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Nickel Creek Platinum Corp T.NCP

Alternate Symbol(s):  NCPCF

Nickel Creek Platinum Corp. is a Canada-based mining exploration and development company. The Company’s principal business activity is the exploration and evaluation of nickel and platinum group metals (PGM) mineral properties in North America. Its flagship asset is its 100%-owned nickel-copper PGM project, located in the Yukon Territory, Canada (Nickel Shaw Project). The project is in the southwest of Canada's Yukon Territory, approximately 317 kilometers (km) northwest (NW) of the capital, Whitehorse. The Nickel Shaw Project is a large undeveloped nickel sulphide project, with a unique mix of metals including copper, cobalt and platinum group metals. The Nickel Shaw Project has access to infrastructure, located three hours west of Whitehorse via the paved Alaska Highway, which further offers year-round access to deep-sea shipping ports in southern Alaska. The Company also maintains environmental baseline activities, considers optimization alternatives and seeks other opportunities.


TSX:NCP - Post by User

Comment by Heywood_Silverson Jan 03, 2024 7:51pm
102 Views
Post# 35809748

RE:RE:is the bid always this massive?

RE:RE:is the bid always this massive?The 1 cent bid is massive because the spread (1/2 cent increments on the TSX) is 50% higher than the bid.  If you check the trade history, almost all recent trades are at the ask (buys) with little to no activity at the bid (sells).  The huge disparity represents large demand for cheap shares which can be instantly flipped for a 50% profit by the market makers.

Problem for the market makers is that ALL of the supply of penny shares has evaporated due to seller exhaustion and capitulation.  I see this as a very bullish sign for NCP, there is no risk at this point as we are literally at the bottom and the trend is now changing and will turn positive.

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