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Nickel 28 Capital Corp V.NKL

Alternate Symbol(s):  CONXF

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.


TSXV:NKL - Post by User

Comment by Talchioron Jun 02, 2021 2:49am
155 Views
Post# 33309068

RE:RE:Nickel 28 - Get used to higher stock price

RE:RE:Nickel 28 - Get used to higher stock priceI totally understand your point but I not totally agree.

The deal was indeed to receive a share of Conic of 1,92 but also 4 cad in cash. It was a share then depending on the bid and ask. 

The last rate of cobalt 27 was 4,36 cad. The first of Conic was 0,39 cad and 4cad in cash. Same below the proposed value, it was correct (I agree would be better if 1,92).

However, let's do an estimation you invest the money of 1000 shares. 

1) Rate of 1,92 (without taxe to make it easier) 

4000 cad = 2083 shares
1000 shares from the deal. 

Current rate: 1,01cad => 3083 shares = 3113,83 cad
Last analysis fair value: 3,04cad => 3083 shares = 9372,32 cad

2) Rate of 0,39

4000 cad = 10256 shares
1000 shares from the deal

Current rate: 1,01cad => 11256 shares = 11368,56 cad
Last analysis fair value: 3,04cad => 11256 shares = 34218,24 cad

In conclusion, for the long term investor, was not a bad deal. 
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