NKL 14.3% 2.4¢ nickelx limited

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-59

  1. 767 Posts.
    lightbulb Created with Sketch. 59
    Big things brewing here - gut feel of mine that is.

    They have smart geo's in their team.
    Take Cosmos for example, NKL drilled bang on to what they wanted to drill (anomaly).
    Just nothing in the ground. There was nothing the company could do.

    Catalysts
    • Dalwallinu Drilling Commenced - if there is mineralisation to find, they will find it.
    • Project Acquisitions (Gold/Uranium) - stated on quarterlies.

    While the transaction to move the European assets away from NickelX seemed strange, it's for the best as their cash burn would have gone through the roof, leading a CR.

    I will gladly be a buyer at these levels.

    Watch this space.
    Last edited by Invesorys: 02/02/24
 
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