NIU 0.00% 2.0¢ niuminco group limited

Ann: Renewals of Exploration Licences Not Granted, page-22

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 13,628 Posts.
    lightbulb Created with Sketch. 4845
    You are ignoring the fact that they have been able to survive on the smell of an oily rag for ages now. There are still shares available at 0.002 from a previous raise that can be used - and have been - to keep the place running. So no need for a "another" raise at this time.


    Its all about risk/reward. You have a different view of this ratio than those of us investing here. But "your opinion" of the company going broke is still not supported by any evidence. Whereas a few calculations based on likely tonnages and grades supports the view that the break even of 80g/day can be easily exceeded. 


 
watchlist Created with Sketch. Add NIU (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.