I have been reading this thread with great enjoyment and every one keeps referring to Magna which is true they are the key to NSL right now, but what amazes me is people thinking that Magna would take a $4mil USD risk on a company that they believe has no future. If that is the case and NSL fails, how do they get a return on their investment or at least their money back?
Another point I would like to make that the last two of take agreements have come from tier 1 producers in India who are obviously well aware of NSL's funding position. So it leads me to a very important question "Why would they waist their time testing product and negotiating off take agreements if they have no hope of it ever being delivered ?" To me the answer is simple, and I may be wrong, but their will be plenty of money for NSL lining up once the purchase orders start flowing in.
Just me thoughts, DYOR.
NSL Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held