GREY:NMKEF - Post by User
Comment by
mick1888on Aug 10, 2020 4:56pm
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Post# 31389581
RE:My guess ...
RE:My guess ...I've always admired your optimism and enthusiasm Charlene.... ;-)
I too believe there will be a successful outcome for existing investors, but there are many paths this may follow. My preference is to stay part of the project which could possibly be achieved via a share swap with a new owner, or there are numerous other options. But the main thing for me is to still have the opportunity to grow with the new company.... ;-)
GLTA longs
Luna2020 wrote: I have been saying this for some time- my guess it is an acquisition by a VC or estabilshed Li company. NMX doesn't have a management team anymore. So, the new NMX will need one. The financing option requires hiring new management.
Existing shareholders get $0.50/share - but, it really depends on how heated the bidding gets. We should know this Friday.
This uncertainty can create a lot of doubt. Have faith in the fundamentals of the project and the future of Li. There are no conspiracies... :) Who benefits from these consipiracies? We weren't able to get funding last year because of the exclusive Pallinghurst agreement, the toxic Nordic bond and the management team with a bad history. These are no longer issues. Also, the valuations of Li miners is up significantly from last year.
The only negative has been the fees paid for restructuring. But, there has been value as it bought more time, cleared the balance sheet, and faciliated the new financing.