I would look at it somewhat different in that Pallinghurst will probably get the Livent shares at some sort of discount to market. I've used 15% and a price of US$18. That means in a sense that we now have a valuation for Nemaska which at 25% increase to their stake to 50% , this puts an approximate valuation in Australian Dollar terms of roughly A$1.775 billion , and which we didn't have before. So even adding back on the 15% WVAP discount for Pallinghurst , the value of Nemaska right now would be underpinned at around A$2.041 Billion.
What makes me really interested though in this deal is the fact that Pallinghurst was very very Bullish on their EV critical minerals strategy in Quebec - vis a vis Lithium - Nickel Cobalt , and obviously Graphite. So what happens to their C$1 Billion that they said they would commit to this strategy. What happened to their whole Becancour Hydroxide ambition's ?
Could they now looking to partner with Sayona & Piedmont ?
General Discussion Topics, page-50572
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