Nickel 28 Capital Corp V.NKL

Year-end 2021: Net income $0.13 per share

[urai58]

The audited financial statements for 2021 as of January 31, 2022 are filed on SEDAR. Today there should be a NR.

 

Here are the key numbers:

 

- Cash: 7.6m USD

 

- CAPEX Debt: $76.5m

 

- Net profit: 11.2m USD

 

- Net earnings per share: $0.13

 

Please note: The Ramu mine has been running (very) well for another 5 months and the price of nickel is higher in 2022 than in the previous year.

 

 

urai58

[invest234]

technically they received a cash distribution of $3,462,576 from MMC subsequent to January 31, 2022 which is after q4 end, so the 7 mil would appear in q1 2022. q4 was the big drop in production from unplanned outage, so result is not bad. q1 production returned to normal with addition of selling at higher nkl/co prices. there will be a big jump in cash once they sell their held back inventory.

[microcaptt]

just to be clear your analysis assumes that the 35% of unencumbered cashflow is not being used to accelerate the repayment of the construction debt?  I think it would be beneficial to understand if it was when the could repay.  Probably mid 2023

[invest234]

i think his analysis does not use the 35% cashflow received by nkl because he multiplies his number by 65%. using the 35% to pay down debt as well should result in faster completion of debt payment. from q4 plus q1, the amount of nickel produced but not sold yet is around 6700 tonnes. same for unsold cobalt produced but not sold. that is like an extra quarter of production to be sold. once this