NSL receives order for 20,000 tonnes of 63% Fe
Published 19-APR-2017 14:52 P.M.
|
1 minute read
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
Indian based iron ore producer, NSL Consolidated (NSL) has received a commercial purchase order for 20,000 tonnes of its premium product produced by the Phase 2 wet beneficiation plant which will be supplied over the coming months.
The purchase order issued by Infinity Ores is for NSL’s 63% Fe filter cake (wet plant product). The negotiated sales price for the initial purchase order is AU$65 per tonne (ex gate sales price). Payment is to be made in advance based on 1000 tonne lots.
This follows an order for 4000 tonnes of the same product at the same price in February, an encouraging development as it demonstrates the broad acceptance of the company’s wet plant material, as well as introducing an additional client and revenue stream.
What comes of this revenue stream remains to be seen and investors should seek professional financial advice for further information if considering this stock for their portfolio.
Underlining the significance of this development, NSL’s Managing Director, Cedric Goode said, “The NSL team is very pleased to have now received an order from another customer, Infinity Ores, indicating a growing demand for the NSL product”.
Goode highlighted the fact that this has allowed NSL to diversify its customer base, along with better commercial terms which includes prepayment for the product. He also noted that better commercial terms were being assisted by continued strength in the local domestic price, an encouraging dynamic for NSL’s domestic operation at a time when the global iron ore price has come off substantially.
It is important to note that these early positive developments have occurred ahead of the company ramping up to a 200,000 tonnes per annum operation producing product grading between 58% and 62% Fe.
General Information Only
S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.
