Millennium Resources NL is a mining company with operations in Angola, one of
the world's major diamond producing countries.



In 2003, New Millennium Resources NL entered into an agreement to acquire 100%
of Angola Resources Pty. Ltd. (Angola Resources).

The company is currently developing its Lapi Diamond Project in Angola, in
Southern Africa, which will initially produce diamonds from an alluvial mine
that is expected to generate an initial cash operating surplus of US$1.2
million per month.

Extensive mapping and exploration has identified an inferred resource of 3.7
million carats and the tenement has the potential to deliver of profit of
US$112 per carat recovered. There is potential for 8.7 million carats just in
the currently known area.

This places New Millennium Resources on the verge of becoming a prominent
producer of some of the world's finest diamonds.




Corporate website : http://www.new-millennium.com.au/index.php

Di,

As you rightly say, an unexpected bonus if you have already written them off.

The French connection, was right about this company all along.

aldwickk
He always is it's The French connection

aldwickk,

He shared the views of a few of us, but sadly we were mostly shouted down by a vocal minority.


I am really pleased that shareholders will receive something back, and they can put NML behind them.

21st December 2006





Dear Shareholder,



We are pleased to announce that the Company has entered into an option agreement to acquire an 80% interest in two copper cobalt concessions in the Democratic Republic of Congo (DRC). The concessions cover an area of approximately 800 square kilometres and are situated in the copper rich Katanga region of the DRC. The remaining 20% will be owned by local Congolese parties as is the practice.



The concessions are in close proximity to the operations of Canadian copper miner First Quantum Minerals and close to the Zambian boarder in south eastern DRC. The concessions are for 15 years with options to extend. Copper grades, yet to be confirmed, show high yields with potential for artisanal mining operations in stage 1 of the project which is expected to produce early cash returns.



We have negotiated a JV arrangement with an operator to fund the project. The payment will be by way of a workout agreement therefore preventing dilution of shareholders stock.



The DRC has experienced heightened interest from large international miners since the recent elections in the country. Phelps Dodge, the worlds larges copper miner, has recently announced massive expansion plans in the DRC. BHP and Rio Tinto have also increased their activities in the country.



The board further announces that it is in advanced stages of discussions with a listed entity to acquire New Millennium. The boards stated aim is to achieve a value of US$0.02 per share for its members. This is the basis of our negotiations and we are confident will be achieved. Acquisition will be by way of a share swap. The prospective suitor intends making application for AIM listing in the New Year.



Due Diligence is expected to be completed within 90 days and settlement 30 to 60 days thereafter. Your board expects that all steps will therefore be completed prior to the northern summer.



Yours faithfully







Shane M Healy
CEO

To be acquired by an entity yet to list in a share swap! So a reverse takeover into a cashless shell. Classic.

!) how can they predict the value will be 2 cents?
2) at that price it should be cash - if they can't raise even that, all this is is a reinvention of the same old management under a new name.

Hey, why not try Copper this year - Copper is the New Diamond. Next year we'll be looking at Uranium and for 2009 we thought, what the heck?, let's try Wheat.

BTW I think of myself as an "artisanal shareholder" not in it for profit so much as humiliating subsistence.

Please yourself- I'm just passing on the update I received.
I don't like the situation either...not one bit...but having spoken to Healy recently, I do believe he is trying to sort out the mess created by John Cross and restore some shareholder value. He pointed out that he could just have given up...and that he has not received any salary since they de-listed.

Andy- post 10 ...how do you know they spent 2million? He pulled out of the deal.
Happy new year, by the way.

takahe,

Many thanks, and a Happy New Year to you too!

Let's hope it's a sparkling and prosperous one for all of us!

Sorry I have only just seen your message, and cannot remember how I heard they had spent the 2 million, to be honest, but I wouldn't have posted unless i believed it to be true, it seems so long ago now.

The recent communication looks good to me, if Shane can return 1p per share, that is a lot better than I thought possible, and many people had averaged down, so this would substantially reduce their losses.

Holders of NML may be interested to know that an action group is being formed to try and obtain more information as to what has happened to shareholder funds since the company was delisted.

If you are interested, the group would be pleased to hear from you.

Further information can be obtained by clicking the link HERE