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 > Where is the negotiation?

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Comment by microcaptton May 11, 2023 11:30am

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Post# 35443240

RE:RE:RE:RE:RE:RE:RE:RE:Where is the negotiation?

At a minimum the timing is questionable wiht respect to the buyback announcement. With that said I am more curious what the plan is moving forward. It would be good to hear what managements thoughts are now. It would also be interesting to hear Pelham ideas/strategy around the debt and excess liquidity as a larger holder. Increasing liquidity on the balance sheet does not hurt anything until they have enough money to pay back all the debt. Small paydowns don’t really accomplish anything – and cost/expense wise it’s basically a wash. The interest expense is basically the same as the yields on cash so I guess you are better to have cash/liquidity on balance sheet than a slightly lower Ramu balance IMO.

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