ELE - Elmore Ltd

[Largesse]

Re: NSL - NSL Health

hey there sam,

interestingly the company released a target resource quite close to my 1.4MT suggestion on HC a month ago.

and post announcement the SP pulled back to a trading range that i also suggested it may fall into.

it's funny how people get so caught up in the paper profits that they ignore the facts being placed in front of them.

sigh.

i still feel sorry for all the HC crew that had so much riding on this.
t'was an unfortunate gap down. 20+% gap down, hurts pretty bad.

regards to long termers,

L

 

[YOUNG_TRADER]

Re: NSL - NSL Health

Hey Roma,

When a company requests a trading halt they always include the "actual" request they send to the ASX, sometimes its just a 2 page ann with the trading halt and the request, other time like here its a seperate ann


If you read NSL's request fro trading halt they clearly say "NSL Health Ltd (ASX Code: NSL) request a trading halt from the Australian Stock Exchange effective immediately pending release of a detailed announcement in relation to a material transaction entered into by NSL."

So a "Material Transaction" sounds to me like an acquistion

Anything is possible as its got the backing of Steinpris

 

[r0ma]

Re: NSL - NSL Health

Thanks for the run down Young Trader,

Are you able to explain what is happening at the moment? I check the ASX;

BID: .080
Offer: .057
Last: .057

Does this indicate alot of buy orders have been placed during halt pushing the SP up?

Sorry my last post was removed, for to short.

 

[YOUNG_TRADER]

Re: NSL - NSL Health

Hey Roma,

Happy to help,

Currently the stock is in pre-open but not suspended thus its depth appears on the ASX,

What your seeing is the buys and sellers going up and they will match to give an opening price which currently is indicated at 6.1c

None of this matters though, what will matter is the announcement, ie what is this "Material Transaction"?

Good luck

 

[LRG]

Re: NSL - NSL Health

Another trading hault!

I wonder what is going on here?

haulted for 2 weeks at 10.5c.

predictions from those in the know that the open would be 5c - 40 cents.

open was 7+, falling to 5 cents - very disppointing to holders.

what is next come monday - 2 cents or 50 cents.

what i have noticed, is no one really can predict - there are just huge ranges "crystal ball gazing". Because there are such large ranges among the predictors of course there is always one in hindsite that says "as I predicted 5 cents" - please.

So here is my prediction based on my study of posts, announcements etc. By August 15 the SP will be somewher between 3.5c and 87 cents. run that through a monte carlo @ risk program all you engineering types!
:

 

[sam76]

Re: NSL - NSL Health

Looks like they have a shot at a producing mine.


RIGHT OF FIRST REFUSAL OVER PRODUCING IRON ORE MINE Matha

Mine Right of First Refusal NSL Health Limited (NSL) is pleased to announce that the Company has entered into a right of first refusal arrangement in relation to a producing hematite iron ore mine, known as the ¡ §Matha Mine ¡ ¨, located in Karnataka, South India.
The Matha Mine was identified with the assistance of the team from Iron Ore Hill Limited, however, it does not form part of the assets of Iron Ore Hill Limited. The proposed vendor (Kingsway Resources Pte Ltd) of the mine has entered into a binding purchase agreement with the current owner. The acquisition remains subject to completion of due diligence by the vendor. In the event the mine is acquire by the vendor, NSL will then have a right of first refusal to acquire it from the vendor. In the event the vendor acquires the Matha Mine, it has advised NSL that it intends to spend significant funding on exploration and project expansion over the following 6 to 12 months before entering into negotiations with NSL on a potential purchase. As such, this project has a medium term timeline for NSL. According to the vendor ¡¦s geological team that has conducted a review of the Matha Mine, it is currently in operation and is producing high grade Fe fines and lump ore grading 58 to 60% Fe. However, the exact tonnage of production has not been ascertained because the vendor ¡¦s geological team has not, as yet, been given access to accurate and verified production records. There is also scope for extraction of additional Manganese mineralisation (grading 28% to 30% Mn) under a proposed pit expansion proposed by the vendor ¡¦s local geological review team. The information above is yet to be verified by NSL and will be the subject of further due diligence. Under the terms of the right of first refusal, NSL will have an exclusive right of negotiation period with the vendor to acquire the Matha Mine (assuming it is first acquired by the vendor) for a period of 60 days from commencing negotiations. In the event NSL and the vendor are unable to agree terms, the vendor will be free to enter into negotiations with third parties, however, NSL will retain the right to acquire the assets at the same price offered to any third party (under a right of first refusal).
NSL Health Limited
ABN 32 057 140 922
21 Teddington Road, Burswood, WA, 6100
P: (08) 9486 2333 F08) 9355 4580

 

[YOUNG_TRADER]

Re: NSL - NSL Health

So a "Material Transaction" sounds to me like an acquistion

Anything is possible as its got the backing of Steinpris

I knew it, I just knew it,

Steinpris are deal makers and this is what they do best

Not enough info yet on the deal to make a decision on what it means for NSL, ie no JORC and don't know what the cost will be,

But the key is its a PRODUCING MINE sorta sets NSL apart from other specs

 

[JJKools]

Re: NSL - NSL Health

It seems that there is a lot more happening behind the scenes at NSL than what people think!

To be looking at a producing iron ore mine is a big deal and really demonstates that NSL have huge plans in India. YT is spot on in that it really separates itself from other specs. What is interesting is that its heamatite and the grades are quite good. Will be interesting when more details such as tonnages come thru...

im liking the story even more

 

[whatisthemason]

Re: NSL - NSL Health

I believe the good news for NSL holders is the fact the directors havn't dumped after the announcement at start of month, they appear to be interested in the longevity of the project and focused on setting some mile stones from prospector to producer.

The fact they are looking at purchasing a productive mine is also good news.

The bad news is the market is just unpredictable, simple as that, i've been watching the trades of the last few weeks, there hasn't been a lot of big players on this one, alot of small trades. Wait until a bigger fish gets hold of this one?

Young trader has provided a heap of really good posts on here so well done mate, your research is appreciated.

Personally i'm topping up to reduce the impact of dilution if it occurs..

good luck lads.

 

[LRG]

Re: NSL - NSL Health

look at SDL go today! up 40%

look at NSL tank - even when All Ords had a huge up day.

what is going on here with NSL & CAG?

has everyone lost confidence?

i'm in 2 minds whether or not to exit again.

very few posts too - strange everyone is in shock

 

[nioka]

Re: NSL - NSL Health

very few posts too - strange everyone is in shock

This is still very much a spec stock. As such it will be traded on the ups and downs and before and after announcements. In between the true believers will sit it out. As time rolls on a lot of the true believers lose faith (or need the cash) and drop beside the wayside. Each spike needs better news than the one before it. All you can do is re-examine the fundamentals and decide if holding is worth the risk in your own case. Shock is an emotion and should not enter into the equation.

A good rule for spec stocks. If the price ever doubles, sell half and get your initial capital back. That way the falls we have seen in NSL are not a worry.

 

[Drubula]

Re: NSL - NSL Health

Hopefully confirmation of the capital raising may be the filip for this stock. I would have assumed the PR department would have been in full swing to try and promote the Iron Ore Hill project to the market. Once investors have a better understanding of the project then maybe interest will return. Its now up to the NSL board to deliver. Still a longterm holder on this one.

 

[LRG]

Re: NSL - NSL Health

yes hoping, hoping, waiting, waiting, again, again.

I seem to buy & hold too long should have sold when it re-opened at 7c

but no again i just wait and hope like all the other holders

while the price heads south!

What is the go with NSL & CAG lately - people have lost confidence, haven't they - the market never lies???

 

[LRG]

Re: NSL - NSL Health

that's it for me - stopped out today at 4.0 cents.

I note that the close today was 3.8 cents.

No good news, seems to be bad news in the current market.

CAG not fairing any better today - back down to 2.0 cent close!

Only ones holding up at the moment (that I have a few of) are AOM, LOD & SDL.

 

[nioka]

Re: NSL - NSL Health

What is the go with NSL & CAG lately - people have lost confidence, haven't they - the market never lies???

The market never lies? The market is irrational a lot of the time and while it may not be telling lies as such it gives out irrational signals. An irrational market needs to be balanced with a fundamental reality check. The best time to buy is when a fundamental analysis shows an irrational price plunge that is not supported by the fundamentals.

NSL and CAG are spec stocks. The same possibilities are there today as they were yesterday. If you are a believer you hold if not then you have to make a choice.

 

[LRG]

Re: NSL - NSL Health

nioka, thats fine if you can handle the pain of the falls.

I previusly held 2M of these from the beginning of the year at avg of just below 3c and they went to about 4c and then tanked and i offloaded at 2c about 5-6wks ago. Of course this was the low!!!!

then i bought a qtr parcel back at 2.6c thinking I made a mistake. Watched them go to 10.5c then go into a long trading hault.

people spec'd on this site they would re-open anything from 5c- 30+ cents.

but they opened in the 7's and have basically tanked since. So I am 60% down again from the 10c area it was at.

hold all you believers, you may be right, but you may be wrong too.

at the end of the day it is all just opinions.

in a few days/weeks when it is back ti 2c I will buy in again.

if it goes up, from now - good luck to all that hold still - but there are so many of these penny stocks - the trick is not to be too greedy or not too much of an expert "crystal baller" - come on - no one really knows. Look at twiggy, many thought he was an idiot. Flipside: Allco, MFS, RHG, BNB, BBI aust "safe as houses" BLUE CHIP banks! 10's of stocks have devalued by 50-95% in the last few months that were suppose to be successful businesses. It is all just one giant casino when "the sh.t hits the fan" as it is now. Bargain hunt in your super fund now for the long term.

short-term trading is very difficult at the momment whether you go short or long.

 

[Bear market]

Re: NSL - NSL Health - The Good Oil

Hey, I’ve been watching and listening to the Chinese whispers for some time. The too-ing and fro-ing on all of this. Now before I jumped in I DMOR. I also saw the Today Tonight piece. This what I have nutted out on David Catsoulis, Austind Iron Ore-NSL Health-Iron Ore Hill. If you’ve read Nobeatrer, then this backs his claims. Why have I done this? Because I was approached to invest in NSL Health. So off to the tip I went and this is what I found. In as much detail as possible too..
The business ventures:

HEALING POWER CM Ltd: Liquidator Grant Sparks, PPB Brisbane 07 3831 2700. Owned nothing! No assets. No IP. No product. Call the liquidator’s if you want to know. Catsoulis raised several million in capital which vanished. Nothing recovered. Few records to show where it was spent, directed or invested. ASIC's is aware of the dealings. Former chairman Grant Latta and most former director's (including Dr Michael Wooldridge and Allan Border) quit together in '05. In the TT story it was acknowledged AFL star Jason Akermanis was paid $100k by a third party to retract his statement. Why $100,000? It’s equal to the amount Aker lost in the venture. Other sportsmen and well known faces have lost money but are too embarrassed to speak. Here’s a tip, ask a guy called Bill McDonald? He’s been relentless in chasing answers and is not far off completing the jigsaw. In the end Gerry Williams (NGT Travel Melb) wound up Healing Power.

BLUE SKY FOUNDATION: Liquidator Worrell's Solvency & Forensic Accountants 07 3225 4300. An unregistered charity that raised $1.5m for kidney research – only $1500 accounted for before it was wound up with $26k debt. Records? What records? The charity was run by Mr & Mrs Catsoulis – currently undischarged bankrupts. Ask Kidney Australia, Qld Uni, patron Allan Border and others on the website where $$ went. Justin James is listed as chairman of the charity. Catsoulis was in charge when it collapsed.

INDIAN MINERALS: A previous mining venture. Lots of investor $$ raised & spent. Among those who are said to have lost money were are and ex Flight Centre boss and a prominent member of Brisbane's Greek community.

Now for some fun go to this website http://www.who.is/ and type in his website domain names. You’ll find there’s restrictions on them being altered, deleted, transferred or updated. Why? Go and check other website domain names and there are NO restrictions.

I'm NOT one of the many who were caught in the Healing Power CM Ltd collapse, so there is no agenda on that front. I just didn’t like the fact someone tried to take me for a fool on his most recent money raising deal. Don't take my word, Google and work the phone. Now if you lose money, it’s your own stupid fault!

 

[Scuba]

Re: NSL - NSL Health - The Good Oil

Hey, I’ve been watching and listening...
***edited for brevity***
Now if you lose money, it’s your own stupid fault!

The fact that this was the first post you've made is the most interesting part for me. Lurker or new username? It seems to me that there have been a few (questionable) posts to this thread... (Gotta love the Specs)

Personally, small investment, sold a parcel at top, made a small profit and the rest is free ride. I still hold some...

 

[Bear market]

Re: NSL - NSL Health

Not really a lurker. But that information obviously caught someone's attention as it was posted it on HotCopper. Also all the website's that were mentioned have now been pulled. Which is good to see. Now the question is where is David Catsoulis? I googled his name to see what was happening with Iron Ore Hill and if there was any announcement. Not a trace. Can anyone help? Has the capital raising slow down?

 

[sam76]

Re: NSL - NSL Health

David Catsoulis was a consulting Geo for NSL.

He has nothing to do with the company now.

Let the man be.