Nemaska Lithium Inc NMKEF

RE:RE:RE:RE:RE:RE:Just fruit for thought...

[mick1888]

In both cases (Nemaska / Brexit) it looks like it will be politicians that screw the masses.... ;-{

Calgary_AB wrote: Mick nice to see you waking up, slowly... :)
See mick, you went to sleep in Europe and woke up outside Europe...

mick1888 wrote: Well to be honest dalesio, it's my first and probably last time investing in Quebec. Not for the fact that the business fell short (to the tune of $375m) after only 8 months of construction, nor for the fact the project was tied into some onerous funding conditions (we had to get started somehow). No, not because of the business acumen or honesty of the management.

But when your politicians give 100% backing for a business, encouraging investment and telling all and sundry 'we will not let this project fail' only a short few months ago, then do a complete u turn, the confidence in your establishment goes out the window. No one is asking the people of Quebec to bail out this company as a Minister of State would have you believe with his 'fake news' rhetoric, only that it is given every chance to refund without interference and meddling by some people that seem to have ulterior motives?

I ask you this, after comments made today, how many potential large investors will bid in the CCAA process, and for that matter be interested in investing in Quebec as a trustworthy jurisdiction? Sabotage comes to mind.... ;-[

GLTA longs (think we'll need it now).... ;-)

dalesio_98 wrote:

mick1888 wrote: CalAB - its not over until the fat lady sings (as they say).... ;-)

I think you hope that is what happens, for whatever perverse reason (people lose money, but at least you can say 'I Told You So').... :-{

I suppose the one saving grace is that the project will go to the highest bidder, and / or the bid that shareholders agree too, not who Fitzgibbon decides on. It sounds very much a stitch up by certain people, and that is the reason I personally was not happy that GB got the elbow.... ;-{

Incidentally, can anyone tell me why Victor Cantore has legal representation in the CCAA process? Service List Link below;

https://www.pwc.com/ca/en/services/insolvency-assignments/nemaska-lithium-inc/service-list.html

Calgary_AB wrote: below post Jan 19, 2019
read at the bottom:
I TOLD YOU SO

Calgary_AB wrote: If I was Softbank...
I would invest in NMX, agree to the contract of having no vote until either Sep. 2020 or first production...
Keep the SP depressed all the way to 2020, frustrate everybody, keep the price at $0.30 or less...
so let's calculate how it would work out:
I paid 100 million into a pool of 1 billion.
Keep the SP at 0.30 and when my voting rights become active I blame the losses on bad management and put an offer to buy the company and take it private at a premium let's say at 0.40

so NMX has 1 billion shares outstanding that will cost me 400 million and I get a billion dollar company already build and producing...sweet

Important to note: TAKE IT PRIVATE which means the longs will have to take the 0.40 deal and they are no longer shareholders...

I don't want to tell you in 2 years "I told you so" but I am afraid I will...

Perhaps Victor Cantore is trying to protect his smelter royalty rights.