Had a nice chat with friends last night after a few company announcements came through including NSL. Overall, the consensus was (and from people who don't hold) was this was a major milestone for NSL as part of the Phase 2 plans. a good sized order and clear pilot plant upgrades are occurring.
Just something we all noticed as well was this statement by NSL in the announcement "The plant changes will incorporate the addition of a thickening circuit to the process flow to assist with water recycling"...
This could potentially be the reason why the Consent for Operation Red Category (Water & Air act) has not been approved yet. Perhaps better water usage ie. recycling needed to be implemented prior to approval and therefore why a final date for approval has finally been granted. Something to chew the fat on anyway.
One last thing, around 15mill shares changed hands yesterday, biggest day in a few weeks. feels like someone accumulated heavily yesterday....
NSL Price at posting:
3.3¢ Sentiment: Hold Disclosure: Held
