I have spent along time reviewing these positive and negative posts and correlating them with ASX announcements.
It has been a fortuitous little run for the directors to salary sacrifice for stock. I hate it when they do that as they are in such a position to be able to manipulate it , but then the outcome is that they must believe in the asset.
If it was not for the extreme difficulties in general when mining PNG, then this dog has fees, but when you consider that the setup was wrong, the equipment was wrong with poor electricity supply, discontent at the board level then you start to think, that not much more can go wrong.
I have some more buys in at 0.02, but something tells me it will not get filled.
Its still very much a cowboy stock. But in that part of the world it may just take a cowboy to make it work.
Good investing
Crash
NIU Price at posting:
0.3¢ Sentiment: Buy Disclosure: Held
