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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.


GREY:NMKEF - Post by User

Post by Alcideon Dec 05, 2020 11:50am
331 Views
Post# 32043902

Damages caused to 24 000 family shareholders of NMX

Damages caused to 24 000 family shareholders of NMXDamages caused to Nemaska Lithium shareholders.
1) From a share price point of view:
The average price paid by individual shareholders for their 508 M Nemaska Lithium shares
 was $ 0.80/share.
 So these shareholders collectively lost an investment of   (508 * $ 0.80) = $ 406 M.
On this basis, our Class Action could claim $ 406 million in damages.

2) From the point of view of the Net Project Value of the Nemaska Lithium:
Net Project Value of the Nemaska Lithium project (NPV) has been professionally assessed by National Bank Financial and Clarksons Platou (Referenc:Teaser document, February 2020)
 at $ 3,100 M.
This NPV of $ 3,100 M represents ($ 3,100 M / 847 M shares) = a value of $ 3.66 / nmx share. However, the project required an additional $ 1.1B. So our class action could claim:
($ 3.1B- $ 1.1B) = $ 2,000 M or $ 2,000 M / 847 M shares = $ 2.36 /share in damages or
508M * $ 2.36 = $ 1,200 M

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