Post by
SmilingDog on Nov 18, 2020 3:04pm
Manawan
I can assure everyone here that this project will not get held up for this reason. I think you will agree once you take the following into account.
1) the Quebec government is a major shareholder in the company - they would not have invested if they believed there were any first nation, enviornmental, etc. imediments that would hold up this project
2) this project is of extremely high strategic importance to the region and country, given the big push to establish itself as a meaningful player in the EV supply chain
3) the number of jobs related to this project
4) this is not uncommon, if you were a local first nation, why wouldn't you try to extract as much value as possible - its just a question of how much pull they have
I think at worst NOU provides an immaterial concession and they're on their way - I'd be shocked if government authorities allow for anything more given the precedent it would set, which would in turn incrementally deter investement, which is the last thing they want right now - and not to mention, the Quebec gov is a major shareholder......
Comment by
Fastvinny on Nov 18, 2020 3:31pm
You are 100 pc correct , Money and security takes priority ... this is just profit taking now with the help of this new news,,, We will get an uptick witing a few days again i'm sure. nervous nellies will sell now
Comment by
SmilingDog on Nov 18, 2020 3:35pm
Well said, provides a reason to take profit after a 400% move + weak short-term traders a reason to get leave. Lets see how good of a buying opportunity it provides. The irony in retrospect will be that more market cap was just wiped out than they might have to give (if any) to this first nation. The defintion of emotion/fear/irrationality taking over.
Comment by
Fastvinny on Nov 18, 2020 3:47pm
Agreed , might see the high 60's soon , great entry for more buying . i'm hoping , getting more shares anyhow... GLTA