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 ??

Oh the cleverness of me, sang Peter Pan to Wendy!

from a poster on ADVFN who is a large shareholder and has spoken to Healy this morning.....

"I'm holding
A 5% or 10% 'free carry' in a C9 kimberlite licence would be very valuable. Apparently there are now thought to be more than 11 anomalies, and the pipe that Catoca were already exploring, before NML 'interfered', is thought to be of very high quality and maybe even up to the size and standard of Catoca itself.

It is highly likely that Alrosa/Catoca will be involved - they are already there, already have the infrastructure and could set up a mining operation in six to nine months as opposed to another major who would need 2 to 3 years.

Although nothing appears guaranteed, the potential prize for co-operating fully with Endiama is very large.

More waiting involved and I am prepared to wait."

Endiama hold 51% and NML have to do what they say....
Apparently one incentive to make sure that NML get a free carry % is that it would look very bad politically for Angola's diamond-producing credentials for one of its early partners to be left out completely.

LOL

Now you see why nml is the CON OF THE NEW MILLENIUM!

I cant stop laughing...ara ha ha ha ha ha ha ha ara ha ha ha ha.!

What a lovely person ASMITH is !
Just had a chat with Healy.
He is surprised that anyone sees the RNS as negative!
Endiama are annoyed at NML parking themselves on the kimberlite.
They have asked Cross and Badenhorst to go.
They have now a new relationship where they are co-operating with Endiama who are the senior partner and hold the licence.
I asked him what chance there was that Endiama would 'do' them and he said that 12 months ago, he would have said it was more likely, but that Endiama are very conscious of Capital Markets and would not want any bad publicity.
Cross and Badenhorst going reduces their costs etc, too....
He added that none of the directors are selling ...

Takahe are you also Mcellan then??

As I see it NML is not worth selling at this price and the only option is to sit it out and wait. IMHO most shareholders will do the same. None of this has been what we expected so the unexpected big profits could still happen. This share has always been a big risk and having waited this long we might as well sit on our hands some more.
Di

Dynamite..yes..I couldn't register as that on here(so I was told, because there already was one).
The understanding I have of it is that the C9 kimberlite is good , that more sampling has to be done and that Endiama do not want NML interfering with the process.
I said to Healy that I thought his RNS was hard to understand! He said"What...you see it as negative?" ...as if I was mad...

It was hard to understand you are right and thank you for clarifying.
Di

I think people should email him and say that they don't understand the RNS...
shanemhealy@yahoo.com

good idea takahe

takahe (and Di) thanks for clarifying - I think it's what I'd worked out for myself, but as you say Healey's RNS was so ambivolent as to induce more suspicion rather than less.

Is the plant now back to work where it should be on the alluvials - producing diamonds, God forbid?

I think I will email him on both issues.

Whaddayareckon a 10% free-carry translate into at the SP level?

sd

SD..your diamond collar is looking a long way away...I am sure you will settle for a diamond leg band the way things are going. I have emailed Shane myself. I will let you know if I have any reply.
Di

Well you are all going to be stunned by this post but I think now is the time to buy.

Here's my email for what it's worth. Did I ask the right questions? Let's see if we get any answers.



Dear Mr Healy

This morning's RNS seems to raise as many questions as it tried to give answers. It appears that the directors (Mr John Cross in particular) moved into the kimberlite area, in a (successful) attempt to drive off Alrosa, but without authorisation from Endiama - both regulator and 51% shareholder. It seems that John Cross and the senior Badenhorst brother have been fired for this aberrant behaviour. It seems that with a great deal of erstwhile absent diplomacy and good behaviour, NML may be allowed a minority share in a JV essentially between Endiama and Alrosa (most likely).

Have I got it right, or is there still something we are not being told? I think it's time for a totally clear statement from the directors to its shareholders about how they are running the company and what it's legitimate prospects are, together with a re-statement of who the directors currently are and what their, the Badenhorst's, and other reportable shareholdings currently are.

Now that the plant is no longer deployed on the kimberlite prospect, is it being re-deployed back on the alluvials where it should have been since commencing in April this year? If not, why not, or how long before it is operational again? Will this produce diamonds? Will this produce revenue? Will this produce net positive cashflow?

Sorry to bombard you with these questions, but it's time we were told everything in plain English, having watched the share price stagger from one rare RNS to another over the last 6 months, while not really knowing what you have been up to.

I assume, as you have been promoted to MD/CEO, albeit temporarily, you are trusted by Endiama to act in the best interests of the company. Could you please now extend that trust for the benefit of private shareholders as well in answering my questions with a further clarifying RNS.

Yours sincerely,

ASMITH...I think you are correct. I am not happy about this, as you can imagine...but I do strongly feel that NML would have got booted out now, if that was going to happen. Healy thinks the sp is ridicuously low and has just been heavily marked down by the MMs over the last few months, dropping it disproportionately to the selling. I said to him that there was some thought that there was a 'mystery seller' at work but he thought that was nonsense. He quoted me figures for several months (he has accurate figures, remember...)

STOCKDOG...good one! In fact....excellent...

Superb post stockdog would b interested at the response.
I hope that shareholders at least get the majority of their investments back imo they will.
Apologies for the silly posts in the past I dont want people to lose their money .

Very magnanimous of you ASMITH2...

BUYS 319K SELLS 156K but still down 26%...!!Ridiculous...The MM manipulation in these small companies is ludicrous..

Takahe,

Well I cannot see anything positive in this, in particular this part seems quite negative, IMHO.

---------------------
"With a return to exploration extensive costs reductions have been achieved. The substantial proportion of the equipment is to be maintained on standby until such times as alluvial mining is to recommence. Staff and manning levels have been reduced commensurately.

Piet Badenhorst has stood down as Mine Manager and Neels Badenhorst will take overall responsibilities for onsite operations."
---------------------

The "return to exploration" comment seems strange, as they said originally they had "temporarily" moved the "production" to the kimberlite, so I wonder why they are not returning to "production"?

And the 'production' equipment is to be "maintained on standby"?

So there isn't any production presumably, or they would have returned to it, as NML stated in their previous RNS!

This really looks poor,and I'm astonished that anyone can see this as positive.

Surely the holders can see the glaring anomolies in their various RNS statements?



Asmith2,

Nice comments, and I concur, I don't want to see anyone lose their money either, afterall we are all small private investors here trying to increase our personal security by investing in the market, which is not a level playing field at all.

I am just reporting what Healy said...they have been asked to get off the kimberlite and as part of the 'new relationship', Cross and Piet Badenhorst have been asked to leave..or so I am told....
I can't speculate on what will happen...only repeat what was said...

csmyth- 10 Oct'05 - 15:53 - 1953 of 1955


NML will NOT go bust. There is no debt and a number of people I know would write a cheque as long as it was priced right. The current price caps the stock at 2.5m pounds, which is less than a lot of shells I know. The company does have assets and isnt going under. If people want to sell that is their preogative and franly after the bad news I wouldnt blame them throwing the towel in, but the market is not rational on this stock at present and I wouldnt be surprised to see a bounce. I have seen far worse than NML come back from the dead (Thistle!!!)