NKL is getting interestingI had shares in Cobalt27 and kept my NKL shares after the spin-off. Was sort of peeved - as were most Cobalt27 investors - that the NKL valuation attributed in the acquisition/spin-offer by Pala was a joke and the share price movement since then has proved that out.
But, the medium term outlook for nickel looks very good and, if NKL's debt in Ramu is paid off in '21, then the future cash flow looks quite attractive and the valuation should be a multiple of what it currently is (and commented on in French, but, given my illiteracy, I couldn't fully understand).
The recent shareholder referred to receiving 35% of Ramu's cashflow, once the debt is paid off, but I thought their shareholding (and cashflow share) is only 8.5%.