NML is due its interrim results now, last year it was the 28th of this month.

They are setting up a new site to explore/research/analyse and all the equipment to do this should be on site now, and drilling should start soon, all this extra news should be covered in the interims.

does anyone have any further positive views on this company ??

mjr1234 could be about to be called a spammer. In which case, it is time to inform Moneyam!

This is the NML thread, scum head. How can posting about NML here be spam?

Why don't you go down the Marlowes and do some busking or something?

English Bigblls - 1 Jul'05 - 15:21 - 5660 of 5661
All I said is, I know where you live.
It is against ADVFN rules to post real names and addresses.
But all I said was,
I know you live on a council estate in the most miserable new town in the country.

mjr1234 (also known as English Bigblls) - 01 Jul'05 - 15:25 - 1094 of 1094
This is the NML thread, scum head. How can posting about NML here be spam?
Why don't you go down the Marlows and do some busking or something?


If that's the level of your research, I can completely understand how you were deceived by NML. You don't have a clue where I live!..................

Yes I do. Unless you've moved house in the last 18 months. Don't blame you if you have because that place is a real shithole.

Please do not venture into personal insults as this will not be accepted.

Please stick to discussion on the topic at hand which is NML.


Ian

Cheers Ian, lets hope he listens this time.

Thank you Ian............about time we got back on topic, rather than listening to the constant personal insults.

The board is for discussion of NML and whether it is a suitable investment, or not. I just happen to think that it is not. The fact that the other posters chose to use personal insults to counter my posts, speaks volumes about the strength of their argument. They feel threatened by posts that discuss facts about the project. Especially when these facts came from information published by the company and is shown on their website.

It's such a pity that instead of going out to find independent corroberating data, they chose instead to try rubbishing other people's posts on a BB. I think this clearly demonstrates the lack of confidence they exhibit in the share and it's prospects. They think that a BB poster can alter the share price, merely by posting points of view on a Bulletin Board.

How sad that they fail to grasp and understand the mechanisms of the market. The 'Mystery' seller(s) offloads some stock, the price crashes down and they have to blame the poster on a bulletin board for their woes.

Is that the best you can do?

How about finding out who the Mystery seller(s) is for a change, mjr1234?!

There is no mystery seller, Anomalous.

Today for instance, most of the sells have been declared by posters on advfn!

Where's the MYSTERY?

A post from the other side from Ianwc worth reading;

1. NML can explore for kimberlites, they cannot as yet mine them. You do not dig a hole 1/2 hectare in size to a depth of 30m just for kimberlite exploration. They must think their are some sort of diamond bearing material which can be mined within their current liscense parameteres.

2. In order to get a mining liscense for kimberlites, you must first set up an alluvial operation. That is why NML are still planning on continuing alluvial operations even if they have temporarily used their earth moving fleet to remove 30m of overburden from whatever it is they think they have found.

3. Petra diamonds have no kimberlite mining liscense (NML's neighbours), yet they have spent all their money so far on kimberlite exploration. Eventually they will have to set up a alluvial operation, which from what i recall, they expect to produce around 100k carats per annum.

4. Alrosa, Trans Hex, Debeers and Rio are all actively searching for new kimberlite bodies in Angola. Obviously if NML can show they have a diamond bearing kimberlite, a deal will come swiftly from one of these majors.

5. Getting equipment from S.A. to site and begginning drills will take several months, not weeks.

Wendy D accepts there is a Mystery Seller(s),
Ianwc accepts there is a Mystery Seller(s),
Mclellan accepts there is a Mystery Seller(s),
Crockandure8 accepts there is a Mystery Seller(s),

and quite a few others.

So who are you deceiving (but yourself) when you claim that there is no 'Mystery' seller?

Are you attempting to mislead the new investors about the real reason for the share price being depressed?

Nope. There have certainly been sellers, but no Mystery Seller(s).

The real reason the share price is depressed, is that there has been net selling over time, no doubt about that.

The difference is, you are trying to create some kind of sinister monster looming over the stock, armed with an infinite number of shares to sell and an evil grin.

Sensible investors such as those you mentioned and myself suggest that the sellers are actually the placees selling a proportion of their holdings to realise funds early and reduce risk (a standard practice). Hence there is nothing mysterious or sinister about it.

Thanks, Di - interesting. Is Ianwc generally reliable in his info/views would you think?

SD much better than anom and those other squelched idiots. The serious investors are taking him seriously on the other side

There's what caused the drop from 3p bid - a mere 100k!

I see today's news as fairly positive overall, and it seems initially, the MM's marked it up, so they must have seen it as positive.

Unfortunately as we know, this stock moves quickly both ways on a few trades, so the few people who sold decided the direction of movement.

The announcement is negative in that the expected alluvial projection which would have buoyed the price incredibly, will now be delayed, probably for a few months. But we suspected this anyway due to the late minestart.

It is positive in that the company are clearly acting with a purpose here, and are showing great confidence in what they are doing. It also suggests a JV announcement may well be coming sooner rather than later.

Either way, there should be more news flow over the next few weeks and months now, as the extra equipment is deployed, the alluvials get back on track, the parallel alluvial exploration results come in, more details of these "nice stones" hinted at come in, kimberlited identifies, joint venture agreement, etc etc.

Looks like they have changed tack from alluvial to kimberlite straightaway ,as if a j. v. pending, so havnot really started yet,no real figures yet, never mind ,if sp falls further next week ,topup on wed. say.

Good attitude mate.

So do peope here see this as a positive move by NML?

Di, sd. Think we should leave mjr to cope with anom, etc. I'm not concerned about large sellers, 'mystery' or otherwise, because they will eventually run through there shares. Not concerned either about complaints to FSA - would take 12 months or more to act and I suspect that have bigger fish to fry, such as insurance mis-sellers.

I am concerned about the switch of equipment from the alluvial operations to kimberlite. On the positive side, we know that they have raised funds for the latter which implies some lead investors who have been convinced of their story. On the negative side, it appears to imply unsatisfactory progress with the Rio Lapi mine and throws into question the production potential. The implication appears to be that they have not achieved the minimum level required by Endiama.

My own position is that I put down an exploratory stake based on a potential positive revaluation of the share following confirmation of successful alluvial production. This has not happened. It may be that the potential has risen but so has the timescale. I am not convinced it is worth staying on board. Appreciate your views.

Eric

Eric -

From the photos on the website and the statements made in the UKREG announcement, I would be surprised if they have undertaken any alluvial production at all at Lapi River. And certainly not enough to have become disenchanted with it, or - as you suggest - for Endiama to have also become disenchanted!.

The stripping being done on the kimberlite site equates to 180,000 cubic metres - approx 400,000 tons at an SG of 2.2. To have dug as far down by the end of May as is shown in the pix would indicate to me that the mobile fleet has been there from Day 1. If they have been "re-locating" that much of the Calonda formation en-masse, they havent been carting alluvial gravels to the plant!

I was a bit disconcerted by the news, as it is a pretty radical departure from plan, but my only real concern is that of funding. Cash has been raised to finance kimberlite exploration, but that was on the assumption that production revenue from the alluvials would also be coming in to finance the rest of the operation. This is not going to be the case for a few months, until the mining fleet can be released back to alluvial mining - so it would seem to me that unless they really can complete a JV quickly and get some up-front cash, they will have to come back to the market.