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2.0¢ niuminco group limited

TNT is owing the money to NIU not vice versa. NIU is majority...

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14

15/09/16

08:16

Post #: 19164719
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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."

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TNT is owing the money to NIU not vice versa. NIU is majority owner of TNT by the way.

Can we keep this thread for TA/Chart discussion please and general discussion to the other NIU threads.

Thanks.

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