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 ??

mininginvestor,

lol!!!

and nml has a few of those, look at the mess they are in !!!

From the RNS
"Whilst alluvial diamond production is a lucrative cash flow operation, the asset
which adds greatest shareholder value is hard rock kimberlite. With this in view
the Company is looking to work more closely with Endiama and its partners in
Angola to gain a Kimberlite exploration licence.

Endiama assistance

Endiama the Company's 51% partner in the project has assisted the Company by
assigning one of its pre-eminent geologists and a senior topographer to the
project. The Company and Endiama are committed to working together to ensure the
most profitable outcome for the joint venture."

What's wrong with reverting to the lucrative cashflow on the alluvials? Got no cash to do it with and no production licence still.

Do Endiama have top technicians? Or are these minders to keep NML out of trouble?

I take these words to be NML directors putting a brave face on their predicament, not as nuggets of hope, I'm afraid.

sd

stockdog..morning...
I had a long conversation with the PR chap two days ago. Obviously PR people are always optimistic but he stressed that things are being accelerated to get the potential from the C9, by bringing in bigger guns, more equipment and skilled geologists.
What I am assuming is that the earlier core samples which were taken in January have shown promise of good quality. Alrosa would be able to take material to their mine and process it with their equipment.NML are NOT at loggerheads with Alrosa.

mclellan - 16 Oct'05 - 12:42 - 2107 of 2108
prsimo..their PR bloke told me the other day that they are trying to get institutional support

........And the laughs could be heard for miles!
Are this PR agency serious?! Do they really think anyone would invest institutional funds in such a basket case as NML?!

They would have to have been committed to an 'Institution' for even considering investing in such a pile of poo!

NML must really be getting desparate to make such a claim. It is completely ridiculous to consider that any professional investment body would invest in a company whose only track record of note has been

1. the destruction of value,
2. the failure to achieve the goals they set for themselves,
3. the inability to bring in revenue where plenty was available and
4. a total lack of concern for the shareholders.

Institutions are very reluctant to invest in mining stocks unless they are backed by other firms with a serious pedigree, such as majors or other institutions and banks. With no JV's , no foreseeable income, a annoyed partner (Endiama) and very little in the way of solid assets, I very much doubt that NML will get any takers whatsoever.

The one key thing that NML needed to capture the institutional's attention has been singularly lacking since they started. That is a proper analyst's report. To my knowledge, they have tried to get such a report on several occasions. I have yet to hear of any analyst being interested in putting their reputation on the line by writing about NML. In fact, I doubt that any analyst would be stupid enough to even attempt to.

Two weeks and counting......................................

Anomalous..that is your opinion. In my opinion, you sound more desperate than them. You have your own perception of what is happening, but you do not necessarily know the correct facts.
I repeat...that is what he SAID.
You do realise the C9 concession is right next to one of Angola's best diamond mines. Why should you asssume that there is no future? I agree that it is not what they set out to do...but that does not necessarily mean the end, as you constantly, happily, and nastily predict.
What you say , or I say, is of no consequence to what happens. You might put a few people off..but NML will succeed or fail on its own merits. They are involved in a bigger picture...as long as they don't get squeezed out of the 'frame'!
(picture..frame..I know you have no sense of humour!)
It is easy to sneer.

On the basis that "He who throws mud loses ground" I must say my sympathies lie with Takahe rather than Anomalous. There is a 100% correlation between vituperative assertion and inaccuracy of message on MAM threads in my experience. Anomalous, if you were right, you would have no need to use such an abusive style. It is the uncertainty of your own position that leads you to behave so egregiously. I have no idea who is right, but I know one thing for certain from the tone of your posts - neither do you. Give it a rest and let some light into the argument for once.

Takahe, happy to debate with you any day - even though I have really no more idea that you are right than Anomalous. At least your more courteous style feels less like a hammer to dull my own poor brain, so is in itself an aid to more constructive reflection on the future of NML.

But who am I to hold any opinion when I am guilty of following this share down against the stern advice of Mr Market who long ago gave the order to abondon ship.

I am resigned to this share being a 50/50 gamble between anihilation and retaining some carried share in a new operation of the C9 concession between Endiama and Alrosa, plus the value of their Finnish interest. If the latter allows the company to survive, it will one day be picked up by someone looking for an AIM listing (not unvaluable), although I think it would stretch the definition of a "cash shell" a little further than history has previously admitted.

Since the upside of survival is probably about 3 X the current value - that fits with my parameter of at least 3 X the upside potential to the down in any investment. So I'm staying in. Perhaps if I confine my defiance to Mr Market on this one share alone, he will bless me with good fortune on the others I hold.

sd

Stockdog,

To the best of my knowledge, Anomalous has no position in NML, so has no need to sound desperate.

Takahe has a holding.

IMO we can all only speculate, some are more informed than others, but one thing is for certain, you can't argue with the price or chart, and on that basis, the market doesn't like NML at the moment.

I have spoken to the PR guy, on several occasions, and with no disrespect intended, (he is a decent guy), he is not that savvy on NML, or mining stocks (IMHO).

I still don't buy the change to kimberlite mining, after all, if it was by far the better prospect, why didn't they do that from the beginning?

And they're still apparently spurning 10,000 carats per month alluvial production? No way IMO!

They certainly need to pull some sort of solid positive news before the results, or the price will be caned I think.

The next couple of weeks could be very interesting.

I do indeed have a holding..I have always made that perfectly clear. My reference to Anom sounding desperate, as is also perfectly clear, is that he is desperate to see this share fail. We all know he has no position in it, now..nor Andy either. It amazes me that they spend so many hours on the BB of a share they do not hold. It seems to be resented by them if I report anything positive said by Company people.
Considering the PR guy also does Mano River, Alexandra Mining , Beowulf and another, as well as NML, he must have some idea of mining stocks...although he is certainly not an expert. That does not stop him trying to get some coverage of the various shares and to try and do his job decently. Another point he made to me was that he would not stay with them if he didn't think they would succeed because their failure would not be good for his own business. One of his jobs is to answer simple questions from shareholders. If you don't care to believe him, that is up to you.

That's my point, Andy. Whatever your perspective, you have no need to sound desperate. Desperation is a sign of a troubled mind. Look at the evidence - Anom with no holding always sounds desperate(ly unpleasant); takahe with a holding greatly diminished in value and standing at the brink of another precipice (just like me) on the other hand usually sounds reasonably sanguine (just like me, he he!). I know who I'd rather discuss my woes with and come away feeling the better for it.

Why do people with no holdings always get such bees in their bonnets and express themselves so aggressively? It's a mystery to the simple-minded such as myself. I have myself occasionally posted quite extensively (negatively) on stocks which I do not own, but am interested in considering whether I should own them - always with pretty good nature and giving reasons (either analysis or personal expertise) for my statements and hoping to stimulate debate from others who know something I have overlooked. I have, it must be said, somtimes received a large dose of vitriole in return from desperate holders who have probably lost substantial value for the very reasons I gave that I was not prepared to invest - no one likes a smart-arse, I guess. I've never felt the need to belittle or threaten or preach to those others on the thread who do hold, nor have I ever done it with a view to profiting by a share's fall in price (I don't as yet spreadbet, although hoping to have a go soon).

I've spent the evening doing something I should have done before ever entering a single position on any share - set a stop limit policy for each and every holding. Some of the shares I've looked at would make you weep as they have done me from the criminally negligent way in which I allowed blind hope to override Mr Market's iron whim. Yet do you see me wailing and gnashing my teeth - far from it, I feel purged and can enter another day's investing sure in the knowledge that I will not make the same mistakes again for, oh!, hours to come!

happy and non-desperate investing, everyone.

sd

stockdog..I sent you a message on the 'envelope system'...
how does it show up when you have a message waiting?

It shows up in my normal email inbox.

Sorry can't return the favour since you have not enabled your MAM message system by entering your email address.

Thanks, anyway.

sd

thanks, stockdog..I've sorted that...

NML IS GOING TO THE ""#''##NG MOON MARK MY WORDS

I actually thinks its going further, Pluto here we come!

DREAMMMMMMMMM ON ALL

queen..lol..does it know that?

Queen,

I am interested in your opinion that NML is going to the moon. So far it has done little but fall and although I can believe that it may all come out OK in the end - that is a far cry from your assertion - do you have any solid reason for your optimism - 'cos I could do withj some right now?

Stockdog,

Stop losses are VERY sensible and VERY necessary IMO.

Shares are for buying and selling, not a love affair, so if they don't perform as desired, they should be sold without fail. After all, you can always buy back in again if they rally.

>SD

I'm very surprised that you consider my posts desperate because they are nothing of the sort to me. I have been taking a great deal of satisfaction recently, from my analysis being proved correct - yet again.

Indeed, what encourages me to continue posting on NML, a share that I have not held for a considerable time now, is the fact that quite a few of the shareholders that were so violently opposed to my views and even abusive, have recently agreed that I was correct all along and have even offered to buy me a drink (without hemlock!) when they next meet me.

I suppose if you've been secluded on MAM for the past year, you would not understand all the history that goes with this share. Suffice to say that I have been on the receiving end of a great deal of vitriol on AD^FN from NML shareholders (as Andy will testify) including Mclellan/Takahe.

Even the management had the temerity to try and point the finger of blame for the whole "Death Threats" episode at my door, when I was the person that called in the plain clothes police to protect the directors from harm.

They deliberately misled the press and it was only when the BBC checked with the Police that they verified that far from being the instigator of the threats, I was the one that reported them and tried to prevent any further offences.

When I first discovered that the shareholders were being misled, not just by the directors, but also by one of the shareholders (or so he claimed to be), I was attacked from all quarters, except a few people that accepted I was telling the truth.

So it is perfectly understandable, that after this length of time and that much abuse, one could feel aggresive in return. However, I do not let this emotion cloud my judgement. Instead, I draw satisfaction from the growing numbers of ex-shareholders, who have informed me that through my continued postings, they 'saw the light', stopped-loss, sold up and moved on. At least they managed to get something out of their original investment. They also continue to monitor this share, because they too were misled, both by the management and the other shareholders.

I agree with Andy that it is always wise to set a practical stop-loss before (or just after) one makes an investment. You can never tell if the unexpected might happen. It inevitably does to mining stocks every now and then. By selling on stop, you can sometimes enhance your investment by buying back in at lower levels. You have crystalised a loss and this can be written off against the gains made after the share price rises. So you stand to gain both ways if you can determine bottom.

I suppose that one of the reasons that Takahe sounds so confident (on the brink) is because she is in receipt of un-official communications from the management and the PR people. I would hazard a guess that the data she sent you in the email was something connected with this. We saw that she received an email from the new CEO. When she posted the header to the BB, one of the other posters (the one that has misled the BB) reminded her to remove it, lest it appeared to be PSI. Unfortunately, it was too late. The fact was in the open and the information was verified.

I would say that Takahe's confidence is misplaced IMO. The CEO in question was the same person that made misleading statements by email to shareholders last year. He gave assurances that the company would "Go for it" and would be mining within days of the equipment arriving at the minesite. He was referred to by Wendy D/WDurham as a "Mere bean counter" for his lack of mining expertise or knowledge. So if the information came from him, which the email suggested, then I doubt that it was worth much.

As for the events that are unfolding at the moment. It appears quite clear that the MMs are desperate to unload their surplus NML shares. According to my data, which the others have questioned, but for some reason which the AIM seem to agree (because they've seen it), there is a massive stock overhang. This can only mean that the price drops have been to encourage more buying from the present shareholders.

The MMs are all too aware of what is coming in the Final Results. The interims are a matter of public record and were far worse than expected. As we know, the company has not kept the promises that they made and they are neither cashflow positive or likely to have any revenue for the foreseable future. In which case, IMO the share price is going to drop by far greater percentage than the 27% seen last year (over two weeks). The share might even be suspended.

Various rumours have surfaced on AD^FN. Even on this BB as seen above. However, none of the posters have been able to corroberate their analysis and it appears that the MMs may have started the rumours to encourage the buying.

You said:

I have myself occasionally posted quite extensively (negatively) on stocks which I do not own, but am interested in considering whether I should own them - always with pretty good nature and giving reasons (either analysis or personal expertise) for my statements and hoping to stimulate debate from others who know something I have overlooked. I have, it must be said, somtimes received a large dose of vitriole in return from desperate holders who have probably lost substantial value for the very reasons I gave that I was not prepared to invest - no one likes a smart-arse, I guess.

So you understand what it is like to be attacked for holding a contrarian opinion or an opposing view. However, the facts are that I did predict a lot of what befell this share before it happened. In return I was attacked - not only on the NML BB, but they even followed me to other BBs and posted abuse there too. You may consider Takahe more couteous than myself, but then you haven't seen the full picture and had you done so, then you might have comprehended how this situation came to pass.

You seem to have very much made your mind up and I remember some of the posts you made earlier in the year. Maybe as a example of the insults and abuse I've received, you should cast your mind back to post 1095 on this thread. An abusive poster call mjr1234 (also known as English Bigblls on AD^FN) called me "scum head" and had to be reminded of BB etiquette by MAM. This is just a minor example of the sort of vitriole I have received over NML. And yet, a few shareholders did take note of what I said and sold their shares and have since thanked me for saving them from further losses. So my efforts were not in vain.

It is such a great shame that this company did not have better management at the helm. Given the data, they might have been able to return some revenue. In fact, it appeared in April that they might even have been able to make a profit from the alluvials. Sadly, we did not know at the time that they had already diverted resources and changed priorities. What we did know is that the company had a bad track record of misleading the shareholders.

If you've decided to stick with NML, then that is your choice. I will continue to post analysis on the BBs. You've accepted that the share could fail - even as a cash shell it is well over valued. So it may drop some more before someone becomes interested.

My chief interest in NML is in seeing that those that participated in any market abuse are investigated and punished. To that end, the appropriate reports have been filed and matters are in hand. The press may very well be reporting on this in the near future.