ELE - Elmore Ltd

[sam76]

Re: NSL - NSL Health

Just having a look at another forum and came across this post from IMPorted.

I think the GEO really slipped up here by announcing this whilst under emotional duress.

Looking at the date (just over a couple of weeks ago) you would believe that most of the chip sampling had been carried out and that the employed experts working on site would be able to sumise how big the potential was.



The Geo knows what's going on, he's already planned to pay his debts with the Indian moolah.

"we now also hope to have the balance of our creditors accept a pay out over the course of the next few months due to some new endeavours where I'm the Geologist for a major Iron Ore discovery in India and I have allocated this outcome from this project to their account."

See the bottom of his letter dated 28/3/08

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

 

[TheAbyss]

Re: NSL - NSL Health

That is a truly sad tale of woe. Some people do not have the right to draw breath.

I hope David Catsoulis makes a success of the Indian venture and gets back on his feet.

 

[Scuba]

Re: NSL - NSL Health

That is a truly sad tale of woe. Some people do not have the right to draw breath.

I hope David Catsoulis makes a success of the Indian venture and gets back on his feet.

Agreed, the letter referred to above has been discussed in this thread, first alluded to on March 31st 08', and was discussed the next day. The only thing that has changed is the spelling of extrotionist to extortionist... I wonder if there was ever a reply from the "journo"?

Good luck to him, and those who try to make good...

 

[sam76]

Re: NSL - NSL Health

Sorry I should have stated that the letter had already been discussed in this thread. I just felt that the highlighted parts needed to be raised again with my little comments attached.

 

[Scuba]

Re: NSL - NSL Health

No bother sam76, just refreshing your memory...

Would be great to see some good news develop.
I have noticed the admins are paying swift attention to this thread now.

 

[nobearter]

Re: NSL - NSL Health

I can't believe what i am reading.

Sam76 either you have a vested interest in this project
or promoting it on behalf of Mr.David Catsoulis.

Don't be fooled by the rubbish contained in this document produced
by Mr. Catsoulis.
Mr. Catsoulis was not the victim.
The investors who lost millions were!

DYOR

 

[wrench1973]

Re: NSL - NSL Health

Wow I am not sure what nbearter is reading, I am with you other guys, the guy has had a bad run at the most worst time of his life with his family and now he is trying to do the right thing by repaying the creditors, NOT running away, but doing what he can and getting back into deals that willL pay back these people their monies and maybe even then some for their time...

Good on you Mr David Carsoulis, best of luck and hope this all pays of for everyone and I hope your family is back on track again.

In regards to the Geo report, I think it could be fair to say that either NSL or Austind want to make sure they have all the facts before announcing projected tonneage of IO. Fair enough, but lets hope its soon so we can work out what sort of return we will be getting for our investments.

!!!...Bring on the report I say...!!!

 

[sam76]

Re: NSL - NSL Health

I can't believe what i am reading.

Sam76 either you have a vested interest in this project
or promoting it on behalf of Mr.David Catsoulis.

Don't be fooled by the rubbish contained in this document produced
by Mr. Catsoulis.
Mr. Catsoulis was not the victim.
The investors who lost millions were!

DYOR

Of course I have a vested interested - I'm a shareholder

Not going to get in a tit for tat with this one.

People who are in this have obviously made their decisions for a reason.

 

[Scuba]

Re: NSL - NSL Health

I can't believe what i am reading.

Sam76 either you have a vested interest in this project
or promoting it on behalf of Mr.David Catsoulis.

Don't be fooled by the rubbish contained in this document produced
by Mr. Catsoulis.
Mr. Catsoulis was not the victim.
The investors who lost millions were!

DYOR

nobeater posts in total to date (and only in this thread) since 1st April 2008...

Could you be more specific with some detail please if you (in fact) have a relevant warning for us?

I wonder if you are one of the investors you refer to?

Have you entered into any dialogue with Mr. Catsoulis himself?

 

[nobearter]

Re: NSL - NSL Health

Scuba
All i can say is that Mr. Catsoulis has lost almost all credibility in the
Brisbane and Melbourne business communities through his
failure to complete on any projects he has undertaken.
All promise no substance.

It is there for all the world to see..just make a few calls.
It is not that hard to find out.

Was i an investor - no - but many of my collegues were stung pretty
badly.

Good luck...

 

[irondragon]

Re: NSL - NSL Health

nobeater posts in total to date (and only in this thread) since 1st April 2008...

Could you be more specific with some detail please if you (in fact) have a relevant warning for us?

I wonder if you are one of the investors you refer to?

Have you entered into any dialogue with Mr. Catsoulis himself?

Scuba, have an in-depth read of his e-mail/letter to the Australian newspaper, it appears to cover everything.

I would assume most people are stockholders in NSL for the potential Fe reserves and Iron Ore Hills project. Not for the unfortunate past history of one AIO director/geologist.

Look at Andrew Forrest of FMG fame, he initially failed but look at him now. Seven years ago his efforts to develop the Anaconda Nickel project in WA came to nothing, investors from Australia and abroad lost millions and Forrest was effectively dismissed from the company.

I for one am looking at the bigger story unfolding, and Indian Fe is the first exciting chapter.

 

[Scuba]

Re: NSL - NSL Health

Brisbane and Melbourne business communities

So why don't we see any members of those communities posting here? If it they were your colleagues, could you ask one of them to post a description of their grievances, or direct readers to some examples?

It is there for all the world to see..just make a few calls.
It is not that hard to find out.

See? Make calls to who, where?

I read (most) of his (D.C's) letter linked to in this thread and it seems that people make mistakes and some try to make amends for them too. He also seems to try to correct an injustice/ mis-representation (he feels) has been made about him. I'm sure there are alot of skeletons in the closets of the communities you refer to (given the current legal proceedings in Melbourne and the suggestions about JoBjelke's reign) IE nobody is perfect...

Some evidence and description of the facts would be good, all I've seen this last few weeks is a bunch of posts by you and a website by Mr. Catsoulis.

BTW; I care because I hold NSL Health...

 

[Birdster]

Re: NSL - NSL Health

I think you have made your point/statement/downramp clear Nobearter. You do not like this stock or the people who control it. You have backed it up with hearsay and scare mongering of the likes.

Remember it is a spec stock. I do believe that the investors in NSL that are on this forum are aware of this.

What is it your trying to achieve with your comments?

 

[nioka]

Re: NSL - NSL Health

Nobeater.

Catsoulis seems to have explained himself in his letter. If what he says is correct then he should be praised for his efforts. As I see it he will be working to repay his debts. Is that correct? Do you have any evidence that his story is in any way a con?. If you can not support your version of his association with NSL then please discontinue your attack on him.

 

[STRAT]

Re: NSL - NSL Health

Nobeater.

Catsoulis seems to have explained himself in his letter. If what he says is correct then he should be praised for his efforts. As I see it he will be working to repay his debts. Is that correct? Do you have any evidence that his story is in any way a con?. If you can not support your version of his association with NSL then please discontinue your attack on him.

Hardly an attack, moreover just bringing info to the table IMO. Catsoulis trying to right his debt seems noble enough but at the end of the day history shows he may not be up to the task and this adds risk to an already risky play.

DISC still holding

 

[TheAbyss]

Re: NSL - NSL Health

There are always 2 sides to every story and sometimes more. Let's take care not to confuse sentiment with the prospects of NSL in India. Whilst I tend to believe the letter in current discussion on this thread and certainly feel for Mr Catsoulis, this in no way makes a case for NSL as an investment possibility for the better or worse.

Bottom line is that NSL is highly speculative and not for me.

Perhaps a seperate thread in the General area might be prudent regarding a man who would appear to have been taken advantage during a low point in his life and a lesson can be learned from it?

Best intentions do not make a good geologist or business investor nor will they turn some rock chips into a mountain of ore. Judge NSL on their performance not on sentiment.

 

[nobearter]

Re: NSL - NSL Health

What is Aus Ind?

How much money has been raised AND BANKED by them to execute their strategy?

How much money has been spent by them in pursuing this opportunity?

Here is one of their capital raising documents freely available on the web.

A $2 company residing in a solicitors office somewhere in Brisbane trying to raise $50 MILLION DOLLARS?

Please!

The Abyss is half right...it is not NSL's performance that I question
only Aust Ind's

Good Luck and don't forget

DYOR

 

[bart]

Re: NSL - NSL Health

My understanding was that Austind was needing to raise $11 million to meet the land acquisition mining permits, where does this $50 million come from? Feel free to prove me wrong.

Cheers
Bart

 

[nioka]

Re: NSL - NSL Health

What is Aus Ind?

How much money has been raised AND BANKED by them to execute their strategy?

How much money has been spent by them in pursuing this opportunity?

Here is one of their capital raising documents freely available on the web.

A $2 company residing in a solicitors office somewhere in Brisbane trying to raise $50 MILLION DOLLARS?

Please!

The Abyss is half right...it is not NSL's performance that I question
only Aust Ind's

Good Luck and don't forget

DYOR

All I see there is an unsigned document that may or may not have been executed. There are plenty of $2 companies doing legitimate business. I recently sold a $700,000 commercial property to a $2 company and they paid up on settlement.
The big questions are (a) is the iron ore there. (b) does NSL have a claim to the area. If those answers are yes then the money will be raised and the SP of NSL will jump. If not we lose. It is a spec and I'm happy to have a few specs and with luck one in three comes good. One in ten will probably make it worth the trouble. NSL could be the one.

 

[Scuba]

Re: NSL - NSL Health

***edited***
There are plenty of $2 companies doing legitimate business. I recently sold a $700,000 commercial property to a $2 company and they paid up on settlement.
The big questions are (a) is the iron ore there. (b) does NSL have a claim to the area. If those answers are yes then the money will be raised and the SP of NSL will jump. If not we lose. It is a spec and I'm happy to have a few specs and with luck one in three comes good. One in ten will probably make it worth the trouble. NSL could be the one.

That is positive logic in a nutshell.
Balance.
I know we will have the answers, right or wrong, it's just a matter of time.
I hold and will continue to do so until I see reason to be out...