ELE - Elmore Ltd

[Drubula]

Re: NSL - NSL Health

Lets see if the Interest in NSL continues today. Maybe yesterdays movement is in anticipation of the Geo report due anytime now or early May.Common discussion on other forums focuses more on the higher mt potential of Iron Ore (could be very interesting if true if their is substance to the rumour). Hopefully those that make these comments can back it up.

Anyone notice the Catsoulis letter is no longer accessible, or do I have a problem with my computer.

Goodluck for today and beyond for all NSL Holders

 

[nyo]

Re: NSL - NSL Health

Lets see if the Interest in NSL continues today. Maybe yesterdays movement is in anticipation of the Geo report due anytime now or early May.Common discussion on other forums focuses more on the higher mt potential of Iron Ore (could be very interesting if true if their is substance to the rumour). Hopefully those that make these comments can back it up.

Anyone notice the Catsoulis letter is no longer accessible, or do I have a problem with my computer.

Goodluck for today and beyond for all NSL Holders

"Anyone notice the Catsoulis letter is no longer accessible, or do I have a problem with my computer."

I noticed that too. "suspended page".

Anyone have any thoughts?

 

[binginbarrel]

Re: NSL - NSL Health

It`s the whole site he has that has been suspended. The host, Design and Host has put it in suspension.
Maybe the guy was sick of posters on ASX forums commenting on his private life and had it pulled.

Anyway back to NSL and buyer stepping up to the 3c mark, more to come.

 

[binginbarrel]

Re: NSL - NSL Health

Again NSL has presented another good trading opportunity, 2 days ago it touched 2.1c today its at 3c almost a 50% gain,

I wish I could pick the bottom and peaks better though

p.s. notice the Ascent link to Faldi Ismal???? THE DYL RECON

I don`t think you could trade this stock at the moment YT. You would be a very nervous trader waiting in queues. Would have to use your existing stock and money to create dummy orders in both queues. Jump your actual ones infront either. risky for $500 or so profit.

 

[Drubula]

Re: NSL - NSL Health

Its my understanding that the JV meeting has been held this week, maybe even yesterday if thats what caused the interest yesterday. Hopefully the market gets an update soon.

Boy this is a real wait and see scenario.

 

[YOUNG_TRADER]

Re: NSL - NSL Health

I don`t think you could trade this stock at the moment YT. You would be a very nervous trader waiting in queues. Would have to use your existing stock and money to create dummy orders in both queues. Jump your actual ones infront either. risky for $500 or so profit.

Mate all you do is put up a buy order for say 200k shares in the low 2's

If it gets filled put up a sell in the high 2's

No need to do anything else,

I should add that you can't just buy and sell over night, you buy on the dips and put up a sell and wait for the re-bound

I know only small profits but profits none the less,

Of course there's risk, trading carries risk, where it risk free everyine would do it

My point is I stated way back when I first posted on this stock that it was spec but given the potential upside would provide plenty of opportunity for trades and it has done just that,

The risk is one day they firm up the project as NSL offers huge upside should they firm up a resource, thenthe stock would most likely gap up hard and I would miss out ony gains because I was being silly trading it, then I'll do a bit of

 

[binginbarrel]

Re: NSL - NSL Health

Yep.
That`s the risk I was referring to although I failed to mention it.
It would be a shame to miss out on a huge whack of a profit whilst trading in and out for a few grand over a month here an there.

Of course that`s only my view. I paid 2.5cents and hanging on to them until the frenzy begins or the rumours fly. Have you heard the latest? Someone on HC close to the source? as they say reckons there`s 1.4billion tonnes.
Imagine that....

 

[shaunm]

Re: NSL - NSL Health

Let's do a hypothetical, if that's ok?
WHat if the announcement was 1.5 billion inferred what type of jump in the share price is feasible?
Could it be like that crazy day FDL went from 2 cents to over 12c, and how would you then rate them against similar size resources such as BRM or SDL?

 

[sam76]

Re: NSL - NSL Health

Hey Sean,

Wouldn't the grades be more important then the size?

If it's at or around the 60% then we could see this really (and I mean really) fly.

Going from memory there are only 70 million shares with Directors holding 80%

That's only 14 million shares for us mugs to play with

(my numbers may be wrong here)

 

[irondragon]

Re: NSL - NSL Health

Hey Sean,

Wouldn't the grades be more important then the size?

If it's at or around the 60% then we could see this really (and I mean really) fly.

Going from memory there are only 70 million shares with Directors holding 80%

That's only 14 million shares for us mugs to play with

(my numbers may be wrong here)

We know from a site visit conducted to the Kerala Iron Ore Project iron mineralisation has been verified occurring continuously over approximately 8kms of strike.

Initial rock chip analysis has returned results from pervasive, large magnetite orebody with Fe grades ranging 43-52%, which compare favourably to global averages for magnetite ores.

Test work completed by the Indian Government indicates the ores are amenable to beneficiation, and 65%+ concentrates are achievable.

There is approx 300 million shares on issue (292mill). About 200 million of those are taken up by Top 20 shareholders if you look at past share acquisition announcements and reports. So this leaves about 100 million shares for the likes of traders/investors to buy/sell.

This is around a tenth of what FDL had when it spiked. Happy times ahead if potentional resource is documented as at least 200MT @ 60% Fe or equivalent.

 

[taboon1]

Re: NSL NSL Health

As per page 46 of the annual report - the total number of shares held by the top 20 was 228m or 78.68%. At the time there were 289m shares on offer.

The number of shares has since climbed to $292m ( per the last appendix 3b)so if all of the above major shareholders have held onto their shares this would mean that there would only be 64m shares to trade. please correct me if i am wrong.................. hmmmmmm this is very tight and we all know what that means....shares like this will move up very quickly.....

 

[Drubula]

Re: NSL - NSL Health

Taboon hopefully the results from the geo's report will be released soon will attract the interest from those that have had NSL on their radar. I think if people have done their research on Kerala India and especially how the Indian government is supportive of IO explorers in India, hopefully all goes well for NSL if the results are reflective of the targetted resource noted in the annoucement released to the market. Are people aware that the JV meeting was apparently held this week to discuss the Geo's report. No one on HC had alluded to this.

Still a punt until facts are known.

Cheers

 

[metric]

Re: NSL - NSL Health

if the geo report is possitive and land acquisition happens, would the SP move towards $1 or better?

what else would have to happen before $1 is realised?

 

[Drubula]

Re: NSL - NSL Health

I would expect that postive drilling results sometime down the track to at prove the targetted resource as a JORC Resource then a price of around $1.00 is possible. I would assume that this price would relate to a 200mt IO with a 65% fe. What happens if the targetted resource is much higher but with a lower fe.
Does anyone know what the preferred or acceptable fe is the norm in the IO game. I would have thought 65% based on the quality, but i stand corrected.

I have done a little calculation mind you I can be totally wrong based on the 200mt scenario
200mt

Targetted Resource (mt) 200,000,000
Fe 50%
Extracted IO (mt) 100,000,000
Price per ton (net) Per Ton $15.00
Value 1,500,000,000
Current Shares on Issue 300,000,000
Shares to be Issued to AIO (Assuming 200mt is confirmed by Geo) 1,000,000,000
Total New Shares on Issue 1,300,000,000
Price Per Share $1.15

Mind you this can be all hypothetical but at least we can discuss the potential of this stock once results are known.

 

[Sean K]

Re: NSL - NSL Health

I would expect that postive drilling results sometime down the track to at prove the targetted resource as a JORC Resource then a price of around $1.00 is possible. I would assume that this price would relate to a 200mt IO with a 65% fe. What happens if the targetted resource is much higher but with a lower fe.
Does anyone know what the preferred or acceptable fe is the norm in the IO game. I would have thought 65% based on the quality, but i stand corrected.

I have done a little calculation mind you I can be totally wrong based on the 200mt scenario
200mt

Targetted Resource (mt) 200,000,000
Fe 50%
Extracted IO (mt) 100,000,000
Price per ton (net) Per Ton $15.00
Value 1,500,000,000
Current Shares on Issue 300,000,000
Shares to be Issued to AIO( Assuming 200mt is confirmed by Geo 1,000,000,000
Total New Shares on Issue 1,300,000,000
Price Per Share $1.15

Mind you this can be all hypothetical but at least we can discuss the potential of this stock one results are known.

Drub, just a couple of points that you may want to contest.

Aren't NSL only going to earn 25% of the project? If any.

and,

I am concerned about the company's references to >60% fe when thay say they are targetting at least 200Mt of 60%+ fe occurring as both hematite and magnetite...

An asset base estimated by Austind to be at least 200 MT of iron ore grading 60%+ Fe, occurring primarily as hematite and magnetite, hosted by banded iron formation (BIF) lithology.

NSL will be granted an option to acquire Austind following completion of the
initial exploration targeting an exploration potential of at least 200 million
tonnes of Iron Ore grading >60%.

Hematite is + 54% ish, and Magnetite can be in the low 30s, so they are being VERY vague here with their target. As we know Mag requires quite some benefication before shipping compared to DSO.

Can you fill in the gaps there?

Cheers,
kennas

 

[shaunm]

Re: NSL - NSL Health

Drub, just a couple of points that you may want to contest.

Aren't NSL only going to earn 25% of the project? If any.

So Kennas should we then calculate that the potential SP would be around 20 - 30 cents if all goes to plan?

 

[STRAT]

Re: NSL - NSL Health

So Kennas should we then calculate that the potential SP would be around 20 - 30 cents if all goes to plan?

Hi Shaun, I would think 4.0 to 4.5 cents, perhaps 5.0c would be more likely and a very good outcome as a short term trade as well.

 

[skiper]

Re: NSL - NSL Health

http://www.davidcatsoulisweb.com/1 White knight 2 News Papers and 3 Extortionists.pdf

Letter still there, but I find this interesting to say the least, make or break in the next few days IMO

http://davidcatsoulisblog.com/?p=6

Luck all, I traded it and wish I still held.

 

[Sean K]

Re: NSL - NSL Health

So Kennas should we then calculate that the potential SP would be around 20 - 30 cents if all goes to plan?

Perhaps, but I think there's too many unknowns here to attribute $15 a ton to the resource. Firstly, it's a target, then we don't know the actual grades, dilution for going to production, and even if they will get the 25%. So, IMO it's too speculative to attribute any $$ a ton at this point. Even giving them $5 a ton is questionable. On spec value, it could certainly be revalued, but to what point is pure guestimate. It may be a RR trade for some people and could have a nice payoff if the numbers add up down the track.

 

[Scuba]

Re: NSL - NSL Health

http://www.davidcatsoulisweb.com/1 White knight 2 News Papers and 3 Extortionists.pdf

Letter still there, but I find this interesting to say the least, make or break in the next few days IMO

http://davidcatsoulisblog.com/?p=6

Luck all, I traded it and wish I still held.

Having read the letter linked previously, it seems his daughter may have some health issues....
Then again, is everyone updating websites/blogging 24/7?

Like Kennas and some others have suggested, there many unknowns here... The deposit is in another country too, with a vastly different culture to ours. Let's hope the Australian part of the team have the sense to remember where they are and act accordingly...