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04/12/17
18:37
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Originally posted by Cash4you
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At these levels in my view it is such a good time to buy. Our plant is now proven and running 24 Hours a day with 3 shifts. We are about to order another new plant that will increase our production. I believe this is already fully funded. We have expertise and a proven track record and reputation to navigate the challenging Indian approval process. We also have our operations Director relocated and on the ground in India.
We just had FS put in 5 Million paying above current SP. We have now got 3 potential large customer that want our product. We have cash in the bank and are looking so much better then this time last year and yet the share price is less then half. We are also looking at being Cash flow positive early in the New year.
This is not taking into account the potential new pellet plant. We have missed some timeframes and it has been a frustrating past 12 months but I believe it is blue sky ahead. Once the court case is finalised this will also have a positive effect on the SP. We are entering into a exciting time for NSL and I believe the framework is finally getting firmly in place. Another 12 months of increased production and sales and we could be in a very different situation. I personally will be increasing my stake at these levels.
It will be interesting when the next quarterly report comes out. As suggest previously it maybe our time to shine.
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Agree with everything you said. Aslso, the outcome of ap14 and progression of our collab agreement with minera are another couple of things I will keenly be waiting to hear more on.