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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.


TSXV:NKL - Post by User

Nickel 28 Capital Corp > Where is the negotiation?
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Comment by microcaptton May 11, 2023 10:20am
100 Views
Post# 35442996

RE:RE:RE:RE:RE:RE:Where is the negotiation?

RE:RE:RE:RE:RE:RE:Where is the negotiation?Thanks for sharing.  I think based on their press release (clip below) we can agree that their messaging was highly misleading.  It was clear to me that they were going in a different direction (flip/flop) as it relates to the use of excess cash (debt paydown vs buybacks).  All of these types of decisions are "options" not "obligations" so that answer is BS.  Also it is very strange that this change happened when Pelham was in the process of their mini-tender becuase the stock has been cheap for a while and management should have been aware of a large payment from Ramu was forthcoming. It is clear to me this was a strategy to use NKL's cash to bid up the price making it harder for Pelham to buy a meaningful stake.  Selfserving  


"In the opinion of management and the board of directors of the Company.............using Nickel 28’s excess liquidity to buy back common shares at their current trading price is highly accretive to net asset value per share"
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