ELE 0.00% 0.5¢ elmore ltd

Red dust to riches - NSL in enviable position, page-145

  1. 844 Posts.
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    Wow.
    I have been a mid to long term holder, so I firmly believe in the story but this company's potential is amazing, especially when you consider the recent announcement that we will essentially be making our own steel. We are working towards controlling supply and distribution in a state where we have a great relationship with the GoAP. I wish I had multiple times my current holding but simply cannot afford to buy more

    This has .50c (and more) written all over it.

    On a related note, it is obvious that Iron Ore and Steel are our key assets here and value drivers but what really strikes me (and this is based on the extremely favorable terms of our JV MOU) we have another huge, intangible asset that we can and should tap - our relationship to get things done with the GoAP and Indian Government. That is another key value driver in my eyes that will open up opportunities for us that may not have previously been on the radar.
 
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