It really looks like the directors are wanting a cheap share price to buy a bigger market share imo, so I’m still concerned.
Imo they should consolidate the share price 5-1 and do a raise, although I’m still confused on why they need a raise at this point.
They can expand after they have proven that they can get gold out of the ground, another raise is going to just dilute everyone’s market share. Before they put that raise out I was just about to buy another .25 percent, at that point I sold .67 percent, so my faith as gone in this company.
All i can say now, is we need new management next financial year, although under new management it’s going to take time for the management to make new plans, not to mention they might just do the same thing as the current management.
NIU Price at posting:
0.1¢ Sentiment: Hold Disclosure: Held
