithium and its stakeholders to finalize negotiations on an exclusive basis with Pallinghurst with a view to completing the transaction.
Based on this, we are led to believe others were interested, but the text does appear to be vague and wishy-washy. Does "discussions with several parties" actually mean suitors? Or is it just obfuscation? You decide...
And if there was interest back then, is it still there now?