Skin in the game It is always emphasised by companies - including Nickel 28 - how high the insiders (management directors) have a stake in the company. This circumstance is called "skin in the game". Low participation not good - high participation very good.
At Nickel 28 it looks like this (according to SEDAR/SEDI):
Fully Dilluted Shares, RSU (Restricted Share Unit) and Options: 97.5m
Insider participation shares, RSU, options: 22.3m
Participation rate of insiders: about 22%
Although the management/directors have been quite "generous", the participation rate is so high that the interest in a rising share price is disproportionately high. Effectively, we will see in a year's time whether the shareholders can also profit directly from the success: Then the decision should be made whether and, if so, how high the dividend for the 2022 business year will be.
The dividend decision is at least foreseen in the updated presentation as of June 2022, Slide No. 28 (pdf) in 2023. I assume - if Ni/Co prices as well as Ramu's production performance remain at this level - 0.05 to 0.10 per share.
[url=https://https://www.nickel28.com/_resources/presentations/corporate-presentation.pdf]https://www.nickel28.com/_resources/presentations/corporate-presentation.pdf[/url]
urai58
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