Advertisement
Advertisement
U.S. Markets closed
Advertisement
Advertisement
Advertisement
Advertisement

Neo Lithium Corp. (NTTHF)

Other OTC - Other OTC Delayed Price. Currency in USD
Add to watchlist
5.11+0.03 (+0.52%)
At close: 3:59PM EST
Advertisement
Sign in to post a message.
  • R
    Richard
    Received one of my NEO vote packages today (in Canada)… removed the plastic. Found the Voting instruction form. Scanned the QR code which opened up the website. Quickly read preamble and confirmed my share total. Voted “Against” the proposal to sell (it’s the only proposal being voted on). Pressed “Submit Vote”. 2 clicks and all of 45 seconds.
    Faster than it took you to read this message!
    Less than 30% of shareholders actually take the time to cast their proxy votes. If you were smart enough to invest in this company, you’re smart enough to know this deal is grossly undervalued. Zijin and the Board are counting on your apathy to walk away with this great asset.
    If you fail to vote, your vote disappears and the sale will be determined by the balance of those who actually submitted votes.
    You have till 9am on Dec 8th but do it now. Should you cast your vote electronically and decide to change your mind, you can change your vote on line up to Dec 8th. Don’t tip the scales in their favour and be left wondering woulda, coulda, shoulda!
  • R
    Richard
    @CMan.... For any kind of vote or dividend payment, companies must always draw a line in the sand and qualify their "Shareholders of Record". Since people buy and sell shares everyday, who actually owns shares in a company changes daily. What all this simply means is that if you held shares in NLC as of midnight November 8th, you are counted as a Shareholder of Record for this upcoming proxy vote. You're on the list to get the notice mailed to you with instructions re: the vote.
    If you bought new shares in NLC on November 9th or bought additional shares, from my understanding you're SOL. If you were already a Shareholder of Record on November 8th and added shares, you'll only be able to vote on the share total you held as of November 8th.
    Don't ask me how they came up with November 8th... the answer is either buried in their 148 page Management Information Circular or this date coincides with the date that Zijin and the Board "think" they may have secured all the shares they'll need to win the vote... However a big change happened on November 17th with CATL not getting their hands on Millennial Lithium. The 8% of shares CATL holds is a big swing in votes should CATL decide they want to take a stab at buying NLC. I expect we all may get lowballed some more by CATL's counterbid, but at least Zijin and the Board might get $crewd over if CATL flips their vote. My hope is that someone else comes along and bids higher so we don't even get to this vote, but we all need to stay tuned I suppose.
    Good luck to you...
  • D
    DG
    If you read the circular, the board also gets to exercise their full options at offer price (they paid $0.39) and Waldo and Gabriel receive a 1/4% royalty on gross sales into perpetuity, some undisclosed entity receives 1%... That should be a nice payday for them on 1B in annual sales at some point... VOTE NO, DISSENT, STAND UP against CORRPUPTION.
  • R
    Richard
    Yesterday (November 16th) was the deadline for CATL to match the current offer by LAC for Millennium Lithium… it has nothing to do with Neo. There is no mention of a Nov 16th date in the Neo Zijin press release, nor is there any deadline stipulated in the full "Arrangement Agreement" posted on October 8th on SEDAR. Significance was that CATL was going to buy Millennial. LAC came along and raised the bid and CATL had the right to match the LAC bid up until yesterday. So it appears that CATL is shopping again.
    To date the Neo Board still hasn't provided shareholders with the "Management Information Circular" which will outline the vote, the December Board Meeting, effective dates, and proposed closing dates.
    As per the agreement, all shareholder communications must be jointly released (Neo and Zijin), and therefore you might want to reference all future "News" Releases against the actual filings (legal and regulatory submissions) on SEDAR.
  • R
    Ronald
    The Arrangement Agreement provides that the company may entertain Superior Proposals at any time prior to receiving Shareholder Approval (ie at any time prior to December 8th).
  • W
    William
    just voted, No is the word of the day!
  • D
    DG
    Everyone must VOTE NO, en masse. They need to secure 66% of total votes cast with yes. The board has 16% outstanding shares with CATL and they are trying to steal this (along with whatever they have been buying back to secure a yes). Register by proxy, VOTE NO, flex our muscle, force this back onto the market. It is worth a conservative 5-7X the offer price. It will literally produce about 500M-1B annual, in revenue alone, with insane net. This is a corrupt attempt to take this off-market with partners from the CCP. Neo management remains on to continue operations, stinks of conspiracy to defraud investors... VOTE NO.
  • G
    Geoff
    Is my understanding correct that if this goes through then Zijn acquires my shares, and I receive some cash but am no longer a shareholder? So basically a Chinese takeover of canadian company.
  • R
    Richard
    It’s past 4:30pm in Vancouver… deadline has passed on CATL’s Matching Period to counter Lithium America’s bid for Millennial. Nothing posted yet on anyone’s website so looking like CATL is out.
    Wonder what they’ll do now?
  • A
    Aaron
    hahha ya go down! I'll keep buying for when I get paid out
  • -
    -Lithium-
    Going to be an interesting day today. Good luck to those of us still holding.
  • A
    AI
    Come on…..NLC, do something…..thumb up for above 6.5 in December, thumb down for below 6.5 in December.
  • T
    Tim
    Anyone feel free to answer, I bought on speculation that they receive a higher offer, used profits on MLNLF, waiting for maybe 2-3 more weeks to see if one materializes. Any thoughts?
    Neutral
  • R
    Roy
    Important news. LAC has made an offer for Millennial, improving on the offer CATL made for them. If LAC succeeds in their bid, which is significantly better than CATL's, then I wonder if CATL will make a better bid for NLC, with whom they already are working closely. Watch this space!
  • T
    Thomas
    I'm voting "NO"!
    This is a fraudulent attempt by management to "steal the Co. out from under the Commons".
    Sick-O proposal, that enriches those at the levers of power within the Co. while fleecing the Commons who have put-up the capital.
    Juice-up the offer if you want to rightfully buy this Co., in this market, at this time in history when Lithium demand had never been higher and will only be higher well into the future. This should go for $2-billion market-cap MINUMUM right now. Anything less is outright theft. Vote NO!
  • G
    Geoff
    The rate lithium stocks are increasing now, NLC could very well be worth a lot more by December 8 ffs.
  • b
    brian
    It appears to me that CALT is a battery company that needed a miner Zijin to secure future lithium needs. When dealing with hundreds of millions of dollars it was easy to secure the deal with large amounts of monies guaranteed to board members on a successful purchase. With CATL and Zijin gobbling up every possible share to guarantee a yes vote…. I would love a new offer, but just can’t see it happening against these behemoth companies.Can anybody help me understand if to hold or sell…..dead money is not helping anyone here but any hope of higher payout for a company that is worth much more is worth a conversation.
  • R
    Roy
    I know many here would be well informed about LAC as well, but here's a brief history of the ML bidding war to this point, and maybe (hopefully) what we might look forward to with NLC. CATL's September CAD 3.85/share offer was about 7% above Ganfeng's July CAD $3.60/share offer. LAC's CAD $4.60/share offer is a whooping 22% above CATL's offer and shows some determination. CATL has until 16 November to counter. Interestingly, this is also around the time that NLC will be mailing out voting forms for Tijin's offer. CATL has to either counter for ML, outbid Tijin, or settle for nothing. I don't see the latter as an option for the largest battery producer in the world.
  • R
    Richard
    @ David. Simply shaking lose hands... selling volume is high today and Zijin is gobbling up shares at a discount. It was also high yesterday (> 1 Million shares traded). No need to increase share price if people continue to sell.

    According to the DFS: "$1.129 billion after-tax NPV with 8% discount rate and a 39.5% IRR at an average price $12,321 /t LCE with a 50-year life of mine and payback of 2 years and 3 months from commencement of production"

    That's $1.129 billion $US NPV and the operation pays for itself in just over 2 years... and they calculated NPV from the looks of this using an average price $12,321 $US /t LCE. Lithium spot price has doubled since July and is currently in the 190,500 Yuan range - or $29,750 $US! The NPV calculated in the DFS vs. using the current spot price is grossly undervalued!

    ... so it's a game of follow the bouncing ball using after-tax, average pricing and flip flopping currencies. Zijin is trying to steal this at $960M $CAD (or $777.4M $USD) for an asset that is conservatively worth $1.129B $USD according to last nights DFS and is more realistically worth twice that ($2.3B USD) if you consider the current price of Lithium Carbonate. Why on earth would anyone agree to sell right now?
  • S
    Simon
    Vote no, and hope for CATL pump it up 💎🤲
Advertisement
Advertisement