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
Note
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.