Where to is a good question.
IMHO the positives are Management shakeout, drilling rigs, less number of shares on issue, nickel production immanent(?)
BUT going by todays SP, the options package is too lower hurdle for the new management team.
AND the consolidation has me confused.
If say you buy 1000 shares today say @0.50c and the consolidation goes ahead, then you will only have 500 shares. But the SP has to goto $1 else its just robbing the shareholders.
The company made no statement about buying the shares back in the consolidation process.
Another takeover - i don't see it in the short term if Forrest has just taken control (via exercising options).
I'm getting more uncomfortable holding and a profitable exit today is appealing.
NIA
niagara mining limited
