Australia's largest stock trading and investment forum Australia's #1 stock forum

NIU

Click for more information

0.00%

2.0¢ niuminco group limited

Excuse my ignorance but to me it means that NIU is not asking...

First 21 Last

Share
Profile

Follow
imperatore

3,220 Posts.

259

15/09/16

07:58

Post #: 19164443
Share

Originally posted by BenDavies1 ↑

The Cap Raise is for the repayment of the loan to TNT mines

"- The major shareholder, Numinco Group Limited has resolved that they will not call for repayment of the loan of $615,484 which is payable to them as at 31 December 2015 for the next twelve months from the date of this half year financial report.

- Numinco Group Limited intends to provide additional funding if required.
- The directors have prepared a cash flow forecast, which indicates that the Group will have sufficient cash flows to meet all commitments and working capital requirements for the 12 month period from the date of signing this half year financial report.
- Based on the cash flow forecasts and other factors referred to above, the directors are satisfied that the going concern basis of preparation is appropriate."

Expand

Excuse my ignorance but to me it means that NIU is not asking TNT to repay therefore is TNT that owns money to NIU (major share holder btw) so does not make any sense to have have cr for the reason you mention. Am I confused ?

NIU Price at posting: 0.8¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

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

BHP

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

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

I88

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

Bitcoin investors need to know the risks

NIM

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

MDI

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

IMM

Immutep reports strong response rate from immunotherapies treating carcinomas

AII

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

SKS

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

There are more pages in this discussion • 22 more messages in this thread...

First 21 Last

Add NIU (ASX) to my watchlist