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 > What's wrong?

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Post by Chizkiyahu on Nov 10, 2021 7:13am

What's wrong?

Aren't they not happy with Finance results? Lack of buyer? Maybe Market makers control the bids and asks daily? I cannot understand!

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Comment by BarnFind on Nov 10, 2021 11:14pm

I wonder too? Financials are great on Ramu project. Risk has been significantly reduced. Construction debt should be paid off shortly resulting in $20M per 6 months profits for Nickel 28 - even more as it's Ramu % also increases. What more could you ask for? I have well over 200,000 shares and would like to double but need to find something other than TD Ameritrade since Nickel 28 has not met ...more

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Comment by Chizkiyahu on Nov 11, 2021 9:09am

I agree with you 100%. I pray that Nickel 28 will dissolve with SEC rules ASAP. I see the volumes daily under TD Ameritrade. I don't know if it sold or bought. Mostly are 66 cents per share no greater than 70 or 75 cents per share. We'll see what happened later.

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Comment by Michiel on Nov 17, 2021 7:49am

in the NR they only mention what they have done with the cash received in Q1 and Q2. And that was indeed good news. But they did not mention anything about cashflow / earnings in Q3. A little bit strange if you release "results over Q3". Giving correct information is so important to create sharehoulders value.

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Comment by urai58 on Nov 17, 2021 8:48am

No; it's all on track. Q3 financial results must be audited in Canada. I assume that the NR will come at the end of November. Regarding volume pay-back. As soon as the price rises, there should be more interest in the stock. Especially when the result for the second half of 2021 is published. > 6m $ FCF my forecast. And then more shares can be bought back. urai58

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Comment by Michiel on Nov 17, 2021 9:32am

very strange the action is moving in the opposite direction. From a technical point of vieuw it does not look good for the near future. All averages are down (25days/50days/100days). Very strange with upgoing nickel prices. .....

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Comment by lumpy13 on Nov 17, 2021 11:58am

I saw the NR on the 2 week pause of operations but never saw an explanation why. Did I miss something?

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Comment by Michiel on Nov 17, 2021 12:01pm

some mine workers had corona. They have put everybody in quarantaine. The NR mentioned that.

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Comment by Michiel on Nov 17, 2021 1:06pm

@urai58. The Q2 financial results, are they already audited? And yes, where can we find this document? On the website of Nickel28 you can only find the statement of Q1.

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