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 ??

ewrobson,

I have posted some comments to try and provide some background and information regarding NML, as a lot of the posts on here were of the "this stocks's going to rocket" type of comment without any real supporting information to justify the claim.

I have followed NML for nearly a year, and attended the London preentation evening and met the directors at the wine bar afterwards, so feel I have something to contribute to any discussion regarding this share.

To say I am "going out of my way to be negative" seems to be attempting to deny discussion on the BB, as IMHO, on a BB, just like in the real market, there have to be both bears and bulls for it to function.

I think you will find that you can "get in at the current price" not because of a few "negative voices", on the BB's, but because that is the valuation the market attributes to NML at this stage.

Another reason may be the large sells that appear whenever there is any demand for the shares, ie selling into strength. This overhang still appears to be there, so I think we are stuck in this range for a while.

I don't think you will find NML have gone on to production, I believe they are still sampling and trenching in areas 2 - 5, having completed number 1. They have to be careful not to cross contaminate, so I don't think they are producing yet.

Aldwick,

lol!

Dynamite,

I didn't answer the question because, IMHO, the answer is irrelevant to the discussion of this share, the facts remain facts whether I hold or not.

I post on many threads, and don't feel the need to declare a holding or not.

I see from the Angolan website that the hot rainy system is from September to May which is 8 months of the year. However, the NML website says that they are working with gravel so perhaps there is not so great a problem when you have got the machinery in place. Another thing that surprises me about the negative attitude to NML is the critical attitude for not anticipating problems with importing machinery and moving it around in the rainy season. But they have done the first part of the job: very successfully from what is a most erudite treatment on the web. When you thing of the tremendous enthusiasm for operations like PET and PCI which have achieved next to nothing yet in comparison, I just cannot understand why the sp is so low! Where will it be at the year end when they are well ahead in production in the first sector and have announced exploration results on the second? Cap. of 50M? sp of 40p?

Eric

Eric,

Well NML have admitted they have had problems with the rain, "like standing under a waterfall" accordng ot Shane Healy in London, and their last RNS mentions the mine start depending upon the weather.

As you rightly point out, some have said it rains until April, so i'm not sure if they will commence on time.

With regard to the machinery, it was imported and trasnsported during the DRY season, just before the rains commenced.

John Cross actually said that they could not have done it in the rainy season.

After all that has been said above i think they are worth a small punt and put them away for a rainy day.

driver,

I couldn't agree more, nothing wrong with a couple of speculative punts in a balanced portfolio IMHO.

And speculative is my best description for NML, at the moment.

Accept that. Not much downside and very significant upside. Have put it at 5% of the portfolio. Probably the most speculative but also the highest annual potential. Effectively replaces PET which also had significant downside potential, as we have seen! Will accumulate as confidence builds.

Eric

Eric,

Yes effectively NMl has little downside from here, 3p maybe if they delay exploitation mining for too long, and have another dilutive discounted placement, but they have a month to confirm whether they have started or not.

AndThought it was better to debate NML v FDI debate here rather than on that of PDX where they have plenty to keep themselves busy! My main query is what is it about the comarison between the two companies that justifies a 10:1 cap differential when NML are nearer to production. your answer seemed to rest primarily on FDI's geologist. So what are the negative arguments re Dr Michael Smith and Bernard Neehof; are they not up to the task? Are the Directors a group of scheisters? The geological research, with what appears to be a most professional report, seem to bear no resemblance to the cap. of the company. If it is just doubting Thomases then time will heal that. Or is there something inherently incompetent about the whole operation which makes the numbers deemed unbelievable? Or is it that there is a mix of Australians and other nationalities?

Eric

Eric,

"NML nearer to production?"

Who told you that?

FDI ALREADY have THREE PRODUCING MINES!, sorry but I suggest you to need to study the FDI website, www.firestonediamonds.com

Firestone, in addition to their three mines already in production, have excellent exploration prospects at Groen River, (millions of potential carats at ave price $1,000) and have 180 drill targets in Botswana, where their licences surround the richest diamond mines in the world, Orapa. Jwaneng, and lethlakane.

On Thursday, Firestone confirmed 3 kimberlite hits out of 4 drills in Botswana, quite a phenomenal start to their drillinmg campaign IMHO!

With regard to the geologists you mentioned, I'm sure they're very competent, and would not wish to suggest otherwise, but I have heard it said the HJC is one of the foremost geologists in Africa, having spent 40 years exploring the Namaqualand and other regions in S. Africa.

I have held FDI for a number of years, and am very happy with the management, I really believe they will deliver increased shareholder value, and significantly at that!

NML on the otherhand, have SO FAR, failed to deliver on their promises, and my opinion of them is on hold until we see if they can deliver now.

I think the market cap differential is justified at the moment personally.

I echo your thoughts, Andy

Cheers Mike!

stolen a bit of banter from the DGM bb (thanks to gf).Apparently NML are included in a group of 4 potential star performer shares of '05 reviewed monthly on BBC radio South. Not exactly rns stuff but is nicely optimistic if somewhat brave. Supposedly the show was on this eve, hopefully some fund managers listening :-)

Tristan.

So next month NML may get another mention. Can you get bbc radio south online?

aldwickk, It is actually on the bbc radio kent evening show. The website is a bit thin on info, but links from the main bbc site so I would imagine it could be listened to online.

Tristan,

DGM bb?

Do you have a link pls?

Andy, DGM (Deal Group Media) EPIC on this site.

tristan,

Ok cheers, I thought there was a new BB for a minute there!

Does anyone have any knowledge of the accuracy of the radio show's predictions in previous years? (I know past perfomance is no indicator, but just a question)

Also, do they have a panel of experts, and if so, do we know their names?

Andy, unfortunately I have not heard the show and am therefore not the most reliable of sources. To the best of my knowledge I think it is just one supposed 'share guru' called Malcolm Stacey. As above, the DGM board is worth a look as a couple of listeners there. Recent post by goldfinger shows this years predictions already up by a considerable % including a small rise by nml. Although I would not base any kind of investement strategy on the words on a single 'guru'it is interesting to see nml included in a public portfolio even if it is purely speculative!