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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.


GREY:NMKEF - Post by User

Post by Ciseauxon Jul 04, 2020 11:19pm
177 Views
Post# 31225298

Tesla's bubble could help increase NMX bid

Tesla's bubble could help increase NMX bidTesla' stock is clearly in a bubble now at 1200$/share. Even Mush admitted that the price is too high at 700$. And he would not say that for 10 or 20%. One year ago, at 250$ it was shorted by investors.

It provides tesla with an opportunity to buy assets at a cheap price if they can pay with the stock. If the stock is 5 times too expensive, it's like if they get 80% discount.

Tesla' stock price has good chances of still being high in August at the date of the settlement. They could give NMX shareholders the equivalent of 50 cents / share in TSLA stock, and for them that could represent only 10 cents per share, and WIN the bid!
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