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
"The weather has now turned, and the rainy season is upon NML once again, so we shall have to wait and see if that hampers progress, or whether they have the ability and infrastructure to cope this year."

Or whether they bother to tell us!

takahe
EPD at least have reported news when they can and recently have been looking quite perky.

sd

stockdog...I hold some EPD! ...

For those of you who are shareholders here, apparently John Cross is in Angola just now and meetings are being lined up with Endiama and the Angolan Ministry of Mining. Don't know exactly when..or what..

takahe - talk of the devil and he takes a dive - EPD not so perky today!
me and my big mouth!
sd

Top up time?

Yeah.....why not?

Had a good day with GFM today........feeling lucky for a change.

>Andy

If the weather has turned, without the drills being in place, then this may be good and bad news.

Good, because it prevents the other companies from setting up any drills until they have de-watered the pits. Bad, because it means that NML will have to drain the pits the moment the equipment arrives to start work and that will give the competitors a window of opportunity too - if they can get onto the kimberlite that is.

I believe you are correct about the fund-raising. As I've been saying for some time now, they must have practically exhausted the coffers with all the digging they are doing. If the equipment is idle, then you have to ask why they haven't moved it back to the alluvials and announced the re-start of the alluvial production.

We still don't have any data on the diamonds extracted during April, May and June and that concerns me even more. It makes me believe that there is no data to share. That implies that the company was not doing what it claimed to be doing and that implies that one (or more) of the RNS was misleading in a major way.

There are hints that some of the shareholders are still receiving communications from the management. Which leads me to believe that they are up to their old tricks. Otherwise, how would they know who John Cross was having meetings with recently?!

Also, how would they know Shane Healy's movements and that he was in London and based here, if they were not receiving intel from the company. It sounds like there is a little communications network going on in the background, as it was last year and a few clues have been left as to who is "in the loop" and who is not.

I rather think that Rebecca's friend, the annoyed shareholder, may be even more annoyed if he knew that some shareholders were more equal than others - with apologies to George Orwell!

As Manuel once said in Faulty Towers-

I know nerrrrthing!

>stringy - a lot of people are going to be claiming that when it comes down to it, but they've left plenty of evidence that they know a great deal more than has been put on the BBs. I doubt the FSA will be so 'amused' if it proves that PSI has been provided to some, but not to others. Even more so if they agree that there were misleading statements.

Evening Anom...I don't think that there is any secret about the fact that SH moved to London a few months ago. All you have to do is email their PR people, as you do with the EPD people, yourself. One of their jobs is to reply to simple questions, not PSI obviously, from the shareholders. I did see notready comment something today. I don't think there is a secret in that. Most people just aren't bothering with the BBs any more.
gary@swithins.com will get you to GM
Good to see a bit of flicker in EPD again.

Anom,

Some good points in your post, and i'm sure as usual there are rumours circulating off board within the group regarding the company.

You would think they would return to alluvial production if the machinery is idle, maybe they will announce something in their next RNS? They must be due to release one soon, it's been quite a wait, and it's surely time for them to do a fundraising or JV? The $500,000 must be nearly exprired now IMO.

I knew Shane was in London before the group, as I bumped into him at a Minesite, so the rumour mill isn't quite as good as some imagine!

Good to see EPD moving in the right direction, and am hoping for the same from FDI before too long.

lol, Andy..I wish there was some possible sensible information to even rumour with!

takahe,

ditto!

My only reasons for feeling more bullish are just my recent interpretations of all the info that's freely available combined with the fact that news must be pretty close now.

-Could be bad news when it does arrive of course. Would hardly be the first time I'd called one wrong!

A rumour on ADVFN of news from NML next week...no details , just a rumour but thought I'd mention it here..

Another rumour on ADVFN;

A poster there claims that NML shares are being sold by "boiler room" type outfits.

I seriously doubt this is true, and have asked the poster for the source of the info and the "boiler room(s)" concerned.

If true, this would be very bad news IMHO, but I don't think it is true for a minute.

Unless the poster concerned identifies the source and names a "boiler room" that is actually selling NML stock, I will discard this rumour.

Sounds dubious to me...most people have never even heard of NML...

takahe,

That's not important, "boiler room" outfits con punters by offering shares with a convincing story, and the promise of instant riches, appealing to the recipient's "greed factor".

Most recipients of a boiler room cold call are not normally experienced stock market investors, which is why they fall for the spiel, and lose their money.

I doubt whether the poster will name either the forum or the boiler room personally, I'm a member of most forums, and have never seen that rumour anywhere.

No..I've never seen it around
I frequently get calls from companies trying to flog stocks...and endless stuff through the post...

takahe,

Me too, although City Equities don't call me anymore!

Sadly, some of their partners do, and I just tell them I'm fully invested, and name some of my stocks, and they go away.

For anyone wondering about boiler rooms, Parker Rowe offered me Pearl Street, 100,000 shares for 5,000 last Xmas, now worth 750!

They followed that with INB, 100,000 @ 5p for 5,000 again, and this one's a real star, as it's still worth 2,750!


Re NML, the poster did not reply to my questions, so it's fair to say it was a wind up I think.

We have a thread about the dangers of boiler rooms here;


http://www.moneyam.com/TradersRoom/posts.php?tid=8490#lastread

>Andy

I too receive a lot of boiler room crap, but just ignore it. Whilst I would not give the rumour any credence without proof that it was being promoted this way, it would be a logical choice of tactic, if the 'mystery' seller(s) are having difficulty offloading the stock through legitimate channels.

I still believe that the MM stock overhang is in the millions and the seller(s) are finding it difficult to dump without being given ridiculous prices. I see that they managed to tap one sale for 1.75p. That sale might be considered a good price next week.

The rumours of some news next week are probably focussed around the licenses. I would not be surprised to hear that NML have been granted the exploration license, but that they follow this news with a fund raising. A massive placement at 1.5p or even 1.25p. They need a premium to encourage the sale to go through. Whilst the licenses might give them a bit more time to explore the potential, it won't provide the 'juice' to do the exploring. They need to raise that from the market. I reckon the 'mystery' seller(s) has been dumping their holding and preparing for this issue. They will then sell this into the market in dribs and drabs, to make a fast profit on any good news the company can come up with.

The news that Endiama are planning the volume of carats that they expect to extract from Angolan soil over the coming months/years is not particularly good. We know that the only major venture presently extracting millions of carats is Catoca. We know that Alrosa is planning to increase their production, but I doubt that all of the expanded capacity is expected from their own kimberlite. It stands to reason that they are expecting a measure of the expansion to come from other kimberlites in the vicinity and that some of these might be the C9 kimberlites. I would say that the only way that Endiama could guarantee jam today rather than jam tomorrow is to grant the exploration/exploitation licenses to Alrosa. We shall see.

However, there is one other possibility for the possible news release. I would say planned, because although you and I are not in the loop, some others seem pretty certain of themselves and that smacks that they have been told what it is or that news is on the way. There is the possibility that the news will be that the drills have arrived from RSA and are being set up for the first series.

Either way - through granting of license or drills in operation, I would say that it's almost a certainty that they will do a fund-raising. The question is how much? It might also give us a clue as to how long they expect to be drilling. A basic series of 2,000 metres might take them 3 - 4 months, but given the rainy season, I would say 4 - 6 months sounds more reasonable. They'd need at least $1 million or thereabouts for the preliminary set. If they went for $2 - 3 million, then they are expecting a long haul. They might release the drill data to perk up the share price, but the mystery seller will bring the price back down again soon enough.

Looks like we might have a bit of fun this week.