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25/03/24
23:47
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Originally posted by Chuxa:
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Only once they get some positive focus and stop diluting/wasting shareholders wealth. At $2.5M MC NKL is basically a shell company, without any valuable assets worth mentioning, so from here (simplification) the following or mix thereof happens next:a. company eventually delists/ goes into administration or consolidation and rename (common)b. company gets lucky with geo work and strikes a deposit of some sort of promising size, either develops it, sells it or farms it out (rare)c. company keeps jumping from project to project and commodity to commodity whilst undertaking many CRs and consolidations (most common, we are here ) Unfortunately NKL is a dud and not going anywhere, combined BOD's remuneration package is bigger than NKL's Market Cap...multiple CRs are incoming 'to keep the lights on' (which means continuing to pay bloated salaries of execs who are not doing anything) with only a small fraction of all the funds being diverted to actual exploration activities (which will be announced ~12-16 months in advance and multiple CRs will be undertaken whilst the exploration activities will be scaled down). Sounds pretty horrible and sombre but this is the truth, you are in the most dangerous part of ASX: the $1-3M MC the 'penny dreadful territory', you are almost guaranteed to lose your holding's paper value to just a few dollars worth (literally) after a few years of holding. GLTAH.
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Originally posted by Chuxa:
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In case you needed any further proof, look at the SP trend its over -90%+ from its peak in only 2 and a bit years. No share price support, no real strategic direction, no liquidity to even exit the stock, you are seeing convulsions of a dead company that tries to pretend that it's still got something to offer.
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I agree with most of what you said. But Matt has experience, a history & the BOD has thrown their own cash at this when it needed the money.NICKELX LIMITED (ASX:NKL) - Ann: Appendix 3Y - Change of Director's Interest Notice x 4, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum Unfortunately, the nickel market has died, which doesn't bode well for a company called Nickel X. That's not the fault of Matt or the crew either.A nickel for your thoughts: Matt Gauci | ASX:NKL (*.com.au) HC will block the link, just Google "A nickel for your thoughts". The drill bit could spin around May/June for uranium & there's a gold acquisition on the cards, so I don't think it's all over just yet, there's still life here for a few years to come with any luck.NICKELX LIMITED (ASX:NKL) - Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum Gold is at all-time highs in AUD.