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Nickel 28 Capital Corp V.NKL

Alternate Symbol(s):  CONXF

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.


TSXV:NKL - Post by User

Post by microcaptton May 31, 2023 10:36am
121 Views
Post# 35472379

It is time for change at NKL 28!

It is time for change at NKL 28!I just voted my shares (representing approximately 1% of the company) YELLOW across the board. I have been involved with NKL since its spinout of Cobalt 27. I have witnessed the absurd compensation (borderline theft) for ZERO value-creation by management over the years. I have spoken to Pelham directly and I strongly believe there is a stronger alignment of interest with them than the current situation. They want to unlock the value in NKL's stock, and it starts with improved governance and reducing the ridiculous costs associated with management. Based on my conversation with Pelham all of NKL's claims against Pelham are baseless. They don't want to take over the company or steal it from shareholders. They want to run it like a "real company", unlock value (re-rating) and get rewarded via their current stock position. If you are a shareholder, I strongly suggest you vote yellow. The current management team cannot be trusted, and they have not created any value besides diluting your position in the company by 20% over the years.
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