Nickel 28 Capital Corp V.NKL

Nickel28 sells Future Nickel Production...payoff debt Early?

[MikeSchranker]

Is there any update/news on Nickel28 getting a short-term loan to pay off the remaining debt so the % ownership can increase?  They would be able to possibly sell an amount equivalent as "deliverable nickel" since that is an option and use the proceeds to payoff debt.

Nickel28 can take delivery of physical nickel (MHP) after mining costs are deducted as per their % of ownership with their excellent Chinese Operator.

Thoughts and Ideas are encouraged!

[lumpy13]

I broached this idea to the company 6-12 months ago (to CEO if I remember) to ascertain their interest.  He said they had no interest.  But, it makes complete sense if you run the numbers.  It comes down to their ability to deliver nickel/cost or the cost of borrowing vs increased nickel.  I can't believe it's not a viable and attractive option.

[Michiel]

maybe they are working on it. But on the other side, with nickelprices fluctuating around 14 - 15, debt will melt down by itself, much much quicker then projected. It's going to be an exciting year for this stock.

[MikeSchranker]

IF you talked to Justin Cochrane back then he was possibly too busy raising money for his carbon streaming company.  He has too many businesses he is trying to be involved with.  Similar to the spaghetti cook.....throw some spaghetti on the wall and hope some sticks (Ie. Get involved/start a lot of companies and hope 1 hits big)  This approach unfortunately does a huge disservice to

[lumpy13]

Agree.  Plus mgmt incentive programs for NKL are very rich.