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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 > closing date extended to July10...
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Post by Calgary_AB on Jul 08, 2020 3:02pm

closing date extended to July10...

Not long ago NMX extended the due date to get PL to invest...now NMX extended the date from June 30 to July 10, have you learned anything from the first time it happened?
Why do you think they found it necessary to extend the due date?
Of course all the brainwashed will say; because NMX is so hot...

but the truth may be different...I think is because the so called 8 bidders did not start the bidding war and if they don't overbid each other and the high bid is not nearly enough to cover the secured investors...NMX gave them another 10 days in hopes some of the lower bids change their mind and overbid the high bidder...
The investors bidding on the project are aware they need to put another billion dollars in the project on top of their bid and they know very well their competition…

The assets NMX has that was put as collateral did not increase in value and in a case like “Liquidation” the bidders will not pay the money than NMX paid to acquire, they lowball.
My gut says the bid was not enough to cover the secured investors and they decided to extend the closing date to maybe hopefully they can convince the bidders to get some more…

I guess we will find out soon enough
Comment by TFSAfunds on Jul 08, 2020 3:37pm
Right Calgary... like 6 months for DD, a year in Pallinghurst's case, isn't sufficient? And an extra 7 business days will make all the difference... lol. I doubt very much that all 8 contestants in this game anted up the required deposit. Those still in it should have deduced that the extension signalled to reduce their offers, not boost them! I wonder how long after the Friday cut-off it ...more  
Comment by Calgary_AB on Jul 08, 2020 6:00pm
I can't believe how brainwashed people are.... Look at the FB group, they are out of their mind, no Investor will just throw money at NMX because 25,000 or even 5million stupid people are invested... If they believed so much in it and couldn't be woken after 50G of my posts, then they deserve it...
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