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