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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 29, 2023 2:33pm
147 Views
Post# 35804351

RE:Restricted share units ... there is no exercice price ?!?

RE:Restricted share units ... there is no exercice price ?!?On the RSU front the dilution is the same regardless of share price.  Or that's they way I see it.   They will be granted 6.2mm shares regardless of price so if the stocks stays at 80c CAD or 1.60CAD our ownership will go down by approximately 7%. From an accounting perspective the recorded cost will be higher at a higher share price but this is a cashless expense. The point is the dilution remains constant regardless of price.  Options on the other hand are different. Given the exercise prices dictates whether they are in the money or not a lower price could make the options worthless. At this point there are only 2mm and the excercise price is at the money so there won't be a ton of dilution.  The damage and theft has already taken place by these guys and it should come to an end now moving forward if the board finally becomes a true fiduciary to shareholders.   
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