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 ??

takahe,

Well the "Badenhorsts selling" would hardly be "shocking news" (IMHO) as it looks as though they have sold some, (though not many), and they are entitled to sell as many as they like as their interest is non notifiable, and they are not directors.

I don't see that as a problem, nor "shocking", it happens in the market every day.

If you think that is "shocking", I'm surprised, and I doubt whether the FD is either, and he may get annoyed at you interrupting his day for such a triviality IMO.

These things should stay on the boards, NML won't be interested, idle BB chat is just that, otherwise companies will get tired of investors contacting them for trivialities.

Andy...on the contrary..the FD is extremely interested in what is said , when it is something involving their company business. You may see this kind of thing as idle BB chat. It is hardly trivial to say that a company is trying to bribe someone!!
I wonder what you think would be serious. Anyway, you are entitled to your own opinion , as am I.
The FD of EPD has taken a great interest in BBs lately, having been advised by someone (not me) of what has been 'said' by the company.

Andy - if she did know she would have said, but she doesn't. I suppose if she had put it on the BB, the other shareholders might be frightened. They might think that the project is being run by amateurs. But then, in a sense, it actually is. After all, Healey made those ridiculous promises last year and a professional would have known better. It's a wonder why Cross didn't tell him to shut up, or not to communicate with shareholders by email and tell them stories about the operations.

I'm satisfied that she doesn't know the context of the 'news' and as a consequence, doesn't know the difference between one and the other. Whilst one might be standard business practise, the other can be interpreted as something much more sinister. I've only ever seen that sort of request from someone like the Mafia before - "I'll make him an offer he can't refuse!"

Anom..the shareholders are grown up and make their own decisions, as do you with your investments. If you have 'sinister' information, then I am very surprised that you haven't shared it with the whole world , in your normal, threatening and vindictive way.
You are extremely petty... and not to be believed, as witness some of your claptrap about EPD.

""I'll make him an offer he can't refuse!"...to get the work done faster, since he is busy, perhaps? They are very keen to get a note done by a reputable analyst.Be VERY careful, Anom...don't put interpretations on someone's words that fit with your own agenda, as I have seen you do before....

Takahe,

I haven't accused anyone of trying to bribe anyone!

Where on earth did you get that from?

Andy..not you!!!!

takahe,

Ok, sorry!

ANDY!!!!...lol....

Anyone know why the large drop today??? (real reasons!!)

legend
I've been asking around and it appears that the SP just got so bored listening to takahe and Analmouse going on at each other it fell off its perch. :))

sd

lol..stockdog..would you like some information from Minex?

Feature Story
Date: August 19, 2005

New Millennium Makes Progress With Diamond Exploration In Angola And Greenland

By Sally White

New Millennium Resources has changed drastically over the last four years since its introduction to AIM when it was a rare earth exploration company with a project in Greenland and a unique process for extracting niobium which had been developed in a crockpot. Minews treated it as a bit of a joke at the time, but since it undertook a change of management and switched to diamond exploration in Greenland as well as Angola the company deserves to be taken more seriously. Angola is rich in diamond resources, as those who are prospecting there are finding out sooner or later, but it scores on a similar scale with difficulties so the emphasis has now turned to Greenland.

New Millennium originally scaled back its Greenland exposure to concentrate on Angola, leaving itself with a painful A$5.2million write off in the 2004 accounts, and a 20 per cent free carry in a joint venture with Hudson Resources of Canada. This JV was set up in December 2003 on New Millenniums Greenland Sarfartog lease.

Hudson Resources has just announced that all of three core tests in its area have returned significant diamond counts. This, says Hudson Resources, confirms that in situ material is the source of the significantly diamondiferous samples collected in the 2004 exploration program. It establishes, it adds, that the Garnet Lake area of the site hosts its own diamondiferous kimberlite body.

Further drilling has now commenced in an effort to expand the size of the discovery and to test other targets identified, but not yet drilled, during the earlier spring programme that concluded in May this year. The programme is to find outcropping of kimberlite along the strike, and take larger samples to as to gain a better idea of the size and quality of the diamonds.

Meanwhile the new top management team at New Millennium team John Cross as managing director and Shane Healy as financial officer are having to call fairly fully on their considerable combined mining and finance experience slogging away in Angola. Fortunately, Shane Healy says, historically we have not had a problem raising cash. The company has just raised 500,000 via the issue of 12.5m shares at 4p.

In December 2003 New Millennium announced the acquisition of a 100 per cent interest in Angola Resources for A$207,000 in cash, plus the issue of 18 million shares and options to purchase a further 10 million shares in New Millennium at A$0.20. The board made this decision on a lead time to cash flow basis believing that Angola Resources would produce cash flows sooner than other existing early stage projects.

New Millennium has since made considerable progress on the ground. Fully equipped working plant and equipment for mining alluvial diamonds was bought in South Africa last year for US$1.26million with funds from a private placing. This kit has been freighted up to join the US$2million worth of other equipment on the remote site. Mine and logistic management is in place.

So it now has a fully operational diamond mining plant and equipment on site at Rio Lapi. And it is very happy with its licence, in a rich area, downstream of Alrosas giant operating Catoca mine, and with Petra working to the south. Four rivers flow through the area, so there is no lack of water and there is an airport 54 kms to the south west and an all-weather road to Luanda.

Application has been made for a kimberlite exploration license to explore the eleven magnetic anomalies discovered on the lease. Getting that is likely to be a delicate task as prior preliminary work done on the site by Catoca for ENDIAMA, the Angolan government diamond arm, has shown it to be very promising indeed. As New Millenniums John Cross comments with obvious feeling: Competition in this region is fierce.

Given the urgency of identifying the kimberlite potential, and to speed up chances of a deal with a major partner, New Millennium has switched equipment over to the kimberlite prospect. Interest is already being shown. That has put the work in the alluvial project back six months, but the payoff should be worth it.

New Millennium is also keen for some good Angolan news that could lure in a major partner to help raise its profile in Londons mining finance scene. Currently it is parked with non-specialist brokers, Daniel Stewart, who seem more than a little unsure how to handle a diamond explorer. In the meantime the company reported earlier this month that Hudson Resources had hit kimberlite in all the holes drilled in its recent 2,000 metre programme and another area north-east of Garnet Lake has been found to contain very interesting kimberlite samples. One to watch.

Takahe - very interesting article, but where from? Is this the subject of the veiled accusations flying around this thread, or a genuine, objective piece?

Was this the Minex info you mentioned, or is that something else as well? If so, yes I'd like it.

Thanks

sd

http://www.minesite.com/storyFull.php?storySeq=2938
stockckdog..someone posted it on ADVFN at the end of the day yesterday...

Thanks, takahe. Remiss of me not to know about this site already since I hold a numberf of oils/gold/mines. Thanks for introducing me to it.

Do you rate Sally White/Minesite as reliably independent in their views, or liable to follow "guidance" from company visits/press releases?

stockdog...I'm surprised Andy didn't post it since he knows about Minesite .I have no idea of Sally White's credentials. Hope you are not prejudiced because she is a woman..lol! Andy might know if she is reliable. I think Minesite are well regarded from what I have heard.

takahe - showing your sensitivity a tad there (perhaps legitimately born of the particular environment in which you have to survive?) - why on earth does Sally's sex have anything to do with her reporting credentials? Haven't you seen the statisticsd reflecting women being better, less sentimental, investors than men? Only got to look at Dynamite (long time no post - don't blame you, how are you?) as a good example. Personally I have been content to accept a woman's capabilities since before I was born!

I just wanted to know if her facts and analysis were likeyl to be reliable.

sd

stockdog..just a joke, sd, since I am a woman..! ...and I have the feeling you distrust what I post, for some reason.
As you may know , Minesite arrange quite frequent presentations, in London, and I'm told they are well worth attending for those who follow minex stocks.

no - I'd never have guessed. lol!

trust you more than many others, although when put in the position of personal vindication, sometimes less interesting and more confusing to those not involved in the squabble.

keep the information flowing - all of us sitting on losses need everything we can get to keep the faith.

sd