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 in the Dumont nickel project in Quebec and a... see more

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Nickel 28 Capital Corp > LME warehouse stock levels!

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Post by ICNick on Jan 17, 2022 6:16pm

LME warehouse stock levels!

6 months ago LME stocks were slightly above 220 kt. Today they are down to almost 97 kt. Any insight on the price impact if LME stocks go down to alarming levels, and what are alarming levels?

168

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Comment by Chizkiyahu on Jan 18, 2022 9:21am

Business 101 high demands, low supplies and price up faster

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Comment by ICNick on Jan 18, 2022 12:39pm

Obviously supply and demand. I would expect that starting a new mine or increasing production is not done in a matter of days. My question is more about speed of depletion vs replenishment of stocks and where is the danger zone based on LME stocks!

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Comment by ICNick on Jan 19, 2022 8:29am

I found this interesting article about nickel stocks! Worth reading. https://oilprice.com/Energy/Energy-General/Nickel-Slides-Into-Deficit-As-Stockpiles-Tumble.html

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