Nickelex Resource Corp V.NICK

Alternate Symbol(s): NKLXF

Nickelex Resource Corporation is engaged in the acquisition, exploration, and development of natural resource properties. Its operations include Swift Katie gold/copper property and Thompson, Manitoba nickel properties, and Pilar Gold Inc. and Laiva Gold Inc. The Swift Katie gold/copper property near Salmo, British Columbia is an area that has historically hosted several important mining districts and is underlain by rocks favourable for the discovery of both copper-gold porphyry deposits and high-grade gold quartz veins. It has an option to earn up to an 80% interest in the Moak North and Wilson Mineral Exploration Licenses in the Thompson Nickel Belt (TNB), Manitoba. The four licenses are located 30 kilometers north of the Thompson Nickel Mine and cover an area of approximately 30,283 hectares. Pilar Gold Inc. and Laiva Gold Inc. have operations in Brazil and Finland. Pilar Gold operates the Pilar gold mine in Brazil. Laiva Gold owns the Laiva gold mine and mill in Finland.

TSXV:NICK - Post by User

Nickelex Resource Corp > Management

<< Previous

Bullboard Posts

Next >>

Comment by defcon1on Oct 30, 2020 2:08pm

119 Views

Post# 31814037

RE:Management

Maybe they are tapped out from carrying the company so long. Looking at the last financials, they are owed a lot of money.

My concern is that they still have not completed the purchase of the Brazilian sub yet unless I am missing something. Last update was waiting for regulatory approval. How is the $.1 financing going and when is the next payment due for Livramento?

Some thoughts on share price:

US election / COVID uncertainty
Early tax loss selling
PO'd shareholders from one of the last financings that got rolled back 10:1 even before the four month hold was over

<< Previous

Bullboard Posts

Next >>

Dollar Tree CEO Rick Dreiling steps down as discount retailer struggles