NIU 0.00% 2.0¢ niuminco group limited

Ann: Edie Cr Gold Intercepts in JORC Resource Drilling Program-NIU.AX, page-138

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  1. 419 Posts.
    lightbulb Created with Sketch. 26
    That's what I said. So right now, I calculated the VWAP to be sitting at 6.62 and 80% of that would be 5.29.

    Since they specified that the SPP would be rounded down, if it sits at here till Friday, then the SPP would be priced at 5.

    I think the best case scenario would be if the 7s get taken out and 8s start to trade before the end of Friday. If we can get the VWAP at or over 7.5, then 80% of that would be 6s.
    Last edited by MrSpecul8: 12/10/16
 
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