LRG, have a read of the thread and follow the links to the other sites too... With regard to management being new, NOT the management that drove the dental biz into the red... It's a spec, but has quite good prospects, spend the time and read...
Yeah, someone call and find out, then post here please? I'm really craving some good news here.
!#!#!#!#!#!#!#!#Dawi,
You are in the same position as anyone else to make a call to the company. You could call and then share with members, rather than waiting for someone else to do it.
!! This isn't being rude. Get a skype account, load it up with a few bucks, and call yourself. It's cheaper than local calls.!#!#!#!#!#!#!#!#
No need to be rude, Im in the US mate so unless you want to pay for my overseas call you do it
Hello YOUNG TRADER
You have not posted anything about NSL for quite a while. I am a bit unsure as too how long i will hang on. I am wondering if this really is just a "penny dreadful".
The latest ASX announcement says they are extending and reporting end of feb 08.
I hope this is positive news and the sp gets a kick cause it is pretty flat with low volume at the momment. I still am behind on this one having purchased at an avge around 2.9cents.
Then again I'm behind on others too due to the correction we had to have in markets!!!
Hi guys,
Just a quick one to start the thread,
Here's what I believe to be the next 2c-3c penny stock to run
It has all the hallmarks of the other penny's
Its has 300m shares on issue, which mean at a price of 2.4c its Mkt Cap is a tiny $7.5m
So what does it have that may cause a trader based run/re-rating?
It has an option to acquire an Indian Iron Ore company which has an exploration project with a target 200Mt's @ 60% Fe (See extract 1)
Now there seems to be a bit of uncertainty with respect to the target grade and I believe this is whats holding up the comany, (See rock chip extract 2 below) however even if the company end up with a smaller say 80Mt @ 60% Heamatite target (per Historical Govt records see extract 3) The Mkt cap would be $50m+ so the upside is nevertheless huge
This isn't one of my usual fundamentally undervalued stocks etc, BUT its a very cheap penny stock that offers alot of upside potential and thus should be re-rated and capped at least $15m = 5c given the potential it has
a very cheap penny stock that offers alot of upside potential and thus should be re-rated and capped at least $15m = 5c given the potential it has
I just rang Sean Harbury the company secretary, and they have the results back from India. He couldnt tell me a huge amount but he said that there will be a report shortly. Weather that means today or this week im not sure.
Sounds very very promisiing
I don`t think there will be any dilution of NSL shares, they state that the funding is coming via Austind, whether it`s part of the JV conditions or not, we`ll see.
Another float won`t harm though, they are very tightly held.
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