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 > Normal course issuer bid” (“NCIB”) Share buyback

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Comment by Michielon Nov 17, 2021 7:19am

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Post# 34135047

RE:Normal course issuer bid” (“NCIB”) Share buyback

thx for this interesting information. If this is correct, then the buyback news sounds less interesting for the shareholders. A small calculation. Average volume is around 100.000 shares/day. So they can only buy 25.000 shares a day. According to your information they did not do any buyback. If they start at the first of Novembre and the buyback ends on July, 1 (according to their NR of June 30) they have only around 170 days left. 170 x 25.000 shares= 4.250.000 that they can purchase. This is far bellow the 7.478.209 they announced (NR of June30) to buyback. I have the feeling this buyback news was fake. Not good !

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