Nickel 28 Capital Corp V.NKL

Q1 Ramu positive, why are we down?

[ICNick]

Results for Ramu Q1 are out.  Production is solid, costs are down, plenty of inventory to sell. Why does the stock keep on going down? Puzzled!!

[BarnFind]

I wonder too. Next quarter (already completed) should show best quarter yet as carried over inventory gets sold/shipped. I hold 250,000 shares now and at the current SP I certainly will not be selling shares.

[Michiel]

nickel price is going down for several weeks. So the payback of the dept is under pressure. I think that s the reason.

[ICNick]

I wonder why they did not sell a huge part of the inventory when the price was $14-$15 a pound during Q1?

[invest234]

they already said the reason why: “Ramu sales have been slower than expected due to Covid restrictions"

[Suppe11]

Not too difficult to see...Nickel down from $14000/lbs to $8800/lbs...so all nice calculations (in the presentation) are toast, atm.

[Talchior]

and during this time, the stock available continue to decrease. Nothing urgent.

[Michiel]

Ramu will announce his figures at the beginning of August. if they are not too bad I wouldn't worry , but if they are disappointing like in Q1 , then things don't look good for Nickel28

[invest234]

q1 had great production. they just delayed shipping and sale of ore. you've seen other companies have delays in shipping, 5000 tonnes of metal do not disappear if shipping is delayed. like Talchior said, nickel stock available continue to decrease. https://www.kitcometals.com/charts/nickel_historical.html unless you think the world does not need electric vehicles and batteries anymore, and

[Michiel]

and it seems they use the free cash to raise there salaries and not to buyback shares as they promissed. So nothing goes to the sharehoulders, it all disapears in there pockets. That undermines shareholder confidence