Nickel 28 Capital Corp V.NKL

What's wrong?

[Chizkiyahu]

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

[BarnFind]

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

[Chizkiyahu]

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.

[Michiel]

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.

[urai58]

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

[Michiel]

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. .....

[lumpy13]

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

[Michiel]

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

[Michiel]

@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.

[lumpy13]

Usually only annual statements are audited.  you should find Q2 on Sedar.  Irritating that they're not posted on NKL's site.

[Michiel]

@lumpy13. Thx, i found the Q2 statements on Sedar :-)