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Gunfight at the O.K. Corral, page-11

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Power10

341 Posts.

69

20/07/18

23:36

Post #: 34489446
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Originally posted by DealLooker ↑

And the current market SP is $0.015, RI at $0.002, who knows how many shares are up for grabs? Terrific deal for RI takers ... IMO I think NOT!

Maybe some are seeing the light - continued dilution on the back of promises to drill May River and Bolobip, and to provide a JORC Resource/Reserve Statement for Edie Creek - now that would surely have to make the SP rise, so in they get - time passes by - where's the lab results, wheres the JORC Statement, Qrtly comes out, bank balance below $5k, related party debt increases, where did the money go - maybe in the excavation

Pilot plants are test plants, what exactly is Dick Tracey and the Professor actually "piloting" here, sounds to me like a "small" operating plant - throw in some dirt (don't know what's in it) and hope to produce Au - I know they are trying to work out how to become Midas!!! If it ain't in the dirt you ain't gunna get it! No drill data to guide extraction = dirt in and a little bit of hope.

Me thinks the vultures are circling, a serious cash injection via a CR will mean a very large issue and substantial dilution at current SP, there has to come a time when reality hits the road. Is this thing truely sustainable or is it as @FixItDad indicated a good tax deduction for Dick and the Professor - after all Dick continues to convert his dues every year, so there is no cash stream from NIU for him!

I am betting that an announcement about use of funds was to pay off debt (e.g., current wind-up application) and then same old same old - no money for drilling or operations or maintenance or equipment or...

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that's a very interesting interpretation of history- and viewed from a certain cynical perspective could easily and undoubtedly bring tears to many existing shareholders

an absolute disgrace.. continual mgmt f@cku+s - no doubt about it..!!

so lets just assume that whilst its raining,, through all the misadventures, disasters, screwups and downright skulldggery -- heaven forbid,, the sun should actually come out (dt may actually have organize/negotiated something worthwhile..)

that would produce the most colourful rainbow-- benefits of multiculturalism--

hopefully i don't have to explain that which resides there...

GOLD..!!

ONE great Big massive pot FULL of GOLD..!!

we all got our reasons for being here or not...but highly prospective country with rivers of gold is good enough for me.

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