Bullboard - Stock Discussion Forum 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... see more

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Nickel 28 Capital Corp > Dear management

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Post by enjoytheride on Mar 22, 2023 10:29am

Dear management

I do not understand how Pelham's tender to buy existing shares is value destroying. I do understand how large grants of free shares to management on top of generous salaries are value destroying to existing shareholders. Please address that in your next missive.

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Comment by Michiel on Mar 22, 2023 11:39am

100% correct @Enjoytheride. I m really thinking to sell my shares to Pelham. And when their tender is succesfull, i buy them back later. This way, Pelham can enter the board of directors.

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Comment by schta on Mar 22, 2023 1:42pm

We thought the same thing. They should move up the bid amount by 20%. That will get people interested.

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Comment by Michiel on Mar 22, 2023 2:14pm

Maybe that will be the next step. This is the only way how we can stop the management of being greedy. If a new party joins the board of directors, that will only be positive for us. Especially when that party is an investment group. They only hole is to create value. We should all sell to Pelham. Later, we can buy the stocks back, Ok, maybe at a hire price, but at ...more

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