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 ??

Intercept,

Well if I can make this much cash being "naive", ignornace is bliss as they say, then long may it continue!

Maybe it's luck?
And the harder I try, the more I study, the "luckier" I become!

And how do you knoe he's "good"? Seen confirmation of his trades? Or do you always believe some guy posting anonymously on a BB?

And as you have never seen my portfolio, you have absolutely no idea how good or bad my trading is! Not everyone feels the need to advertise their positions on a BB.


PS I suck up to nobody, I plough my own furrow

Intercept,

lol, when you can't back up what you say with facts, you can always resort to personal attacks!!!

Is this mining equipment being unloaded in Angola?

Having read through this thread, it would appear that heated debate has moved on towards personal abuse - as this is not accepted on this site, I would ask that discussion is returned to the topic in question and not individuals.

We are happy to allow freedom of speech, but will take action if any further individual abuse is added.

Thank you for your time with this and I hope you all have a good day.

We have today removed a previously banned user and removed their postings.

Regards

Ian

Goodbye Testex. lol

I have been awat for a few days and have just visited the NML website and read the news of the share issue.

I am a beginner so I would appreciate the views of the more experienced investors on this thread . . .

Question: Would you not have expected NML to have the capital for the Angola project in ADVANCE of starting operations?? Why are they only now starting to raise cash to fund it?

Question: Does the new share issue dilute the value of our existing shares?? After all they are, effectively, breaking the company into smaller pieces.

Can someone enlighten me please?

Gurumaister

Has anyone any idea why this share has droppped so suddenly? I can't see any relevant news or other reason to cause that.

Any input will be gratefully received.

Guru, the full results were announced today. They look bad because there are big write offs and hence the stock was marked down. Under the circumstances a 9% drop wasn't bad.

IMHO its cleared the decks ready for the good news from the Angola minestart. The fact that the company is taking the hit of a $6m write off means they are confident.

Thanks, Baughfell. I am a little more confident hearing that. Let's just hope that after the false hopes raised by the announcements of early mining starts. that they really do get some results at the end of the year.

Weekend press coverage

Guardian

"But traders said that shares in New Millennium Resources are expected to head in the opposite direction next week. The company, which is exploring for diamonds in Angola, is understood to have unearthed several impressively large diamonds. The stock closed unchanged at 5.25p."

http://www.guardian.co.uk/business/story/0,3604,1376423,00.html

Also a mention in the times that probably mistakenly refers to gold rather than diamonds

"Australia's New Millenium Resources held steady at 5 1/4p on AIM despite word that it will announce two substantial gold finds in Angola next week."

http://www.timesonline.co.uk/newspaper/0,,175-1407479,00.html

Look at the size of those beauties!

RNS Number:5845G
New Millennium Resources NL
20 December 2004


New Millennium Resources NL
20 December 2005

New Millennium Resources NL
('NML' or the 'Company')

Angola Project Update:

Continuing exploration in Lapi concession unearths 19.83ct diamond

New Millennium Resources NL (NML), the international diamond mining and
exploration company with projects in Angola and Greenland, today announces that
further exploration of sector 1/5 has yielded continuous diamond finds of
various carats including two large diamonds of 11.67 and 19.83 carats. The
diamonds have been confirmed by an on-site geologist.

Exploration of the Lapi Diamond concession in Angola continues despite heavy wet
weather conditions which are expected to last until the end of February.

Grid pattern "grab pit" sample extractions of sector 1/5 have so far proven to
be viable in content of diamondiferous gravels, yielding continuous diamond
finds of various carats throughout the target area. Exploration of this area is
nearing completion.

Exploration will proceed to neighbouring sector 2/5 and continue through the
targeted area contained within the total 323 square kilometres of the
concession. The established exploration programme will ensure steady and
progressive mining activities, which are scheduled to commence March 2005.

If these diamonds have not been mined do they belong to NML or the Angola government.

aldwick,

I believe they belong to the Angolan Governement, until NML have produced their first parcel of 5000 carats, at which time they will take obtain their mining licence, take ownership, and are able to sell them.

Until that time, they remain under dual key control in NML's possession.

Just bought into this one today..For some reason my trade does not show although the shares are now in my trading portfolio. Weird..I have reported the problem.

Anyway a friend of mine who has traded very successfully for years has bought millions of NML as he reckons this is better than AFD. My friend is very conservative normally and has given me tips like KMR when it was 8p, AFD when it was 30p. I think these are worth a look DYOR.
Diana

Here are two bits of news not posted last week. Just remember this company has found'Continuous diamond finds of various carats including two large daimonds of 11.67 and 19.83 carats. Production starts shortly so expect this share to rocket.DYOR

RNS Number:5961H
New Millennium Resources NL
20 January 2005


New Millennium Resources Limited
('NML' or the 'Company')

Additional Plant and Equipment Shipped to Rio Lapi Mine

Plant Shipment will more than triple size of Rio Lapi diamond mining facility

Recent grab pit sampling indicates diamond potential is realizable

Production will commence in late February

Debt converted to equity

New Millennium Resources Limited (NML), the international diamond mining and
exploration company, today announces that a second shipment of plant and
equipment is due to depart Capetown on 24th January 2005 enroute to the Rio
Lapi mine site in Lunda Norte. This equipment, which is in addition to the
existing earth moving fleet, comprises a 40 ton excavator, two 25 ton
articulated dump trucks, front end loader and ancillary plant spares and mobile
workshops. The shipment will substantially add to the diamond recovery
capabilities of the plant and equipment currently at the Rio Lapi site.

The CEO John Cross said today: "This shipment takes us from having an
exploration facility at the Rio Lapi to a full production capability. This new
equipment will more than triple the size of the diamond mining facility". Mr.
Cross went on to say that this shipment marked the final phase in the setup
prior to full production. "The successes of the recent grab pit sampling
indicate that the diamond potential is realizable."

Production will commence immediately rain ceases in the Lunda Norte region
which is expected to be late next month (February).

The Company announced on 5th October 2004 that it had "arranged a standby
finance facility of up to US$1.25 million by way of a convertible note,
convertible into NML shares at 4p within 12 months of draw down. The loan notes
will bear interest at 6% per annum. The facility has been established to be
drawn down at the Board's discretion should the need arise and will be available
for 12 months".

The board confirms that it has activated this facility and drawn down the full
amount of US$1.25 million to provide working capital. The providers of the
facility have opted to immediately convert to equity and have waived their right
to interest and the 12 month conversion period. The company will therefore issue
16,666,667 shares at US$0.075 (4p) and make application to be admitted to
trading on the AIM. Admission is expected to occur Monday 24th January 2005.

Contact:

New Millennium Resources Limited

John M. Cross (Managing Director)
Tel: +61 414 375 758
jcross@new-millennium.com.au
RNS Number:7570H
New Millennium Resources Ltd
25 January 2005



New Millennium Resources Limited
('NML' or the 'Company')

Kimberlite drilling contract let in Greenland

JV partner Hudson Resources announces drilling contractor appointed
Drilling to commence early March
Drill programme 2,000 meters

NEW MILLENIUM RESOURCES Limited joint venture ('JV') partner Hudson
Resources Inc of Canada has announced to the TSX-Venture Exchange that it
has entered an agreement with Cartwright Drilling Inc., of Goose Bay,
Labrador, to conduct a drill program on the Company's diamond exploration
properties near Kangerlussuaq, West Greenland. The drill will be shipped on
February 7, 2005 from Canada and is expected to be delivered at Maniitsoq,
on the west coast of Greenland, by March 10, 2005. Drilling will commence
after the drill has been mobilized by air into the field.

The 2,000m drill program is designed to test various geophysical anomalies that
are coincident with deep mantle kimberlite indicator minerals. An advance team
of geophysicists will conduct ground based magnetic and electromagnetic surveys
over the airborne targets in order to confirm the targets and accurately spot
the drill locations. It is expected that these surveys will begin in early
March.

"The goal of this program is to confirm at least one large body of kimberlite on
the licence area" stated James Tuer, president of Hudson. "Based on a recent
report by Mineral Services Canada Inc. and our own experience in the field, we
believe that the source of the best kimberlite indicator mineral chemistry is
very local in origin. Therefore, our drill program will focus on geophysical
anomalies which are coincident with deep mantle indicator minerals in order to
enhance the probability that kimberlite drill intercepts will be significantly
diamondiferous."

New Millennium CEO, John Cross, said "We are encouraged by the advances made by
Hudson Recourses on the Sarfartoq area and this confirms that our decision to JV
with Hudson Resources in Greenland and concentrate on our Angolan diamond leases
was the right decision. I congratulate James Tuer and Hudson for the outstanding
progress made to date."

New Millennium's joint venture with Hudson Resources has a 20% free carry
interest in the diamond project in the Sarfartoq License area of Greenland.

When did your friend buy, and at what price if you don't mind me asking as i am looking to buy back in.

500,000 shares over past few weeks average of 5p. Check out their website http://www.new-millennium.com.au/ they are quoting a surplus profit of $us 1.2m per month once they start production shortly. Golly good website.

I bought a few today at 5.20 came up as a sell but I was buying at quote with Self Trade. Looking to buy more as I free up some more capital shortly. Getting excited. Made quite a bit on African Diamonds but this looks better.
Di

Miss Dynamite.

Thanks for the info, I made a bit on Firestone Diamonds and still hold a fair amount, they are well rated by investers do you hold any?

nope ...did have African Diamonds several times on the ups and downs...made a good amount...NML looks very promising IMHO
Di

Di

I expect you are nicely tucked up in bed by now! Apologies for calling so late. Couldn't get the website; it was a hyphen, wasn't it? Puzzled to read that trading statement was not favourably received at the AGM. This could be partly because they were putting back dates. The quote said that the reason was that they couldn't make a forecast beyond 2006, presumably because they had not taken samples from the other areas. The positive news appears to be that the company lending funds has opted for shares instead. It seems somewhat surprising that the financial community has latched onto one, apparently very reasonable, proviso. They have obviously proved the diamond provision in the first sector and are clearly confident, probably beyond reasonable doubt, that further exploration will confirm similar deposits in other sectors. So why the negativity? Why the lack of the normal hype? Having said that, it looks attractive for an initial stake. Quite large trades at the end of today; perhaps they had heard rumours of Dynamite around!

Eric

http://www.new-millennium.com.au/