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 ??

And you try to say that I'm the misleading one....

Conroy has never been reported to the FSA. He maybe well over-optimistic and he may very well have put out an RNS with spectacular figures and diluted the next day, but his company only misled the shareholders over how much drilling was being carried out for the SRK survey. When the figures were the same as the previous report 3 years before, I knew that he was living in fantasy land. But then, he never claimed that they would be mining gold in 8-weeks did he?

AFD's chairman made an in-excusable statement that was certainly misleading and induced many to buy the share believing that the company was changing status and the share price would revalue accordingly. His statement has still not been fulfilled and as such it is obvious now why the statement was made. This is not victimless or blameless in my view. I didn't buy into the ramp, but many did. I bought when they were fluctuating up and down at 30p and 40p and made a profit. I was unaware of how badly Leon had been treated and I think it is disgraceful that the shareholders were let down. Any management that leads the shareholders down the garden path in this fashion are asking for trouble. JT cost a lot of people a great deal of money and should answer for his mistakes.

NML - well the story is getting very interesting because most of the warnings I made last year are coming back to haunt those that ignored them or ridiculed them. Remember how the others used to laugh at my 4p prediction. They are not laughing now are they? If they'd woken up to the simple truth that I noticed back then, they might still have been able to get into this project - but only when the management proved that they were capable of fulfilling their promises.

As for EPD, I would never dream of reporting them to the FSA. They are a pukka outfit with people that know what they are doing. Reading the recent reports, I am ashamed that I ever criticised them for being late to get the mine start. Sure the publicity could have held the price up during the summer. They're making up for this now and have done exactly as I suggested and started taking copious quantities of pictures of the work and the site, to keep the shareholders happy. I am certain that in the next couple of months, they will put the rest of the minexs in this sector to shame with the figures for the diamonds extracted from a hard rock kimberlite, with plenty more on tap, MONTH IN AND MONTH OUT. EPD are in my view going to make a fortune. Especially if they attract a major predator interested in snapping up their operation for the portfolio. If that happens, then watch EPD's share price fly - Remember you heard it here first.

I've no idea whether you reported Conroy but you turned agin them, according to Wendy.
As for EPD, obviously I hope they are pukka. I am not impressed with them so far. I first bought them in the high 80p ! I have held them longer than you, I think. They are just as bad as NML at delays etc.
We'll see what happens with NML. No point in discussing it with you.

I turned against Conroy because they misled the shareholders, just as AFD did and just as NML did. I don't make a habit of turning against companies. I dislike those that abuse shareholders.

I first noticed EPD at 80p but bought far lower than that. It makes me laugh when ITD says that I am 80% down on EPD, because he's nowhere near the true figure. Sure I am down, but I'll very soon be up and I reckon they'll stay up too.

I just hope that csmyth keeps his word and sends that 10 to the NSPCC. The very least he could do is put a copy of the receipt on the BB or send it to me, so I can put it up - when EPD shoots over 40p - SOON!

Yes Thanks Takahe...It is half term so I am not around as much at the mo.

Dynamite - Good..

Anom..I don't think you should go for mining stocks. They NEVER deliver when they say they will....nature of the beast...

NML web-site not working. Ready for update? Good luck to all holders...

Two days to F - day and counting...................................................

Fingers, everything crossed!

Web-site up again.
A buy of 500K last night and one of 325K this morning...someone is confident

EDIT..but there are some sells, too
EDIT..and a buy of 750K ...the jury is obviously divided.

Anomalous- for a middle aged man, you behave like a 5 year old in a tantrum..

Mclellan/takahe - For an old aged woman you show a remarkable amount of gullibility

As an AIM investor, I am a complete beginner and gain great value from the posts of more experienced peopl than my self. As a professional however, I am an applied psychologist, and I find Anom really rather interesting . . .

Takahe - please keep posting: I am building confidence in your opinions.

gurumaister - I echo your thoughts, being a complete amateur in both investing and applied psychology!

now, why did I need to post that remark? lol!

sd

Anom..I am not gullible, and certainly not taken in by you.
Gurumaister ...if you want extra evidence for a case study, do visit the ADVFN thread (the CON ! thread) to see the latest examples of Anom's depravity....plucked turkeys and Death swinging a scythe at the NML shareholders. I really think the man is quite deranged. It is an appalling and tasteless way to behave.Most of the ADVFN shareholders in NML have filtered him.
He is convinced..and fervently hoping..that NML is going to the wall. A personal vendetta, although he will claim that he likes to see companies punished if they lie to their shareholders. His actions are hardly those of a crusader, in my opinion. He appears to be losing more and more control of sensibilities.
NML will have to raise some money and there is no doubt that they have made their path harder than they might, by the course of action they have taken. Instead of being cash generative by end of June, they are arriving at November with money to get (not surprising, really, since most mining companies are the same) and negotiations to be made, for a slice in a joint venture. Whether or not they can secure this, I have no idea...
Unless NML get kicked out, which is most unlikely, then the projects are still there and management problems have been resolved.

By the way, Healy is not in Angola just now, but still in London.
The summer drilling results from Hudson are a bit late, but should be in the 'pipe-line', I am told by a Hudson investor that I know.

takahe,

If they had mined the alluvials as they claimed they would, they wouldn't be arriving in November needing money like most mining companies!

I'm amazed people are so relaxed about the change of plan, when they seemingly abandoned plans to mine 10,000 carats per month, for an ill fated adventure on a kimberlite where they have done no previous exploratory drilling, at least none that is in the public domain.

Morning Andy..I know that. They did say that they had enough funds to see them through to production, until they changed tack. People are not necessarily relaxed about the change of plan. They didn't know about it until it was announced!
I'm not sure, you can ask Ian who knows more about it than me, but I think they had access to some core samples from Catoca...
'ill-fated' is not the way THEY see it..
EDIT..since you see Ian, living in the same town, and know him quite well from MInesite meetings etc, I'm sure you could ask him

Andy - old news - what shall we all do - curl up in a ball and quiver? or stay relaxed and enjoy the rest of our lives. what's done is done - the management behaved badly, changed plans, dropped a bone to chase a shadow, lost shareholders most of their money - but it's gone, unrelaxedness will not bring it back.

with sensible money management, it's only a small fraction of my portfolio and, yes, I do think there is a 50/50 chance that some value will come out of it. on the other hand, if it goes to the wall, I will lose the price of an extremely good dinner with a few friends. my best choice is to stay in and hope (and help) that the remaining management can mend some fences and walk away with a little value for us - maybe even what I paid for the shares one day.

yours relaxed

sd

takahe - 28 Oct 2005 07:46 - 1585 of 1586
Morning Andy..I know that. They did say that they had enough funds to see them through to production, until they changed tack. People are not necessarily relaxed about the change of plan. They didn't know about it until it was announced!
I'm not sure, you can ask Ian who knows more about it than me, but I think they had access to some core samples from Catoca...
'ill-fated' is not the way THEY see it..

Very interesting....I wonder what Catoca will say if we ask if they handed over the data willingly or had it purloined?