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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

Comment by microcaptton Dec 28, 2023 2:51pm
96 Views
Post# 35802989

RE:RE:RE:RE:RE:RE:Nickel 28 Files Fiscal Q3 Financial Statements

RE:RE:RE:RE:RE:RE:Nickel 28 Files Fiscal Q3 Financial StatementsThe N28 management team and BOD have been a group of self-serving thieves that don’t care about the underlying stakeholders.  I am hopeful tthis changes or stops as a result of Pelham’s activism and some of the “checks and balances” that are now in place.  I don’t disagree that you don’t want these clowns with $10mm in the bank but I am not sure paying down $5mm will do anything positive for the company. It is basically a wash from an income/expense perspective with returns on the cash equaling the cost of the Ramu debt.  In terms of using the $10mm, the last thing we want is this clown-show buying anything (besides maybe using the NCIB to repurchase N28 stock) given they are horrible allocators of capital. I think at this point we have to be patient given there is real value in the assets this company owns and in my opinion they are undervalued at the current share price.  I think as a shareholder we need to monitor costs and to make sure the robbery of the past is over and keep our fingers crossed that nickel and cobalt prices improve.    

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