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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 ICNickon Jun 11, 2024 10:44am
151 Views
Post# 36082681

Disgruntled employee? Just a comment.

Disgruntled employee? Just a comment.On may 6th we read "Nickel 28 today announced that Mr. Anthony Milewski, former Chief Executive Officer of the Company, Mr. Justin Cochrane, former President of the Company, and Mr. Conor Kearns, former Chief Financial Officer of the Company, have been terminated for cause with immediate effect after the Company found evidence of serious misconduct, breach of duties and obligations, repeated lack of judgment, care and diligence and non-compliance with various of Nickel 28's policies and procedures. 
Nickel 28 is currently in a blackout period until they file their 2023 annual financial report, which means that key exec, past and present cannot trade (at least directly) Nickel 28 stocks.
There might be disgruntled people out there who are not happy about what has happened lately.
When I see this morning, June 11 @ 10.00 am, that 9,000 shares have traded at 8% less than yesterday for no actual reason, I am wondering why is that? The loss of $0.06 per share or $540 CAD on 9,000 shares is setting back Nickel 28 value by $5.7 million CAD. I let you draw your own conclusions.
Looking forward for new management to file and set things straight for the sake of their loyal investors. 
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