ELE - Elmore Ltd

[Scuba]

Re: NSL - NSL Health

Looks like we're up a bit today so far on small volume. Commsuc shows buyers @ around 13 mill to 8 million selling...
Ready for a bounce are we?
Wha do the techies reckon?

 

[YOUNG_TRADER]

Re: NSL - NSL Health

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.

Kenna $15/t is the current avg EV (Enterprise value) given to Iron Ore projects, however this is usually only attributable to HAEMATITE JORC's ie 55%, or a historic resource with evidence of some drilling and good hits,

For a target resource I'd say 10% of this is fair ie $1.50/t however this is still only for Haematite, if it is a combination of Haematite and Mag then I'm not sure what sort of EV for prospective t to attribute

I'm still treating NSL as a cheap spec play with huge upside but high risk too

 

[sam76]

Re: NSL - NSL Health

So using Drubula's formula and changing ppt to $1.50

Targetted Resource (mt) 200,000,000
Fe 50%
Extracted IO (mt) 100,000,000
Price per ton (net) Per Ton $1.50
Value 15,000,000
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 11.5 cents.

Does that sound right?

 

[copper_hot]

Re: NSL - NSL Health

This stock is extremely high risk and very easily manipulated by traders as we saw today. Ran upto 3.3c after a slow start and closed at 2.8c once several large buy orders disappeared.

Bit annoyed but made most of the run up today to dispose of all my holdings. Got a close eye on it though.

 

[irondragon]

Re: NSL - NSL Health

This stock is extremely high risk and very easily manipulated by traders as we saw today. Ran upto 3.3c after a slow start and closed at 2.8c once several large buy orders disappeared.

Bit annoyed but made most of the run up today to dispose of all my holdings. Got a close eye on it though.

Actual close price was 3 cents (last traded time at 15:32:12)

High risk = high reward, satisfied to keep holding.

 

[Scuba]

Re: NSL - NSL Health

Are we getting into trading diary posts now too?

How about something of value to all of us rather than what you buy and sell?

Again, what do the techies think?

disc; I hold

 

[Sean K]

Re: NSL - NSL Health

Are we getting into trading diary posts now too?

How about something of value to all of us rather than what you buy and sell?

Again, what do the techies think?

disc; I hold

Could be a bottom around 2. Making some higher lows and highs, heading toward 3.5 where there'll be lots of resistance. EOD close above 3.5 and it might be classified as going up, instead of this mid term sideways push since Oct. Had a few intraday spikes which failed badly, so I wouldn't count chickens until strong EOD close and follow through, and a test of the new support.

 

[Scuba]

Re: NSL - NSL Health

Hiya kennas and thanks, I noticed 3.3 close when I got in this arvy. Looks to me like alot of trigger fingers are poised on "first pressure" waiting for an announcement, those holdiing are content enough for the moment, but any news could send it tumbling... Like YT said, spec stock that could go well...

Reasoning...
1 Given the "sideways shuffle" on a slight incline on the last few days and alot of red in my watchlist...
2 Commsuc showing Buyers for ~ 20.67 mil, Sellers for 8.01 million shares...
3 Lots of rumours about impending news...

Does this make sense anyone?

R&R is a bit like the GG's though, but the upside??? Let's see if she goes this time...

 

[Birdster]

Re: NSL - NSL Health

Are we getting into trading diary posts now too?

...

Agreed. I remember visiting a forum that posted the current sp at the time of the post. Great for reading back through posts and comparing posts to price changes. Very tedious going back and forth between graphs, post dates, etc... - Could be a brilliant update to this site.

As to NSL, last ann suggested the meeting to be in April, along with other info as "the DC letter" and mates at funerals who know someone...

All this tends to raise attention to the company with WOM.

With an ann due shortly as per last ann, I feel that's the main reason for movement. Curiosity has got me more than anything else what the results are.

Dis: Holding stock in NSL

 

[taboon1]

Re: NSL - NSL Health

Lets not forget that NSL still has the option to aquire Austind outright following the completion of the initial exploration targetting an exploration potention of 200mt of iron ore at grades of >60%. Now that would mean that NSL would have 100% interest in the company....

IMO the Austind is in effect the broking company in India.

 

[pan]

Re: NSL - NSL Health

When are the quarterlies due? whats the chances of getting the results released with the quarterlies release?

 

[shaunm]

Re: NSL - NSL Health

I'm starting to get the feeling that the market is getting a little impatient with NSL.
I am.....just a tad.
When can we expect these damn figures?

 

[Pimping]

Re: NSL - NSL Health

Shaunm you are getting impatient? I have been holding since late Jan when I was expecting this stock to announce good results in the form of JORC... I am getting very frustrated and hope that the news is not too far away?

 

[Kobsy]

Re: NSL - NSL Health

Friday close for NSL Health

Close at 3.1 Friday. 11mil volume. Positive

Monday will be interesting imo

Cheers Kobs

 

[pan]

Re: NSL - NSL Health

http://news.theage.com.au/junior-iron-ore-stock-prices-skyrocket/20080502-2aa4.html

"The confidence is coming back into the small end of the market,"

 

[shaunm]

Re: NSL - NSL Health

So does anyone want to put some money down that an announcement is due tomorrow or Thursday?
Look at the share price go....someone knows something.

 

[Scuba]

Re: NSL - NSL Health

So does anyone want to put some money down that an announcement is due tomorrow or Thursday?
Look at the share price go....someone knows something.

I got in early today and came back to look at price...
I think the $62K buy of 2 million units @ 1125 might have had something to do with it?
Looking at the buyer to seller ratio, there's been a change too.
Would like tomorrow, but will be out...

 

[Drubula]

Re: NSL - NSL Health

I think the announcement we are all expecting is still a while off yet. Still its a day traders joy for the present time.

 

[binginbarrel]

Re: NSL - NSL Health

Still waiting, still holding.
A fair bit of action in trading NSL lately, hype but no news.
I think this runs well on a bit of HC petrol.
Looking quite thin on the sell side, I continue to wait.
Other than that nothing to say with any meaning.

 

[Drubula]

Re: NSL - NSL Health

A day primarily based on hype. Announcement still a while yet away. Noticed on another forum 2 weeks away. Must be speaking to the gatekeeper. Talk about ramping up the stock.

At this stage still a shell company and on hype only.