Australia's largest stock trading and investment forum Australia's #1 stock forum

NIU

0.00%

2.0¢ niuminco group limited

. . Guess what folks, DeadLooker is back. They've let him out...

First 12 Last

Share
Profile

Follow
EnsorDoone

788 Posts.

64

01/09/18

01:14

Post #: 35342723
Share

Originally posted by DealLooker ↑

So, an interesting couple of days of announcements:

28 August - NIU receive "show cause" notice from ASX
29 August - NIU announce "positive" news to market (good butter up there! not reflected in SP though)
31 August - NIU answer ASX notice
31 August - NIU announce loss of 2 high potential assets 'Bolobip' and 'May River'

Dick Tracey must be looking for a way to cool down his office about now (IMO)

Last year the Professor and Dick Tracey discarded TNT Mines (IMO - DYOR and calcs) at a huge loss, in the process writing off a fair chunk of debt that was owed to NIU, and to top it off Shareholders got NOTHING!

In less than 12 months there have been 2 Wind-Up Applications made to the Courts, one settled from proceeds of TNT and the second from the recent CR (conversion, dilution, etc.);

A declaration of a significant 'debt' and now surprise folks a refinance agreement that was not disclosed to the market, another continuous disclosure trap potential (IMO - DYOR)

The loss of tenements typically results because one failed to comply with the obligations, mostly expenditure and community, for how long has the CR story been related to the "never occurring" drilling at Bolobip and May River, exactly "the never ending story"

Last year was the third year in a row that shareholders voted AGAINST the remuneration report, three years in a row the Board ignored the message, what pain are they going to take for losing these tenements?

Sorry folks but I have to bring in three quotes from tv shows now...

1. Porky Pig - (I can't spell the starting bit but) ... 'That's all folks!'
2. Big Brother - 'It's time to go ... (the necessary 3 second pause) ... Board and Dick Tracey"
3. The Apprentice - 'Board and Dick Tracey ... you're Fired!'

Expand

.
.
Guess what folks, DeadLooker is back.
They've let him out for the weekend, apparently.
.
.

NIU Price at posting: 0.1¢ Sentiment: Hold Disclosure: Held
9 Upvote

2 Great analysis

Reply

Top Stories

FHE

Frontier Energy achieves key milestone for Waroona energy project

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

SBW

Shekel Brainweigh CEO Nir Leshem weighs in on AI adoption ahead of FY25

Plagues precede widespread power shifts. We’re living in one – and minerals are at the fore

RDN

If you thought lithium was dead, think again. The Pilbara will be central to the next upswing

There are more pages in this discussion • 15 more messages in this thread...

First 12 Last

Add NIU (ASX) to my watchlist

. . Guess what folks, DeadLooker is back. They've let him out...

Top Stories

Frontier Energy achieves key milestone for Waroona energy project

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

Shekel Brainweigh CEO Nir Leshem weighs in on AI adoption ahead of FY25

Plagues precede widespread power shifts. We’re living in one – and minerals are at the fore

If you thought lithium was dead, think again. The Pilbara will be central to the next upswing

Featured News