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Nickel Creek Platinum Corp V.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.


TSXV:NCP - Post by User

Comment by Heywood_Silverson Dec 11, 2024 10:58am
55 Views
Post# 36356603

RE:RE:RE:RE:RE:RE:RE:RE:Yukon Grid Projected Funded

RE:RE:RE:RE:RE:RE:RE:RE:Yukon Grid Projected FundedLet's run the numbers here:  NCP has fallen in the month of December by almost 40%.  Granted, that is not a "dip" in the general sense of the word.  However, look a bit deeper and realized that this free fall as you call it occurred with a paltry 69,000 shares total being traded during this time period on the TSX.

Here is my question to you:  how is it possible that a 40% decrease in price occurs when only about 1.2% of the total shares outstanding have traded hands?  Answer is that the institutionsa are standing pat and the small-time retail investors are leaving and the institutions and strong hands have not yet started to load up (they are probably waiting for the bottoming process to finish after tax loss season).

This is indicitive of a THINLY traded MICRO CAP stock, which is why the move to the  TSX Venture makes perfect sense for the time being.

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