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
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
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