News: NTU Northern Minerals Says Co Entered Into Subscription Agreement With Liu Xiaohua, page-6

  Even adding the $3,000,000 there is still a gap of $4,155,000 for the quarter.


I'm sure NTU will put out an announcement as to whether or not they receive the $3 million by the 8th Feb.  I guess if Liu Xiaohua is happy paying a 30% premium from today's prices, up to them, it's not my money.  If I were flipping in that amount of coin to a company desperate for $'s, I would at least be pushing for some discount.

Now does anyone here believe that the $27 million funding package from back in October will still go ahead.  And now that NTU are willing to accept .06 cents a share, that's assuming the deal goes through, do you think that NRE $25 mill and the sophisticated one $2 mill are going to pay $0.09 - $0.11 

C'mon punters $1,000,000 left in bank end of 1/4 + $500,000 from end of Jan,
Expected cash outflows for the 1/4 $8,655,000
So even with adding the $3,000,000 there is still a gap of $4,155,000 for the quarter.

Every Day That Goes By, The Tanami Desert Dream Is Burning Dollar$, And Lots Of Them!
 
Reality will soon overtake the Dream. imo