RE:RE:RE:What are the chances of getting some of my money backMick,
the truth is:
- the lithium is in the ground and if NMX takes it out or some newco it's still the same benefit for your climate change BS cause.
- the workers will be the same local workers.
- the tax goes into the same pockets.
- everything is the same as you said with exception of very insignificant number of not so bright investors that were long in NMX...
you ask "Insignificant"? yes insignificant...
Quebec has a population of 8,164,361 and 25,000 means 0.003% of population...I would call that very insignificant...
So all those things you said are BS to start with but even then they stay the same with exception of current investors that were stupid enough to stay in for just a little too long...
Got silver?
mick1888 wrote: The way the Old World worked, you would have a point. But investors now want more, it is not good enough just to make money at any cost (to the environment, the detriment of local communities & national borders, Climate Change etc). Pallinghurst Mission Statement;
Our experience in the natural resources sector allows us to identify and deliver unique investment opportunities, unlocking value for all our stakeholders. Focused on sustainable development, we work closely with the local communities and governments in which we operate. If we knew who the other Bidders were we could most likely find similar Corporate Statements confirming the ethics they adhere too and in which they attract their investors. So I think it unlikely the very serious industry players would consider offering nothing to existing stakeholders. The asset strippers (buyers) will not doubt ditch us, the industry investers wont.
So then it is down to review panel who they propose, will it be investors or asset strippers? IMO it is inconceivable that the board could side with a sale of assets as this would go against IQ and Government objectives, local public opinion (the workers lets not forget) and 25,000 existing investors (with a rising public profile).
Conclusion - 90% existing stakeholders walk away with something.... ;-)
GLTA longs
Ciseaux wrote: And I would say 5% chance of getting 15-20 cents per share. 80 to 90% of getting $0.