GREY:NMKEF - Post by User
Comment by
mick1888on Aug 11, 2020 1:36am
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Post# 31391068
RE:RE:RE:RE:RE:My guess ...
RE:RE:RE:RE:RE:My guess ...CalAB you are possibly correct about existing investors being dumped, but my hopes are pinned on the fact that there were so many interested courtiers. And that some, to get a bid advantage, include the existing retail investors. I would also expect that SoftBank and IQ being ordinary shareholders will have an impact on the thinking of potential investors. For me, there have been costly lessons learned, but life goes on... ;-) Well done on your Gold and silver, Got Lithium.... ;-) GLTA longs
Calgary_AB wrote: mick, I really do feel for you...but you should have listened when I warned all of you....
I wish you guys get something, but my business sense sais you get nothing...big investors are not stupid to bail out old shareholders when they can clearly have it for next to nothing.
I hope you got some gold
mick1888 wrote: Ciseaux, like you, I have a large number of shares, and it was always my intention to be invested in this project for a long time. My expectations have changed, the timescale remains the same, but the reward has changed dramatically. Only time will tell what the long term reward will be, any announcement this week will only be the start of the beginning..... ;-)
GLTA longs
Ciseaux wrote: Mick, between a lump sum and shares of a new company, I would take the one that gives me the most money per share today. If that's the lump sum (buyout), then that's ok with me. mick1888 wrote: 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.