NIU 0.00% 2.0¢ niuminco group limited

I can see by the posts there is No Furor in your typing guys -...

  1. 438 Posts.
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    I can see by the posts there is No Furor in your typing guys - let me not fix it and help it along!
    That feeling of flatness and shown in the SP...........

    FUTURE DEVELOPMENTS, PROSPECTS AND BUSINESS STRATEGIES
    The Group intends to advance its exploration drilling programs at May River and Bolobip in coming months. ( Been saying this for over 5 years)
    The Group also intends to continue to further scale up the mining and gold/silver production at the
    Edie Creek mining leases and continue the drilling programs at Edie Creek.
    ( been at it for 12months still not there yet, how do you continue drilling when it's been put on hold, no cash flow - still pissin in the wind? )
    The scaling up includes increasing the mining and processing capacity to a consistent level of
    40+ tonnes per day. (12 months down are we there yet? )
    To assist in achieving this, the completion of installation, commissioning,
    testing and modification of the crushing and grinding circuits is continuing,
    ( still upgrade not completed )
    and additional mining plant is planned to be acquired including up to
    three second-hand bull dozers, a second-hand 40 tonne articulated tip
    truck, one new 6 tonne excavator and one new 14 to 21 tonne excavator.

    A new, larger vibrating feeder is also planned to be acquired.
    ( This confirms it with  more interruptions to production)
    Dont you just Love it!!!!!!!!!!!!!



    If the Directors are unsuccessful in achieving the above plan, alternative measures would be pursued which would include:
    Raising additional equity or debt. The Group has a successful track record over many years of raising new capital from both existing shareholders and strategic investors
    ( done this already three times in 12 months with 2 big screw overs)

    (Based on a snippet of  the report below we just need to triple our production
    with the last 12months of managements track record we better keep our fingers crossed! )


    During the year, the Group has not been able to meet its planned production targets at Edie Creek mine
    of 3 to 5 ounces per day averaging 1.0 ounce per day.
    ( and NIU just need to triple production )
    Fingers crossed Ladies and Gents & good luck to them
    They Need  and so do we the SH


    "Well that's all folks"
    Nothing to see until after xmas........
    second bottom draw  and back to the altcoin world me goes.

    FID
    Last edited by FixItDad: 04/10/17
 
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