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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 > Edda - 2nd offer announced at press conference
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Post by dalesio_98 on Sep 16, 2020 2:59am

Edda - 2nd offer announced at press conference

Edda - 2nd offer announced at press conference on September 15, 2020 by Nemaska Shareholder Group Chairman Alain Clavet. -- Furthermore Nemaska Shareholder Group also submitted a request to Nemaska board to convene a Special Shareholders Meeting (SSM). -- Nemaska board will refuse to hold an SMS, upon receiving rejection letter, we will initiate funding and convene the meeting.
Comment by Tcheck on Sep 16, 2020 8:02am
love you ts there  more meat on the bone you throw us $ can you elaborate
Comment by dalesio_98 on Sep 16, 2020 12:54pm
Edda (European group) offer $300M with bank proof provided, with possibility to $500M. Private placement of 77%, apply to get back on TSX. -- Definite dilution, with rightful owners of the company included. Hopefully a shareholders rights offering. -- Uphill battle, Judge Gouin acceptance of Edda offer received after legal SISP deadline which was June 30th extended to July 10th.
Comment by bigkagan on Sep 16, 2020 10:15am
we must drag this thing out with lawsuits as long as possible so that we get a better deal with shareholders included
Comment by TFSAfunds on Sep 16, 2020 12:21pm
Yup, that'll be a smart move... If the Pallinghurst bid gets involved in legal stonewalling, they will invoke "undue hardship" and back out of the deal. As everything drags out, the existing cash reserves get used, leading to a true "bankruptcy" where the assets will be sold for pennies to the highest bidders. I can't see how this benefits existing shareholders, they ...more  
Comment by mick1888 on Sep 16, 2020 1:21pm
Tfunds we are getting nothing anyway, so what have we to lose? And if the scoundrel bunch (IQ / Orion / PL) get p!$$ed off - GOOD. Maybe it would open the door for Bid B...... ;-)
Comment by dalesio_98 on Sep 16, 2020 1:54pm
During yesterday's interview with Minister Fitzgibbon, his political advisor and press secretary & myself Lorenzo D'Alesio, Alain Fournier and Claude Domaine - Minister Fitzgibbon said we will see him in court.
Comment by mick1888 on Sep 16, 2020 2:26pm
The Ministers arrogance is astonishing, it honestly feels as if he is enjoying the stress his fellow citizens are under. I thought a politicians mission was to serve society, not upset its constituents... :-[ Please keep up the pressure and all the really good work you and your colleagues at RAN do dalesio, someone needs to fight the corner of the little man, especially as the Minister (and his ...more  
Comment by bigkagan on Sep 16, 2020 2:22pm
EDDA could have bought all the shares of NMX back in the winter for $200 mil. while they were still trading at 25 cents. We have to get NMX shares trading again so that somebody could make an offer
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