Chart, page-13487

And that jump was based on a desperate deal that destroys share holder value.

Whilst the market partied on that announcement, wait till they wake up the next morning and crunch the numbers to then realise what has occurred.

Nemaska Lithium current have ~800 million shares in the market.

This deal is for $200 million at 25 cents a share which will add another 800 million shares to the market.

Nemaska sold 50% of the company for a couple of hundred million dollars.

But that's not all...

Also, the further rights offering at $400 million at 25 cents will create an additional 1.6 billion shares to add on top of that 1.6 billion shares that will be already in the market, diluting current share holders down to 25% of what they currently own.

The Nemaska Board have sold 75% company to Pallinghurst whilst screwing current shareholders and still kept their jobs! Whilst from memory have added another 2 mouths to feed to the board.

I feel incredibly sorry for those share holders, with many of them hoping for a white knight to come and save them from this terrible deal.

If we take into account their current share price and the fully diluted amount the share price would be around 7.5 cents.

So yeah, back to the point... It goes to show what an illusion of a great deal can do for the share price.

Those poor buggers.