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

Doesn't the current management own most of the company?I'd be...

First 6 Last

Share
Profile

Follow
mikejh

119 Posts.

2

28/02/19

10:27

Post #: 37598932
Share

Originally posted by Qwerty1992: ↑

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.

Expand

Doesn't the current management own most of the company?

I'd be happy just not to lose the money I ve put into it at the moment.

NIU Price at posting: 0.1¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

KOB

Koba, formerly a cobalt player, gears up to become newest explorer in the uranium state: South Australia

1CG

One Click Group jumps 4% after ending quarter with $2.4M in cash; $1M in revenue and 150K+ users on board

Trimmed CPI figure provokes market jump of 1%, but inflation pressures remain a reality

MGU

New results confirm Buena Vista's iron grades potential

MRC

Mineral Commodities to shut down Tormin mineral sands project as oil spill contaminates beach

There are more pages in this discussion • 15 more messages in this thread...

First 6 Last

Add NIU (ASX) to my watchlist