Nimy Resources (ASX: NIM) – Mons Nickel Project
COMPANY SCOREBOARD
| Pro Plus | Pro | Con Plus | Con |
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ABOUT COMPANY
Nimy Resources (NIM) (https://nimy.com.au/) explores gold and nickel in Western Australia. Its flagship is the Mons Nickel Project in the Karroun Hill District in Western Australia.
The company was listed in November 2021 by raising $6.4m@20c (slightly over minimum subscription).
CAPITAL STRUCTURE
| ASX Code | Share Price | Shares | Option (In) | Market Cap | Cash/Asset ($m) |
| NIM | 0.043 | 140423608 | 6038215.1440 | 1/0 |
| Holders No | Top 20 (Cur) | Top 20 (Pre) | Director Hold | Performance Right | Note |
| 1015 | 65.37% | 70.20% | 29.09% | last raise $3.2m@26.5c+40cOpt |
The chair, Simon Lill, is also the chair for DEG.
FLAGSHIP ASSETS
Mons Nickel Project Southern Cross WA
Project Data
Below is the project’s exploration history:
- 2002-2005: Image Resources/Troy Resources, targeting gold
- 2005-2009: Image Resources/Emu Nickel, targeting gold and base metals
- 2009-2012: Emu Nickel/Brendon Deshon, targeting gold
The company didn’t find anything from the IPO money.
SUMMARY
It is not a good sign when the company starts to pay contractors by equity.