NIU 0.00% 2.0¢ niuminco group limited

Plenty of discussion here re: today's CR. Must say that when it...

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  1. jj2
    1,735 Posts.

    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.
 
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