RE:RE:CRE worth 8$ when it really gets in motion
Nemaska's $375 million you refer to over budget already had $100 million provision built in. Hence $275 million over budget, nice way to inflate numbers entering CCAA. Nemaska had some $50 million in the kitty and pulled the plug. CcAA stay of proceedings expires July 21, 2022 and will be extended. -- "I think we will remain sober... that $8/share is just a wishful dream. I was invested in NMX and lost everything. Just a reminder to all: - NMX raised close to $1.1B to build both the mine and converter plant. It ran over budget and they needed another $375M. They ended up with close to 900M shares before showing us the finger, because of this $ 375M. - around $400M was by share offering at $1/share... yup go check if you don't belive - they issued 'can't recall how many times' shares before that - in the range between $10M-$50M - Before the final financing deal if I recall NMX had around $400M shares and they peaked at around $2.5/share for both mine and converter."