Have been in contact with Tracey and thought I'd paste to thread- as there is definitely some hope going forward.
Hi ####, Thanks for your continuing interest and support. Alive and kicking, and still working hard on that rabbit! I hope you are checking the ASX announcements on the ASX website which will keep you informed of “progress”, with further releases due next week. The “possible corporate or commercial transaction” referred to in those releases is taking longer than envisaged (largely due to ASX delays), and ASX require some further actions on our part prior to re-quotation. We have paid the ASX annual listing fees for the year ahead, so delisting is not on the agenda. Edie Creek has a new mine manager as of last week – a very good PNG national who was with us from 2012 to 2015, and we are again gearing up for production after none for the past 4 months. The equipment we recently purchased from Harmony’s adjacent Hidden Valley Mine is ready to be put into operation and we hope to take advantage of this very good gold price (US$1540 this morning). Kind regards, Tracey Lake Managing Director
NIU Price at posting:
0.1¢ Sentiment: Buy Disclosure: Held
