Ann: Niuminco completes $600,000 Placement, page-90

In defence this company is still sticking to the main goal of becoming cash flow positive and have finally pushed the issue that bigger is better... if the is another cap raising ill be reducing substantially.
As for activities it is hard to do with out cash and especially when the cash you are using is for wages and infrastructure.
Also the short term SP were all looking for will come off the back of the plant producing gold..
Assets and proving are the last thing we need at this current time as we have seen no body cares.
MARKET will only react to this and the only potential for a re rate for new and current assets tin gold copper leases ect will only come off the back of a proved cashflow positive company.
Which will come in due time.
The potential for a 5 bagger ect is gone here imo 1.5 2c max in the mid term no matter what as we have alot of new skin here and some huge dumps to come but in saying that you have to pump to dump so pick your exits!
Thanks for the laugh to FID