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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 ??

takahe - 02 Oct 2005 10:03 - 1392 of 1909

Thanks for the info re boiler rooms.
NML have always been interested in having a JV. They've always made that quite clear. No idea what will eventuate...but IF NML can get in on a JV with Alrosa and Endiama/Mombo, even in a minor way, it should be a different ball game....
It is not the case that anyone knows what will happen, by the way...as you well know, the company are shut down tight...

Andy - 02 Oct 2005 10:52 - 1393 of 1909

Anom,

Boiler rooms normally take distressed placings, rather than an individual's holdings, although I guess either is possible, as they only exist to make a quick buck out of hapless punters.

In this case, if it was true, (which it isn't IMHO) then it would have suggested a placing, and an RNS would have been issued after the event, and the trades would not show on the normal trades page.

Clearly NML must be running low on funds, so it's pretty certain than we will hear some news in the immediate future.

Either they will raise funds, or sign a JV with a major IMO.

The other possibility is to sell an asset, ie Greenland, but I doubt that personally.

aldwickk - 02 Oct 2005 20:30 - 1394 of 1909

Boiler rooms are a great way to make money, just short what they are trying to sell you , trouble is no one would take your order.

TheFrenchConnection - 03 Oct 2005 14:37 - 1395 of 1909

Amities / You people still here huh ? ..Proving the adage that HOPE does indeed spring eternal . ln addition as much as i abhor Teeling { who has nothing to do with this dog } and his submarines he at least had a solid mining background which gave him access to high risk capital . . But compared to Cross and Healey he is a genius .They are a pair of novices/ jokers who have delivered on not one of thier criteria of their agenda/ business model. Thier confidence must be sky high to own so few shares themselves . lol {thats called sarcasm incidentally },,,,,and believe me that last rights issue will be the LAST. As much as it is true that The Square mile has its fair share of greedy venture capitalists ;they are not kamikaze traders/ investors which is what you would have to be to consider buying this complete piece of crap. What with all the big boys now operating in Angola NML cant even act as a conduit through which the big players can get a foot in the door.. After much success in South Africa even small cap Petra diamonds are mining here.A far better choice methinks . @+ J

Dynamite - 03 Oct 2005 14:40 - 1396 of 1909

If you haven't anything constructive to say TFC then clear off back to SEO unless you were sensible enough to take your profits!
Di

October 3, 2005 Trading Symbol: HUD
NR2005-9

HUDSON CONFIRMS LARGE ECLOGITIC COMPONENT IN GARNET LAKE DRILL CORE

Vancouver, BC October 3, 2005 - HUDSON RESOURCES INC. (Hudson TSX Venture Exchange HUD) confirms that the kimberlite intersected in the spring of 2005 at Garnet Lake contains indicator mineral chemistry consistent with the highly diamondiferous kimberlite subcrop discovered in 2004. Hudson also confirms that diamond field peridotitic and eclogite garnets were found in abundance in the Garnet Lake core samples.

Hudson is encouraged by the latest findings confirming 99% of the pyrope garnets probed (112 of 113 garnets) are derived from the diamond-bearing region at least 150km beneath the earths surface. In addition, all of the 36 eclogitic garnets probed fall within the classification of diamondiferous facies eclogites. Furthermore, an ecolgitic garnet (G4D) bearing xenolith was recovered from Garnet Lake drill core. Thin section analysis revealed two G4D garnets with Na2O contents of 0.13-0.28 wt%. These unique concentrations of sodium and titanium oxides have been found in several other samples within the Garnet Lake region and nowhere else in Greenland. Interestingly, these values are very similar to the reported eclogitic assemblages from the highly diamondiferous Udachnaya kimberlites in Siberia, Russia. It is uncertain at this time whether this will have a bearing on the economic viability of the project; however, Hudson believes that the eclogitic garnets represent an important part of the significantly diamondiferous Garnet Lake kimberlite.

A total of 28 representative kimberlite core samples from 18 drill holes (holes 05DS01 through 05DS18) were submitted for indicator mineral processing and picking in June 2005 to SRC GeoAnalytical Laboratories. Of these, Garnet Lake samples dominate the recovery of garnet with 5 samples originating from this location containing abundant amounts of garnet and also picroilmenite, and olivine. Several of the other samples contained picroilmenites and chromites. Only the Garnet Lake samples contained a significant number of diamonds (see NR2005-5 dated July 4, 2005).

Mineral compositions for grains separated from diamond-bearing portions of two Garnet Lake drill cores 05DS11 and 05DS12, were determined by Dr. Mark Hutchison using the Department of Geology, University of Copenhagen"s JEOL 733/Superprobe electron microprobe. Garnet, ilmenite, olivine and phlogopite compositions are closely similar to those from similar grains separated from diamondiferous float samples taken from the south end of Garnet Lake during the 2004 field season. Furthermore, Garnet Lake garnet, ilmenite and phlogopite compositions are significantly different from those recovered from kimberlites from other localities in the Naajat area. These observations allow a high degree of confidence to be placed on the conclusion that the diamondiferous subcrop at Garnet Lake has the same source as the in-situ diamondiferous core from drill sites 05DS11 and 05DS12. It also supports the proposition that diamond content is linked to visible matrix-hosted garnet xenocrysts within the core and float.

Results for the 556 kg of material submitted to the SRC GeoAnalytical Laboratories from Hudsons July 2005 drill and field program are still pending. High volumes of kimberlite currently being submitted by the diamond exploration industry has resulted in processing delays at the lab.

SRC GeoAnalytical Laboratories is accredited to the ISO/IEC 17025 standard by the Standards Council of Canada as a testing laboratory for specific tests. Dr. Mark Hutchison, Trigon GeoServices Ltd., is in charge of the exploration program and is responsible for the collection of the samples in Greenland and managed the chain of custody from the field to the SRC. Dr. John Ferguson has reviewed the program and this press release and is a qualified person under National Instrument 43 101.

BY ORDER OF THE BOARD OF DIRECTORS
James Tuer
James Tuer, President
--------------------------------------------------------------------------------
This news release contains forward-looking statements regarding ongoing and upcoming exploration work and expected geology, geological formations and structures. Actual results may differ materially from those anticipated in these statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
--------------------------------------------------------------------------------
FOR FURTHER INFORMATION: HUDSON RESOURCES INC:
James Tuer, Chief Executive Officer
Phone: (604) 628-5002 or (604) 688-3415
email: tuer@hudsonresources.ca

Please visit our website at www.hudsonresources.ca

TheFrenchConnection - 03 Oct 2005 14:51 - 1397 of 1909

Amities / Dynamite. lf you bothered to read the SEO thread you will see i was out at 28p; and been shorting them ever since. ..@+ J ...Made a fortune. Gauling isnt it ? As i am about to do with my biggest holding GFM .

Dynamite - 03 Oct 2005 14:56 - 1398 of 1909

TFC..GFM is my biggest holding at present but I am not about to short and I have never seen you post on GFM. SEO ...I was out at a similar price. However there is no point shorting NML as it is too small to do so ...so clear off elsewhere
Di

Andy - 03 Oct 2005 15:11 - 1399 of 1909

You can currently buy 250,000 online @ 2.18p.

sell is @2.03p.

The Garnet Lake news is fine, but very much in the future, years even, whereas NML have to fund themselves in the short term.

Placing, asset sale, or JV to be announced this month IMO, funds must be low.

takahe - 04 Oct 2005 09:27 - 1400 of 1909

At least you don't have to worry about it, Andy..not being a shareholder..lol
For those of us who are shareholders..we still look forward to good news from the company. Even if they get crumbs from a JV with Alrosa, it will change the general picture a lot.
I don't see them selling the Greenland asset.
They will need money , soon..obviously..

Andy - 04 Oct 2005 11:04 - 1401 of 1909

takahe,

You have no idea of my holdings! LOL!

For those that bought at much higher prices, crumbs may be all they receive!

Dynamite - 04 Oct 2005 11:33 - 1402 of 1909

Andy you have said several tmes that you do not hold NML

takahe - 04 Oct 2005 13:03 - 1403 of 1909

Andy..just based on what you have said a few times..that you wouldn't buy them, even at this level.
My average is quite low,now, actually ...

Andy - 04 Oct 2005 15:58 - 1404 of 1909

takahe,

My positions change on a daily basis, but in this case you're right, I wouldn't, as I would like to see some tangible evidence that they can achieve what they say they can.

If that were to happen, my view would change.

I'm pleased your average is low because I remember you saying you bought above 6p.

Someone just sold 500,000

aldwickk - 04 Oct 2005 16:35 - 1405 of 1909

It was a T trade.

may - 04 Oct 2005 17:03 - 1406 of 1909

Someone just bought 1 million
a T trade too...
trying to read trades, is sometimes
a bit like trying to read T leaves, imho

stockdog - 04 Oct 2005 17:25 - 1407 of 1909

By T-leaves do you mean the MMs, my old china? lol!


Andy - 04 Oct 2005 17:42 - 1408 of 1909

aldwick,

T as in protected, it was a sell.

The following 1,000,000 T trade was a buy.

stringy - 04 Oct 2005 18:05 - 1409 of 1909

1,000,000?

Someones more optimistic than me. Or just considerably richer........quite likely!

stockdog - 04 Oct 2005 18:38 - 1410 of 1909

Now, considerably poorer??

stringy - 04 Oct 2005 19:26 - 1411 of 1909

I think I know who the buyer is.

He's always been down on NML until today. Has had a contact inform him that there's a lot of activity around NML's alluvials. He's taken that to mean that the new equipment has arrived and has made the purchase on the back of this.

(AD-FN poster)
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