Sharesmagazine
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Share Price   Awards   Market Scan   Videos   Broker Notes   Director Deals   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Indices   Forward Diary   Forex Prices   Shares Magazine   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Comparison Tables   Spread Betting 
You are NOT currently logged in
 
Register now or login to post to this thread.

new millennium resources (NML)     

LEEWINK - 28 Mar 2004 15:45

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 ??

Andy - 02 Aug 2005 10:58 - 1198 of 1909

Dynamite,

Someone just said the Daily Express!

takahe - 02 Aug 2005 11:26 - 1199 of 1909

Apparently it was in the Daily Express....
Aimtrader..re your questions...I can't answer your question about how much drilling they have done on the kimberlite but I understand that they are going on the directions of the geologist.I don't find it odd that they have suspended the normal alluvial sampling because theyare going for the bigger prize and have limited resources. Looks suspicious, I know. You either trust them or not....

takahe - 02 Aug 2005 11:31 - 1200 of 1909

Anomalous...I have just seen this of yours 'From what I understand, considerable news about the operations has been passed to Mclellan/Takahe by emails from the PR people/company. Theses were hinted at by the posts on ADVFN and Fillyaboots. Hence the fact that she (and WDurham) knew about the overburden being moved, but that this was not RNS'd to the market in general. This maybe something that the authorities should look into, because it suggests that the company is up to their 'old tricks' again. "
.....you'll be hearing from MY lawyer, if you are not careful. That is outrageous!!!!!
You know perfectly well that they have been removing overburden..how else can they get at the diamondiferous layers? As for your ideas that they have been removing overburden since January...no idea.
As for me hinting at things...I don't hint. I share information if I have any, same as you do with EPD. Ask Andy...

takahe - 02 Aug 2005 11:42 - 1201 of 1909

Just read that remark of Anom's again...it really is so ridiculous.....'knew about the overburden being moved, but that this was not RNS'd to the market in general'....
What do you think they were doing..playing tiddlywinks in the rain?We all knew that they were DEEP down only when those photos appeared on the web-site...

takahe - 02 Aug 2005 12:25 - 1202 of 1909

This is an email I sent to Healy 2 weeks ago:

Hi Shane
Still in my pursuit of trying to find out what has happened with NML.
As I understand it, the plan was to mine alluvial diamonds which were not
too deep under the ground and there were some samples which indicated that
there was a reserve there. This is the basis on which I invested in the
shares...not too deep down, and easy to extract. Not counting all the months
of hassle with the weather etc, 3 months pass since the company announce
mining has started and we all wait eagerly to see what grades will be like
from this relatively shallow source.
We then get some pictures on the web-site which show huge, deep holes in the
ground .Even I realised that something different was going on!
We then get an RNS saying 'sorry folks..change of tack etc' and NO news
whatsoever of any alluvial diamonds having been processed. At what stage did
the plan change? Obviously quite early on, judging by the size of the holes.
I do not think it is unreasonable of me to ask..why ? You could say that you
are still mining alluvials but from a different source, if you are hoping to
get some diamonds from the crumbly layer on top of the kimberlite.
I don't like to bother you..I am sure you are busy..but unless this strategy
works ie. securing a joint venture ..you are presumably back to square one
and will have to raise a lot more money to start again with the shallow
alluvials.
I appreciate that you have said there is time pressure to secure 'your
place' and that may well be true.
Some shareholders are very unhappy at the turn of events and would like to
know why there has not been more information made available to them. The
company has broken many promises and is ignoring emails from concerned
shareholders. Gary has been very good at trying to keep people informed but
it must be an uphill struggle for him to defend certain things that have
happened. I appreciate that the directors are acting in the interests of the
company, but the methodology has certainly made me rather anxious. I can
also appreciate that Angola is not an easy place to work in.
Is there any time frame at all for there being more news ?
I wish you well
Fiona *********

Does that sound like an email from someone who knew what was going on...?

Wendy D - 02 Aug 2005 12:41 - 1203 of 1909

NML may not have done any kimberlite drilling, but the company have made it quite clear that significant work was carried out by third parties towards the end of last year. They hoped to be given access to that data which gave "positive identification of diamondiferous pipes." Now there's only one way you can obtain such identification if the kimberlite is 30 metres down - and that is by drilling.

It would now appear that they have at least had sight of the drilling data. No company, no matter how badly managed, would simply dig up 180,000 cu metres of ground on the off-chance that a diamondiferous kimberlite lay beneath it. I suspect they know precisely what they are doing and why they are doing it.

"Hence the fact that she (and WDurham) knew about the overburden being moved, but that this was not RNS'd to the market in general."

Untrue. I cannot speak for Takahe, but the first time I was aware of overburden removal to a depth of 30 metres was when the new photographs were posted on the company website at the end of May, and included that information in the caption.

And on the subject of whether or not information is required to be released every time a company makes a decision, the new FSA and AIM disclosure rules make very interesting reading. Particularly with reference to the competitive aspect of the C9 kimberlites.

takahe - 02 Aug 2005 12:57 - 1204 of 1909

Me, too, Wendy....I knew they were removing overburden, obviously, (who doesn't) but not to that depth...I thought 5-10metres.

TheMaster - 02 Aug 2005 13:14 - 1205 of 1909

Hate to intrude, but it looks to me that they don't have access to the Kimberlite data, since appears to large area to be working on. If you knew where to look only a small area to be removed at any one time. You have to remember what happened last year to this company, the infamous John Teeling of PRE and PET fame was threatened with assasination in this country, invest in this company and you will lose money.

takahe - 02 Aug 2005 13:17 - 1206 of 1909

TheMaster..think you've got your facts a bit confused!! John Teeling has nothing to do with NML...

takahe - 02 Aug 2005 13:18 - 1207 of 1909

I must say, the derampers on here try very hard...

TheMaster - 02 Aug 2005 13:21 - 1208 of 1909

For your information the infamous John Teeling is a director of NML, check out this thread a year ago and you will find about this company in depth.

Andy - 02 Aug 2005 13:43 - 1209 of 1909

TheMaster,

You are referring to Shane Healy, who apparently was the subject of a death threat whilst visiting the UK last year.

It was all rather comical, and was not taken seriously. I attended the famous meeting where the police were present, and everyone was clearly at ease.

John Teeling has nothing whatsoever to do with NML!

Andy - 02 Aug 2005 13:46 - 1210 of 1909

Anom,

I honestly believe that takahe is not aware of any insider information re NML.



takahe - 02 Aug 2005 13:58 - 1211 of 1909

Andy...lol...Insider information...I should think NOT! I wish I did....
One of Gary's jobs is to deal with enquiries from shareholders..(poor chap) ..those that he is able and allowed to answer....

Andy - 02 Aug 2005 14:32 - 1212 of 1909

takahe,

Yes Gary's job can't be easy, and when he does know price sensitive information, he has to be careful how he answers queriees from shareholders.

mjr1234 - 02 Aug 2005 14:59 - 1213 of 1909

LOL @ "TheMaster"

"TheMuppet" more like!

takahe - 02 Aug 2005 15:00 - 1214 of 1909

Actually, Gary has been a trader himself, so he is well aware of psi. I think he often doesn't know more than we do!!

Wendy D - 02 Aug 2005 15:01 - 1215 of 1909

TheMaster -

Have you ANY idea how big the kimberlite in question is? Some are as much as 100 hectares. An area 60 metres by 100 metres IS only a "small area" if this pipe is worth looking at at all. And then there are ramps and benching to consider in order to make the operation safe.

If they have not seen the data, how would they know where to remove overburden at all? Let alone in a clearly defined spot which is only the size of a football field.

But as someone who knows so much about NML that they think it's run by John Teeling, I guess I am wasting my time trying to tell you anything about this company.

aldwickk - 02 Aug 2005 16:06 - 1216 of 1909

The Master should change his name to the Novice.

mininginvestor - 02 Aug 2005 18:38 - 1217 of 1909

I see that scumbag anomalous has started posting crap over here after getting hazed to hell on ADVFN. His rants are unsubstantiated and usually distortions of other posters opinions. Be very wary of him!!!!
Register now or login to post to this thread.