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Ann: NSL secures $10 million to expand production of wet plant, page-174

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Hadenuff

29 Posts.

33

16/05/18

13:58

Post #: 33134803
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Originally posted by joeborgo ↑

Well maybe because of these facts:

1. Two mines bought for $12 million and we are buying in ore to feed the plant
2. Two plants - Phase 1 who knows what that is doing - cost millions
Phase 2 who what that is doing and at what grade and what is
sold or what has been produced - cost millions
3. Another cap raising after we were told further expansion through cashflow and debt
4. AP14 and AP23 still in limbo 10 years later. What is the point of having government
backing if they can't even give us a mining license?
5. The steel plant- what ever happened to that? That was used as a BIG carrot to get
the options over the line. Pre feasability was supposed to have been done February
2017. So what was the outcome.
6. Consolidation - with my breakeven of 4 cents that means the share price has to go to
60 cents just to breakeven. This has become so much harder now IMO.
7. Cedric taking bonuses for something that he should be doing anyway and that he is already
being WELL paid for.
8. Dilution, Dilution, Dilution

Just some of the things that don't make me happy!!!!

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Unfortunately, I couldn't agree more.

And with hundreds of millions of shares hitting the books tomorrow, it just does not look good .....

NSL Price at posting: 1.4¢ Sentiment: Hold Disclosure: Held
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