STTCOMP NSL, FA Long NSL Consolidated Limited - iron ore...

STTCOMP NSL, FA Long

NSL Consolidated Limited - iron ore production in India and thermal coal exploration in Australia

The company is listed on the Australian Securities Exchange (stock code: NSL) and the Frankfurt Securities Exchange (stock code: 2NC).

Market Cap $10m; Shares on issue: 710,004,921 - held by 1,817 individual shareholders. Listed options on issue: 295,373,562 - held by 116 individual holders. Unlisted options on issue: 190,000,000.

“The Company achieved the construction, commissioning and expansion of its Phase One Kurnool iron ore dry separation plant in the southeast Indian state of Andhra Pradesh, culminating in the material produced during the commissioning phase being sold ex mine gate into the domestic Indian market. NSL is the only foreign company to own and operate iron mines in India.

Both its commodities benefit from unabated demand as global customers, particularly from China and Asia, sought iron ore and coal supply diversity and security.”

“The Company has a strong vision for a sustainable, strong cash flow generating iron ore business in India, building upon the initial beneficiation plant output into larger production and further value added processing. Steady state ore production is targeted to be 200,000 tonnes per annum.

NSL aims to continue to build its iron ore and coal businesses further through strategic acquisitions in selected geographies of projects with significant resource potential and near-term production capability.”

http://www.nslconsolidated.com/

Reason for entry:

NSL has strong fundamentals and the SP has been capped for some time. The breakout today may be in anticipation of announcements of future Purchase Orders.

IMO; DYOR; Held