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 > Another extension to Sept 4th?

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Comment by mick1888on Jul 09, 2020 2:24pm

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Post# 31246809

RE:RE:RE:RE:Another extension to Sept 4th?

CalAB, quite simple really. They are only safeguarding the project from the 'circling sharks' as you gleefully remind us of. Wouldn't it be the ultimate farce if they agreed a deal but ran out of time to close it.... ;-)

Incidentally you said the other day that it was your opinion that Nemaska asked for the extension, the following eigth monitors report dispels that theory (point 29).... ;-)

https://www.pwc.com/ca/en/car/nemaskalithium/assets/nemaskalithium-062_070920.pdf

GLTA longs

Calgary_AB wrote:
Mick,
How positive can that be spun?
Why would they need extended protection?
I thought the offers were way more than covering the secured creditors therefore no need to worry...there is even 0.50 per share for the loser longs, right?

Think about it...

got silver?

mick1888 wrote: Yip...it's an extention of the protection from creditors (in the event things are not signed in August).

phantom666 wrote: Target Closing date was August 14/20, so maybe that was what was extended to September 04/20