Nemaska Lithium Inc NMKEF

Chess Game

[Tiger737373]

How to settle a monetary dispute ( Orion, 134 million ) if you don't have all the money?

Think about it before answering.

Maybe some shareholder are ready to financial support the project

[TicTacTo]

No surprise in Orion deal, amount match financial report (17% interest rate), book value in last financial report at C$125 million, end at C$135 million including accrue interest. Good deal on both side, relationship with Orion seems good. As Orion agree to USD/CAD conversion rate of december amount is fair.

[Takeactionnow]

Tiger, the June 5, 2020 court order does not (yet) mean that Orion is being paid.  It simply confirms tha the claim is secured (i.e. it has priority) and that the amount of the claim is established at $134.5 million.

[mick1888]

Yip....and we still have a mine that is three quarters built (at present).... ;-) What was previously achieved was not all bad or we wouldn't have 8 interested bidders....;-) GLTA longs

[mick1888]

And a completed Chemical Plant shell, with completed detail designed awaiting plant, nuts & bolts.... :-)

[Takeactionnow]

Only time will tell, of course, but my optimism is higher than in months past.  The degree of expressed interest, and the ability of the process to weed out unqualified bidders suggests that there is indeed some competition.  The assets (and project) are worth more today, in my opinion, than some months ago, since the industry prognosis is looking better.  The timing for a

[TicTacTo]

IQ job to push for shareholder inclusion, even if an unsecured creditors IQ is not a normal shareholder

[mick1888]

For what it's worth TTt, I agree totally that IQ have the key to unlock this process and keep the retail investor involved. For example they could offer a low interest loan on the previso original investors are kept on board to suplement any equity deal (i.e Pallinghurst). They will be aware they cannot just sit on the sidelines and do nothing, after all that would just be like weilding the

[Tiger737373]

Thanks TakeAction, an understanding wich is in my opinion very interesting for the rest of the current procedures. The streaming offer as well as the settled bond contract, all becomes possible now for a happier end. The whole project is now very attractive !!