RE:RE:RE:RE:RE:RE:RE:RE:IQ to invest more money and help rescue NMXI have to agree that there is a strong possibility there will be opportunities in the future, but some existing shareholders either may not be in a position to take advantage, or have been frightened off with developments over the last year. There is a short term problem at the moment, and that is the lack of news which I think can be attributed to waiting on the Bond Holders meeting of the 12th Feb. When that has taken place and they agree (as expected) to the settlement, I hope news and bulletins come thick and fast.... ;-)
I cling to the hope that Pallinghurst / Traxys are still in the game, and that their original offer is still on the table. There will be obvious amendments, as for example Traxys (and their $2B investment pot) was not in the picture at the time of the LOI, and also the Bond finances have to be replaced (but I think that was expected by all parties). We also know that IQ / Pierre Fitzgibbon get on very well with Pallinghurst, and that Pallinghurst / Traxys are desperately keen to add Lithium to their portfolio (there is absolutely NO news of them chasing other Lithium opportunities). Although not ideal at 0.25 per share as a lot of long term investors would potentially take a big hit (me included), the future potential could offset the short term loss. To be honest, since the Bond settlement offer, I have sarted to prepare for any potential 'rights issue' for current shareholders, and hope that Pallinghurst is a big part of NMX in the future.... ;-)
My opinion only, and to let you know, I am an extreme optimist.... ;-D
GLTA longs
Takeactionnow wrote: Class actions against small companies rarely do much good, and serve to distract struggling companies from fixing their problems (quite apart from the expenses involved, when cash is tight). That is where the CCAA protection comes in. Shareholders should be focussed more on how this project is going to succeed (which it will, eventually) and whether they will be participants. The short term outcome is beyond their control, but investors should consider what steps they may take after the company is listed again. The opportunities for gain, even if new capital has to be committed, may be great. What has happened is in the past, and productive investing requires that we look ahead to identify potentially profitable opportunities. Those of us following developments in the sector know that the overall outlook is great, even if the current supply/demand equation isn't ideal. The trick is to be strategic in our thinking. We also need to ditch the emotions and focus on creating positive future outcomes (that are within our control).
TeddyBear wrote: No class action during CCAQ, they do not care of legal lawsuit retails almost never win