Nemaska Lithium Inc NMKEF

RE:RE:RE:who will decide (who will be the next owners)

[Luna2020]

Mick, thanks for hanging in there with other positive shareholders.  There is the logical and emotion sides to this. Last year when they tried to raising funding, they got negative feedback about the toxic nordic bond and the lack of detail on the engineering specs.  It feels like they took the Pallinghurst offer to buy time to address those issues.  The CCAA provides more time to find a buyer or financing.   COVID has provided a negative shock.  But, the interest in Li is up from last year (thanks to government regulations and Telsa's performance).  The NPV of this project is very good i.e. $2-3 billion.  That should be the value of the equity (not what is on the balance sheet) under fair market condition.   I agree that it is not fair market condition now.   10% of that value is $0.25/share for shareholders.  20% is $0.5/share.  The question is how heated was the bidding process. With 8 bidders, I assume it would be between 20%-40% of fair market .... making the winning bid between $0.50 to $1 per share.  Whoever picks this up at those prices is getting a steal.   Time will soon tell.