Sorry I forgot the Positives......er, .....ummm....er ....strike...

First 41 Last

Share
Profile

Follow
sydshare

2,025 Posts.

18/11/17

17:12

Post #: 28919561
Share

Originally posted by sydshare ↑

Don't want to rehash what you guys already know but my main points are.
NEGATIVES

Last Q they produced 51 ounces of gold and 48 ounces of silver raising $81,000. My wife has that in her jewellery box. They have $2,000 in the bank and projecting cash burn of $740,000 next Q so they desperately need to add a zero to their last gold/silver production. Note , Tracey says they are confident of exceeding last production...should bloody well hope so.

This latest Rights Issue raising $1.2 mln...a good chance there will be a shortfall but thank God SP didn't fall under 2 cents -maybe Tracey & directors were buying more there as support?
Money raised with $480,000 paying off director loans, $200k on a 2nd hand excavator and $200k on exploration, I didn't know binoculars cost that much. You guys are just paying back the directors.

They also say they may(read will) need to raise further funds...no wonder the Auditor treats them as a "going concern."
Relying on one project, Edie Creek these guys are certainly a one trick pony , trick being the operative word.
Got the wet season now until March and 14 months later still no mains power so these guys really need to pull something out of their ass.

Monday Ann' will be key then on 24th trading in new shares starts. If they can hold above 2 cents then there is hope but hope áint a great trading strategy.

IMO would rather be in Mincor...jeez that was 90 minutes of my life I can't get back..... that was just for you Speccy. Now I see why you prefer trading FX.

Expand

Sorry I forgot the Positives......er, .....ummm....er ....strike monster gold mine?

NIU Price at posting: 0.2¢ Sentiment: None Disclosure: Not Held
3 Upvote

0 Great analysis

Reply

Top Stories

NIM

Nimy to raise $1.21M to explore 'newsy' WA targets

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

MDI

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

BHP

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

AII

Almonty locks in govt agreement for tungsten oxide plant in South Korea

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

ASX hits all time high out the gate on Friday trades following bullish US inflation data

SKS

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

Bitcoin investors need to know the risks

IMM

Immutep reports strong response rate from immunotherapies treating carcinomas

There are more pages in this discussion • 26 more messages in this thread...

First 41 Last

Add NIU (ASX) to my watchlist

Sorry I forgot the Positives......er, .....ummm....er ....strike...

Top Stories

Nimy to raise $1.21M to explore 'newsy' WA targets

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Almonty locks in govt agreement for tungsten oxide plant in South Korea

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

ASX hits all time high out the gate on Friday trades following bullish US inflation data

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

Bitcoin investors need to know the risks

Immutep reports strong response rate from immunotherapies treating carcinomas

Featured News