Nemaska Lithium Inc NMKEF

Nemaska Lithium Inc is a Canada based lithium company. It is engaged in exploring and evaluating lithium properties and processing of spodumene into lithium compounds in Quebec, Canada. The company supplies lithium hydroxide and lithium carbonate to the lithium battery industry used in electric vehicles, cell phones, tablets, and other consumer products.

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Nemaska Lithium Inc > The advantage of eight bidders

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Comment by Takeactionnowon Jul 01, 2020 7:06pm

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Post# 31213629

RE:RE:The advantage of eight bidders

One or two other posters (maybe you?) said previously that the Minister may have been trying to reduce investor expectations so that, if they get anything, they are happy. That could be true, but it may also be a reflection of what he has been hearing parties to the negotiations say (directly or indirectly); that would explain why his comments have ranged back and forth so much. If course, comments made during the course of negotiations don't mean very much since they are simply tactics designed to persuade.

Ciseaux wrote: I'm not sure why, but I'm starting to hope 10 or 20 cents by share. I was in total despair after Fitzgebbon comments saying our shares are worth $0, but I got this feeling :) lol

Takeactionnow wrote: Were there one or two bidders, the assets would be sold and that would be that. Eight qualified bidders is really quite extraordinary, given the value of the project and number of parties who have both the interest and the capacity to make a go of things. If they are all serious about making the project work, we may not have simply an asset sale.