ELE - Elmore Ltd

[Birdster]

Re: NSL - NSL Health

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

.........

AgentM

From where are you getting this information from? Can you post a link to this information or is it a "heard from someone" rumour?

I haven't read this one ...yet

 

[irondragon]

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??

I think you will find that this is a totally different company. NSL is planning to merge with Austind Iron Ore Pty Ltd .

 

[Agentm]

Re: NSL - NSL Health

google austind and liquidation.. its right in government gazette

its not austind ,but a company called austind holdings,, such an unusual name and i wondered if in the past it was connected wih the private equity?

just asking for clarity, may not be anything.. i was asking if anyone knows if there was any connection???? probably nothing at all??

http://www.asic.gov.au/asic/pdflib.nsf/LookupByFileName/ASIC_B37_04.pdf/$file/ASIC_B37_04.pdf

i am looking forward to the next announcements and how this plays out.. will it make everyone their fortune??

btw i am out and stuck fast in another stock, hence the position of being in and out a few times..

 

[Drubula]

Re: NSL - NSL Health

AgentM

Time will tell if we NSL holders are on a winner. It has been a long journey and most certainly many many hours of research. IMO I beleive the news will only add value and stability to the shares and if the media havent taken note of late, I would hesitate to guess they may well come Monday or Tuesday.

I certainly have been happy with the ride from .019 to 10.5 and hope for it to climb higher for the long term not just short. Will the DT have a field day once the announcement is released, well thats another story.

I always say research, research and more research before you part with any of your hard earned money. Forums are only a guide.

 

[Synergy]

Re: NSL - NSL Health

So what sort of market cap/share price are we looking at if a 200MT deposit is released?

Will there be talk of more shares being issued in the same announcement?

Will there be merger talk in the same announcement? We're still only looking at a 25% stake officially aren't we?


Fun times ahead

 

[sam76]

Re: NSL - NSL Health

Morning Synergy,

This is taken from another site, it was written up by Eddielives, whom I believe posts on this board as well.

My gut feeling is there is more than 200mt there, hence the eagerness to change from 25% JV to 100% merger

With thanks, Eddie




agreed,
the lack of news is fostering rumours and worthless banter -
it really doesn't require that much discussion

if u believe the story that they have 200MT then the market cap is tiny

if u think they are full of **** then don't hold

IMO, the reward for holding if they do have 200MT is well worth the risk given that:

Market Cap ($Mill) $21
Actual Share Price $0.07
Number of Shares (Mill) 303
200MT @ 60%
100% interest if merger goes thru
Ore Resource Total (MT) 200
Iron Grade 60% (beneficiated)
Total Fe Owned (MT) 200
Total Fe Recoverable (MT) 120.00
Evaluation ($/Tonne of Fe) $0.18

by comparison BRM's EV is $/per tonne = 4.5

DYOR - i'm a long term holder

 

[Synergy]

Re: NSL - NSL Health

Cheers Sam,

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

Are you still happy with the 80c valuation YT?

is the $10/T still realistic?

I'm away from a computer after monday morning so am planning ahead

 

[eddie lives]

Re: NSL - NSL Health

hi synergy and sam,

agreed, the merger must be a better deal than a 25% JV
so i think maybe a 50% deal with 300m new shares?

in any event, that would give us a market cap of 60m at the current share price

that is still much cheaper than a comparable sized magnetite compnay - AXO which has a market cap of 150m

 

[Agentm]

Re: NSL - NSL Health

AgentM

Time will tell if we NSL holders are on a winner. It has been a long journey and most certainly many many hours of research. IMO I beleive the news will only add value and stability to the shares and if the media havent taken note of late, I would hesitate to guess they may well come Monday or Tuesday.

I certainly have been happy with the ride from .019 to 10.5 and hope for it to climb higher for the long term not just short. Will the DT have a field day once the announcement is released, well thats another story.

I always say research, research and more research before you part with any of your hard earned money. Forums are only a guide.

hey drubula..

i did do some research on this one, and have been in twice as i have said, and currently out..

the austind question has not been answered, so i wonder what it was about..

the names Healing Power, justin james, austind and blue sky and chairman and liquidation all have connections as well as catsoulis.. unless those things are explained i tend to be cautious right now..

cheers

 

[irondragon]

Re: NSL - NSL Health

i did do some research on this one, and have been in twice as i have said, and currently out..

the austind question has not been answered, so i wonder what it was about..

the names Healing Power, justin james, austind and blue sky and chairman and liquidation all have connections as well as catsoulis.. unless those things are explained i tend to be cautious right now..

cheers

As far as I can gather, Aust Ind Iron Ore PTY LTD (AIO) is totally unrelated to the 2004 deregistered Austind International Holdings Pty Ltd. AIO was registered in September 2007. The only similarity is the word Austind, btw, Austind also is a shortened representation of the words Australian Indicies.

James Justin has the right credentials for the current Indian iron ore project. David Catsoulis in his own right is a qualified geologist with vast experience, and his knowledge and expertise would be an asset to AIO/NSL. He has also been a millionaire who became bankrupt. The positive from this is that usually if one becomes a millionaire at a relatively young age, or by having vast worldly experience in their older years, the drive, ambition, connections, etc are usually still there for it all to happen again. Best example is Twiggy of FMG fame, look at how he bounced back from his previous business failings.

On a side note I have just noticed the following lodgement to ASIC from AIO : 26/06/2008 :

484N Change to Company Details Changes to (Members) Share Holdings

Looks like things are starting to progress quite quickly. Merger announcement possibly not too far off now

Good luck to all holders.

 

[Agentm]

Re: NSL - NSL Health

As far as I can gather, Aust Ind Iron Ore PTY LTD (AIO) is totally unrelated to the 2004 deregistered Austind International Holdings Pty Ltd. AIO was registered in September 2007. The only similarity is the word Austind, btw, Austind also is a shortened representation of the words Australian Indicies.

James Justin has the right credentials for the current Indian iron ore project. David Catsoulis in his own right is a qualified geologist with vast experience, and his knowledge and expertise would be an asset to AIO/NSL. He has also been a millionaire who became bankrupt. The positive from this is that usually if one becomes a millionaire at a relatively young age, or by having vast worldly experience in their older years, the drive, ambition, connections, etc are usually still there for it all to happen again. Best example is Twiggy of FMG fame, look at how he bounced back from his previous business failings.

On a side note I have just noticed the following lodgement to ASIC from AIO : 26/06/2008 :

484N Change to Company Details Changes to (Members) Share Holdings

Looks like things are starting to progress quite quickly. Merger announcement possibly not too far off now

Good luck to all holders.

thanks for the reply, i think what your saying sounds very credible, and i agree with the sentiment and the things your portraying..

i really do wish in a way i was in this a bit more, but my plans and timings are else where,, best of luck and i sincerely hope the investors make a brilliant return in this,, cheers..

 

[pan]

Re: NSL - NSL Health

NSL have asked for voluntary suspension while they get documentation sorted out for the merger. News with 5 business days.

To do with geo results and merger.

One other thing- What about capital raising. They a going to have to do it at some stage.

cheers

 

[LRG]

Re: NSL - NSL Health

IMO things are probably looking north bound for the SP once it is taken off halt on fri or mon.

sounds like positive news suggested is coming - but who knows for sure until the ann is public??

I hold a few but not any where near as many as I did in jan/feb when this was getting all the thread action initially.

anyway, lets see what happens next week

 

[Drubula]

Re: NSL - NSL Health

New Iron Ore Hill Website

http://www.ironorehill.com/index1.php

Is this the merger we are awaiting confirmation for.

Cheers

 

[wipz]

Re: NSL - NSL Health

Welcome to the Iron Ore Hill Ltd Web Site

We will soon be merging with NSL Health to further develop our Iron Ore Project in India.

 

[LRG]

Re: NSL - NSL Health

So where oh where is the announcement to ASX?

When is the trading halt coming off?

NSL always seem to be less timely than they suggest they will be.

 

[pan]

Re: NSL - NSL Health

website not working.

may be a good sign of things to come.

I thought there would of been some sort of news? It has been 5 working days?

 

[ans25]

Re: NSL - NSL Health

So where oh where is the announcement to ASX?

When is the trading halt coming off?

NSL always seem to be less timely than they suggest they will be.

Perhaps due to bad market conditions they are waiting for a green day to release and open up(?)

I could be wrong but in hindsight it may be a good call by NSL

 

[LRG]

Re: NSL - NSL Health

well we could be waiting another 48 hours at least then!

DOW futures are looking toward yet another bad night and down day on WEd in Aus markets.

It is frustrating this waiting game! :

 

[ans25]

Re: NSL - NSL Health

Frustrating short term but maybe better as they want it to open up with a flurry of momentum and not people selling out to make ends meet.