Ann: Northern Minerals enters into $30M equity funding agreement-NTU.AX, page-24

Short memories here:

"Final $1M received from $5M convertible note facility
Highlights
 Final instalment of $1M received from Jien Mining.
 Completes $5M convertible note facility, forming part of $49.5M funding partnership.
 Jien Mining begins review of Definitive Feasibility Study."

http://hotcopper.com.au/threads/ann-final-1m-received-from-convertible-note.2480352/#.V6QOGfl95hE

Of course that had to be converted to confetti just a few months later, just before they baled:

http://hotcopper.com.au/threads/ann...rtible-note-into-equity.2630420/#.V6QPWvl95hE

The Q is, will the Chinese coal company find anything more substantial in the Definite Fantasy Study than the Chinese nickel company, other than a toll MOU with a Japanese separation company?

Interesting to note Jien signed up while DyO price was still being artificially maintained circa 2050 yuan, and the coal company is going to take a punt with it off the scale at 1214 yuan currently: