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Bullboard - Stock Discussion Forum 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... see more

TSX:NCP - Post Discussion

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Post by HCallahann44 on Feb 12, 2021 9:27am

Bear Case

if we are talking 40 billion in metal here...and the resource is expanding..subtract 1 billion to build out the resource...from estimates I have seen, the value disconnection still appears extreme...I don't believe there are any accidents or that we are seeing things the marked isn't seeing. This resource is well known....so there has to be a reason its trading for pennies now when it was dollars before the resource was expanded. The market has to believe that there is no way...even with mass dilution that they can develop this resource and bring it to market. Why did our other CEOs bail out if the value proposition was so great...and now we have a loser who barely communicates....then one of our fellow posters said he had an experience with one of the funds invested here where they pulled some underhanded stuff to ruin the common shareholders. I have dry powder and its tempting to pounce here and load the wagons...but these questions remain unresolved.
Comment by Heywood_Silvers on Feb 12, 2021 4:54pm
I don't think anything nefarious is going on here.  The large insiders are content to maintain their positions (purchased at ever lower prices as the shares sank during the last decade).  Many retail investors (such as myself) are also content with what we have acquired.  The dust has settled, we have bottomed out, there is no selling pressures.  The stock could sit like ...more  
Comment by HCallahann44 on Feb 12, 2021 6:34pm
Heywood Silvers thanks for your take...but don't you think the real reason this stock tanked was due to concern that they would not be able to raise the cash to develop the project without massive dilution...the stock just death spiraled. The value is there...but if we can't extract it without diluting to infinity or giving away a big chunk of the profits to some partner--how are we going ...more  
Comment by Heywood_Silvers on Feb 13, 2021 6:38pm
Well, I always tell investors don't make this more than about 3% of your porfolio.  But, I understand wanting to lower your cost basis in it - I did that last summer myself. The CEOs probably got bored with a slow moving junior and wanted to test greener pastures.  Agreed that dilution is always a concern, which is why you want to time raises during periods of euphoria.  ...more  
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