Bullboard - Stock Discussion Forum Nickel 28 Capital Corp V.NKL

Alternate Symbol(s): CONXF

Metals & Mining Industrial Metals & Minerals

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 on the fully permitted Dumont nickel project... see more

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Nickel 28 Capital Corp > Normal course issuer bid” (“NCIB”) Share buyback

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Post by urai58 on Oct 30, 2021 5:54am

Normal course issuer bid” (“NCIB”) Share buyback

Here are the main points. According to this, Nickel 28 has probably not yet repurchased any shares. In particular, no shares may be purchased if Nickel 28 has material information that has not yet been communicated. Nickel 28 is considered an insider when buying back shares. Purchases made in the previous month must be reported by the 10th day of the month. Also, buybacks are limited to 25% of the average daily volume.

urai58

[url=https://https://www.dlapiper.com/en/canada/insights/publications/2020/12/key-considerations-when-considering-a-normal-course-issuer-bid/][/url]

urai5

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Comment by Talchior on Oct 30, 2021 6:32am

interesting information. Thanks.

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Comment by Michiel on Nov 17, 2021 7:19am

thx for this interesting information. If this is correct, then the buyback news sounds less interesting for the shareholders. A small calculation. Average volume is around 100.000 shares/day. So they can only buy 25.000 shares a day. According to your information they did not do any buyback. If they start at the first of Novembre and the buyback ends on July, 1 (according to their NR of June 30 ...more

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Nickel 28 Capital Corp