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2.0¢ niuminco group limited

Ann: Renewals of Exploration Licences Not Granted, page-23

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bevter

25,726 Posts.

1245

05/09/18

12:41

Post #: 35426643
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Originally posted by kickit2me ↑

Originally posted by Mrbxy
The question is - how long will they be able to keep it going for? They need to be consistently profitable before anyone believes this is a long term viable operation.

Even one or two quarters cash flow positive won't be enough to prove anything, (if they manage to miraculously do that, if i held, i'd think about selling into any spike, as i'm sure they'll be thinking about another cap raise)

Plus there is still some debt & little to no cash
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.

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Once they hit the better grades watch this bag IMO
No problem getting finance for bigger equipment then.

NIU Price at posting: 0.2¢ Sentiment: Hold Disclosure: Held
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