Thank you, Michael! Listened to your speech yesterday at the COM Twitter Spaces, at 3am in London. Woke up, and first things I did this morning was to search for your Substack. So impressed! Very grateful for your generous in sharing your knowledge! 🙏🙏
Any new thoughts on CONXF? I don't see it listed in this article. It's 3-bagger since you wrote the article, and it still looks like it has lots of room to run if the price of nickel holds.
Nickel28 is still one of my largest holdings (115,000 shares) and I expect I will see it reach $8 or $10 a share if the Dumont nickel project in which it holds a 1.75% NSR makes it into production in the next 5 to 10 years. Even without Dumont and its undeveloped streaming interests, I value the company at $4.00 a share based soley on the RAMU mine interest.
Thanks for the response. Another Nickel28 article was posted on seeking alpha on June 6 and several of the commenters expressed concerns again about the management team, one of them outright saying this is a "bait and switch". In my experience, companies that are clearly under-valued based on some basic math (Nickel28 in this case) usually do have good reason for going at such a steep discount (e.g. fraud). Any comments about the integrity of the management team and what you think are the odds they are misleading investors?
I don't think they are misleading investors. I do think they are helping themselves to a bit more stock options etc. than I think is warranted at this point in the company's growth. My son has a position as well and he is not a fan of management but I think they are OK.
Thank you, Michael! Listened to your speech yesterday at the COM Twitter Spaces, at 3am in London. Woke up, and first things I did this morning was to search for your Substack. So impressed! Very grateful for your generous in sharing your knowledge! 🙏🙏
Cardinal and Birchcliff of those listed in the article. Spartan Delta not covered in those articles is perhaps the most undervalued.
Any new thoughts on CONXF? I don't see it listed in this article. It's 3-bagger since you wrote the article, and it still looks like it has lots of room to run if the price of nickel holds.
Nickel28 is still one of my largest holdings (115,000 shares) and I expect I will see it reach $8 or $10 a share if the Dumont nickel project in which it holds a 1.75% NSR makes it into production in the next 5 to 10 years. Even without Dumont and its undeveloped streaming interests, I value the company at $4.00 a share based soley on the RAMU mine interest.
Thanks for the response. Another Nickel28 article was posted on seeking alpha on June 6 and several of the commenters expressed concerns again about the management team, one of them outright saying this is a "bait and switch". In my experience, companies that are clearly under-valued based on some basic math (Nickel28 in this case) usually do have good reason for going at such a steep discount (e.g. fraud). Any comments about the integrity of the management team and what you think are the odds they are misleading investors?
I don't think they are misleading investors. I do think they are helping themselves to a bit more stock options etc. than I think is warranted at this point in the company's growth. My son has a position as well and he is not a fan of management but I think they are OK.