NIA niagara mining limited

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  1. 2,379 Posts.
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    I too went to the AGM. Got more out of talking to both Dawes after the meeting than during it.
    Basically they both agree that the price is being held down by stock dumping and feel that it is the stock that was placed to the overseas investors. Seeing the dumping as a form of powerplay after not getting full allocation when the directors considered them to be short term traders rather than long term investors. Both agreed they expected to get some flak at the meeting for seemingly not keeping shareholders up to date more but are lothe to use announcements as a marketing tool until regular good news can be reported i.e. when a capable drill rig can be sourced.

    Fundamentals of this company haven't changed just the timeline is probley 6 months behind where it should be. Cash flow from heap leaching will begin by march 07 which should have been earlier, more drilling should have been done, Ghana should be more advanced and spun off etc etc etc.

    I'm in for the ride, which when it starts should be a very profitable one.
 
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Currently unlisted public company.

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