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

Alternate Symbol(s):  CONXF

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

TSXV:NKL - Post Discussion

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Post by Chizkiyahu on Jun 30, 2022 1:26pm

PR news

I hope Conor Kearns learned hard lesson that he bought 177k for nothing! I think the problem is management. He favors the monies go to his workers, not shareholders.
Comment by ICNick on Jul 01, 2022 10:27am
IMO, this does not make sense. The stock is undervalued. There is much more to gain for management (and shareholders), if they were to drive the price of the share up and or starting to pay dividends. There is a need for a more focused strategy that will satisfy all parties. Some positive noise is needed. 
Comment by invest234 on Jul 02, 2022 1:43am
the positive noise will come soon when they sell the over 5,000 tonnes that was produced but not sold in q1. that is almost an entire quarter of production held back in inventory. Ramu Q1 2022 production of 8,756 tonnes of contained nickel in MHP. Ramu Q1 2022 nickel sales of 3,336 tonnes of contained nickel. q2 is already over now. they should annouce a huge cash payment once that metal ...more  
Comment by BarnFind on Jul 03, 2022 1:17pm
I agree. While their accounting should a loss in Q1, it only did so because they are not taking into account inventory. If they were able to ship/sell the inventory, I expect a large pay down on the construction debt and a large cash payment to Nickel 28. I look forward to the payoff of the construction debt and the significant increase of cashflow to Nickel 28. If I didn't already have so ...more  
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