It’s going to be a little while before this moves, once AMG has been flushed out of all there holdings then it is go time
I have been continually accumulating on market to try and speed up this process - I’m contemplating grabbing another 10m on market as I type this to add to my already large holding (30m+ atm)
Your spot on though - <$5m market cap for a gold producer with some serious land + big ramp up in production incoming.. this should be worth at least $10m you would imagine, however AMG have been holding NIU back
AMG have roughly ~190m shares to sell before they are entirely out - hopefully some newsflow is generated to help them out
I am more than happy buying at this level - zero downside, relatively easy to build up a large position and we are entering crunch time for NIU where we should start to see some movement north with the share price due to the hard yards Tracey & co have put in getting NIU to the stage it is now
NIU Price at posting:
0.2¢ Sentiment: Buy Disclosure: Held
