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 lumpy13on Apr 19, 2023 5:08pm

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Post# 35403891

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

Bottom line, without Pelham the share price would probably be around $1. Mgmt had excess cash prior years, but have done little in way of share buybacks. They are only doing it now in response to Pelham and to keep the share price up (at least until Pelham goes away). Given all mgmt's RSUs and options, they have no incentive to pay a dividend as the minority shareholders would benefit, not mgmt.

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