Nickel 28 Capital Corp V.NKL

Alternate Symbol(s): CONXF

Metals & Mining Industrial Metals & Minerals

Nickel 28 Capital Corp. is a Canada-based nickel-cobalt producer through its 8.56% joint-venture interest in the Ramu Nickel-Cobalt Operation located in Papua New Guinea. In addition, the Company manages a portfolio of nickel and cobalt royalties on projects in Canada, Australia and Papua New Guinea, including a 1.75% net smelter return (NSR) royalty on the fully permitted Dumont nickel project in Quebec and a 2.0% NSR royalty on the Turnagain nickel project in British Columbia. The Company is focused on building its portfolio of battery metals investments, including streams, royalties and other direct interests in producing mines, development projects or exploration properties. The Company's royalties include Dumont Nickel-Cobalt Royalty, Turnagain Nickel-Cobalt Royalty, Flemington Cobalt-Scandium-Nickel Royalty and Nyngan Cobalt-Scandium-Nickel Royalty.

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Nickel 28 Capital Corp > What to do with the cash?

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Comment by Sharegar777on May 03, 2021 10:58pm

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Post# 33121239

RE:What to do with the cash?

It is always best to pay off debt before thinking about a dividend. Why pay a dividend when you can increase the SP by a bigger value and in doing so improve the health of the company?

For similar reasons, I do not think it is the time for a share buyback.

If a quality Royalty becomes available, I would endorse that as a good reason to delay paying off some of the debt. After all Royalties are relatively cheap because the payoff is a long time in the future.

So
1. Pay debt
2. Buy Royalty
3. Share buy back
4. Pay dividend.

GLA Sharegar.

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