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Bullboard - Stock Discussion Forum 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 Discussion

Nemaska Lithium Inc > Shareholders
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Post by Charlene on Jan 29, 2020 6:30pm

Shareholders

Hang in there.  The worst part is over now that the bond has been discharged.  I would expect more communication from this point forward... as they don't have to worry about say something too positive (this would have signaled to Nordic Trustee that they can delay and squeeze more).   Once the sale/financing process starts, NMX will be pumping things. Its good to hear that Orion is very supportive - they represent 90% of secured bonds.  

The expectation before was that it would take a few months.  Its better to have more players bid (not just PG)... the larger miners could be interest in a JV, OEMs could be interested to vertical integration for North America.   It also gives the market more time to improve (e.g. Li prices).   Li Miners are already up 20-30% from Dec 19.  This should translate to more offers, which means a better deal for (us) shareholders. 

We hare to sit back a watch this movie.   And try to tune out the few negative bashers on this board.  Good luck all.
Comment by TFSAfunds on Jan 29, 2020 7:18pm
The worst part is over now Is it really? I would think that raising at least $600 million just might be considered the worst part. NMX will be pumping things Pumping might work on this board, but when it comes to the Big Boys, they know a little something about due diligence. This should translate to more offers, which means a better deal for (us) shareholders.  You make this sound as ...more  
Comment by Tcheck on Jan 29, 2020 7:23pm
I support charlenes motion
Comment by TFSAfunds on Jan 29, 2020 7:32pm
Of course you do... because as a shareholder the alternatives suck! Please, don't get me wrong... I absolutely do not want to see the shareholders here get screwed. But, I'm sorry, I just don't see a happy outcome here. Especially with current management still running the show! They will come out of this OK, unfortunaltely, you won't...
Comment by Tothemoon514 on Jan 29, 2020 7:42pm
Instead of saying a bunch of nothing. Can you tell us what your prediction is as far as what do you think will happen next? how do you see things play out. And please stop with the same old that retail investors will lose it all- We all have heard that one before and we all know it s a posibility.But yah just tell us what do you think will happen in the coming weeks and months. Tell us about your ...more  
Comment by YoDrop on Jan 29, 2020 9:12pm
My prediction... Wabouchi mine will be moth balled for years until and Asian company buys it for less than 100 million. But then again who wants anything to do with a seasonal mine wayyyy up north. Just not “feasible” right Guy? You seem to like the “feasibility” word, now you have it. 
Comment by bigkagan on Jan 30, 2020 1:17am
I think that in order to resuscitate a dying patient only the most important parts of the body are worked on like heart and lungs. In the case of NMX it's the mine, forget the freakin' Shawinigan. You need the mine to produce the ore and then the buyers will show up, doesn't matter what the profit will be, just to stay alive and I think GB knows it
Comment by Calgary_AB on Jan 29, 2020 10:02pm
commonsense: NMX couldn't get good financing when SP was over $2.00 and only had 200mill shares outstanding. how will it get financing now when it has almost a billion shares outstanding with SP last traded at 0.16 and broke all business trust by not respecting bonds terms, delivery terms, stream terms who will ever trust NMX that next time they will keep their word and contract commitments ...more  
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