Post by
Charlene on Jan 14, 2020 11:34am
Lapresse Article
I am surprised how people are reacting to this. Fitzgibbon represents the government interest, which is to get the mine running - which would create jobs, taxes, etc. Let's not overreact to his opinions. His comments are mostly consistent with what know before. He is confirming PG' interest as well as other interest from institutional buyers. The stock will not trade for some time (I think another 5-6 months). No one can predict the value of the stock once it trades. Sounds like he prefers it not to trade (only new info).
We still have to wait for the restructuring. There are a lot of unknowns. Most importantly, the outcome of the Feb Bond hearing. Any positives statements about shareholder value can be used by the Nordic bond trustee against NMX. So, it is best not to annouce terms of equity financing before then.
Comment by
mick1888 on Jan 14, 2020 1:22pm
Charlene you are probably right about over reaction. But I for one am angry about the way information is conveyed in the matters of Nemaska. Since when does a member of Government give guidance on the future of a public company AND not be rebuffed by the company (unless there is some truth to what they are saying). Nemaska communication has a lot to be desired....;-/
Comment by
TeddyBear on Jan 14, 2020 1:24pm
and do not forget Fitzgibbon is PwC past employee ,,,