Nemaska Lithium Inc NMKEF

Fitzgibbon «complètement indifférent» à l’actionnariat NMX

[TicTacTo]

https://www.lenouvelliste.ca/affaires/fitzgibbon-completement-indifferent-a-lactionnariat-de-nemaska-lithium-f0effd947fef83bc6cceecfc6521e47c

[ewaltz22]

Il est vraiment fort lui

[mick1888]

Good news that IQ will make 2-300m available TtT....;-) My gut feeling is that this will be in debt, that the Pallinghurst / Traxys JV will increase their original portion to 800m, and drop their share price pro rata to 0.17. A winning bid?????? GLTA longs

[TicTacTo]

Good news of what ? Does he say retails be part of NMX 2.0 not at all even say the contrary.

[mick1888]

How could he say retail were part of any deal, that would be an admission he knew details of confidential bids. What he has confirmed is the extent of IQ's participation, and that this would be in parallel with external money. That all bodes well in my book. Yes, there will be substantial dilution, but we already surmised that, but at least we wouldn't be fleeced....;-) All 'that

[TicTacTo]

Depend who you read this, mean zero in my mind and 200-300 million will be for a new company  Ce qui ne l’empche pas de partager la douleur de ceux qui risquent de se retrouver les mains vides. «Je ne trouve pas a agrable pantoute», laisse tomber le ministre. «Quand j’tais assis sur la chaise de mon coiffeur il y a plusieurs mois et qu’il me disait qu’il

[Takeactionnow]

With all due respect, my take (also based on prior comments of the Minister) is that Mr. Fitzgibbon is a traditionalist as far as RRSP investing is concerned, believing that very conservative investments should be made.  Hence, he dislikes hearing of individuals who have made more speculative retirement savings investments, particularly if their investment losses mean that they will not be

[TicTacTo]

Est ce que quelqu'un connait le nom du coiffeur de Fitzgibbon, doit tre content de passer pour un idiot dans le journal 

[mick1888]

A lot more promising than his previous rhetoric TtT. At least he divulges that IQ will be contributing between 2 and 300m, whether that's in equity or debt depends on what they negotiate with the other main bidders.... :-) It's unlikely they will give up on their already invested 80m, which obviously means there'll be something in there for retail...;-) And this would also give the

[Takeactionnow]

A careful read of the article makes clear that Minister Fitzgibbon doesn't care who shareholders are with respect to building value added projects in Quebec.  He clearly is committed to the idea of attracting capital to develop the sector (and specifically, once again, refers to battery manufacturing), and doesn't care that the money comes from outside of Quebec (since, as he

[Takeactionnow]

TMN updates their view of small shareholders' odds of survival from "at best 50-50" to "60/40": Reader comment re: odds of survival

[Ciseaux]

I wish the odds would be 50 or 60%!!  My guess is that Fitzgebbon knew that NMX was certainly worth 0$ when his hairdresser told him he had shares, but could not say anything because of confidential information. In the discussions with Pallinghurst, it must have come out that the deal could not go through and that this would end up where we are today. IQ could invest another 200 or 300M, but

[Takeactionnow]

A perfectly plausible scenario, for sure.  The problem is that eliminating existing shareholders affects the Nemiscau Cree too.  I know what I would do if that suggestion were made!

[mick1888]

In addition it would also mean IQ and Softbank would also lose 80 & 100m respectively. It would not make any sense whatsoever for IQ to invest 200 - 300m AND at the same time forfeit 80m. That would just make a mockery of what they were trying to achieve in the eyes of the public (and the press).

[Takeactionnow]

It is too bad that nobody has answered your call, Mick, for any news on SoftBank.  Considering their investment, they have been pretty quiet!

[TicTacTo]

But SB still on NMX board

[Takeactionnow]

A further thought on that:  From a negotiating standpoint, obviously there needs to be enough perceived value in the project for a bidder to go along with suggestions preserving existing shareholdings, but surely there is if IQ is considering another $200-300 million?  For the sake of argument, if there is no value at present, why would anyone kick in $200-300 million more and have

[mick1888]

Exactly TaN, the more you look at IQ's position, the more I am convinced there will be a deal incorporating all stakeholders. It would not go down well if they accepted a loss of 80m and then doubling down on the same horse with no certainty of success (because the basic business fundementals have not changed much). It would be seen as a transfer of wealth from the public pot to the private