NKL

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2.4¢ nickelx limited

PC,As I understand it, NKL cancelled the option agreement with...

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naaman

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11/01/24

17:01

Post #: 71836314
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Originally posted by ProCapitalism: ↑

Really? Suck me sideways!!

I swear to god, NKL better pull something out of Dally. If nothing comes of it, I might take the loss & move on. I can't sit here for 10-15 years & wait for them to find something. Life's too short & I'm not getting any younger. If they found something today it would probably still take 5 - 10 years just to get off the ground, given the current lithium & nickel market.

I know how these explorers work, they'll spend 20 years trying to find something all while issuing billions of shares the whole way along. It will end up with an SP of 0.003 & a MC of $20M one day. The only way to get your capital back is to keep buying more stock as more shares get issued, in order to bring your averages down. It becomes a bottomless money pit & there's no guarantee they'll find something.

I originally bought into this thing because of Cosmos South. Considering the area it was located in I thought it would be a decent strike. Look at the neighbours we had. I assumed it was a game of Battleships, C1 was a hit, C3 was a hit. Why wouldn't C2 be a hit? Of course, all they found was dust. I've got plenty of that in my backyard. Matt would always go on about the "Siemens" rating.

Siemen, siemen, siemen.

Siemen this & siemen that.

Hey Matt!!! I know a place where there are BILLIONS of "siemens" but it requires me to drop my pants & for you to wear gloves!!

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PC,

As I understand it, NKL cancelled the option agreement with the vendors of Cosmos.

However, NKL have actually acquired the Dalli project. The last installment made to the vendors was in Dec 2023. Sale agreement terms are below. The 4 million shares were issued to the Vendor on 17/10/22 as part of the agreement.

Is that your understanding? If so, can that mean there is more confidence in Dalli than Cosmos.

NKL Price at posting: 4.2¢ Sentiment: Hold Disclosure: Held
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