Hi Kelomok.I have sold out because something does not add up on NSL announcements.
1.Peter Wall did not take up all his entitlements.
2.What happened to the 500k loan
3.Austind merger [a resource of over 2 billion tonnes of Iron Ore with huge potential] extended to end March 2009.WHY?.NOW GONE.With Iron Hill,a crushing Mill could have been built;the ore trucked to the Mill ,crushed, and then piped to barges on a near by river; then to a major port some 17kms away to be sent to a benefication plant for the product to be sold to the biggest market in the WORLD.India and China.[NO TRANSPORT COSTS.NEIGHBOURS]
4.What can you buy for Two[2] Million dollars to compare with the points made in [3].
5.Go through my posts,and you will find that the share and bonus option issue was a takeover by stealth by the directors.
6.I have also said that I suspect that the 500ks went to a Austind director.
7.I GIVE UP
Good luck to the holders
M.D
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