NickelX IPO - One to watch, page-32

Mate you’d be hard pressed to find a stock listed on the ASX, where “cheap shares” weren’t allocated at some point. Management need capital to get the company off the ground and listed on the ASX.

Most management also include incentives for themselves… often seen as a way to mutually benefit themselves and shareholders (drives results).

We could argue the morality, especially on a case by case basis… but people aren’t going to invest unless they can make $. Particularly early on, when the risk is higher.

But looking at this stock objectively, it’s clearly undervalued. Cashed up and hitting the ground in a fantastic area.

We can reassess post explorarion, but for now this is a screaming buy.

I noticed one company on the register that likely needs to raise funds in the very near future, so I wouldn’t be surprised if they were the majority of the selling.



All IMO.


Cheyne