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ELE - Elmore Ltd

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Re: NSL - NSL Health

Well looks like another day with-out any announcment again.
I am quite sure that it wouldnt be to far away given the amount of time taken to prepair it, In saying that things do look very nice on the price side of things and volumes traded.:)

Hopefully we will all see something soon the suspence is killing me ( and the rest of you guys as well i bet).:D
 
Re: NSL - NSL Health

We dropped 8m shares worth of weak holders and picked up some new and enthusiastic holders at 3.7 - 4.1c today as well as builing some good support just under 4c. A few more days like that and I think i can wait a bit longer.

I think the SP movement on release of the announcement will be intersting. I suspect there are going to be a lot of holders looking to exit, and possibly a lot of uninformed non holders jumping in when they see a $10M health company with a heap of iron ore.
 
Re: NSL - NSL Health

Synergy said:
We dropped 8m shares worth of weak holders and picked up some new and enthusiastic holders at 3.7 - 4.1c today as well as builing some good support just under 4c. A few more days like that and I think i can wait a bit longer.

I think the SP movement on release of the announcement will be intersting. I suspect there are going to be a lot of holders looking to exit, and possibly a lot of uninformed non holders jumping in when they see a $10M health company with a heap of iron ore.
Click to expand...


Yep I agree Synergy I think that it will be an interesting day upon release of the ann. Lets wait and see if indeed some of those people acctually exit if that type of ann happens. That would be very strange indeed if the deal goes through and people exit a potential big winner on the asx.
 
Re: NSL - NSL Health

Good movement in price yesterday, but announcement appears to be still a while away yet. The issue now is will holders continue to hold after buying in the high 4cent price range. Plenty of scope but we may need to be a bit more patient. After having spoken to Faldi yesterday about the lack of announcements from the company he advised that there is still alot of ongoing discussions with Austind. No mention of Geo's report so we may need to wait for how long no one knows. I will sell some of my holding and buy back in early June.

Thats my dilemma as an NSL holder.
 
Re: NSL - NSL Health

YOUNG_TRADER said:
The risk is one day they firm up the project as NSL offers huge upside should they firm up a resource, then the 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 :banghead:
Click to expand...

lol well looks like its time for a bit of :banghead: as my trading plan of buying NSL in the low 2's and selling in the high 2's has left me out in the cold,

On the sidelines watching with interest/envy lol

Can't get em all :banghead:
 
Re: NSL - NSL Health

Sorry to hear that YT, but who knows, it could come back down even faster? :eek:
My feelings were that it might just run a bit higher so I held this time...

Looking at the buy/sell depth on comsuc, buyers have thinned a bit. I wonder is the smart money coming in now for the volatility and not placing their orders until they buy and sell at market so as not to telegraph intent. Given NSL traded today in a range between 4.4 and 5.2 cents, that is surely enough volatility in the day to allow for some tidy profits for the Techies. It wouldn't surprise me either to have some substantial purchases being split into parcels for similar reasons to the aforementioned...

Also, I wonder if the some of the ramping and rumour is starting to take hold and we will get to see something dramatic occur over the next few weeks. Look at what happened to FDL and then have another look at MXR too...
 
Re: NSL - NSL Health

A merger between NSL and Austind... patience looks like it is about to reward the believer's :cool:

Announcements to follow... :D
 
Re: NSL - NSL Health

Thanks moneymajix! I've been out every day for weeks and didn't see it on comsuc, would have missed it until they posted it... :eek:

Not quite fait accompli yet though...

Regards,
Scuba (who holds... ;))
 
Re: NSL - NSL Health

Very nice :D

Looks like we'll have 2 things within a month:

- Confirmation of a merger - no more 25% stake for NSL?. I assume this is very positive news.

- An official resource - In line with expectations. As far as I can see their stated figure is at least 200MT at 60% Fe. So we can expect something over 200MT.

So now everything appears to be go, and the risk is far reduced, what will the SP do tomorrow. I'm keen to buy more so hopefully it will drop...
 
Re: NSL - NSL Health

Well shut my mouth, now we know why such interest in NSL in the past two weeks.

Could be a DT day today and for the rest of this week.

Goodluck to all NSL holders.
 
Re: NSL - NSL Health

Look I have been reading some of the ****e written about possible valuations on this company on another site (cough..HC..cough) was wondering if YT or some other expert on this forum could do the numbers in an objective non-ramping way.
 
Re: NSL - NSL Health

YOUNG_TRADER said:
Hi cmh

Your right, NSL will have to issue 1Billion shares if the project JORC's 200Mt's@60% Fe minimum

So current shares = 300m + new shares once JORC = 1000m Total = 1.3 Billion + say 200m more for some extra cash = say 1.5 Billion

But then for all this to happen the company will have a JORC 200Mt@60%Fe deposit, the EV on this at $10/t = $1.2 Billion

You divide that by the 1.5Billion shares on issue and it equlas a share price of about 80c

Now if they JORC more than 200Mt's they have to give even more shares, but bottom line is who cares, the current SP is 2.5c

So regardless of how much they issue, it will only be issued once a 200Mt @60%Fe project is confirmed and as I've shown the EV value of this is over $1Billion Dollars,

So do the math and you'll see no matter which way you slice it at 2.5c and a mkt cap of $7.5m its cheap given the potential upside it offers
Click to expand...

Heres a valuation YT had prepared long ago that may help you out. Cheers mate. (cheers also YT) :2twocents
 
Re: NSL - NSL Health

You divide that by the 1.5Billion shares on issue and it equlas a share price of about 80c

mind you that`s with 1.5b new shares, may not even be diluted now?
 
Re: NSL - NSL Health

HI guys,

Looks like NSL has stalled a bit today, not moving as well as expected, maybe the buyers are drying up on waiting like everyone for more news. As only moving 3/4 of a mill in volume at 11pm, I would say the run is over and a claw back is in motion till the announcements come thru...love to see those announcements ASAP hey...

Just looking for some advice, I have tried heaps of different stock market data reporting programs, meta stock, stock easy etc, etc, etc, is there one that most of you guys agree is worth the time and money...any advice or suggestion before spending a lot of money...? Can I have some PM's so it doesnt go thru this thread...

Thanks in advance
wrench
 
Re: NSL - NSL Health

Good finish for the week by NSL. Very surpised why the stock was down sold the day before for a low of .042. (DOW maybe) I say thankyou very much to those that sold. Now we all wait over the next week or so for that Geo report that will surely test our nerves whilst we continue holding or sell.
 
Re: NSL - NSL Health

There is over 86,000,000 unlisted options @ 1.2 cents

There was a "3B" ann converting 100,000.

At current price, 5.1 cents equals $5100.

What in names sake would someone convert options, of that amount, to receive so little?

What am I missing?

Then the other 80 odd million options....they have not been taken into account if/when results of the rock chip samples come in, or have they?

Re-reading last ann gets to to believe no ann will come this week as they stated "at least two weeks" for an ann. Then later on in the ann (in the same letter) they want to pass on to independant geos before releasing anything. I'm sure that was already in place when the samples came back to Australia?

Do others see it this way or is my impatient qualities?

Surely NSL are aware stock holders are frustrated that there hasn't been any update lately other than a poor excuse for a speeding ticket?

By reason alone, SOMEONE must know something about the rock chip samples. Concerned why the stockholders haven't been told.

All we receive is there is a possible merger? Are they delaying info to the shareholders? Or am I impatient?

Dec. hold NSL
 
Re: NSL - NSL Health

With thanks to Bradbvd on HC

For those interested, and those that haven't panic solid and given their shares away at 4.7/4.8 today, the following is from Craig Duncombe, CEO of Austind Iron Ore Pty Ltd.

The board of Austind Iron Ore has the following statement to make in relation to the story aired on 27 May 2008 and Mr David Catsoulis.


'Mr David Catsoulis had previously been employed as a consultant by the Company for his undoubted skill as a Geologist and for his expertise in managing political issues in India. Mr Catsoulis does not now and never has had a day to day role in the management of the Company nor has David been an officer of the company. David resigned from his consulting position with the Company on 30 March 2008.

Mr Catsoulis was most forthright in advising the board as to the potential issues of his past business dealings and has made statements to the board in communications today that, to the best of his knowledge, there is no truth to the allegations made in the program as aired. Indeed David has tendered documents to the board that suggest that issues raised in relation to the persons mentioned in the program have been resolved. The board has sighted communications to this effect.

The Board of AIO is unaware of any issue or concern in relation to the story on Mr Catsoulis that will affect the operations of the company going forward and looks forward to delivering shareholder outcomes in line with our strategic plan into the future.'

So relax people, nothing has changed...hold on to your shres and don't fall for the manipulation on the buy side, the base is set.....
 
Re: NSL - NSL Health

Up %20.41 so far today on 9.46 million shares traded, bouncing around the year to date high as I type... :D
 

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