I was Right once again...I said in DEC that GB is in Bahamas....
The sonofabeach left the company without saying Goodbye or Marry Christmas to the people that made him rich.
"a good management will turn a bad company around, a bad management will distroy a good company"
phantom666 wrote:
Without going so far as to say that there was a conflict with the 61-year-old lawyer by training, it was better to make a change to have more flexibility, explained the chairman of the board, Jacques Mallette. "We must receive all possible proposals," he explained during a telephone interview with The Canadian Press. We are not in a mode where we are trying to promote a specific project. Mr. Bourassa was devoted to the cause which represented a specific mode. " Mr. Bourassa had been president and chief executive officer of the company since its foundation in 2008. When his departure was announced on Thursday, he had already left the company. He will be replaced by the management team in place and Mr. Mallette, a former Quebecor World manager who helped restructure this former printer and who was appointed chairman of the board at Nemaska on January 20. Nemaska Lithium is looking for 1.1 billion dollars in order to be able to transform, in an electrochemical plant in Shawinigan, spodumene ore extracted from the Whabouchi mine into value-added lithium salts. These would then be sold to manufacturers of cathode materials for rechargeable lithium-ion batteries. The bill for the project, initially estimated at 875 million, jumped to 1.4 billion due to cost overruns, revealed last year while Mr. Bourassa was in charge. Bourassa had negotiated a potential investment of 600 million with the London firm Groupe Pallinghurst, but the latter had decided, at the end of December, not to extend the exclusive window of discussions. "The board always favors refinancing that would protect shareholders, but in the process, we have no choice but to study all of the options," said Mallette, opening the door to various scenarios. It could be an asset purchase. There could be more than one company involved. " Investissement Qubec injected 130 million in the adventure, including 80 million in share capital, which allowed the financial arm of the State to be the largest shareholder of the company, with a participation of about 13%. The process will begin on February 28 and offers will be open until April 17. If everything goes as planned, the closing of a possible transaction could occur in mid-August. There will be no appointment by then, said the chairman of the board of Nemaska Lithium. Mr. Bourassa will be entitled to severance pay, but Mr. Mallette explained that the terms of the agreement were confidential. According to a document filed with regulatory authorities in December, Mr. Bourassa was eligible for up to one year of salary if he left the company "without cause". In 2019, his base salary was $ 460,630. Nemaska Lithium's listing was delisted from the Toronto Stock Exchange on February 6. In its management report dated February 14, the company indicated that it posted a net loss of 329 million for the six-month period ended December 31, mainly due to the recognition of an impairment charge of 267.6 million in respect of its assets. Businesses Continuously Franois Legault meets with Airbus executives Franois Legault meets with Airbus executives (Mirabel) Prime Minister Franois Legault and Minister of the Economy, Pierre Fitzgibbon, were in Mirabel on Thursday to meet with Airbus leaders at the A220 assembly plant. Posted at 4:04 p.m. RioCan profit increases RioCan profit increases (Toronto) Real estate investment company RioCan posted earnings of $ 150.8 million for its most recent quarter, up from 149.2 million for the same period a year earlier. Posted at 1:19 p.m. Hydro-Qubec's profits fall to 2.9 billion in 2019 Hydro-Qubec's profits fall to 2.9 billion in 2019 (Montreal) Thanks to an unprecedented level of electricity sales in Quebec and sustained exports, Hydro-Qubec posts a net profit of more than 2.9 billion for the 2019 financial year - which is however decreasing by compared to the previous year. Posted at 10:37 am |Updated at 13:03 pm Caisse de depot: big challenges for the real estate owner Francis Vailles Chronique Caisse de depot: big challenges for the real estate owner I cover the results of the Caisse de depot for the past twenty years and for the first time, a woman was among the 4 or 5 senior leaders to present it. The fact deserves to be emphasized. Posted at 12:08 p.m. Loblaw increases profits to 254 million Loblaw increases profits to 254 million (Brampton) Loblaw Companies Thursday posted fourth-quarter profit up from the same period last year, but parent company of grocers Provigo and Pharmaprix pharmacies still turned out to be below expectations analysts. Posted at 11:37 a.m. Caisse de depot: a third of its shopping centers in Canada will be sold Caisse de depot: a third of its shopping centers in Canada will be sold Faced with the difficulties of its shopping centers and its real estate portfolio, the Caisse de depot et placement du Quebec has chosen to sell a third of its 25 shopping centers in Canada over the next few years. Posted at 11:22 a.m. Caisse de depot: 3.3 billion more in investments in Quebec Caisse de depot: 3.3 billion more in investments in Quebec The Caisse de depot et placement du Quebec invested an additional 3.3 billion in Quebec's economy and businesses in 2019. Posted at 11:11 a.m. Caisse de depot: 10.4% return in 2019 Caisse de depot: 10.4% return in 2019 Michael Sabia leaves a legacy for his last year at the head of the Caisse de depot et placement. Posted at 11:07 a.m. Victorias Secret sold, CEO Lex Wexner steps down Victoria's Secret sold, CEO Lex Wexner steps down (New York) A page is turned for the lingerie brand Victoria's Secret, known for its ultra-sexy fashion show that has since disappeared: its parent company L Brands sold its control to the Sycamore Partners fund at a price valuing it at $ 1.1 billion. Posted at 9:05 am |Updated at 10:27 a.m. A moldy Whopper, the image of the new Burger King advertising campaign 0:47 A moldy Whopper, the image of the new Burger King advertising campaign Burger King is daring in its brand new advertising campaign, illustrating it with ... a moldy Whopper. Posted at 9:11 a.m. Morgan Stanley buys broker E * Trade for US $ 13 billion Morgan Stanley buys broker E * Trade for US $ 13 billion (New York) The American investment bank Morgan Stanley announced Thursday to buy the online brokerage E * Trade, a transaction valued at 13 billion dollars. Posted at 8:19 am |Updated at 8:25 am The outcome is approaching for Orbite, specialized in the aluminum sector The outcome is approaching for Orbite, specialized in the aluminum sector Three years after placing itself under the protection of the law to avoid bankruptcy, Technologies Orbite, which has already been a star in Quebec, has come to the end of the road. If the Australian company interested in its technology does not commit in a few days to present a restructuring plan, it will be the bankruptcy and the dismantling of the factory of Cap-Chat, in Gaspsie. Posted at 8:00 am Windfall Lake World Class Gold Sector Site Windfall Lake World Class Gold Sector Site (LAC WINDFALL, Eeyou Istchee) A new estimate of mineral resources published Wednesday by Minire Osisko now elevates the Windfall site to the rank of a world-class gold deposit. Posted at 7:00 a.m. A derailed crisis Jean-Philippe Dcarie Chronique A crisis in the process of derailment With the rumors and then the confirmation of the sale of Bombardier Transportation to Alstom as well as the rail blockade which is prolonged unduly and paralyzes the transportation of people and goods in Canada, never in the past two weeks has there been so much talked about trains in the years leading up to the creation of Canadian Confederation. Posted at 6.30 a.m. lonore loses 1.7 million ounces of gold lonore loses 1.7 million ounces of gold Newmont, the new owner of the lonore mine, has written off 1.7 million ounces of gold from the reserves and resources of the second largest gold mine in Quebec. Posted at 6:00 a.m. Standard & Poors Enhances Financial Opinion to Bombardier Standard & Poors Enhances Financial Opinion to Bombardier The financial rating firm Standard & Poors (S & P) upgrades its outlook opinion on the credit rating granted to Bombardier from negative to stable, following the significant asset disposals and potential debt reductions that 'she announced for a month. Posted yesterday at 6:13 p.m. Our applications The Press + La Presse mobile app Contact Contact U.S about us Frequently Asked Questions Build a career with us Advertise in our media Services Obituary contest La Presse editions Archives Research Paid Archives Purchase a history page Follow us Legal Terms of use privacy policy Election advertising register Code of conduct La Presse (2018) Inc. All rights reserved. You are seeing this message because ad or script blocking software is interfering with this page. Disable any ad or script blocking software, then reload this page. Without going so far as to say that there was a conflict with the 61-year-old lawyer by training, it was better to make a change to have more flexibility, explained the chairman of the board, Jacques Mallette. "We must receive all possible proposals," he explained during a telephone interview with The Canadian Press. We are not in a mode where we are trying to promote a specific project. Mr. Bourassa was devoted to the cause which represented a specific mode. " Mr. Bourassa had been president and chief executive officer of the company since its foundation in 2008. When his departure was announced on Thursday, he had already left the company. He will be replaced by the management team in place and Mr. Mallette, a former Quebecor World manager who helped restructure this former printer and who was appointed chairman of the board at Nemaska on January 20. Nemaska Lithium is looking for 1.1 billion dollars in order to be able to transform, in an electrochemical plant in Shawinigan, spodumene ore extracted from the Whabouchi mine into value-added lithium salts. These would then be sold to manufacturers of cathode materials for rechargeable lithium-ion batteries. The bill for the project, initially estimated at 875 million, jumped to 1.4 billion due to cost overruns, revealed last year while Mr. Bourassa was in charge. Bourassa had negotiated a potential investment of 600 million with the London firm Groupe Pallinghurst, but the latter had decided, at the end of December, not to extend the exclusive window of discussions. "The board always favors refinancing that would protect shareholders, but in the process, we have no choice but to study all of the options," said Mallette, opening the door to various scenarios. It could be an asset purchase. There could be more than one company involved. " Investissement Qubec injected 130 million in the adventure, including 80 million in share capital, which allowed the financial arm of the State to be the largest shareholder of the company, with a participation of about 13%. The process will begin on February 28 and offers will be open until April 17. If everything goes as planned, the closing of a possible transaction could occur in mid-August. There will be no appointment by then, said the chairman of the board of Nemaska Lithium. Mr. Bourassa will be entitled to severance pay, but Mr. Mallette explained that the terms of the agreement were confidential. According to a document filed with regulatory authorities in December, Mr. Bourassa was eligible for up to one year of salary if he left the company "without cause". In 2019, his base salary was $ 460,630. Nemaska Lithium's listing was delisted from the Toronto Stock Exchange on February 6. In its management report dated February 14, the company indicated that it posted a net loss of 329 million for the six-month period ended December 31, mainly due to the recognition of an impairment charge of 267.6 million in respect of its assets. Businesses Continuously Franois Legault meets with Airbus executives Franois Legault meets with Airbus executives (Mirabel) Prime Minister Franois Legault and Minister of the Economy, Pierre Fitzgibbon, were in Mirabel on Thursday to meet with Airbus leaders at the A220 assembly plant. Posted at 4:04 p.m. RioCan profit increases RioCan profit increases (Toronto) Real estate investment company RioCan posted earnings of $ 150.8 million for its most recent quarter, up from 149.2 million for the same period a year earlier. Posted at 1:19 p.m. Hydro-Qubec's profits fall to 2.9 billion in 2019 Hydro-Qubec's profits fall to 2.9 billion in 2019 (Montreal) Thanks to an unprecedented level of electricity sales in Quebec and sustained exports, Hydro-Qubec posts a net profit of more than 2.9 billion for the 2019 financial year - which is however decreasing by compared to the previous year. Posted at 10:37 am |Updated at 13:03 pm Caisse de depot: big challenges for the real estate owner Francis Vailles Chronique Caisse de depot: big challenges for the real estate owner I cover the results of the Caisse de depot for the past twenty years and for the first time, a woman was among the 4 or 5 senior leaders to present it. The fact deserves to be emphasized. Posted at 12:08 p.m. Loblaw increases profits to 254 million Loblaw increases profits to 254 million (Brampton) Loblaw Companies Thursday posted fourth-quarter profit up from the same period last year, but parent company of grocers Provigo and Pharmaprix pharmacies still turned out to be below expectations analysts. Posted at 11:37 a.m. Caisse de depot: a third of its shopping centers in Canada will be sold Caisse de depot: a third of its shopping centers in Canada will be sold Faced with the difficulties of its shopping centers and its real estate portfolio, the Caisse de depot et placement du Quebec has chosen to sell a third of its 25 shopping centers in Canada over the next few years. Posted at 11:22 a.m. Caisse de depot: 3.3 billion more in investments in Quebec Caisse de depot: 3.3 billion more in investments in Quebec The Caisse de depot et placement du Quebec invested an additional 3.3 billion in Quebec's economy and businesses in 2019. Posted at 11:11 a.m. Caisse de depot: 10.4% return in 2019 Caisse de depot: 10.4% return in 2019 Michael Sabia leaves a legacy for his last year at the head of the Caisse de depot et placement. Posted at 11:07 a.m. Victorias Secret sold, CEO Lex Wexner steps down Victoria's Secret sold, CEO Lex Wexner steps down (New York) A page is turned for the lingerie brand Victoria's Secret, known for its ultra-sexy fashion show that has since disappeared: its parent company L Brands sold its control to the Sycamore Partners fund at a price valuing it at $ 1.1 billion. Posted at 9:05 am |Updated at 10:27 a.m. A moldy Whopper, the image of the new Burger King advertising campaign 0:47 A moldy Whopper, the image of the new Burger King advertising campaign Burger King is daring in its brand new advertising campaign, illustrating it with ... a moldy Whopper. Posted at 9:11 a.m. Morgan Stanley buys broker E * Trade for US $ 13 billion Morgan Stanley buys broker E * Trade for US $ 13 billion (New York) The American investment bank Morgan Stanley announced Thursday to buy the online brokerage E * Trade, a transaction valued at 13 billion dollars. Posted at 8:19 am |Updated at 8:25 am The outcome is approaching for Orbite, specialized in the aluminum sector The outcome is approaching for Orbite, specialized in the aluminum sector Three years after placing itself under the protection of the law to avoid bankruptcy, Technologies Orbite, which has already been a star in Quebec, has come to the end of the road. If the Australian company interested in its technology does not commit in a few days to present a restructuring plan, it will be the bankruptcy and the dismantling of the factory of Cap-Chat, in Gaspsie. Posted at 8:00 am Windfall Lake World Class Gold Sector Site Windfall Lake World Class Gold Sector Site (LAC WINDFALL, Eeyou Istchee) A new estimate of mineral resources published Wednesday by Minire Osisko now elevates the Windfall site to the rank of a world-class gold deposit. Posted at 7:00 a.m. A derailed crisis Jean-Philippe Dcarie Chronique A crisis in the process of derailment With the rumors and then the confirmation of the sale of Bombardier Transportation to Alstom as well as the rail blockade which is prolonged unduly and paralyzes the transportation of people and goods in Canada, never in the past two weeks has there been so much talked about trains in the years leading up to the creation of Canadian Confederation. Posted at 6.30 a.m. lonore loses 1.7 million ounces of gold lonore loses 1.7 million ounces of gold Newmont, the new owner of the lonore mine, has written off 1.7 million ounces of gold from the reserves and resources of the second largest gold mine in Quebec. Posted at 6:00 a.m. Standard & Poors Enhances Financial Opinion to Bombardier Standard & Poors Enhances Financial Opinion to Bombardier The financial rating firm Standard & Poors (S & P) upgrades its outlook opinion on the credit rating granted to Bombardier from negative to stable, following the significant asset disposals and potential debt reductions that 'she announced for a month. Posted yesterday at 6:13 p.m. Our applications The Press + La Presse mobile app Contact Contact U.S about us Frequently Asked Questions Build a career with us Advertise in our media Services Obituary contest La Presse editions Archives Research Paid Archives Purchase a history page Follow us Legal Terms of use privacy policy Election advertising register Code of conduct La Presse (2018) Inc. All rights reserved. You are seeing this message because ad or script blocking software is interfering with this page. Disable any ad or script blocking software, then reload this page. Posted on February 20, 2020, 8:12 a.m..... Julien Arsenault ... The Canadian Press ... Without going so far as to say that there was a conflict with the 61-year-old lawyer by training, it was better to make a change to have more flexibility, explained the chairman of the board, Jacques Mallette....... "We must receive all possible proposals," he explained during a telephone interview with The Canadian Press. We are not in a mode where we are trying to promote a specific project. Mr. Bourassa was devoted to the cause which represented a specific mode. "..... Mr. Bourassa had been president and chief executive officer of the company since its foundation in 2008. When his departure was announced on Thursday, he had already left the company...... He will be replaced by the management team in place and Mr. Mallette, a former Quebecor World manager who helped restructure this former printer and who was appointed chairman of the board at Nemaska on January 20....... Nemaska Lithium is looking for 1.1 billion dollars in order to be able to transform, in an electrochemical plant in Shawinigan, spodumene ore extracted from the Whabouchi mine into value-added lithium salts. These would then be sold to manufacturers of cathode materials for rechargeable lithium-ion batteries...... The bill for the project, initially estimated at 875 million, jumped to 1.4 billion due to cost overruns, revealed last year while Mr. Bourassa was in charge....... Bourassa had negotiated a potential investment of 600 million with the London firm Groupe Pallinghurst, but the latter had decided, at the end of December, not to extend the exclusive window of discussions...... "The board always favors refinancing that would protect shareholders, but in the process, we have no choice but to study all of the options," said Mallette, opening the door to various scenarios. It could be an asset purchase. There could be more than one company involved. "........ Investissement Qubec injected 130 million in the adventure, including 80 million in share capital, which allowed the financial arm of the State to be the largest shareholder of the company, with a participation of about 13%..... The process will begin on February 28 and offers will be open until April 17. If everything goes as planned, the closing of a possible transaction could occur in mid-August. There will be no appointment by then, said the chairman of the board of Nemaska Lithium...... Mr. Bourassa will be entitled to severance pay, but Mr. Mallette explained that the terms of the agreement were confidential....... According to a document filed with regulatory authorities in December, Mr. Bourassa was eligible for up to one year of salary if he left the company "without cause". In 2019, his base salary was $ 460,630...... Nemaska Lithium's listing was delisted from the Toronto Stock Exchange on February 6...... In its management report dated February 14, the company indicated that it posted a net loss of 329 million for the six-month period ended December 31, mainly due to the recognition of an impairment charge of 267.6 million in respect of its assets.