NIA - Niagara Mining

[Uranium]

Goodmornig everyone,

NIA has been holding well so far and seems to be a resilliant stock. Does anyone hold or care to comment?

Dom

 

[Taurisk]

Hi

I have just bought back into NIA - made a short-term profit last month. Now I'm back in for long-term. Andrew Forrest is going to be on board from June, and that in itself is a driver for the share price IMO.

Good Luck

Taurisk

 

[Uranium]

Hi Taurisk,

Could you please tell me a bit of background information on Andrew Forrest. Because this stock seems to be going one way at the moment, he must be good.

Dom

 

[Uranium]

Hello,

Apparently there was an article in the west australian about oxiana on the prowl for nickel companies as it is in high demand in china and that NIA may be on its shopping list. But do your own DD.

Dom

 

[Fab]

Hello,

Apparently there was an article in the west australian about oxiana on the prowl for nickel companies as it is in high demand in china and that NIA may be on its shopping list. But do your own DD.

Dom

Shouldn't they try to buy company like AUZ instead as they are already producers and much cheaper than a non-producer like NIA

 

[Uranium]

Hi Fab,

Not 100% sure but this article was in the australian p46 financial review.

"Now that Andrew Forrest has amassed a $2.2 billion paper fortune and has become one of Australia's rich elite thanks to the rise and rise of his WA iron ore hopeful Fortescue Metals, it must be tempting to take some of the money off the table.

...Certainly if the talk is right and Forrest has attracted James Packer onto the share register of his other plaything, Niagara mining, Forrest now has quite an exclusive following."

If it has some truth about James Packer in the share registry this would explain the huge climb on the charts for this baby.

Cheers

Dom

 

[Taurisk]

Hi Taurisk,

Could you please tell me a bit of background information on Andrew Forrest. Because this stock seems to be going one way at the moment, he must be good.

Dom

Hi Dom
Andrew ("Twiggy") Forrest has made quite a name for himself; he is a descendant of 'the Forrest Family' who were part of the elite here in W.A. - fallen on bad times and Andrew seems determined to resurrect the family fortune. He had one abortive venture many years ago, also with a nickel mine, but the price of nickel went down, so it wasn't all his fault. The press gave him quite a hard time when he first started up Fortescue Mining, but it progressed nonetheless to the company it is now, using a lot of overseas investors as well.
He is also involved with MOL (Moly Mines).
NIA - Niagara - has taken up the old Ni tenements in 'Windarra' of Poseidon fame. In NIA, I think, he is only stepping in in June of this year.
I see now from the latest posting here that James Packer is interested in this particular venture as well. But the involvement of Twiggy Forrest alone is good enough for the majority of investors.

I hope this helps, but please DYOR - it's all on the net somewhere in greater detail than I can give from memory.

Cheers

Taurisk

 

[Taurisk]

Hi Dom

I hope this helps, but please DYOR - it's all on the net somewhere in greater detail than I can give from memory.

Cheers

Taurisk

I have just checked a German stock forum and there Andrew Forrest is touted as the new giant in Australian commodity stocks; they also refer to the announcement on the Niagara share site;
for aussies;
http://www.niagaramining.com.au/

is as good a website as any to check on NIA; of interest is particularly the last ASX ann

Taurisk

 

[jmclean1]

Niagara is running hot at the moment. In my opinion it has run up way to quick and I am looking for a small drop down to around $.90

Good luck to all those currently on board.

 

[chops_a_must]

Hi Dom
Andrew ("Twiggy") Forrest has made quite a name for himself; he is a descendant of 'the Forrest Family' who were part of the elite here in W.A. - fallen on bad times and Andrew seems determined to resurrect the family fortune. He had one abortive venture many years ago, also with a nickel mine, but the price of nickel went down, so it wasn't all his fault.

In WA, "twiggy" is treated with a great deal of suspicion and thought of as a criminal by many. Various people that have had to deal with him professionally, regard him as one of the dodgiest people in the business.

 

[Brujo]

In WA, "twiggy" is treated with a great deal of suspicion and thought of as a criminal by many. Various people that have had to deal with him professionally, regard him as one of the dodgiest people in the business.

Don't be shy, chops-a-must! Tell us what you really think!

 

[Brujo]

Somebody I know was doing some contract work for FMG in Perth. When Twiggy came across her somewhere in the office apparently he just looked at her and asked "do I need to know you?". Speaks volumes about the guy.

 

[daaussie]

NIA at $1.02 - great day trading stock, very powerful and no sell depth stops it! I havent seen a stock like this in a while. Some people with very big pockets buying it.

 

[Ruprect]

Looked like there was some resistance in early trade at 1.05, 1.5million shares on offer. It looks like they were taken out in one big hit.

 

[Taurisk]

In WA, "twiggy" is treated with a great deal of suspicion and thought of as a criminal by many. Various people that have had to deal with him professionally, regard him as one of the dodgiest people in the business.

Hi chops

I am only a small-time investor/trader, but many years ago (early 80s) I've had some experience working in a solicitor's office where a number of small mining companies were run from. In those days I had no idea about the workings of the stockmarket, but I was aware that the geologist turning up at my computer every 3 months to dictate a report to the stockmarket hadn't been out of town at all, and here he was spouting assay results. What I realised then was that the stockmarket is easy pickings, especially in good times, and many companies are de-listed and their entrepreneurs are never heard of again. Andrew Forrest tried again and look, he is successful.
Also, what do we really know about the past of the many people who run those small mining companies? Do we want them to be upstanding citizens, with perfect manners, or do we really mind, if they're rogues, so long as they have the capability to turn their piece of dirt into a productive company; or at least drive the share price up so we can make our small profits?
If you have only ever known just one ex-miner who has a tenement (usually a gold mine), then you know what kind of shenanigans they get up to in order to part people from their money.


Cheers

Taurisk

 

[Techbuy]

Hi chops

Do we want them to be upstanding citizens, with perfect manners, or do we really mind, if they're rogues, so long as they have the capability to turn their piece of dirt into a productive company; or at least drive the share price up so we can make our small profits?
If you have only ever known just one ex-miner who has a tenement (usually a gold mine), then you know what kind of shenanigans they get up to in order to part people from their money.


Cheers

Taurisk

I like your reply Taurisk, I held NIA for over 8 years and could not see me ever recovering my outlay as they cruised along well below what I bought them for and then along comes "Twiggy" and I make a profit so I say what ever his past good luck he bailed me out.
But! at the end of the day I am surprised when you look around at company which has a new plant coming on line (commissioning now) will be fifth biggest diamond miner in the world so the price drops from around $2.00 to $0.72, They already are producing and doing well, then another one who actually is mining and paying dividends at a SP $0.62 and many of the other miners that are actually producing the goods and trading well below NIA.
So how does NIA go to a $1.00 with only reports of what they are going to do and one person getting involved? Is it because someone said "Posidon" as thay are in those workings and then everyone goes GaGa over the old "Posidon" SP. The share market is an interesting place thats for sure, defying logic at every turn.

 

[spooly74]

Did anyone see in the SMH Weekend business today that Forrest is thinking of changing the name to Poseidon Mines ...surely thats worth a tick or two.

Sorry if old news.

 

[Techbuy]

Does onyone know anything about NIA's leap to $1.40+ today, I cannot find any news that would account for it.

 

[tayser]

I'd like to know as well - this is one I'm just paper trading - jeepers creepers what the flapjack's is going on?!

that's an insanely large jump today!

 

[Techbuy]

Does onyone know anything about NIA's leap to $1.40+ today, I cannot find any news that would account for it.

It has gone to $1.70 and still going up.. Poseiden all over again?
One of the markets interesting one's. Sad I sold out a long time ago...