Conic (Nickel 28) owns 13 Nickel and Cobalt Royalties (I ignore the Co's). Insiders very bullish - 30+% insider, VC, hedge, institutional ownership. 12% jump today on recent news (branding). Negatives are significant debt (although they added $6.9MM recently), 460% 1-yr pop, very small M. Cap (penny stock), and 0 profit. However the PB is only 0.5. Nickel Futures chart has been straight up since Mar'20. Please do your research, I am just some interested dude (not financial advise, blah, blah).
CHART - Current $0.43, well above ATH. Looking for a handle formation. 0.618 retrace = $030. I'm favoring $037, $035, then $0.33 for partials.
See idea on Karora Resources KRRGF for an Aussie Miner / Ni JV play
CHART - Current $0.43, well above ATH. Looking for a handle formation. 0.618 retrace = $030. I'm favoring $037, $035, then $0.33 for partials.
See idea on Karora Resources KRRGF for an Aussie Miner / Ni JV play
Comment:
Karora Resources (KRRGF) is a Ni miner play, a bit more stable - An Aussie Au miner w/a 28% interest in a nickel joint venture that owns the Dumont Nickel-Cobalt Project located in Quebec. 50+% undervalued.