Ann: Half Yearly Report and Accounts, page-7

First 7 Last

Share
Profile

Follow
Kenny Powers

7,585 Posts.

33

17/03/22

17:57

Post #: 60258932
Share

Originally posted by ChasingProfits: ↑

I don’t expect management to do a cap raise until post releasing information/results on cosmos, as they have enough cash to conduct the magnetic airborne survey over the tenement and then to conduct four diamond drill holes for their maiden drill campaign at cosmos as outlined in previous asx announcements. In fact, I’ll be disappointed in management if they do so as the name of the game is to do cap raises at incrementally higher levels than the previous raise I.e not to raise money at suppressed share price levels that we find ourselves in atm as this causes significant dilution and costs existing shareholders lots of money. Don’t forget there is high insider ownership here so they want to avoid the above scenario.

Based on the announcements released thus far, I think once the option agreement is ratified tomorrow it will be all systems go. Management have stated that the maiden drill program at cosmos will be conducted in March so they must have the contractors ready for the survey and drilling on stand by (this sounds a bit optimistic though and probably not realistic) but let’s see what they say tomorrow. After the last campaign, management have a lot to prove here so lets narrow down those targets and find me some nickel. Once we hit high grade nickel (here is hoping anyway) then the share price will be a lot higher than where we are today. That is when you do a cap raise to fund the next round of drilling. Anticipation is starting to build and looking forward to the announcement tomorrow. Cheers CP.

Expand

NKL Price at posting: 15.3¢ Sentiment: None Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

PLS

Lithium production up 26%, revenue jumps 58% in June quarter for Pilbara

OPL

Opyl forms JV with UK and US consortium to bring products to the world

AAI

NYSE-listed Alcoa Corp joins ASX through key JV acquisition

M4M

Macro Metals picks up 80% in Firebird's manganese plays; mining services operations to launch if decision to mine passed

Drilling at Lady Ilse suggests gold-copper porphyry, grows footprint for Magmatic

There are more pages in this discussion • 2 more messages in this thread...

First 7 Last

Add NKL (ASX) to my watchlist

(20min delay)
Last 2.4¢		Change -0.002(7.69%)		Mkt cap ! $2.107M

Open	High	Low	Value	Volume
2.4¢	2.4¢	2.4¢	$4.8K	200K

Buyers (Bids)

No.	Vol.	Price($)
1	280000	2.3¢

Sellers (Offers)

Price($)	Vol.	No.
2.6¢	231373	3

View Market Depth

No.	Vol.	Price($)
1	280000	0.023
2	2022772	0.022
2	886	0.021
3	600000	0.020
2	400000	0.019

Price($)	Vol.	No.
0.026	231373	3
0.027	125000	1
0.028	88000	1
0.030	94975	2
0.031	9000	1

Last trade - 10.22am 24/07/2024 (20 minute delay)

NKL (ASX) Chart

Ann: Half Yearly Report and Accounts, page-7

Lithium production up 26%, revenue jumps 58% in June quarter for Pilbara

Opyl forms JV with UK and US consortium to bring products to the world

NYSE-listed Alcoa Corp joins ASX through key JV acquisition

Macro Metals picks up 80% in Firebird's manganese plays; mining services operations to launch if decision to mine passed

Drilling at Lady Ilse suggests gold-copper porphyry, grows footprint for Magmatic

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Half Yearly Report and Accounts, page-7

Top Stories

Lithium production up 26%, revenue jumps 58% in June quarter for Pilbara

Opyl forms JV with UK and US consortium to bring products to the world

NYSE-listed Alcoa Corp joins ASX through key JV acquisition

Macro Metals picks up 80% in Firebird's manganese plays; mining services operations to launch if decision to mine passed

Drilling at Lady Ilse suggests gold-copper porphyry, grows footprint for Magmatic

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News