ELE 0.00% 0.5¢ elmore ltd

imo, nsl will keep it low key until the consolidation happens....

  1. 3,555 Posts.
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    imo, nsl will keep it low key until the consolidation happens. 1:5 is currently 4c if raising to 20c.
    If they came out with a great ann now and share price shoots up to 6c then thats a waste as sellers will emerge to take the profits, lowering the share price to base level of 4c.
    The time they will be suspended from trading is a pritty long time and the question has to be asked can they announce while they are in suspension? if not, then my guess is that some nice ann will come just after suspension. By that time share price should climb nicely on news of first shipment and Jorc as well.
    As for the port ( shipping) the new port is being updated, so maybe until then they will have to use road/rail.
    But interestinly the port they are updating can hold ships that have capacitys of 100,000T.. How much has nsl stockpiled? how long until the update of port ?

 
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