Ann: Annual Report to shareholders-NIU.AX, page-8

say what you want if you just ignore the bad things you will get yourself into trouble

"During the year, the Group has not been able to meet its planned production targets at Edie Creek mine of 5 to 6 ounces per day averaging 1.9 ounce per day. "

this shows the company is not even close to making enough money to make any decent profits hense why it always does CR. what's the good of it being a producer if it just does CR all the time like an explorer.
whats more the company says many times "they cast significant doubt on whether the Group will continue as a going concern"

- this was mentioned on there presentation, with no mention of a CR, one would assume they were going to fund the drilling of there own bat. pretty misleading imo

"Consistent production at Edie Creek will provide sufficient positive cash flow to allow Niuminco to:"
- Continue low cost exploration and extension drilling at Edie Creek using own rigs and crew.
- Complete low cost drilling of 3 targets at BOLOBIP using own rig and crew.
- Confirm drill targets and commence exploration drilling at SOUTH MAY RIVER.


with the latest CR only
50% of the total money raised will go toward mining/exploration

anyway I was just saying I don't expect a great quarterly but happy to be proven wrong