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 ??

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?

Anom..what a silly remark..don't you realise that a lot of the original data on which the independent geologist based his report came from the Angolan authorities in the first place?
You seem to assume that Catoca and NML are at war...their geologists are helping NML....

According to the RNS, it is the Endiama geologists that are working with NML and although Endiama are part of the Catoca partnership, I would suggest that the Endiama staff are reporting directly to Endiama...NOT to Catoca.

IMO Catoca would be a beneficiary of any information collected, but I very much doubt that Alrosa or Odebrecht Mining Services or Daumonty Financing, the other Catoca partners, would be happy about their data being handed over to someone with whom there is no contractual relationship and possibly even a commercial rival to boot.

Anom..you have no idea of what the situation is..as usual, you start to concoct a story to fit your conspiracy theories. You will put a negative spin on anything, so there is no point in discussing it with you. Two days ago, you were claiming that AFD would hide their results until December and sneak out bad news..

Amities Anon . l agree 100% . Always rememeber a consensus of opinion constitutes little more than juste that . ..Not even a hypothesis . Alas , l am a seaon ticket holder at O. Boredeaux. Even when we lose ( which is frequently we always say things will improve; and grasp to try to see any and every positive aspects of the team . BUT they never do improve ..Lack of money . Not unlike SEO ,,,. ...Anyway anyone heard anything more of the rights issue ? ..Only reason i ask is that i was offered several millions of these in a" distres " sale equating to O.80p , ,,At current levels that may appear attactive terms : but if, as is anticipated, a rights issue is placed at 0.5 ,it equates to a disaster .....Asking around a great number of people apparently " in the Know " are at a complete loss as to would underwrite such a dog. @ J.....

The Finals are not due out today..They have until end of December.

Absolute rubbish again Takahe - you know full well (or should do by now) that NML are Australian registered and as such have to report their finals 4 months after the financial year end. Since their financial year end is on 30th June each year, they are obliged to report the same information to the AIM before the end of October. Otherwise they are disclosing information in one country that is not freely available elsewhere in the world.

Last year's Finals were announced to the market on 29 October 2004, being the last working day of that month.

This year, they have the choice of either announcing this afternoon, amongst the rest of the Friday afternoon trash, when the traders have all left for the weekend - OR - waiting till Monday 31st and watching as the market tears them to shreds the very next morning.

Or are you deliberately attempting to deceive the readers on here Takahe?

>TheFrenchConnection

I'm not surprised that you've been offered a great deal of shares at 0.8p. According to my figures, the Market Makers have millions of them on their books and would rather not be holding them if they crash in value.

I have heard a rumour, about 20 minutes ago, that a certain Patrick(?) Johnson is buying up large amounts of NML. Even my source can't be certain if this is true, there is confusion over the similarity between this name and the Chairman of NML. However, it might be that a certain mining giant, is attempting to take advantage of the bad news expected in the finals and the dilution, to acquire a significant holding in NML and then use this to control/transfer the alluvial license.

Remember that you heard it here first!

Anomalous - I have just spoken to their Financial Director ( 07768631286) in London...I think he knows better than you when his Finals are due. You are confused about the Australian thing, as we have all pointed out to you before.
You feel free to keep doing your count-down, though..but you'll need a larger number of days available
I don't remotely try to deceive people Anom..I try to find accurate information..I leave half-truths and deception to you

The Chairman of NML is not called Patrick Johnston..he is David Johnston...
I have emailed your post above to SH..I am sure he will be interested..

Interesting rumour Anom, but not clear about your comment - care to state it in another way?

Just so everyone is clear, here is a post by Mclellan on MoneyAM earlier today:

takahe - 28 Oct 2005 10:43 - 1595 of 1596
Anomalous - I have just spoken to their Financial Director ( 07768631286) in London...I think he knows better than you when his Finals are due. You are confused about the Australian thing, as we have all pointed out to you before.
You feel free to keep doing your count-down, though..but you'll need a larger number of days available
I don't remotely try to deceive people Anom..I try to find accurate information..I leave half-truths and deception to you

and here is a post from the thread on AD^FN:

mclellan - 28 Oct'05 - 09:53 - 2414 of 2418
Finals are not due out today....

If Healy is telling you they don't have to report in October, then, as an accountant, he's certainly not telling you the full truth. Here's the proof:

These are screen dumps taken from the Australian Accounting Standards Board website http://www.aasb.com.au



and this is from the Australian equivalent of the Companies Act which is the Commonwealth Authorities and Companies Act 1997, which can be located here:
http://www.aasb.com.au/pronouncements/standards_index.htm



As you can see quite clearly, it states that the Annual Report must be prepared and filed as follows:

The directors of a Commonwealth authority must:

(a) prepare an annual report in accordance with Schedule 1 for each financial year; and

(b) give it to the responsible Minister by the deadline for the
financial year.

The deadline is the 15th day of the 4th month after the end of the financial year.

Note: The deadline will be 15 October if the financial year ends on 30 June.
Financial year is defined in section 5.

So unless Healy and NML have filed for an extension, they must have reported by the 15th October 2005. Under the AIM regulations, price sensitive information that is freely available elsewhere must be reported to the AIM by RNS.

I think you had better get on the phone to Healy and ask if he understands the accounting law of his own country, because he shows an amazing lack of knowledge for one supposed to be a qualified accountant.

I would remind you to check the dates that the previous Finals statements were published by RNS. They are in October.

bundu - 28 Oct 2005 11:25 - 1597 of 1598
Interesting rumour Anom, but not clear about your comment - care to state it in another way?

>bundu

Frankly no - the rumour is what it is. The source was not certain who the buyer might be, but we both think that it is NOT the current chairman of NML.

It is certainly possible that the people presently exploring the C9 kimberlites are interested in combining the hard rock and alluvial ore, i.e. processing both at the same time, then shipping the concentrate down the road to Catoca for final processing.

On the other hand, the person that is rumoured, may just be a UK speculator.

OR, it might be another Market Maker inspired rumour being fed out to generate sales on the last few days before the news is published.

Anomalous- RING HIM YOURSELF...why on earth would I say it, if it wasn't TRUE!
The results would come out later today, if it was the case.Wendy says you can never admit to being wrong ...
Your premise is wrong...they are AIM listed, in this country..
All you have to do is ring him...I've put up the number ..and in case you think I'm getting someone to impersonate him (!) ..check the number on the last RNS!!!! That's where I got it from..it would just take you two minutes..