Post by
materialsgirl on Nov 16, 2019 4:42pm
Pallinghurst has never made any specific firm offer
Essentially they negotiated a 3 month window to do due diligence and this was extended to 5 or 6 months.
A option price was mentioned as being 25 cents for 2.4 million shares.
There would be no point in doing due diligence if the purchase was a forgone
conclusion. What would be the point?
Pallinghurst now has 26 options
They can offer
25 cents or
24 cents or
23 cents or
2 cents or
1 cent or
zero cents
Now it is true that NMX has no obligation to accept anything except 25 cents
for 2.4 million shares.
Pallinghurst cannot push NMX or force them or the government to accept any new
bid.
But, the numbers are shouting that there is no new kid on the block to bid.
Anything can happen. We do not know the warts of the ore body nor do
we know production costs.
But if anyone expects that Pallinghurst or anyone else will pay $1.2B
for 4.8 billion shares you need a trip to the medicine cabinet. There is a
pill for that.
Sadly, the chance of that happening is less than 1%
mat
Comment by
Bismuth08 on Nov 16, 2019 8:07pm
So...in your magic Ball, what do you see?
Comment by
RickHunter on Nov 16, 2019 9:22pm
Bourassa claim 3 weeks ago that Nemaska is not for sales. Is he going to hold is lawyer promise ? I dont know.
Comment by
joeman on Nov 17, 2019 12:53am
Guy Bourassa dit n'importe quoi! Epouvantable
Comment by
phantom666 on Nov 17, 2019 1:36am
I curious why Pallinghurst has this on their website - Existing Portfolio - Below are some of the market leading companies in which The Pallinghurst Group is currently invested. With Nemaska Lithium there.
Comment by
phantom666 on Nov 17, 2019 1:42am
plus two videos about Nemaska Lithium