ELE - Elmore Ltd

[nioka]

Re: NSL - NSL Health

Hmmmmm really wish I hadn't traded this so much and had stuck wih my intial plan which was to buy some at 2c and hold and wait and see what happened as I thought a re-rating to 5c was a given based on the projects, really regreting not following my original plan, but witht he way the stock traded I just got so tempted to trade it

We all thank you for the info on this one. I traded it enough to get my original investment back and left the rest to ride free carried. It saves a lot of losses and does keep me in the play. it doesn't always work but it does most times. I have 12 free carried stocks at the moment and trying for 2 more which should come off in the near future.

Maybe NSL is still cheap why not put back the profit made previously with it?

 

[YOUNG_TRADER]

Re: NSL - NSL Health

Hi Nioka,

Yeah NSL may still be cheap but thats not how I play these re-caps

I buy them low soon after they are re-capped and I wait for a re-rating of say 100% ie 5c and take my profits

There are other re-caps so I'll just make sure I'm more disciplined in following my plan

Good luck with it

 

[LRG]

Re: NSL - NSL Health

so it has taken months to go up to 6 and 7 cents on pure speculation.

why, why is it taking so so long to get any concrete information on progress or lack of from this organisation???

it astounds me

 

[Synergy]

Re: NSL - NSL Health

Everything is still running within my expected timeframe. Sure there has been no update but we all know what they are trying to do, and the SP seems to indicate things are probably progressing pretty well. I would expect news of some sort this coming week. I think a few holders are probably starting to wonder whats going on. If we get into July without at least an update I'll start to get a little annoyed.

Lets just hope its this week.

 

[mineset]

Re: NSL - NSL Health

Any one have any idea when NSL/AUSTIND going to make there announcement?

What i understand this announcement should be out Imminent - here is to hopping. i have had enought in waiting.

 

[binginbarrel]

Re: NSL - NSL Health

Would they be holding out for a cap raising before they progress any further?
Surely the acquisition of Austind and the land purchase/s among other things cost money.

 

[eddie lives]

Re: NSL - NSL Health

Hi all, like you all i'm not liking the lack of announcements - so i've done some research to see if they actually have a mine!

Please add any further info you may know to my map, or let me know if i'm off track

6 december 2007 ann.:
Test work completed by the Indian Government indicates the ores are
amenable to beneficiation, and 65%+ concentrates are achievable.
• The deposits are easily accessed by sealed roads and village tracks 17kms
from the main town of Calicut, and are supported by power and
infrastructure and port facility.
Field reconnaissance work conducted as part of a site visit to the Kerala Iron Ore
Project India, has confirmed magnetite and hematite iron ore mineralisation
occurring over 3 separate hills, known as Iron Ore Hills 1-3 (NSL ASX
Announcement, 31 October 2007).

Calicut = Kozhikode

approximately 17km to the north of Kozhikode are large deforested areas (where red arrow is)

what do u reckon?

PS i hold

 

[Drubula]

Re: NSL - NSL Health

Good research Ed

Time will tell if what we are all waiting for by way of announcement becomes reality. I for one am holding a fair parcel hence whilst I am comfortable with the present scenario I too am awaiting the announcement. Maybe the delay might be a timing issue.

I would assume that those that are holding may well have done their research or not. Indian Iron Ore mining investments may well become the flavour of the week if what we expect to hear falls in line with the companies very recent announcements to ASX.

 

[eddie lives]

Re: NSL - NSL Health

agreed mate,
i'm not concerned with the delay either - the real concern is whether they have the tonnage they said they have

 

[sam76]

Re: NSL - NSL Health

agreed mate,
i'm not concerned with the delay either - the real concern is whether they have the tonnage they said they have

G'day Eddie,

I'm of the opinion that the tonnage originally mentioned will be at worst a bare minimum.

It just doesn't make sense to go unconditional on a 100% merger on anything less.

 

[eddie lives]

Re: NSL - NSL Health

i can't comment either way on the size of the deposit
but "Test work completed by the Indian Government" indicates that the figures given by NSL of 200MT beneficiated at 60% are not pulled out of thin air but are historical

the statement that NSL have "confirmed magnetite and hematite iron ore mineralisation" i'm not sure about - i've looked into the Calicut mining industry and it seems to have predominantly magnetite deposits in the surrounding region

also, there is a magnetite iron ore beneficiation plant with pelletizing unit in Calicut that NSL can avail themselves of

in terms of a comparison - AXO has approx 150MT not beneficiated at 40% Fe and a market cap of 150m
i understand that AXO are much further advanced but like i said previously, if NSL can match what they claimed this stock has a long way to go with a current market cap of 27m

 

[YOUNG_TRADER]

Re: NSL - NSL Health

One of the best performing stocks on the ASX for the first hlaf of 2008 no doubt

From 1.5c to pver 9c today!!!!!!!!!!!

Thats a 600% return or 6 Bagger

Well done to all those who still hold,

Just don't forget to send good old YT a bottle of Bolinger when your banking your squillians! :

 

[michael_selway]

Re: NSL - NSL Health

One of the best performing stocks on the ASX for the first hlaf of 2008 no doubt

From 1.5c to pver 9c today!!!!!!!!!!!

Thats a 600% return or 6 Bagger

Well done to all those who still hold,

Just don't forget to send good old YT a bottle of Bolinger when your banking your squillians! :

Hi YT, everyday this stock creeps up higher & higher

Btw how much do you value the stock at?

thx

MS

 

[eddie lives]

Re: NSL - NSL Health

just done some further research on AXO and
to clarify: AXO has a total mineral resource of 325MT at 43% Fe according to the 3 June ann.
of that 155MT is a probable or proven ore reserve economically feasible for mining

so the market cap of 150m takes into consideration the 325MT, which is still comparable to NSLs claim of 200MT @ 60% which is roughly 300MT at 40% before beneficiation

YT, i'll post u a crate if NSL come thru with the goods

 

[YOUNG_TRADER]

Re: NSL - NSL Health

One of the best performing stocks on the ASX for the first hlaf of 2008 no doubt

From 1.5c to pver 9c today!!!!!!!!!!!

Thats a 600% return or 6 Bagger

Well done to all those who still hold,

Just don't forget to send good old YT a bottle of Bolinger when your banking your squillians! :

10.5c TODAY UN-****ING-BELIEVABLE

Well done to everyone on board, well ****ing done

Now hows about the Bollinger for good old YT re-discovering this back Jan/Feb around 2c :

Edit: Ann just out wonder what it is

 

[michael_selway]

Re: NSL - NSL Health

10.5c TODAY UN-****ING-BELIEVABLE

Well done to everyone on board, well ****ing done

Now hows about the Bollinger for good old YT re-discovering this back Jan/Feb around 2c :

Edit: Ann just out wonder what it is

Yes should wait until annoucement is out , might be bad!

thx

MS

---------------------------------------------

 

[YOUNG_TRADER]

Re: NSL - NSL Health

Yes should wait until annoucement is out , might be bad!

thx

MS

---------------------------------------------

Michael who cares? Its run from below 2c to 10.5c that alone makes it amazing

I'm not commenting on NSL as an investment, I did that back when it was 2c saying it was dirt cheap with plenty of upside

What I am saying is that its performance thus far is mind blowing when you consider the markets

 

[cmh888]

Re: NSL - NSL Health

10.5c TODAY UN-****ING-BELIEVABLE

Well done to everyone on board, well ****ing done

Now hows about the Bollinger for good old YT re-discovering this back Jan/Feb around 2c :

Thank you, thank you, thank you! I bought after following this thread back at 2.4 cents.

Out of interest, what is your next tip for a run?
I have just bought some EGO hoping for a similar run to NSL.

 

[irondragon]

Re: NSL - NSL Health

Congratualtions to all the patient holders. Next week holders will see further big gains as announcement will detail at least 200 MT @ 60% Fe or equivalent as suggested in previous speeding ticket announcements.

 

[Agentm]

Re: NSL - NSL Health

i have been in the share twice, am currently out of it..

did anyone know what the background was on Austind international holdings pty ltd going into liquidation in 2003 - 2004??

its great to see the rock chip samples have given this company a 6 bagger thus far, i gather the same samples will further boost the sp in the weeks after the trading halt.. i am unable with my research to confirm the port is capable of dealing with the ore, and the system of transporting the ore to the port is parhaps going to be by barge?? i know theres a lot of miles between rock chip samples and a jorc report.. is it fair to say the drilling must have been done in record time and the results through for that geologists report?? or are the resource valuations done on assumptions??

the recap and the very hightened expectations has sure put a massive market cap on this recap.. but you only win if you cashed it up imho... good luck if your in this one!!


i remember the hype on HAO a few months back, sp flew on a few rock chip samples, then it died... even with BHP recently announcing being a major shareholder in it the sp is still nowhere.. lot of people bought there in the .30 range when it was hyped on HC... now its .8 cents even with a major like bhp as a shareholder!!

as i say, i hope that everyone wins on this one, good luck to all holders..