ELE - Elmore Ltd

[Drubula]

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...

Well said Scuba and that is what I have done since mid Dec 2007. I hopefully am expecting a busy week trading with NSL. Some announcement is due at end of Feb.

Still is just a speccie at this stage

Drubs

 

[dawi03]

Re: NSL - NSL Health

Yeah, someone call and find out, then post here please? I'm really craving some good news here.

 

[prawn_86]

Re: NSL - NSL Health

Yeah, someone call and find out, then post here please? I'm really craving some good news here.

Dawi,

You are in the same position as anyone else to make a call to the company. You could call and then share with members, rather than waiting for someone else to do it.

 

[dawi03]

Re: NSL - NSL Health

Dawi,

You are in the same position as anyone else to make a call to the company. You could call and then share with members, rather than waiting for someone else to do it.

!#!#!#!#!#!#!#!#
No need to be rude, Im in the US mate so unless you want to pay for my overseas call you do it

 

[Sean K]

Re: NSL - NSL Health

!#!#!#!#!#!#!#!#
No need to be rude, Im in the US mate so unless you want to pay for my overseas call you do it

!! This isn't being rude. Get a skype account, load it up with a few bucks, and call yourself. It's cheaper than local calls.

 

[YOUNG_TRADER]

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!!!

Hi LRG, if you see my first post on this stock I was spot on as I said the following

Hi guys,

Just a quick one to start the thread,

Here's what I believe to be the next 2c-3c penny stock to run

It has all the hallmarks of the other penny's

Its has 300m shares on issue, which mean at a price of 2.4c its Mkt Cap is a tiny $7.5m

So what does it have that may cause a trader based run/re-rating?

It has an option to acquire an Indian Iron Ore company which has an exploration project with a target 200Mt's @ 60% Fe (See extract 1)

Now there seems to be a bit of uncertainty with respect to the target grade and I believe this is whats holding up the comany, (See rock chip extract 2 below) however even if the company end up with a smaller say 80Mt @ 60% Heamatite target (per Historical Govt records see extract 3) The Mkt cap would be $50m+ so the upside is nevertheless huge


This isn't one of my usual fundamentally undervalued stocks etc, BUT its a very cheap penny stock that offers alot of upside potential and thus should be re-rated and capped at least $15m = 5c given the potential it has

When I posted on the 17th of Jan the share price was 2.3c-25.c on monday (2 trading days later) the stock hit a high of 3.3c = 40% rise in 2 trading days

Unfortunately the following day was January 22nd which turned out to be the worst day we have witnessed in a long time and hence the mkt collapsed, which included

Despite this I picked NSL for what it was = "the next 2c-3c penny stock to run"

Unfortunately we just didn't get enough of a run out of it,

DYOR on the company, it still is exactlly what I said it was back in Jan

a very cheap penny stock that offers alot of upside potential and thus should be re-rated and capped at least $15m = 5c given the potential it has

 

[dawi03]

Re: NSL - NSL Health

I just rang Sean Harbury the company secretary, and they have the results back from India. He couldnt tell me a huge amount but he said that there will be a report shortly. Weather that means today or this week im not sure.

Sounds very very promisiing

 

[Drubula]

Re: NSL - NSL Health

Rang NSL today and spoke to Shaun. I asked if the company is on track for an announcement by month end. At this stage all I was told is that there is something in the pipeline but no reference to what. Well the wait continues.

Lets hope it confirmation of the JV. Heres hoping

Stay tuned.
Drubs

 

[Drubula]

Re: NSL - NSL Health

I just rang Sean Harbury the company secretary, and they have the results back from India. He couldnt tell me a huge amount but he said that there will be a report shortly. Weather that means today or this week im not sure.

Sounds very very promisiing

Sorry Dawi03 I too rang and spoke to Shaun, but I didnt want to say anything at the moment. I concur with your response.

Drubs

 

[doctorj]

Re: NSL - NSL Health

What is the market expecting to get back? My understanding is that it's just rock chip samples. Is a good result likely to do much for the SP? I would have thought who ever is taking the samples would be sure to take samples from just the likely looking pieces of rock and any results they get back are nice but aren't likely to mean much?

 

[dawi03]

Re: NSL - NSL Health

It isnt just rock chip samples they will be posting to the ASX, its the whole aquisition of AustInd etc

 

[binginbarrel]

Re: NSL - NSL Health

Any sort of announcement will change the SP rapidly (assuming it gets traded). It moves on the smell of an oily ann.
Up 4% on 4 trades since 1406

 

[doctorj]

Re: NSL - NSL Health

Thanks for filling me in

I'm guessing their going to fund the acquisition through equity - any idea what price the placement is likely to be at?

 

[dawi03]

Re: NSL - NSL Health

Dunno but I expect them to move very quickly, the company can turn from a 7mil a year to 50mil if they pull this off (which they should)

 

[binginbarrel]

Re: NSL - NSL Health

I don`t think there will be any dilution of NSL shares, they state that the funding is coming via Austind, whether it`s part of the JV conditions or not, we`ll see.
Another float won`t harm though, they are very tightly held.

 

[nyo]

Re: NSL - NSL Health

I don`t think there will be any dilution of NSL shares, they state that the funding is coming via Austind, whether it`s part of the JV conditions or not, we`ll see.
Another float won`t harm though, they are very tightly held.

Hi,

In regards to your post I just saw this information posted by Brantley. What do you think?

http://www.hotcopper.com.au/post_threadview.asp?fid=1&tid=626424#2591661

FYI...AUSTIND IRON ORE PTY LTD made a new filing with ASIC on Wednesday, 20/02/2008. NOT Imaged yet. See below.

Things may be on the move. JMHO

Time will tell....

Cheers,
Brantley

http://www.search.asic.gov.au/cgi-bin/gns030c?acn=127_530_205&juris=9&hdtext=ACN&srchsrc=1

# Extracted from ASIC's database at AEST 14:21:53 on 26/02/2008
# Name AUSTIND IRON ORE PTY LTD

ACN 127 530 205
ABN 12 127 530 205

Type Australian Proprietary Company, Limited By Shares
Registration Date 13/09/2007
Next Review Date 13/09/2008
Status Registered
Locality of Registered Office Brisbane QLD 4000
Jurisdiction
Australian Securities & Investments Commission


These are the documents that ASIC has most recently received from or in relation to this organisation. Page numbers are shown if processing is complete and the document is available for purchase.

# Date Number Pages Description
# 20/02/2008 1F0021553 Not Imaged

# 484 Change to Company Details

# 484G Notification of Share Issue

# 484O Changes to Share Structure

# 484N Changes to (Members) Share Holdings

 

[binginbarrel]

Re: NSL - NSL Health

If Austind Iron Ore are in agreement with the JV with NSL I think they are going to take us on one hell of a ride. Restructured and ready for the release of a great JV ann is what my gut instinct says.
I`ve coughed up $12K for my place on the ride at 2.5c

 

[Sean K]

Re: NSL - NSL Health

Ladies and gents, colourful language can be fun and light hearted, but be aware that any comment of a stock 'flying to the moon', or 'leaving the train station', or other such tripe, requires some detailed analysis. Similarly, it's ASF policy that ANY price target, or MC evaluation, is to be accompanied by some attempted TA and/or FA. Cheers, kennas

 

[Drubula]

Re: NSL - NSL Health

This is what I have longed for with NSL. Hopefully the market will be receptive to the news of the JV if and when it is announced.

Drubs

 

[binginbarrel]

Re: NSL - NSL Health

Five buyers sitting there willing to pay 2.7 and 2.8cents.
One seller sitting at 3.1cents with 4541985 has been there for days now, maybe weeks.
No great volume on this stock each day, lucky to push to 10million.
So on a normal day this block ay 3.1 will stay, but announcement due very soon.
A good day of over 50million traded might see new floors at around 3.5c
Buyers are building in the queue now,lets see how we go today.