Chinese will take the lot, it was always going to end up this...

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goofy

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12/12/18

08:14

Post #: 36827527
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Originally posted by kittyboomboom: ↑

It's certainly looking as though it may be terminal, any week now I would expect receivership to begin, no way on the planet it can get to the point it can release the half year as no auditor could possibly sign off on it, decision will have to be made as soon as auditors first lay eyes on the books, be very interesting to see who comes up with the resource.
I'm downgrading my sentiment to sell based on still not having sold any product, cash not coming in from anywhere, should have started receiving cash by now on sales, to receive cash quickly they may be able to sell product at a discount to receive faster payment terms but that wont help.
There is one of two problems at least, probably both:
1- production has still not been achieved
2- can't sell the product

Ps: I have assumed both problems exist as no "price sensitive announcements" have been made.

Pps: the fact they released this as "price sensitive" shows how desperate they are becoming:

Release Date: 03/12/18 09:55
Summary: NTU reaps benefits from exploration at Dazzler and Iceman
Price Sensitive: Yes
Download Document 1.52MB

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Chinese will take the lot, it was always going to end up this way just took longer than expected. The announcements justify the pump and dumps. There is nothing price sensitive or even remotely positive about it yet they still manage to find suckers to offload their shares onto every time. Unless of course you are “ sentiment” trading like one extremely deluded individual claimed recently, then you make a motza regardless of SP direction.
NTU Price at posting: 6.1¢ Sentiment: Sell Disclosure: Not Held
2 Upvote

1 Great analysis

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