Ann: Trading Halt, page-18

Plenty of discussion here re: today's CR. Must say that when it went NR.. i thought of everything but the company asking 4 more money.

Just 2 clarify a few things..
The underwriters ( patos ) didn't get any stock as SH took it all up.. and were told 2 come back after Xmas..

Mgmt wont/can't participate in this CR.

Yes.. it has been wet, and roads r not in the best conditions in PNG. Still needing to collect fuel.. this issue should b dealt with soon.

Drilling is ongoing.. ( on many fronts ) and results due. Imo.. they will continue 2b of similar great quality as previous.

Drilling higher grade tin atm.. and working towards a resource as we know. Can only hope when news comes.. that the market is interested..

As for the dribble at 0.5 -- I've collected "lots" but would seriously doubt any of those getting stock would have been selling... as they need 2 have it first to sell.

Investors can always queue up at 0.4 -- but that's simply been wishful thinking -- in the past month anyway.
As for what happens next.. my guess is those getting stock wont sell it for a pip or two.. but hopefully for a couple bags.
The benefit of the machine upgrades.. through-put and thus cash-flow and profits is what we all have to look forward to.

Company also has a plan for tin.. an asset that clearly is not recognised in our current MC.. - a work in progress.

I dare say that this CR will see and set the low for NIU..
Sophisticated investors have timed it well, but we'll all benefit.