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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

Nickel 28 Capital Corp > Voting Yellow
View:
Post by enjoytheride on May 28, 2023 12:21pm

Voting Yellow

I read the glossy report. Pretty impressive but it doesn't address the main issue. 
Management keeps talking about their 25 % interst in NKL. About 15 to 20% of that was gifted to them by themselves. Assuming annual cash into the company of 60 million US ( conservative ) and then paid out they have gifted themselves @ 12 million year after year plus their extradorarily high bonuses and salaries.For carrying out an accounting function.
Best predictor of future behavior is past behavior.
We need new oversight. Present management and directors have proven themselves incapable of that.

Voting yellow
Comment by Talchior on May 28, 2023 3:47pm
Should we receive blue or yellow key from somebody? In Belgium, my bank can't provide it.  About yellow, there is no clear plan. You don't want vote for Pehlham but against Nickel28. Do you have any idea or guarantee that they will not pay the indpendant like they are paid? Of course not. 
Comment by enjoytheride on May 28, 2023 5:33pm
1. We can be certain that if new management tried the same nonsense old management would be on them like mud on a pig  2. the new proposed directors do seem  quite independent and professional as opposed to the conflicted hacks we have right now.  3. pelham's plan is to pay out remaining debt which would immediately increase payments from Ramu  to NKL from 8 percent of ...more  
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