ELE - Elmore Ltd

[shaunm]

Re: NSL - NSL Health

Hmmm quite a bit of a back track today, wonder why?
Do some people know what the announcement is or is the SP being sold down to pick up more prior to the announcement.

Kinda glad I switched off the stop-loss order this morning as I would have been flushed out!

 

[Sean K]

Re: NSL - NSL Health

Hmmm quite a bit of a back track today, wonder why?
Do some people know what the announcement is or is the SP being sold down to pick up more prior to the announcement.

It's probably been sold down by the pump and dumpers who have taken some interest in this the past few days. If you bought this as an 'investment' and the reasons why you bought it are still there, then the day to day movements of the stock shouldn't worry you too much. If you are a day trader trying to make a quick buck, you need to learn how to pump and dump a little better. As far as it been sold down so it could be picked up a little cheaper.

 

[shaunm]

Re: NSL - NSL Health

As far as it been sold down so it could be picked up a little cheaper.

Well there has been a lot of talk lately about stock price manipulation, and I hold another stock which has well and truely been subject to that, so I guess I am suspicious.
You are most probably spot on with regards to the pump and dumpers.
As for me, I have been accumulating over the last week in anticipation of the announcement. Now as to whether that classes me as a day-trader, I don't know; I certainly don't feel like a day-trader.

 

[Drubula]

Re: NSL - NSL Health

I am with you on that one Shaunm.

My purchase is for longterm hold. Should the announcement be what we previously were advised in the last company announcement to eventuate then the gains over the past few days are not pie in the sky stuff. The JV and the JORC confirmation of 200mt + will give the SP a kick along.

Cheers

Drubs

 

[LRG]

Re: NSL - NSL Health

A fair old pull back from the close at 3.5 cents yesterday.

I hope that the announcement tomorrow will be excellent news.

I wonder if they will issue it during trading or after the close tomorrow?

Kind of hope it is after the close - excellent news and then wait for the new trading week to see what happens.

 

[Drubula]

Re: NSL - NSL Health

As mentionned before if the impending announcement includes both the JV and the JORC confirmation of 200mt + then watch the day traders have a field day.

I have checked the ASIC site for any post market announcements and at the time of posting this reply no news.

Fingers crossed

Drubs.

 

[prawn_86]

Re: NSL - NSL Health

As mentionned before if the impending announcement includes both the JV and the JORC confirmation of 200mt + then watch the day traders have a field day.

They will definetly not be releasing a JORC, because (as far as i can gather) they are only TARGETING 200mt and have not yet done any drilling.

A JORC is still a long long way off.

Correct me if im wrong.

 

[Drubula]

Re: NSL - NSL Health

I think you maybe right Prawn86

NSL hopefully will be targeting an exploration potential of at least 200 million
tonnes of Iron Ore grading >60% with their JV partners should it be confirmed.


Still no announcement on ASIC Company Searches website.

Cheers Drubs

 

[prawn_86]

Re: NSL - NSL Health

So a JORC is at least a year away one would think.

I wonder how easy it is to get a drill rig in India? I think there is a shortage worldwide, but dont quote me on that

 

[Sean K]

Re: NSL - NSL Health

They will definetly not be releasing a JORC, because (as far as i can gather) they are only TARGETING 200mt and have not yet done any drilling.

A JORC is still a long long way off.

Correct me if im wrong.

They are going to announce results from additional rock chip samples as far as I know. Perhaps rock chips can form part of a JORC in India?

 

[prawn_86]

Re: NSL - NSL Health

They are going to announce results from additional rock chip samples as far as I know. Perhaps rock chips can form part of a JORC in India?

LOL

Although im sure things are more leniant i dont think they would be that much so. But hey, u never know with other countries

 

[Sean K]

Re: NSL - NSL Health

LOL

Although im sure things are more leniant i dont think they would be that much so. But hey, u never know with other countries

Yep, and the rock chips have been brought in from the Pilbara. Although the grades would have to be low so it wasn't too suspiscious...

 

[moneymajix]

Re: NSL - NSL Health

Oh you don't get me I'm part of the union
You don't get me I'm part of the union
You don't get me I'm part of the union
Till the day I die, till the day I die.








News tomorrow, I imagine.

 

[Scuba]

Re: NSL - NSL Health

For all the ramping here, the thread reads as if it's hc...

Having returned from the NW tonight, and reading the last 4 pages... Bring it on you dentists!
(That's a Traffic infringment notice I didn't mind reading...)

 

[STRAT]

Re: NSL - NSL Health

Hi everyone.
Anyone like to comment on the significance of Roger Steinepreis & David Paganin dropping their interest in the company to below 10%?

Its obviously not about the money

 

[shaunm]

Re: NSL - NSL Health

It's encouraging to see the SP hovering around the 3/3.1 mark, and recovering from the dips under 3.

 

[LRG]

Re: NSL - NSL Health

It would be more encouraging if they released the announcement and the SP shot up.

All seems to be very quiet so far today

 

[YOUNG_TRADER]

Re: NSL - NSL Health

There's no way the company will release a JORC, no way

However there is a target, my understanding was this news should be verification of the target, or porbability of achieivng/finding/firming up the target,

There's nothing wrong with targets, see FDL and MDX for cases in point,

Either way like I said volatility will be large!

 

[dawi03]

Re: NSL - NSL Health

When the hell are they going to release this to the market though? Leaving it a little too late imo on a friday

 

[Flick15]

Re: NSL - NSL Health

There's no way the company will release a JORC, no way

However there is a target, my understanding was this news should be verification of the target, or porbability of achieivng/finding/firming up the target,

There's nothing wrong with targets, see FDL and MDX for cases in point,

Either way like I said volatility will be large!

YT

Yes I do not expect the JORC announcement either. I would expect an announcment on JV with Austind and the target. What are your thoughts on the parcel sold by Steinpris?

Thanks