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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 Aug 01, 2024 9:07pm
143 Views
Post# 36159680

RE:RE:RE:RE:RE:New Press Release - Nickel Creek Platinum Announces Results of 2024 Annual General and Special Meeting

RE:RE:RE:RE:RE:New Press Release - Nickel Creek Platinum Announces Results of 2024 Annual General and Special MeetingRemember that 3 investment funds own about half the stock outstanding.  Two things to keep in mind here:  all investors, for the most part, have a paper loss on their current holdings & the major investors aren't here to lose money.  They have patience and will see this through to the end.

The palladium play you got dutched on appears to have been a cash buyout prior to investors recovering their basis.  Granted, there is the possibility that all the major investors conpsire to take a loss via a recapitalization scheme in order to oust the retail investors, however, they would need many more shares to have an overwhelming % ownership to entertain such thoughts.  This would also imply that they have a buyout lined up on the side, which if that is the case, it would just make sense to negotiate the best terms possible to sell the project and move on.

I'm not saying that games never get played, but in our case the capital structure is still fairly balanced between individual institutions and retail.  Worst case scenario is that we get bought out early around a few cents and many of us will be in the vicinity of break even.  The only ones who will really get the shaft are those who were loading up over 10 years ago and have a basis anywhere near a dollar per share.  My advice to those individuals is to double-down and "heal your basis" whilst we are bumping along the bottom.

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