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2.0¢ niuminco group limited

Ann: Niuminco completes $600,000 Placement, page-11

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goldscraper

3,852 Posts.

190

12/01/17

10:46

Post #: 21841667
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Originally posted by goldscraper ↑

Nice quick injection to keep the ball rolling.
Shares to be released around the quarterly. Watch the pump.

Not happy with more dilution, however in the current environment.
1/ Someone wanted to make the money available, and saw the potential value.
2/The company moves toward good results, and keeps the doors open.

The raise/issue in not underwritten, so patto's??, will get a fee for this one.
So 150,000,00 X $0.04 = $36000 X 1.1 = $39,600 costs for the raise

Expand

I forgot the 6%.
Too many kero's last night, and not enough coffee this morning.
So cost of raise is!
$150 mil X $0.004 = $600K
$600K X 0.06 (6%) = $36,000
$36,000 X 1.1 (10% gst) = $39,600

Last edited by goldscraper: 12/01/17

NIU Price at posting: 0.5¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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