Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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

Comment by microcaptton Jun 14, 2023 5:35pm
117 Views
Post# 35496898

RE:RE:Nickel 28's Majority Voting Policy

RE:RE:Nickel 28's Majority Voting PolicyMy 2 cents.  If the board of directors act ethically and uphold their duty they will either step down or call a special meeting to reconstitute the board with the input of Pelham and shareholders.  If they do the right thing here I can see them keeping some board seats.  Given this board has not acted ethically in the past it’s doubtful or 50/50 at best.  With that said they have no viable end game and the writing is on the wall; they can buy a year but they will all be removed at the next annual meeting and have no seat at the table going forward.  On the Pelham front they can try to call as special meeting.  I don’t know all the rules in Canada but there is generally a pathway to do so.  Lastly, I think Pelham has multipole litigation options to bring them to the table.  The best outcome is for N28 and Pelham is to come to the table and negotiate a more balanced board and address compensation and governance issues moving forward.    

<< Previous
Bullboard Posts
Next >>