All good stuff ... POs have not materialised thus far. December, January, Febuary, and hence the sell/buy roadblock.
IMO, if a deal has been secured on POs, the SP would be pushing hard on the upside. Thats business and so far there is a dragging out of the key element of this business... no PO = no cash flow.
Lots of posters have speculated about the imminent POs and still nothing.
So my question to the posters who said POs by Dec and the POs by end of January is... what are your new PO timelines?.
IMO, there is some strange malarcky going on at the moment. And please guys don’t fling me the usual line about selling if I don’t like what is not happening.
I still have a buy on NSL, but the PO is critical and my guess is Ced is getting screwed to the wall on price. No deal until everyone gets their cut.
AIMO and cheers
M1
NSL Price at posting:
4.0¢ Sentiment: Buy Disclosure: Held
