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 in the 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.

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Nickel 28 Capital Corp

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Comment by Fierzeon Jun 09, 2020 12:36pm

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Post# 31129214

RE:RE:VOTE AGAINST!

abrahaminc wrote:
I would definitely consider voting against the management pay package! The annual wages add up to 5% of market cap. Its looks like a ridiculous ask as things stand and needs significant justification.

5% of market cap is 0,6 MCAD. With 5 people in the management team (and I'm guessing 1-2 other employees), that equates to a wage of some 100k per person? Correct me if I'm wrong but that does not seem crazy high to me? What other costs does the company have at the moment?

Although sure, I agree it would be a be a good gesture to shareholders to lower wages until the company starts cash flowing.

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