NIU (ASX) Ann: Half Yearly Report and Accounts

Originally posted by FixItDad ↑

Thank you - there is more here in this para

"additional capital raising planned for the period can be achieved"
If this happens, the only thing that will hold me here is if there is a second attempt to change the people who have been running it down as the first CR we had was meant to cover the upgrades and drilling of bolobip & may plus eddie and tnt, now with a further 2 added CR and the 4th unofficail CR we had when they dumped our $4.5 million acquisition of TNT that they let go for $750k
(great investment return for shareholders that was-joking in my vomit)

"receipt of equipment to allow the increased production to proceed as forecast."
So Very confused & extremely alarmed - so is upgrade really not complete still waiting for receipt of equipment
Dt is never clear and is deceitful in what is really going on!

The Group has been successful in the past in managing the balances that are owed to creditors by either deferring payments or negotiating a plan in order to spread repayment to accommodate the Group’s cash flow requirements. The Directors believe that the Group will be able to continue to do so until the increased production from Edie Creek and additional capital raising planned for the period can be achieved, upon finalising access agreements to Edie Creek for third party surveys, drilling and receipt of equipment to allow the increased production to proceed as forecast.

A Big must ask question is why our "drill equipment and workers" need to finalize access agreements????????
Some people will get a light bulb moment from this one!

Remember
Next Time!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

FID

Expand

Hello FID,
Just checking in on the Ann.
I think the Muppet's third party reference, may be talking about Mincor's share of the lease.
Settlement was to be deferred over two years. Only guessing.
Was looking for a re-entry point, but the progress reporting is still "50 shades of grey", unfortunately without a prophylactic.

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