It is strange when NIA is sold off just because the placement in...

It is strange when NIA is sold off just because the placement in US did not go ahead while NIA's business is still intact with high prospect projects and Nickel price is high. Besides, NIA manages to raises $ 1.4 M at 0.38 with Oz investors, so they have some cash to keep their head above the water for a while.

Another theory is : Some big financial institutions knows NIA needs to raise fund, they bought NIA big, then selling big to put pressure on the sp. When NIA sp falls significantly to some points, they will come to see NIA's management to offer finance, buying NIA shares at very cheap price.