Ann: Niuminco completes $600,000 Placement, page-5

That's quite a pessimistic view, I don't think their target is only a 0.1cent gain, I mean it would be very difficult to sell all 150,000,000 at 0.5 or even 0.6cents.

Let's not forget that Niuminco is actually a solid company and the placement investors could very well be in it for the long term & to see their options at 0.7cents be converted.

I have faith in our management, but I did notice at the AGM that they were quite old. They were a bit slow in their talking & therefore probably not the best at cutting deals (for example, a younger management team may have been able to raise money at a higher price IMO)