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2.0¢ niuminco group limited

Ann: Quarterly Activities Report, page-3

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Jwpingrid

2,620 Posts.

268

01/02/20

08:46

Post #: 42688024
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Originally posted by col69: ↑

Well the Lenders could have walked away by now given how long this is taking or worse still called in the $603K debt / loans so I guess we can consider ourselves lucky ?

Negotiations advanced with a potential joint venture partner for the Edie Creek mining tenements.

TL must be showing them something good or they wouldn't keep handing out cash IMO ?

I do find it interesting though as we have $8000 in the bank, loan facilities fully drawn down to $603,000 and anticipated spend of $400,000 this upcoming quarter ?

Not sure where all this money is coming from to fund the next quarter, but I guess TL has gold and silver in the vault to sell and a lot of it with that proposed expenditure .... well a lot more than the $43,700 we sold in the December quarter ? lol

GLTAH

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Well .... what’s the point his just making the interest the shareholders need to pay, way more than the gold they could ever dig up. In the mean time the asx is happy taking listing fees and for what?

Last edited by Jwpingrid: 01/02/20

NIU Price at posting: 0.1¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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