ELE - Elmore Ltd

[Birdster]

Re: NSL - NSL Health

And here come the traders, it will be interesting to see exactly how NSL plays out this time,

However this maybe due to the update re the Indian Ore project, but as per the last announcement I thought it wasn't due till the end of Feb

Well bring on some news

Ann has been out since last week. Wonder where the interest today is coming from?

Holding and is my pick in Febs picking contest!

 

[Scuba]

Re: NSL - NSL Health

***EDITED***
Well bring on some news

Posted on the Australian website 4th February YT; Iron will for India
According to Commsuc course of trades,the frenzy started late in the morning?

 

[mick2006]

Re: NSL - NSL Health

Ann has been out since last week. Wonder where the interest today is coming from?

Holding and is my pick in Febs picking contest!

For those that read the daily assay column in the Australian, they did a story on NSL and their change of company direction. My guess is that is why we are seeing the increased interest today.

 

[Birdster]

Re: NSL - NSL Health

Thanks Mick

I didn't. And for those besides me who didn't as well;

Iron will for India
Kevin Andrusiak | February 04, 2008

IT'S official, every man and his three-legged, flea-bitten, cross-bred dog is getting on the iron ore bandwagon.

That might be a bit harsh, given what we are about to say next, and Daily Assay wishes to retract any inference at all that NSL Health is an impure breed of a company.

We just have no idea what the company is about at all. For all we know, NSL Health is a promising junior firm, out there to do what everyone else is doing: make money out of the resources boom.

But we would imagine it was not just Daily Assay rubbing its eyes in a bid to seek further clarity when we saw the announcement that NSL Health is getting closer to applying for a mining permit to cover a proposed iron ore project in India.

That’s right, it is the same NSL that holds the rights to, and distributes dental technology products for, dental implants through the exclusive licence of the DenX technology in the Asia Pacific region (excluding Japan).

That’s about the only thing we know of the Perth-based company after looking up Bloomberg records. Maybe NSL’s website would have helped, but that’s not up and running at the moment.

At least not when we looked.

Anyway, down to the brass tacks, or the iron ore knobs, as we like to say.

The tooth specialist said on Friday that it has further rock-chip samples awaiting assay from its Indian Iron Ore Project.

There’s about a billion jokes Daily Assay can think of about India, teeth and rock-chip samples, but there’s no way we are going there. We barely survived the intense scrutiny of the KGB in the 1980s, and we have no intention of picking a fight with the Board of Control for Cricket in India.

For the record, NSL Health has an option to acquire a 25 per cent interest for the iron ore project in Kerala, India.

Dental equipment seller NSL Health is getting into the business, with an option over 25 per cent of the Kerala project, where previous rock chip samples have shown the potential for magnetite and hematite ore.

“Assay grades returned show excellent potential when compared to global averages for magnetite iron ore,” NSL told shareholders in December, after a brief forage over the 6km strike at Kerala last year.

NSL and its joint-venture partner Austind Iron Ore are now applying for mining permits over the project after Austind raised $10 million last year. Austind is in the process of raising another $11 million to fund land acquisitions.

They will use that money to buy up to 1000 acres of land around Kerala, after agreeing to extend a deadline to the end of February after which both parties have to agree to move ahead with the joint venture.

“Austind has advised that the legal opinion will be received in the next two weeks, following which NSL would be in a position to declare the joint venture unconditional,” company secretary Sean Henbury said.

So watch out for any movement in coming months about a $5 million battler from Perth called NSL Health. Who needs teeth when there’s an iron ore boom on at the moment?

And really, what can be so wrong with trying to build an iron ore project in India? Surely it’s a case of taking the ice to the Eskimo.

andrusiakk@theaustralian.com.au

 

[STRAT]

Re: NSL - NSL Health

Hi fellas
If that article is the reason I would have expected action from open as the article is dated yesterday but the action only got started just before 11am

 

[Scuba]

Re: NSL - NSL Health

Hi fellas
If that article is the reason I would have expected action from open as the article is dated yesterday but the action only got started just before 11am

Hi Strat,
Commsuc was abnormally slow in showing info this morning.
1 CS course of trades (objectivly) didn't match depth and course of trades until around 1120 csdst...
2 Stockness course of trades shows early trading steady then building.
3 Yahoo day graph showed bottom at around 1020, then gradual rise with plateau from 1115 to 1145?

FWIW looks like a little new interest even though there's alot of crossed trades...

Comsec percentiles on NSL still don't match either...?

 

[nioka]

Re: NSL - NSL Health

This is the way I see todays trading: Someone decided to get into or increase their holding for a reason we can only guess. They entered the market around 11am and traded as per availability until they got their quota, probably by 11.20.This gave us the price increase which in turn encouraged other traders and investors. The buying was not sustained, probably by profit takers out numbering buyers and the price slipped back. It does show that there is interest in this stock and if there is good news from assay results then we can expect to profit if we are holders. I'm holding a few in hopes, it is a spec after all.

 

[STRAT]

Re: NSL - NSL Health

Thanks Scuba and Nioka, I agree, a likely scenario.

Considering the speculative nature of the stock it has held up well over the last month

 

[Drubula]

Re: NSL - NSL Health

SP moved up on a day when many stocks took a hit as a result from the DOW falling in the US. I think there maybe something in the wind for this movement, maybe an imminent announcement, but that is my hunch and certainly not fact.

Anyone think otherwise?

Drubs

 

[Birdster]

Re: NSL - NSL Health

SP moved up on a day when many stocks took a hit as a result from the DOW falling in the US. I think there maybe something in the wind for this movement, maybe an imminent announcement, but that is my hunch and certainly not fact.

Anyone think otherwise?

Drubs

Quite a few went against the grain today. My surprise was BSL.

NSL's interest, sparked aparently by the article in The Australian paper two days ago, could be having some residule effect. Oh...IMHO of course

 

[moneymajix]

Re: NSL - NSL Health

Looks like some more interest this morning. Up yesterday on a down day.

Fair bit of chat on forums re this stock.

2.5c.

 

[bart]

Re: NSL - NSL Health

Hi ppl, just wondering if everyone is still holding, seems quiet here. Hopefully good news coming soon?

 

[Drubula]

Re: NSL - NSL Health

Holding on this one for long term, but a name change with an IRON ORE relevance would certainly promote more interest in this stock. But having said that take a look at this link as to what NSL may have in store,

http://www.zibb.com/article/2310887/NSL+Health+verifies+mineralisation

If the Iron Ore targetted (325-390mt) is proven, hopefully sometime this year, IMO the SP can only move up.

Good times ahead if all falls into place.

Drubs

 

[Scuba]

Re: NSL - NSL Health

Another posted link/story from Sharescene...

"I found this link on another forum..."

More of the same....

 

[sam76]

Re: NSL - NSL Health

Mate, who cares....

Not everyone's on SS. The link is new to ASF so let it be.

(Not trying to be difficult)

 

[hegemony]

Re: NSL - NSL Health

Hey all,

I hold a few of these, and was just wondering how the 65% increase in iron price I read about might affect share price of NSL. Or, is it too speculative and therefore it has no immediate effect apart form improving the potential upside?

thanks from a relative noob,
Russ

 

[TheAbyss]

Re: NSL - NSL Health

They would need to come up with something a bit more substantial than some rock chips to benefit from a price rise to something they havent proven they actually have a resource of, let alone their own ability to get IO out of the ground (whch would have to be questionable given their last effort at selling dental products) or transport the IO to someone who wants to pay them for it. They have a three year window to do all of that by the way or the whole IO horizon may have shifted before they leave the blocks.

Having said that you could trade NSL quite a few times before they do any of this and make a tidy return.

 

[LRG]

Re: NSL - NSL Health

Hello YOUNG TRADER

You have not posted anything about NSL for quite a while. I am a bit unsure as too how long i will hang on. I am wondering if this really is just a "penny dreadful".

The latest ASX announcement says they are extending and reporting end of feb 08.

I hope this is positive news and the sp gets a kick cause it is pretty flat with low volume at the momment. I still am behind on this one having purchased at an avge around 2.9cents.

Then again I'm behind on others too due to the correction we had to have in markets!!!

 

[Scuba]

Re: NSL - NSL Health

LRG, have a read of the thread and follow the links to the other sites too... With regard to management being new, NOT the management that drove the dental biz into the red... It's a spec, but has quite good prospects, spend the time and read...

 

[Sean K]

Re: NSL - NSL Health

Yes, news will come in slowly for this stock. It hasn't got 15 projects all running simultaneously, and will take some time to get up and running. I highly encourage people to make the most of the telephone and speak to management of companies such as this. Due to their size, they would be more than happy to accept calls from investors who want the most up to date information. Well, should be anyway! Give them a bell...