Nemaska Lithium Inc NMKEF

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:PWC assignment page

[Calgary_AB]

Mick, one more thing that you don't know about how Canada works...
The mine is on First Nations land.
How much did NMX pay and or own the First Nations?
Where is a readable Contract with the First Nations? What promisses did GB make?
Will any new investor agree to those promisses?
Do you think anyone would just buy NMX without checking those deals?

There are way too many questions and not nough answers....

My advice to you and anyone reading including all the brainwashed LONGS...go have a wanderfull New Years Eve and in the new year look for a good gold miner to invest...forget about NMX...IT IS DONE and I TOLD YOU SO MANY MANY TIMES, you chose not to listen and now you live by your decisions.
Happy New Year
Got GOLD?

Calgary_AB wrote: Mick,
What changed? nothing for me...I voiced my opinions back then what I thought about the very stupid deals...the media and all the locals were praising it...I was always the opinion it was stupid to promise all your future production...
I don't have the time today but here is a quick one...Johnson Matthey Battery Materials Ltd
You think they gave NMX 6 million just because GB is handsome?
Why is GB always hiding the actual contract details? how much product did he promise and for how much?
https://www.nemaskalithium.com/en/investors/press-releases/2016/4cd13abf-18cb-43e7-8348-e69bfdd47743/

As in your comment about making statements and some people believe what I am saying...
1. The F.ing stock is halted, FACT
2. It will NEVER come back, will become FACT
3. People should have read my posts for last 3 years, now is too late, FACT
4. GOT GOLD?

mick1888 wrote: Sorry again CalAB, but you should really check before making statements in print. Some people actually believe what you are saying.... ;-)

Again I'll state that the only up front payment NMX received for an off take as far as I'm aware was FMC / Livent which has now been cancelled (under litigation). The remaining off takes are LOI's without payment. As for as available production that does not come under an off take or Stream agreement, the last I checked it was 35% and this will increase after today when the second tranche of the Orion Stream is cancelled (an additional 7% of sales).

I would also say on the off takes, it wasn't all that long ago that the media, mining and investment industry was singing the praise of these deals. What has changed?

GOT LITHIUM.... ;-)

Calgary_AB wrote: not going to go look for the nr's but I am pretty sure they got paid...and I am also pretty sure it's a big part of the production promissed already....that to me is not giving to NMX any open inventory to sell...
and if they sold it for no profit or very little proffit then there is not much left for NMX to be interesting for anyone...
don't know for sure but you can go check...

Happy New Year!

mick1888 wrote: Sorry CalAB, cannot buy it that an off take can be classified as a Stream. Doubt very much actual monies changed hands in the off take agreements, they are more like LOI's for future contracts. Don't you think NMX would have been highlighting how good they were if they got money up front for each off take agreement? Just as they did with the FMC one which is cancelled and now at litigation (anyone have an update on this?).

I personally think it is only the Bond situation that is a blocker to any deal, and in my opinion this could easily have been avoided with an out of court settlement (poss still happen). Surely based on the current situation, and with so much at stake, all parties could have got together to come up with an amicable agreement with the Bond Holders? Still time though as this is not due to come up to trial until late Feb.... ;-)

GLTA longs

Calgary_AB wrote: Mick, all off takes can be viewd as and not classified as Streams
NMX collected money, spent the money and now they have to deliver to pay back...contracts never specified the price they promissed to deliver at....is there profit left?
Based on what I know so far, GB was not smart enough to make sure there is profit, he only cared about getting the money in at the time when he needed the funds...Pay later/or nevermind

mick1888 wrote: CalAB, could you please confirm which Streams (BAD) you have an issue with? As far as I can make out, at the moment there is only one BAD Stream which is the Orion first tranche $75m, the second tranche $75 will not come into affect tomorrow. This entitles Orion to roughly 7% of future sales. NOT THAT BAD?

Please confirm others?

Thanks.... ;-)

Calgary_AB wrote: Lets assume:
1. Nordic bond will be resolved at no extra cost.
2. Management changed to capable one.

3. the past damage made by bad management decisions will be a burden...
streams, penalties and cash burned already by bad management this can not be undone.

To refinance the already burned cash is the hardest. To undo bad streams and deals also very hard to refinance.

and all that assuming the first 2 are easilly done...third one makes it impossible.

Charlene wrote: It is the Nordic's bond trustee's secured first claim of $100M US that is impeding efforts to raise capital.  If that is thrown away, then it makes it a lot easier to invest.... this is true for Pallinghurst and/or other investors.  If it isn't, then the situation gets more grim.  My investment and other retail investments go down the toilet. 

The DD done by Palinghurst did not point to any technical weaknesses.  The two bad financial decisions 1) Nordic bond 2) poor project management.   If and when 1) is resolved, any smart investor will ask for serious management changes as part of any new investment.  

At that point, NMX becomes a great stock again.  It would also help if the Li market condidtions improve in the next 3 months or so. There is a path to great returns.  There is also path to bankrupcy.   Good luck all.