Gunfight at the O.K. Corral, page-18

First 18 Last

Share
Profile

Follow
Round2

539 Posts.

45

23/07/18

11:31

Post #: 34516992
Share

T

Originally posted by DealLooker ↑

Is there a problem with providing factual and honest opinion on here for others, another side for consideration other than what some are promoting - that all is rosy in this very smelly garden.

This company is full of many excuses as to why it can not / does not ...

This company makes lots of promises it does not fulfill ... (reminds me of a line in a movie "your butt is writing checks your body can't cash")

Significant dilution every year, spins off assets with no return for shareholders, no change to remuneration strategy despite being rejected by majority on three occasions, lack of transparency as to operations and other actions (loss of power - discovered through small print in some announcement not even related to power, at least twice the company has received winding up notices - these only occur after ignoring (i.e. not responding) to notices of demands and then a formal statutory demand)

So why am I here - like most punters here the area is renowned for being rich in Au, the problem IMO is current management have no idea how to successfully exploit it - and with a balance sheet looking the way it is one would have to assume that there are some long-term agreements for repayment in place otherwise the company would be in breach of s588G of the Corporations Act (debts inexcess of $2M with only $3,000 in the bank - simple math really [refer Annual Reports and Capital Raising and Quarterly Reports and responses to ASX questions]

Expand

There's no problem at all. Just as there's no problem with anyone questioning another's motives.

NIU Price at posting: 0.2¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

KOB

Koba, formerly a cobalt player, gears up to become newest explorer in the uranium state: South Australia

Trimmed CPI figure provokes market jump of 1%, but inflation pressures remain a reality

MRC

Mineral Commodities to shut down Tormin mineral sands project as oil spill contaminates beach

1CG

One Click Group jumps 4% after ending quarter with $2.4M in cash; $1M in revenue and 150K+ users on board

MGU

New results confirm Buena Vista's iron grades potential

First 18 Last

Add NIU (ASX) to my watchlist

Gunfight at the O.K. Corral, page-18

Top Stories

Koba, formerly a cobalt player, gears up to become newest explorer in the uranium state: South Australia

Trimmed CPI figure provokes market jump of 1%, but inflation pressures remain a reality

Mineral Commodities to shut down Tormin mineral sands project as oil spill contaminates beach

One Click Group jumps 4% after ending quarter with $2.4M in cash; $1M in revenue and 150K+ users on board

New results confirm Buena Vista's iron grades potential

Featured News