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Oscar09

26,853 Posts.

1309

25/07/15

19:43

Post #: 15694192
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Originally posted by Just Magic ↑

The sectors moving on asx are tech and graphite.

I understand what you are saying with India and the domestic iron ore market Tim but there is a reason why no other asx companies are operating in India. I think it because India is a nightmare to do business, the goal posts constantly move and the legal system is nothing like here. Transparency certainly isn't one of NSL strong points either, even the litigation amount for $2.5 million was buried in the quarterly. Also hard to get a read on exactly what Magna's position is.

Does anyone know if they have to disclose Magna's current position in reporting and if they have been selling and what they have sold todate ? It looks like Magna have cleverly kept their shareholding under 5% but there convertible note % if converted would be a lot higher than 5%. Therefore they can now sell without any change in substantial.

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Thanks magic,

You are obviously a good investor,
what are you actually holding yourself?

NSL Price at posting: 1.0¢ Sentiment: Hold Disclosure: Held
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