NKL

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2.9¢ nickelx limited

Ann: Board Change, page-11

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ProCapitalism

4,522 Posts.

1615

01/05/24

20:02

Post #: 73616628
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Originally posted by Chuxa: ↑

As I posted a few months ago we have couple of options here:

1. consolidation + rename + a new commodity,
2. delisting.

Existing holders will lose everything from this process regardless. Can't believe this stuff luckily I've only lost a few grand but my lord, this is a disaster. I honestly did not suspect that NKL would -80% in the time since my original buy-in, hindsight...

Matt and his immediate crony of con 'miners' are not the ones losing money on this, they have existed their positions long time ago. This is not even a shell anymore, this is a shell without management, time is of extreme uncertainty.

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Originally posted by ProCapitalism: ↑

Well, that escalated quickly! He bailed before a successor could be found? Seems suspect to me. I wonder what happened?

NKL is now a rudderless ship, holding diddly squat & one of the lowest value stocks on the ASX.

Nickelx Ltd (ASX:NKL) Share Price - Market Index

Let's hope a new MD/CEO moves this thing from neutral into 6th gear. It might need a clutch start?

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Originally posted by ProCapitalism: ↑

Na, I think they'll raise more cash. There are still 5 Quarters of cash left & now down an MD that was on $250K, so there's more money saved there for a few Quarters. If they can find someone to fund this, it could go on for a few years to come, but there could be a lot of dilution coming. This is an explorer, this is what happens.

Hitting a decent uranium target in Canada could raise more cash at a higher SP. There are still gold acquisitions on the cards. I'm in, I never invest more than what I can afford to lose. You can't win them all, even millionaires lose bucket loads on the ASX.

There are companies on the ASX sitting on actual mineral deposits with a MC only a few multiples higher than this thing, that's the state of the speccy market on the ASX.

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From the Quarterly.

NICKELX LIMITED (ASX:NKL) - Ann: Quarterly Activities/Appendix 5B Cash Flow Report, 73590171, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

NKL Price at posting: 2.0¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last 2.9¢		Change 0.000(0.00%)		Mkt cap ! $2.547M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	17892	2.8¢

Sellers (Offers)

Price($)	Vol.	No.
2.9¢	40576	2

View Market Depth

No.	Vol.	Price($)
1	17892	0.028
1	250000	0.024
1	32863	0.022
2	71429	0.021
3	150000	0.020

Price($)	Vol.	No.
0.029	40576	2
0.030	157450	1
0.031	41255	2
0.032	100000	1
0.034	210700	1

Last trade - 16.12pm 03/06/2024 (20 minute delay)

NKL (ASX) Chart

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Ann: Board Change, page-11

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