Nickel 28 Capital Corp V.NKL

@ the Bell: Energy shares spike, but TSX tumbles

[Jon Brown]

Oil prices jumped, but Canada’s main stock index fell further. Energy was the only standout, with the tech sector logging some gains. read article.

[PressRelease]

Nickel 28 Capital Corp. (“Nickel 28” or the “Company”) (TSXV: NKL) (FSE: 3JC0) has released its results for the quarter ended July 31, 2023. “In the second calendar quarter of 2023, Ramu continued its strong performance of operations maintaining its industry leading low costs and ability to...read article.

[Jon Brown]

Canada’s main stock index closed lower on Tuesday, as U.S. Treasury yields reached multi-year highs on bets interest rates stay elevated. read article.

[ICNick]

https://gigametals.com/news/giga-metals-announces-positive-prefeasibility-study/

[Jon Brown]

Fall officially starts this weekend and with it comes the annual rush of business activity, you need look no further than our own Bullboards. read article.

[microcaptt]

If the mine closes down NKL will still owe their interest. it will just be deferred.  That could be the same case w a new loan.  It's not accurate to presume what the new loan terms are.

[Talchior]

You forget one point. The current payment can be done when they want. If the mine is blocked for one year and no income, there is no problem.  If you take a new one, you must pay in time. 

[Michiel]

I fully agree. 

[microcaptt]

Even if it costs 20% it's still an accretive transaction.  You will have an increased interest cost of 15% (they are already paying 5%) which if you assume they borrow 35mm to retire Ramu

[Suppe11]

For companies like this one, I fear the interest + fees and stuff, will look more like 20% at the moment.

[Michiel]

With pelham members on the board, the focus will now finally be on creating shareholder value. The former management was mainly out to fill their pockets as much as possible. pelham, on the other hand

[lumpy13]

I agree that the overhead at NKL is way too high and could be cut dramatically.  Royalty companies input on green mining is not necessary and likely ineffective, hence a waste of money.  The

[Suppe11]

This actionism costs around 10m per year. Just sit and wait probably would cost the same. The G&A side of the business should be cut to the bone. Even half of it is generous. The problem with the

[ICNick]

The point here is not to decide today what is right or wrong but to assess and try to find the sweet spot between multiple factors, including price of nickel, interest rates, global and certain local

[Talchior]

With current increase of interest rate, I don't see added value to accelerate repayment 

[ICNick]

There were comments in the past that this business requires minimum hands-on operations. IMO, more time should be spent on strategic approches. Key topics should be visited or re-visited, e.g

[Talchior]

Sorry to rectify but it is not for free. It's for less the current rate but he has paid for the option. Also, at the moment when the options were granted, no cash was available and the rate lower

[ICNick]

I am with you here. The new director made good decisions. He could not get ride if everyone. He got Ned from Pelham and a couple of new people who appear to be seasoned and independant. it will be