What a joke NSL is!!! Why would any smart investor want even a single share in NSL?
With a market cap of $42 million, NSL is already overpriced.
NSL shareholders need a reality check. Compare NSL with some Aussie miners. Take GRR for example, has a market cap of $190 million, with $180 million in the bank, just paid a 1c dividend this week ( Fully Franked I add). Produces 2.5 million tonnes of 65% high grade iron ore pellets commanding a US$50/tonne pellet premium.
Its actually an insult to compare an Aussie company like this to NSL,.
NSL , announces that it has a 7000 tonne stockpile ( still laughing, who would even bother to mention a lousy stockpile of 7,000 tonnes) Grange, GRR usually has 200,000 tonnes of pellets stocked ready for shipping at any one time.
Wow, NSL expects a 10,000 tonnes of production for April. What a joke, surely you blokes can't be serious and think that NSL is worth even .005c. Grange produces 200,000 tonnes of 65% pellets every month.
Even dreaded AGO makes NSL look like a disaster.
Poor Cedric, what a fool if he really believes that management is pleased with such miserable production figures.
“Management is pleased with the recent strong performance of our beneficiation plant. We now expect that the performance resulting from these improvements will deliver a notable boost to our ongoing monthly production figures, hence April expectation of a minimum of 10,000 tonnes of production.
I wouldn't even touch NSL at .005c. When will the next capital raise be announced? It can't be far away.
NSL Price at posting:
1.6¢ Sentiment: Sell Disclosure: Not Held
