Be nice to know exactly what’s going down, from previous experience they could issue shares to a “corporation” at current market average price; rather than the value of the asset (s). I would rather they sell the whole asset in question to someone like harmony gold or preferable Newcrest, especially at current gold price. PanAust was sold in 2015 for 1.1b (Frieda River in png was involved ), so I/we can get an idea on things to come.
This stage it’s hard to know what direction we are in .... yes at least we have a date of some description ...
NIU Price at posting:
0.1¢ Sentiment: Hold Disclosure: Held