They have raised $2.6m from market last 16 months......with...

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specgoldbug

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25/01/18

22:43

Post #: 30583309
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Originally posted by Kiandra ↑

Gotta agree.

Considering all the crap that has gone on with this company lately I would like the new board to:
State their common goal is what is best for NIU (that is all shareholders of NIU, and that they will all work together cooperatively to that end with smiles),
sort out personnel issues both here and PNG,
make a plan to progress mining, processing and security (including, for f-sake, the power line) i.e to generate some cash flow,
make a plan for progressing exploration,
announce the plan for all to see and read and keep we long suffering shareholders informed of progress,
and if they can get that far, ruthlessly progress the plan, even if that means relocating themselves to one of those 200 dongas in the deep J of PNG!

No idea what is left in the kitty, but I suspect not much. So I presume some sort of fund raise is needed.
Reluctant to call it a cash raise, with shares trading at $0.002. Do they have anything to sell?

Now if they can do that, I can't see why the share price could not be restored to decency.

Best wishes to all holders and DYOR.

Kiandra

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They have raised $2.6m from market last 16 months......with significant dilution to us poor long termers

no more chances.....I hope/am almost certain they know this...time for production to self fund...and bloody explore what they have......they should have the equipment they need by now one would assume....

NIU Price at posting: 0.2¢ Sentiment: Hold Disclosure: Held
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