Nemaska Lithium Inc NMKEF

Bad Feeling

[Tiger737373]

I have a very bad feeling.

https://ici.radio-canada.ca/premiere/emissions/360-pm/segments/entrevue/189208/nemaska-lithium-mine-batterie-financement-juge-usine-shawinigan

[mick1888]

Thanks Tiger. Not so sure I would take a negative from this in particular. He is only saying what he normally does, but interestingly enough he does reference 'taking possession' ahead of 'or the assets', which gives the impression he talks of new owners. And new owners could take many forms? Not so bad as it could be coming from that particular person..... ;-) GLTA longs

[Luna2020]

This sounds like Fitz is in the dark about the other offers and whether IQ will participate in the chosen deal.  It is a good thing as his past comments reflect his lack of knowledge of the other offers on the table.  This also shows that he was very irresponsible in his past public comments.  Next week can't come fast enough.  I am still hopeful for a positive outcome i.e.

[Ciseaux]

IQ is on the board of Nemaska, so they know all the bids. There is confidentially so even Fitzgibbon would not know the exact details, but when he sees his friend Guy Leblanc, there might be some insights he can speculate on.  That he repeats again that he is sad about the faith of the shareholders is definitevely not a good news.

[TicTacTo]

IQ is not on the board ... but they know everything anyway.

[Ciseaux]

Ah, I thought when I last looked at the board (a few months ago) that they were there. But I only see Softbank. https://www.nemaskalithium.com/en/team/board-of-directors/

[mick1888]

Ciseaux, do you not think it is the Minister still trying to lower the expectations of existing shareholders. With that in mind, that would indicate to me Fitzgibbon already has a deal in mind which will most likely include Pallinghurst / Traxys JV along with the participation of IQ (go back to meeting all three last year). IMHO this will include us, but with really heavy dilution. For me, the

[phantom666]

but there is a director on the board. He was notably Senior Vice President, Mines, Metals, Energy and Environment at the Socit gnrale de financement du Qubec, and Vice President at Investissement Qubec. He is a member of Qubecs Ordre des ingnieurs, graduated from lcole Polytechnique in Montreal.

[Luna2020]

The key is he WAS at IQ before... not now.  So, IQ is not controlling this and has little power.  The don't know all offers.  The board's job is to act as a voice for shareholders.  With eight bidders, it should go well for shareholders.  We will likely know on Tuesday morning... or Monday evening.