I must say a capital raising was not something I was expecting.
From reports and conversations I had with NSL it appeared all was going to plan and I was advised by Sean recently cashflow wasn't an issue and the Letter of Credit was more than required to meet current committments.
If I had to guess, the only thing I can thunk off is another 'Bolt on' opportunity has presented itself and they are raising acpital to secure an opportunity.
I guess we will all find out in due course ?
NSL Price at posting:
19.0¢ Sentiment: LT Buy Disclosure: Held