ELE - Elmore Ltd

[Daddle]

Re: NSL - NSL Health

Hello everyone,

I have been following this NSL thread since Feb and this is my first contribution as I have not, until now, had anything worthwhile to communicate.

For what it's worth, I understood the announcement to mean that the capital raising would take place before the consolidation. It states that a condition of the merger is that "NSL" will raise capital (not IOH). Also, if the average trading price at that time is above 20 cents, then less shares will need to be issued to raise the necessary capital. For these reasons I feel that YT's calculation of the shares on issue may be slightly overtstated and hence, understate the potential share price.

Another component of the announcement has received very little (if any) comment. If NSL can sell whole or part of the project for $640,000,000 prior to merger, I assume it will happen. I am a novice in these matters but I thought it was unusual to have this condition in the merger, unless there is already a potential buyer. $640 Million is an unusual number - why not a round number ?? Unless for a reason ? Any comments ?

Finally, I was doing some reasearch on Wednesday this week and came across the ironorehill.com.au website. I was able to enter the site (unlike today where the home page is as far as you can get) and view company details. They had a photo of their corporate offices in Coorparoo, Brisbane and a link to their PROJECTS (plural). In order to access the projects link you needed to register, which I did. I then received an email apologising that the site could not be accessed and suggesting I continue to monitor the ASX website for announcements.

I can only assume that the IT people made the site live before they should have because it was taken down pretty quickly. What interested me most was that there were three or four projects listed and the Kerala project was only one. Anyone else have any more info on the other projects ???

I am hopeful for a positive resumption of trading on Monday. Good sign that there was no dumping by directors prior to announcement.

Good luck to all.

 

[Synergy]

Re: NSL - NSL Health

Good post Daddle, and nice work on the evaluations guys. Even if they don't come to a similar result, it's good to have more than one opinion.

I find it very interesting that you actually saw the other projects listed Daddle... I've read of others seeing the projects plural mentioned but have not heard that there were actually other projects listed in writing. This is surely very good news if it's the case.

For me, the stong buying leading up to the suspension is the key to the direction on monday. This buying was obviously someone with inside knowledge, who knew exactly when the suspension was coming, and who probably knew with a fair degree of certainty that he was better to buy at 10 cents than to wait until it reopened.

I wouldn't be surprised to see a small dip in the share price initially, but I think there will be a lot of interest from people who currently don't hold and have been waiting for the ann. The number of trading shares is so low that even if a small amount of people want in, surely the price will rise. I think we'll see something considerably above 10.5c at some stage during monday.

Remember that not everyone holding is a HC spec trader.

Time will tell.

 

[YOUNG_TRADER]

Re: NSL - NSL Health

Guys please understand I was doing my best to help make heads or tails of what it may be worth,

I only gave a range of EV/t's I could be way off, remember there was an example given by BBY for a takeover at $2/t Mag

I am no expert, so please take what I say with a pinch of salt as I am but a mug investor like you guys

What you guys should do is take my template I have put up and tweak and state reasons why,

ie there have been some good arguments For using a much higher EV, labour savings, cost savings etc etc

there have also been some good arguments against using such high EV's ie uncertainty of the resource, infrastructure etc etc

So I have done the ground work, what you guys need to do is tweak my figures back and forth with sound reasoning and anlysis behind it


Although I sold out of NSL awhile back nothing would make me happier than to see it as a 50c stock, why? Because as with YML/BRM it makes me proud to see it at 20x what it was originally and think I believed in that at the start when few others did

Good luck guys

 

[eddie lives]

Re: NSL - NSL Health

No worries YT,
i was just putting some arguments up for discussion and there was no intention to question your credibility or your research

keep up the good work mate

 

[eddie lives]

Re: NSL - NSL Health

Another component of the announcement has received very little (if any) comment. If NSL can sell whole or part of the project for $640,000,000 prior to merger, I assume it will happen. I am a novice in these matters but I thought it was unusual to have this condition in the merger, unless there is already a potential buyer. $640 Million is an unusual number - why not a round number ?? Unless for a reason ? Any comments ?

Market Cap ($Mill) $640
Actual Share Price $1.02
Number of Shares (Mill) 625

Ore Resource Total (MT) 1200
Iron Grade 30%
Total Fe Owned (MT) 1200
Total Fe Recoverable (MT) 360.00
Evaluation ($/Tonne of Fe) $1.78


This is after Cap raising at 20c too

Food for thought:
Market Cap ($Mill) $640
ACTUAL SHARES TRADED MONDAY = 300m

 

[sam76]

Re: NSL - NSL Health

Another component of the announcement has received very little (if any) comment. If NSL can sell whole or part of the project for $640,000,000 prior to merger, I assume it will happen. I am a novice in these matters but I thought it was unusual to have this condition in the merger, unless there is already a potential buyer. $640 Million is an unusual number - why not a round number ?? Unless for a reason ? Any comments ?

Market Cap ($Mill) $640
Actual Share Price $1.02
Number of Shares (Mill) 625

Ore Resource Total (MT) 1200
Iron Grade 30%
Total Fe Owned (MT) 1200
Total Fe Recoverable (MT) 360.00
Evaluation ($/Tonne of Fe) $1.78


This is after Cap raising at 20c too

Food for thought:
Market Cap ($Mill) $640
ACTUAL SHARES TRADED MONDAY = 300m

Stop it Eddie, you're giving me goose bumps!!!

I'm looking forward to next weeks action.

Cheers

 

[Largesse]

Re: NSL - NSL Health

NSL as it stands PRIOR to the merger,

DONT
OWN
ANYTHING

therefore,

any proceeds from the sale, or part there of, of the project, will go to,
yep, you guessed it AUSTIND SHAREHOLDERS, not NSL.

How can you possibly come to the conclusion, prior to a merger, at which point Austind own 100% of the rights to the land, and NSL own 0%, that if NSL can sell the project, that they are just going to recieve a % of the sale.

It still blows my mind that people think Austind are just giving NSL shareholders this great gift for nothing in return. :
The only reason Austind are dealing/offering a merger with NSL is because it gives them an avenue (NSL's ASX listing) to raise capital/equity through, nothing more.
NSL doesnt offer any expertise or infrastructure.


wake up from dreamland.

 

[tech/a]

Re: NSL - NSL Health

Really.

Had a nett tangable asset backing of 39c/share in December.

http://www.stocknessmonster.com/news-item?S=NSL&E=ASX&N=397639

 

[Largesse]

Re: NSL - NSL Health

try reading the announcement properly.

had a Nett Tangible Asset of 0.39c per share

as in

$0.0039


for clarity, a NTA of Zero point Three Nine Cents not dollars.

No disrespect intended Tech, but you've got this wrong.

 

[shaunm]

Re: NSL - NSL Health

Yes daddle i read a number of posts on HC that said they could get access to the site at first but now it;s a no go.
did you happen to get a look at what & where the other projects are?

 

[sam76]

Re: NSL - NSL Health

NSL as it stands PRIOR to the merger,

DONT
OWN
ANYTHING

therefore,

any proceeds from the sale, or part there of, of the project, will go to,
yep, you guessed it AUSTIND SHAREHOLDERS, not NSL.

How can you possibly come to the conclusion, prior to a merger, at which point Austind own 100% of the rights to the land, and NSL own 0%, that if NSL can sell the project, that they are just going to recieve a % of the sale.

It still blows my mind that people think Austind are just giving NSL shareholders this great gift for nothing in return. :
The only reason Austind are dealing/offering a merger with NSL is because it gives them an avenue (NSL's ASX listing) to raise capital/equity through, nothing more.
NSL doesnt offer any expertise or infrastructure.


wake up from dreamland.

I don't see why you are taking this so passionately, Largess.

People make their own decisions and it seems you aren't a holder, so why bother?

Are you a knight in shining armour? LOL

only a month ago you were looking to get back in to NSL

"Yes, i missed this little run, wouldve been a glorious trade to get out at 7c and back in down at 5c but alas it wasn't to be. I have my money parked in another short term play that i am hoping will pay off before NSL news is released, i WILL be back in on NSL but not for a while"

No disrespect but I'm confused as to why you held NSL in the first place....

 

[sam76]

Re: NSL - NSL Health

I may have made a mistake with that last quote, Largesse.

If it wasn't you - I apologise m(_ _)m

 

[JJKools]

Re: NSL - NSL Health

Well done Eddie. Your calcs are spot on with my thinking....

largess, not long ago you were ramping this stock on HC before you were suspended. You sold out at 5c stating along the lines that this stock wont run and you will be back in at a later date. It ran to 10.5 and you were too late.

Prior to announcement we had NSL looking to confirming 200mt fe, now we have approx 500-700mt, with possible upside of 1.2billion t plus[/B].
The merger deal is also much better than the previous JV deal. This goes to show how huge this announcment is.

I really dont think you understand the last announcment, or are you secretly looking to get back in? LOL

IMO this is huge and a v happy holder

Best wishes

 

[Largesse]

Re: NSL - NSL Health

NSL was a great momentum trade in the early picture (from 2.0c upwards).
At 5c i (incorrectly) thought the top had been reached.

Would i have preferred to have stayed in until 10c? Of course, but after appreciating 150% in a matter of a few weeks in a bear market, how could one even imagine that it would keep runnning a further 100%. I certainly didnt, and well done to those that profited.
i am getting a little off track.

Why do i bother? Because some people are spouting factually incorrect statements and opinions.
Why do i care? Because, as unfortunate as it is, some people actually buy/hold based on what is written on forums as they are incapable of doing their own research or making sense of it.
Why do i care about these people? For the same reason that i care about people living in poverty and why i donate to charity.

Will i be back in NSL? Short term, unlikely. My prediction is that the share price is heading south. Once the dust settles, i will look at it again.

However, if i have got it all wrong, and it runs hard, then of course i will be back in for a trade or 5.

But as it stands, right now, there is nothing to factual to suggest that it is going anywhere but south. You would be well advised to have a proper look at what is keeping you in this company as alot more of the facts are now on the table. Are you staying in simply because you want it to keep rising or staying in because the fact suggest that you should?

and then there is always the old adage 'buy on rumour, sell on news'.

GL DYOR

 

[Largesse]

Re: NSL - NSL Health

I may have made a mistake with that last quote, Largesse.

If it wasn't you - I apologise m(_ _)m

no, that was me.

may or may not have been on HC before i got banned for taunting the mods. They really are precious over there.

 

[Daddle]

Re: NSL - NSL Health

Hi againUnfortunately I was only in the IOH website for a few minutes and didn't get a look at the names of the other projects.Check out the ASX announcement on 6/12/07. Apart from the IOH site it also refers to Austind P/L having:> Kerala Regional - pursuing land access agreements for 6 potential sites "outside the defined area for the IOH joint venture".> Kamataka & Goa - exploring options in these states also.Sounds like there is huge potential for further exploration. Would love an update on the progress of these land access agreements. This has the potential to be MASSIVE but also a lot of unanswered questions. Should be exciting ride this week.Any chance the ASX will want more info before lifting the suspension ???

 

[tech/a]

Re: NSL - NSL Health

Page 1.
Seeing I have to type 100 charaters I'll take up this space with this which i found on page one of the 6 mth report.

 

[N1Spec]

Re: NSL - NSL Health

Page 1.
Seeing I have to type 100 charaters I'll take up this space with this which i found on page one of the 6 mth report.

im pretty sure that reads 0.39 of a cent, i dont hold or intend to buy (min 100 char sux ballssssssssss)

 

[YOUNG_TRADER]

Re: NSL - NSL Health

Another component of the announcement has received very little (if any) comment. If NSL can sell whole or part of the project for $640,000,000 prior to merger, I assume it will happen. I am a novice in these matters but I thought it was unusual to have this condition in the merger, unless there is already a potential buyer. $640 Million is an unusual number - why not a round number ?? Unless for a reason ? Any comments ?

Market Cap ($Mill) $640
Actual Share Price $1.02
Number of Shares (Mill) 625

Ore Resource Total (MT) 1200
Iron Grade 30%
Total Fe Owned (MT) 1200
Total Fe Recoverable (MT) 360.00
Evaluation ($/Tonne of Fe) $1.78


This is after Cap raising at 20c too

Food for thought:
Market Cap ($Mill) $640
ACTUAL SHARES TRADED MONDAY = 300m

Hey Eddie,

I thought the same too but was too busy trying to get all the info out,

That $640m sure is a very odd number to pick, I agree why not say $500m+ or $600m+

Maybe there's more than meets the eye here (Transformers style! he he he)

Can't wait to see how this plays out

Good luck guys

 

[nioka]

Re: NSL - NSL Health

Trading suspension lifted. Now we will find out what the price of the Sp is going to be on opening. My tip is around the 10c mark