NC1 3.45% 15.0¢ nico resources limited

Ann: Change of Director's Interest Notice, page-13

  1. 7,940 Posts.
    lightbulb Created with Sketch. 450
    Unfortunately this company has quickly become a joke... I took part in the initial IPO but sold out at a very decent price on a pump when it seemed to show it was lagging

    First screen dum here is from feb 2022 and shows DFS was meant to start in Mar 23 and be completed by this year:
    https://hotcopper.com.au/data/attachments/5668/5668229-e6b24702dbeff7ce7b81560e9f5878d1.jpg

    This is the screen shot from recent equity raising preso... so they have not even started the DFS! Cost by now woudl have blown out significantly... Will sit on the sidelines and see what the DFS says when it is ever completed. No doubt EV is low but they will just sit there and burn cash over the coming 9 - 12 months.
    https://hotcopper.com.au/data/attachments/5668/5668239-032fcc255c255a957e804ab2231ad890.jpg
 
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