Nickel 28 Capital Corp V.NKL

Financial statements overall!!!

[ICNick]

A few comments:

1- Bravo to the management for filing on time and showing accountability!!!

2- With regards to 2023, it is what it is and we will live with the results of a business which it seems, was mismanaged by the old execs of N28.

3- Looks  like during Q1 of 2024 expenses have gone down drastically. Just there could be millions per year in savings.

4- Nickel price is low but thank god Ramu is a low cost producing mine.

5- $10M in cash and a total debt of $45M, the debt will be paid soon, about a couple of years.

6-  I wonder what is happening with the 2 musketeers who did not settle yet with management?

7- I look forward to hearing about the company's directions in the near future, meanwhile my thanks for the work that has been done so far by the interim board/management.

[Talchior]

I think it's a double reason nickel and cobalt done.with a low price of cobalt, the logical cost increase.

[Michiel]

What should they do with all that cash? 1/ using it to pay back some debt  2/ using it to buy actions  3/ paying a first dividend  Hope to get answers from the management in the next weeks.  When do they organise the sharehoulders meeting?

[ICNick]

Agree!

[1930modelA]

Agree also.

[Michiel]

After the pressrelease we have our answer.  Most part off the cash will be used to buy back shares.  That s good for me. 1/these buys will stimulate the shareprice and 2/the eps goes up. It s a good decission.  But what will they do with the rest off the cash???

[ICNick]

I believe we will soon find the plams. I've read this from B. Richards on CEO.ca "we have just finished updating the presentation (and I believe it is on the website), and I will be organizing a kind of kick off zoom video with Chris with (Q&A at the end) fairly soon, but most likely after our AGM. We will then start some strategic marketing to get some new eyes / new investors

[Talchior]

Indeed, I asked the question to Richards on ceo channel. Strange point that they will look for more cash.

[ICNick]

He mentioned fresh liquidity which does not mean necessarily more cash. New people, more people buying and selling the stock might help with share liquidity. There are interesting articles on the subject when you search the web.

[Talchior]

Thanks for the feedback. I guess it's also a translation issue at my side in this case.

[ICNick]

Do not worry about translating issues, this is not my mother tongue either. What is most important is  to have people involved, asking questions and sharing their point of view, etc. 

[Michiel]

The share buyback is a good decission. If they could now fully  repay the debt, the party can start!!! I can not believe that Pelham will wait some more years to get the maximum out off their investment.  They will arrange something to fully repay the debt as soon as possible.  Their presentation mentionned: "refinancing is possible due to the proven cashflow ". Hope to

[Suppe11]

Imho the share buyback is foolish. They should bring the debt to zero, get  a higher share then and pay no interest anymore. Easy choice. Of course a buyback could create some liquidity for the mm to sell their stocks, which is maybe the main reason for it.

[ICNick]

I would agree with you if the price of nickel was higher. Perhaps it is better to work on the share price and in a year once and if (hopefully) the price per pound is higher take advantage of it to pay off the debt more rapidly. That said, the end result might be similar in a couple of years.