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 > not the moment to scorn nmx shareholders

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Comment by mick1888on Aug 17, 2020 7:01pm

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Post# 31420303

RE:RE:RE:RE:RE:RE:not the moment to scorn nmx shareholders

CalAB, do you think for one minute that Softbank (over 9%) and Blackrock (near 5%) would tolerate being dumped by new owners (never mind IQ WITH 13%)? They would tie the project up with legal proceedings for the next 100yrs and they would never produce a gram of product. And the new kids on the block will know that.

Softbank, Blackrock, IQ win, we win.... ;-)

GLTA longs

Calgary_AB wrote: Good news would have been out already....delays mean bad news, they wait untill last second when they have to issue the news (if they issue any at all)...
Many companies never issued any and just changed hands...try to get a hold of the old company and no phones listed no emails and when you call the new company they say the old one doesn't exist...that's how it usually happens

TFSAfunds wrote: Charlene... if there is an auction going on, bidders can't opt out and in as the rounds progress! If you stop bidding... you're OUT. And how can "new bidders" enter the race? July 10th ended that part of the process. If they weren't part of the "select 8", they are not in...

The delay is probably due to the monitor trying to formulate how to break the bad news to you... that existing shareholders end up with diddly-squat!

Luna2020 wrote: Longer the delay could be a good thing as long as it doesn't exceed a couple of weeks. It could be mean more bidding during an auction. It could also be new bidders that enter the race. I doubt it would be a confidential agreement (e.g. Telsa's battery day) that is restricting an announcement... they could just announce that it has been sold to a party (to be annouced later) and the share price/conversion will be announced Sept _, 2020.

If it takes longer, it doesn't mean it is a bad outcome. A bad outome is if they ask for an extension beyond Sept 4 to solicit more bids. They certainly have money in the bank to keep this process going. But, it imeans we all have to keep waiting for an outcome and more cash burnt on professional fees. This final strech is very nerve-racking! I have about 650k shares riding on the outcome of this. Good luck all.