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 ??

I have forwarded your latest 'threats' to NML people.
I think they are actually busy trying to do something more constructive...

Contact as many people as you like Takahe. It will only prove to all of them how correct I was about NML when it goes pear shaped for the rest of you.

I've already been proven correct about the 4p
I've already been proven correct about the mine start delay
I've already been proven correct about the dilution when you said it wasn't needed
Now I've been proven correct about the failure to report the directors' declarations correctly.

Next I'll be proven correct about the next dilution and the share price dropping below 2p.

I've already informed most of the press (including working lunch) about NML and what's going on. They'll probably write about it when the SP crashes down and they'll probably say that I predicted the problems many months before it happened.

So go right ahead and tell the press, because they probably do want to talk with someone gullible enough to fall for this share!

You really have got tickets on yourself.
The difference between us is that I wouldn't behave in that way!! I leave bad behaviour to you....
I think I am beginning to agree with what Mandelbrot said on AFD...you don't even realise who he is, do you?

I think you are preaching to the patient, analmouse

I've been adding to nml at sub 3p but for my small further
buy today I had to pay the full 3p.

Low sp imho caused by the boredom and no new news, factors
which imho presents buying opp for longer term investors. dyor

Added more yesterday and today at 2.70p

Nothing has changed except the SP
and the lack of much interest on BBs
so imho, good time for investing.

I would if I had spare dosh May but it is mostly tied up with KMR and GFM and NML already. Sooner or later we will get some good news that will send the price up...its been a long wait so I hope it is worth it. I still think NML has huge potential.
Good luck
Di

I still think it has, too. It has been a long wait and not the course of action we expected, but I am still holding lots of these. I respect that Healy and co ARE trying to maximise shareholder value, even if I get a bit fed up waiting.NML has always been a speculative share. Its success lies with the accuracy of the geology report by Dr Michael Smith, in my opinion.

Dynamite,

How long do you think we will have to wait for the good news?

I remember we were expecting production at this time last year.

I think your other two holdings are solid (I hold both too BTW!) so as long as your position sizing is ok, even if two out of three come good, you will be OK IMO.

Andy..I know NML is a gamble...but sometimes in life that's what you have to take. If I lose the lot it won't be the end of the world and yes GFM and KMR will make the mark anyway. I have other fish too which are swimming nicely.
I don't know how long we will have to wait and the fact that we have been sitting here so long is reflected in the price. I'm prepared to wait as are others.
Di

Di,

I'm glad your other fish are "swimming nicely", because some have (IMHO) gone overweight in NML, and it is high risk, as you rightly say, and they are in danger of taking a large loss. A a large profit is also possible of course.

Position sizing is the key, IMO.

I know it's easy to say, and then comes along that golden opportunity, it' s hard to keep the discipline, but it is the only way IMO. I have the losses (GEO in particular) to prove investing too much one one stock is VERY risky.

Andy, Dynamite

Totally agree with KMR now i have had a look at them properly. If they retrace back to the 34/5 level I will definately buy. I got told about them at 33p. Potential upside is very big.

The good news for you guys is that the broker that told me about them has a relative very high up at charles stanley... who have been buying lately...if i heard right. I was drunk at the time though!!

Andy, pdx storming along nicely...

Still not convinced about these di, am always watching with interest though. Does anyone know what has happened with the supposed investigation????

Thanks

>Legend290782
According to the last contact, the investigation is still in operation. A further declaration will have to be made by the directors to correct previous oversights.

Director Declaration

RNS Number:8767Q
New Millennium Resources Ltd
06 September 2005


New Millennium Resources Ltd (the 'Company')

Re Director Shareholding

This announcement corrects the announcement of 22 April 2005 stating directors'
shareholdings. In that announcement David Johnston and Azizi Yom Ahmad were
incorrectly reported as holding 1,333,080 and 3,919,630 ordinary shares.

David Johnston held 1,883,080 ordinary shares on that date and still holds that
number, representing 1.1 per cent. of the Company's issued share capital.

Azizi Yom Ahmad held ordinary 6,919,630 shares on that date and still holds that
number, representing 3.9 per cent. of the Company's issued share capital.




This information is provided by RNS

My patience is wearing ever so thin these days, now I'm down over 50% of my original investment - luckily never got in very deep. Today's tick up is accompanied by micro volume.

The chart tells me we are on a one way ticket to extinction currently.

Whilst certainly not joining the bashers, if anyone has any comfort to offer, I could use a little right now. I can't believe the company has no news to tell, even if it's only Shane Healy's diary, it would be something.

sd

Hi stockdog..a very dubious source but posted today onADVFN..

VENOMOUSVIPER - 16 Sep'05 - 08:28 - 5418 of 5434


But dont worry I have news of this turning blue within 2 weeks Im expecting 6p by the time of the interims.Patient and beleagured shareholders should be able to enjoy a bit of well earned blue and pis buying in here and not selling.
What a refreshing change this will be.

In a second post, he claims to expect news imminently. I don't necessarily believe him ,but he usually takes the opposite stance.

stockdog,

I'm sorry to hear about your loss with NML.

At least you were sensible enough not to have had such a large holding, and you clearly recognise the importance of position sizing, it really is so important, especially with high risk AIM stocks, in order to avert potential disasters! (I know from hard previous experience!)

I wish I could sound optimistic with regards to NML, but I sold after the meeting with the management last year, for a number of reasons, in particular I felt they weren't going to meet their stated objectives, nor did they seem to have the experience that I was hoping they had.

Going forward from here, I think they need funds, and they will either need to sell an asset, such as one of the Greenland ones, or borrow, or issue more stock, at a discount to market price (IMHO).

An alternative scenario would be if they were able to aquire a JV partner, or they could be taken over by reverse takeover by a company looking for an easy route into an AIM listing.

I think it's in the air as to what may happen, and I can only suggest you contact the company for clarification of their present position and circumstances.

Thanks, Andy

Yes, reverse takeover by a proper business would be my good - I wouldn't mind EPD doing it, even though they have not performed so well, I have more confidence they will come good at some stage. They could be quite a good fit.
sd

also thanks takahe - the name doesn't sound to promising, as you say normally of the opposite persuasion, but he just might be right!
sd

stockdog,

Well I sincerely doubt whether it will be EPD, as thay are busy with minestart in Lesotho, and they have their own finances to sort out, as they have experienced some delays too.

To be quite honest, the only realistic JV would be a miner such as Petra/BHP, already nearby in Angola, and where economies of scale could come into play.

The favourite possibility seems to be a company not already quoted in London buying out NML in order to gain their AIM listing, saving time and legal costs.