NIU 0.00% 2.0¢ niuminco group limited

Ann: Quarterly Activities Report, page-10

  1. 13,113 Posts.
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    The qtrly cashflow doesn't read like a dream but it must be put into perspective. The balance sheet is the cleanest it's been in a very long time.

    On the back of continuous raises at the expense of longer term holders at higher levels, the plant is consistently doing volume it was never capable of in the past, and the machinery has been updated, the convertible note extinguished along with many other debts.

    This is the best position the company has been in for a very long time yet it doesn't read like that on paper, for now anyway, and when it does this will be over 1c and in distribution mode.
 
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Currently unlisted public company.

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