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 > Nickel 28 Confirmation of Largest Ever Ramu Cash Distr.

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Comment by ICNickon Apr 19, 2023 2:26pm

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Post# 35403515

RE:RE:RE:Nickel 28 Confirmation of Largest Ever Ramu Cash Distr.

It says that they will buy back 7.2 million shares and will cancel them. Total number of shares will be down by about 8% to around 84 million shares. To me it means more dividends per share long term and hopefullt the stratgy will be lifting the stock to a better value per hare. Let's not kid ourselves, theonly reason this stock is at 1.20 is because of Pelham. Basically if Pelham fails, the stock could go down to roughly 0.97 and management is probably trying to keep the stock high in the case that Pelham fails.

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