Ann: Niuminco completes $600,000 Placement, page-7

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nt_1973_au

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12/01/17

09:59

Post #: 21839462
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Originally posted by Mrbxy ↑

That's quite a pessimistic view, I don't think their target is only a 0.1cent gain, I mean it would be very difficult to sell all 150,000,000 at 0.5 or even 0.6cents.

Let's not forget that Niuminco is actually a solid company and the placement investors could very well be in it for the long term & to see their options at 0.7cents be converted.

I have faith in our management, but I did notice at the AGM that they were quite old. They were a bit slow in their talking & therefore probably not the best at cutting deals (for example, a younger management team may have been able to raise money at a higher price IMO)

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"Let's not forget that Niuminco is actually a solid company....."

yeah, so solid, it's now raising capital every handful of months.

NIU Price at posting: 0.5¢ Sentiment: None Disclosure: Held
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Ann: Niuminco completes $600,000 Placement, page-7

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