Sorry - but I don't see the similarities. Firstly Nemaska was looking for BIG ' bickies ' to the tune of C $600 million for completion of their ' Downstream ' Hydroxide conversion facilities where AJM is miles off that. Secondly , Nemaska's ' negotiation ' process was extended TWICE over the course of almost 6 months , whereby they had no less than 3 updates on their Whabouchi project , trimmed their staff , advised of their continuing embattlement with their bond holders, and which ultimately ended with their application for protection from Bankruptcy 1 week before their 2nd scheduled extension to 31st December for their original with the Pallinghurst Group.
And ALL this happening while their shares continued to be traded right up until December 23rd. So all in all , I don't really know how you arrive at your so called ' similarities ' claim.......
AJM Price at posting:
6.3¢ Sentiment: Buy Disclosure: Not Held
