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NIU

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2.0¢ niuminco group limited

Ann: Annual Report to shareholders, page-7

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goldscraper

3,764 Posts.

186

04/10/17

16:48

Post #: 27659127
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Originally posted by FixItDad ↑

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

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FID.

I am definitely not tingling with anticipation, on the quarterly. Have managed to average down to around this SP level though.
As you say. They need a result as much as we do now. Self interest can work miracles.

This mob could start their own political party. The news is just as vague and informative.
Pity gold was not produced from hot air, we would be multi millionaire's by now.

NIU Price at posting: 0.3¢ Sentiment: Hold Disclosure: Held
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