email to the board not happy, page-11

Hi bottomup
The burn rate will be slower due to deferring Directors' salaries and other cost cutting measures.

I really missed the key point in my summary of discussion.
Cedric said "we have the cash to fast track manufacturing of beneficiation component of plant and add to plant already on site". Cost of manufacturing in China is a fraction of having it done in Oz.
Their goal is to get production, even at a limited rate initially, up and going for cash flow.

Talk of new shareholders(multiple)is not correct.
The only new one would be the financier. They are now just waiting for financiers to put forward their offers and of course this will almost certainly include an allocation of new shares to give them equity in NSL. I would expect the final choice will be one who also wants the production from mine and future/expanded resources.

I did mention other acquistions they were looking at. One is very close but time ran out while Cedric was in India to negotiate MOU.
This may well be the first positive news we hear.
Can't say much more than that. It's all I know.

Remain patient and remember, these are uncertain times in global markets. Do NOT be over exposed with any shares you hold. The uncertainty also means a good news story can be very rewarding and bad news a killer.