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 ??

You refuse to answer a simple question either yes or no. I think that says more about your statements than all your communications with Healy ever could.

You refuse to acknowledge that NML is an Australian company, when their own website gives their address as:

The Head Office of NMR is located at:

Suite 5,
100 Mill Point Road,
South Perth,
Western Australia 6151

http://www.new-millennium.com.au/co_main.php

I haven't quite gone yet. You are being totally illogical. I can't answer your question ,because I don't know the answer. I stand absolutely by my statement that HEALY TOLD ME THIS MORNING , ON THE PHONE (I have given you the number) THAT NML DO NOT HAVE TO REPORT BYTHE END OF OCTOBER. As to whether he is correct or not, I can't say. He has been a company accountant for a long time!
Another poster has sent your 'Aussie rules' to someone in the Company for comment. I suggest you do the same , rather than whinging at me.... that way, you might get an accurate answer.

I'm glad that whoever sent the rules is doing so. They are quite clear, as are the interims published by the company that state that they were prepared under the Corporation Act 2001.

Nevertheless - you still have not answered my question. So I put to you another (for the second time!) -

ARE NEW MILLENNIUM RESOURCES LIMITED AN AUSTRALIAN REGISTERED COMPANY? YES OR NO?

The answer should be quite easy because all you need to do is refer to NML's own website:

http://www.new-millennium.com.au/download/financials/nmr_annual_financialreport_2004.pdf

WDurham has kindly verified that the Finals are not due until the end of December, as stated by Shane Healy in his conversation with me this morning. . Apparently it is the case that companies listed on AIM have 6 months to announce their final results to the market, and three months for Interims. This apparently applies no matter where they are incorporated.
I have asked Wendy to verify this , in person, if she has the time...

She's wrong and I'm certain of that, because I've checked with the LSE themselves.

Phone them up and check if you want. The number is 0207 797 1000 - ask for the regulation department.

The AIM rules state 6 months, but the LSE are quite clear that any company listed in London but registered elsewhere have to comply with whichever law (or rules) states that the reporting must be sooner.

In this case, although the AIM rules state 6 months, the Corporation Act 2001 takes precendence and NML MUST report (to the members - YOU) by the end of 4 months after financial year end to comply with section 315 of the Act.



If you think about it, Healy can not tell you that the reports are out tonight or on Monday, because to do so would be a breach of the Company Securities (insider dealing) Act 1985. So in order to avoid that, he should have told you he could not answer.

BUT.... if he then states that they are not due until December under the law, he is wrong IMO, because the Corporation Act 2001 states that the company must report to the members by the end of the 4th month after the end of the financial year. As such a report would be out in Australia and in the public domain it MUST be RNS'd in London to avoid any unfair advantage and to comply with the AIM rules (11).

It is not remotely insider dealing for a company to say when their Finals are due. You are talking nonsense..again. They have UNTIL the end of December to report them. After that, they would get fined...so it could be any time from now until the end of December, I suppose. You've been telling us for weeks that their finals are due today ..and doing your exceedingly unpleasant count-downs. That is just pathetic. Most companies announce when their Finals are due, weeks in advance, as you very well know.
Why don't you just admit that you have made a mistake and leave yourself some credibilty.

>Takahe
I haven't made a mistake with respect to the accounts. The law is the law and if Healy (or the company), does delay beyond the 31st October before reporting, he will be in breach of the Corporation Act 2001.

If on the other hand he doesn't report to the shareholder on AIM (by RNS) he will be in breach of AIM regulations - Rule 11.

So he (or the company) either reports, or faces censure and possible prosecution under either the Australian law, or by the AIM.

Anom.. frankly, my dear..I don't give a damn. You are wrong about the rules as they apply to the UK and you cannot admit it. I know nothing about Australian law and don't pretend to. I have wasted ages on this and bored everyone to death..for which I apologise.
Anom...I will not reply to you again..
Good luck with your own investing..

Wendy's wrong and I'm certain of that, because I've checked with the LSE themselves.
Phone them up and check if you want. The number is 0207 797 1000 - ask for the regulation department.

The AIM rules state 6 months, but the LSE are quite clear that any company listed in London, but registered elsewhere, have to comply with whichever law (or rules) states that the reporting must be sooner.

In this case, although the AIM rules state 6 months, the Corporation Act 2001 takes precendence and NML absolutely MUST report (to the members - YOU) by the end of 4 months after financial year end to comply with section 314 and 315 of the Act.


If you think about it, Healy can not tell you that the reports are out tonight or on Monday, because to do so would be a breach of the Company Securities (insider dealing) Act 1985. So in order to avoid that, he should have told you he could not answer.

BUT.... if he then states that they are not due until December under the law, he is wrong IMO, because the Corporation Act 2001 states that the company must report to the members by the end of the 4th month after the end of the financial year. As such a report would be out in Australia and in the public domain it MUST be RNS'd in London to avoid any unfair advantage and to comply with the AIM rules (11).

Furthermore, if he told you it was December, then this would be a misleading statement and an offence under the FSMA 2000 section 397 subsection 1 (a) and also under the AIM rule 10 as well.

If you don't believe me - check it up and then call them:

http://www.opsi.gov.uk/acts/acts2000/00008-al.htm#397

397. - (1) This subsection applies to a person who-

a) makes a statement, promise or forecast which he knows to be misleading, false or deceptive in a material particular;

http://www.londonstockexchange.com/NR/rdonlyres/2D3045A7-BA4F-4753-87C0-D9B5D13D0C0A/0/CurrentAIMrulesJuly2005latest.pdf

Principles of disclosure

10. The information which is required by these rules must be notified by the AIM company no later than it is published elsewhere. An AIM company must retain a Regulatory Information Service provider to ensure that information can be notified as and when required.

An AIM company must take reasonable care to ensure that any information it notifies is not misleading, false or deceptive and does not omit anything likely to affect the import of such information.

It will be presumed that information notified to a Regulatory Information Service is required by these rules or other legal or regulatory requirement, unless otherwise
designated.

Anom....what a tosser you are!
Give it up will you.
Your pathetic arguing is driving me nuts.

>Filthy Poor

I can see how you managed to get your name - probably by ignoring the truth.

The facts are the facts and surprisingly (well not completely though) Wendy did bother to check the facts and finally agreed that I was telling the truth and that Australian law does apply:

wdurham - 28 Oct'05 - 15:57 - 2431 of 2431

It seems that Anom and I are both correct on the rules which apply..

NML, under Australian law, must report by the end of October.

If they fail to do so, they will be in trouble in Australia, unless they have applied for extra time.

But it would not normally be grounds for suspension from AIM, as the AIM rules specify 6 months.



However - Wendy is wrong about that last bit because:

AIM Rules

Half-yearly reports and accounts

Rule 18 and 19: Half-yearly reports and accounts

Where the half yearly report has been audited it must contain a statement to this effect.

The Exchange will suspend AIM companies which are late in publishing their half-yearly statement or their annual accounts.

Where an AIM company wishes to change its accounting reference date its nominated adviser should contact AIM Regulation (telephone +44 (0)20 7797 4154) to discuss the revised reporting timeframe.

AIM companies should be aware that the Exchange intends to mandate International Accounting Standards for all AIM companies for financial years commencing on or after 1 January 2007.

http://www.londonstockexchange.com/NR/rdonlyres/2D3045A7-BA4F-4753-87C0-D9B5D13D0C0A/0/CurrentAIMrulesJuly2005latest.pdf

When I spoke to Healy today, I remarked that the shareholders were not very happy about what was happening and he countered by saying that the big shareholders were perfectly happy. He also claimed that I hadn't 'lost a cent' unless I had sold! lol..it must all be in the perception.
He sounded quite cheery...

Oh Dear!
RNS
28 October 2005
This is the end of day message for the RNS system Friday 28 October 2005.

So, it's either a Monday announcement or suspension on Tuesday morning.

As I've said before, the trouble with a midweek finals, when the company concerned is reporting heavy losses, puts the pressure on the share price to drop into freefall. Some of the MMs are not going to like it, but the others might just drop the price on the news. If the others (holding) don't follow suit, then they too might become victims when the MMs sell to them. If they keep bidding 1p when the others have already dropped it down to 0.75p, 0.625p or even 0.5p, then the others will sell huge quantities, even if they are short, because they know they'll pick them up the otherside at far less IMO.

What a waste of an afternoon, you guys!

sd

BTW - When is the end of the working day 31st October in Australia, London time?

Hi stockdog..you are correct. Waste of time...
Healy says they have to report by end of December. One assumes he knows the rules for Australia (being an Australian) as well as for here.
He seemed quite cheerful and claimed that his big shareholders are perfectly happy when I muttered that a lot of shareholders here were not. He said that I 'hadn't lost a cent' if I hadn't sold out and advised me strongly not to believe misleading information on Bulletin Boards!
Australia is about 8 hours ahead of us, depending which part you are in....

Shane Healy , from Australia, is an accountant and holds a Master of Accountancy degree, a Bachelor of Financial Administration degree and a Diploma in Practice Management from the University of New England and is professionally associated with the Australian Society of Certified Practicing Accountants, the Chartered Institute of Company Secretaries and the Australian Institute of Company Directors.

He joined the board of New Millennium Resources Limited in April 2004 prior to which he had extensive experience in public company environments holding the position of Director and Company Secretary of a number of ASX listed entities. Shane has also held senior management and consulting roles with medium to large corporat ions, including Japanese multi nationals.


You might think that it was not too much to ask that he might know more than most of us about what is required of him.

Thanks for the info takahe!

-Always appreciated.

takahe,

Then he's going to invoke the delay clause then?

Anom is correct, they have to report Monday, unless of course they issue a delay notice, which they are allowed to do under Australian Law.

That wouldn't inspire any confidence in the company whatsoever IMO.

takahe - 28 Oct 2005 21:08 - 1623 of 1624
Shane Healy , from Australia, is an accountant and holds a Master of Accountancy degree, a Bachelor of Financial Administration degree and a Diploma in Practice Management from the University of New England and is professionally associated with the Australian Society of Certified Practicing Accountants, the Chartered Institute of Company Secretaries and the Australian Institute of Company Directors.

He joined the board of New Millennium Resources Limited in April 2004 prior to which he had extensive experience in public company environments holding the position of Director and Company Secretary of a number of ASX listed entities. Shane has also held senior management and consulting roles with medium to large corporat ions, including Japanese multi nationals.


You might think that it was not too much to ask that he might know more than most of us about what is required of him.

Well it appears that he is either not aware of the companies reporting dates OR, he was deliberately misleading you. Either way, the fact that he mentioned a date in November or December as you reported, suggests that there is some deceit here. So unless you want to own up to misleading the BB, then it must be Healy that was wrong.

The facts are the facts. Wendy has verified that the reporting date to the shareholders is 31 October each year. If they fail to release the Finals on Monday, then on Tuesday morning, as per the AIM rules, NML will be suspended, for failing to report to the members by their reporting date.

It does not matter if they ask the Australian Government for an extension, the rules are quite clear and suspension is required - to protect the company and the shareholders.

However, if it does happen, when the share comes back to the market (on release of the finals), the company might have the opportunity to report news that could reverse the share price decline.

If the management are sucessful in their negotiations, then they will be able to report that despite the losses, the company does have a plan for its future, that does not involve sitting around waiting for Catoca and Endiama to OK the start of the alluvials again.

So in a sense, the suspension might actually save NML from a fate worse than receivership. Because lets make no bones about it, if the scandal breaks about how the price was driven down by a mystery seller(s) and the poor performance of the management, then I doubt that you would see any of your money back at all.

Andy - how would I know if is going to, or already has, invoked a delay clause.
I asked him a simple question. He answered me. He said the finals did not have to be reported until the 31st of December. Anom has got a damn nerve to accuse ME of misleading the board. I'm not the one using multiple personalities on ADVFN which he has been just caught out doing!!!
I am not in the wrong here. Either Healy is...or Anom and Wendy are.