Whatever way you want to look at it, NSL is going backwards. Yes the losses are less, but NSL is still losing money hand over fist.
"For the period ended 31 December 2017, the consolidated entity recorded a loss of $1,421,857 (31 December 2016: $2,872,242) and had net cash outflows from operating and investing activities of $3,019,961 (31 December 2016: $5,155,758). At 31 December 2017, the consolidated entity had working capital of $2,982,719 (30 June 2017: $352,261)."
The money in the bank is whats left over from the $5 million paid in Sept 2017, so in only 3 months NSL managed to spend/waste over $2 million, and now 5 months later the bank balance will be about ZERO. The latest quarterly report stated that NSL has just 7000 tonnes of IO in stock. so thats like peanuts. And you blokes think that its not another capital raise? Only problem now is that with a 1.4c share price you'll be looking at 400 million new shares to raise the same $5 million. .........3 billion shares here we come.
I do not understand why people invest in such garbage.
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