Don't be fooled the the 1.3 wall - as we said in the other thread the 5million bid is a prop which got pulled as the stock hinted at 1.3 the other day and probably matches the buy at 1.0c of 5million... Obviously it's working though.
You will notice there are numerous people who got on this stock around the threads well before the HC post, and over the past year or so have watched NSL kick consistent goals amongst a difficult Indian backdrop. Production has already started and a heap of revenues are practically within grasp, as we all await purchase orders - scan back through the past announcements and you will see some of the companies we have established relationships with an expect these to come from (namely BMM and Sri..pipes, not to mention the MOU with the government). Admittedly the POs are taking a little longer than some had hoped, but that doesn't detract from the fact that they are imminent. I guess it's worth empathising with the fact that they are in (difficult) India and that no doubt they are seeking to broaden their client base.
Market cap is one that confuses a lot of us - the current 9-10m cap is obviously undervalued which is what attracts a lot of us to NSL. As Howard said ^^ Tim has sprayed numerous insightful posts around the place, and loves helping us out with some of the numbers. Check some previous threads and you will note what his predictions are from a numbers based potential outlook.
Obviously a lot of us hold bias as we hold the stock, there certainly would be opinions opposing it so do your own research but I would say given the current depth and the potential for announcements any day, 1.2c could be the last chance to get in cheap. If you get any at 1.1c, savour it.
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