Nemaska Lithium Inc NMKEF

RE:RE:RE:RE:RE:RE:RE:Financials are out !

[Takeactionnow]

While none of us have crystal balls, I can tell you that you are far more accurate in your musings than you know!  The parties thus far have been extremely cautious to respect their confidentiality obligations (nice to see, since it so often isn't the case).  Pallinghurst is already fully committed with Nouveau Monde Graphite here in Quebec.  Their management is ethical and really believes in green energy.

mick1888 wrote: Man of my own Heart.... ;-)

Although it is difficult for the bidders as they have two sets of shareholders to satisfy (their own, and potentially new - existing NMX).

But, when I listened to the first conference call with Pallinghurst, I was suitably impressed with their promise of commitment. It would be particularly galling if they were to back track on their ethics, and to be honest, for many of the reasons you give below, I do not think they will. It is possible, and in fact likely that they will reduce their offer, but on the pretex overall it will cost them more to take the project to production. And there I think is the reason for 'that Ministers' intervention - to get existing on board at a reduced offer. For me it is significant that neither Pallinghurst or Traxys have talked of other Lithium interests, so they need to secure this deal. Keeping ALL stakeholders with them would go a long way to convince the reviewers, creditors and court they are the right choice (and obviously I assume they already have Gov on board)... ;-)

GLTA longs

Takeactionnow wrote: Fabulous question, Mick!  The role of business executives has traditionally been to maximize shareholder value by whatever means necessary.  So, in the 1800s strikes were broken by violent means in which, in a number of cases, strikers were killed.  As time progressed, and as corporations statutes have reflected more recently, management can consider other things including public welfare, and not just the bottom line.  Corporations can, and do, engage in public and charitable activity, which, while it certainly benefits causes other than their shareholders, also enhances corporate standing and market acceptance of their mission and products.  In 2020 it is pure folly for any business executive to ignore public opinion.  This has been seen in the mining space where local populations have blocked mine development.  The very government approvals process is built around environmental and local community acceptance of a project.  That being said, as a bidder I would be very concerned with obtaining acceptance of the project from all stakeholders, and particularly the Nemiscau Cree and Quebec government.  The starting point in reviewing the feasibility of the project would be a presumption that ALL current stakeholders remain in the picture.  Yes, that is quite the opposite of the traditional approach where every penny is squeezed out, regardless of the consequences.  I am a firm believer that a win-win scenario ultimately maximizes value.  How is that, you ask?  Quite simple, really (quite apart from considerations of good karma).  Think of a likely scenario where a successful bidder seeks additional support for a project expansion down the road.  What are scorned local resident shareholders likely to do?  Would government be supportive?  Winning bidders need to put together a plan that satisfies the objectives of the various parties, and they need to commit to working together as a reliable partner.  Good business partners are good partners from day one, and, as a bidder, that would be my approach.  I believe that the green energy economy is going to grow so much more than people can even imagine today, and with it early leaders in the space will be able to take advantage of (and benefit from) opportunities such as the Nemaska project, which is worth more, in my opinion, than many believe.  I would actively work with government and other stakeholders to create a center of excellence in Quebec, in terms of raw materials extraction and processing, production of end products, and research and development expertise.  In fact, give me the chance and I will be happy to lead the charge!

mick1888 wrote: Excellent summary TaN, I bet you wish you were on the review board.... ;-D

On the other hand, if you were on a bid team, what would your train of thought be? Would you be extremely keen to secure this opportunity, and what lengths would you go to achieve your aim.... ;-)

GLTA longs 

Takeactionnow wrote:

Here is a summary of some key takeaways from the financials: Nemaska Lithium – What are the March 2020 financials telling us?

Takeactionnow wrote: A more thorough analysis is required, but a quick review reveals that the situation is not as bad as some parties have postulated.  There is still some hope.

Tiger737373 wrote: SEDAR.com