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 ??

Check out this link:

NML apparently filed a 2501 for extension on 19.10.05 with the ASIC to hold the AGM

http://www.search.asic.gov.au
and search company name for new millenium resources

explianed here:
http://www.asic.gov.au/asic/ASIC_PUB.NSF/byid/02CEF1E261AB05 A4CA257038000995C8?opendocument

I've spoken with the AIM and they are in two minds about the suspension.

As far as they are concerned at the moment, if the company HAS been granted an extension, even if this takes them past the reference date for publishing the accounts, the AIM would not suspend for the moment. It all depends on the extension. The extension has not been notified by RNS, so technically they are in breach in Australia, even though the AIM rules give them 6 months to report.

The AIM consider that if the report is required early (because of any law) then this causes the report to be published early as far as the AIM is concerned. However at the moment, the AIM's interpretation is that they would not act to suspend simply because they were in breach of Australian law.

They agree that the reference date is fixed at 30 June. They agree that the Australian law takes precedence. They agree that the publishing date is 31 October, for Australia (and consequently the world, according to AIM Rule 11), but they disagree that the report is late, even though it is being reported later than 12 months after the previous one.

After detailed consideration, the LSE is taking a middle ground on this one. They still think (like you) that the AIM does give the company 6 months to report, so even if they are late in Australia, this is not enough on its own to suspend the shares - UNTIL - the 6 month deadline is past. Six months would be up on 31 December 2005.

However, where they do agree (with me), is that the company should have notified any extension to their reporting period in Australia. This in itself is not enough for suspension. BUT, they did agree that the precarious financial and trading position would be grounds for suspension. If there is any financial reason why the company has had to delay the report past 31 October, other than the simple change to AIFRS (which should have been taken care of anyway), then the AIM will suspend the company to prevent any danger to the company, shareholders and creditors.

The AIM is working on this at the moment. They are making the necessary enquiries. There might be an RNS about the extension (if there is one) later today.

I spoke with the AASB last night and various accounting institutes in Australia. They agree that an extension could be granted, of up to 75 days, but they thought that it would be unlikely. I have the contact details for the appropriate people to check if it has been issued and will do so on Wednesday. Tomorrow is Melbourne Cup day and I doubt that many will be sober enough to answer any accounting questions!

So there it is. I am wrong in assuming that the reporting date alone would be enough to cause a suspension. It is a matter of concern for the Australian Government, but the AIM allows foreign firms to go over 12 months since their last Annual Report, so long as they do not go over the six month report that AIM sets. If they go over 4 months in Australia, they might be fined or punished in Australia, but not here. BUT, they do have to notify the shareholders if there is any reason why they have not reported when they should have.

It is a disgrace how desperate you are to try and make trouble for this company. I've spoken to a few people this morning, too!
NML applied for an extension for their AGM etc on the 19th October.....

New Millennium Resources Ltd
31 October 2005


New Millennium Resources Limited

Notice of Results / Accounting Date

New Millennium Resources Limited (the 'Company') announces that it has applied
for and received an extension under the Corporations Act to lodge its Accounts
with the Australian Securities and Investment Commission on 31 December 2005
when it will announce its results for the year ended 30 June 2005.

The Company has also applied to change its year-end to 31 December. This will be
effective from 1 January 2006.

please note..applied for and received!
They did say last year at the Shareholders' meeting that they would try to hold the AGM in London this year, so perhaps they are going for that option..
I'll buy you a share for Christmas, Anom and you can come along and heckle from the back, if it does come to London. As everyone knows Healy is based in London, now..

>Mc

Very nice of you to buy me a share, but you need to be more careful with your money. After all, if you make choices like NML, you need the cash more than I do.

If only you had sold last year, you could have bought back in by now with 5 times as many shares. Still, if you have any AFD, FDI or EPD you should be able to make back all your losses from this one.

Well Anom..if we had the benefit of hindsight, it would be a different world. I could also buy 4 times as many EPD as last year..but fortunately, I did sell most of my holding in them and even made a slight profit on one batch.
I hope you are going to have the grace to apologise to anyone who sold yesterday and the days before, on your rantings about shareholders only having hours to sell before a supposed suspension.
I will hold all my shares in NML, thanks. The project is sound, lots of different companies are trying to get licenses in Angola and to list on the LSE...so in my opinion, NML have a good chance of succeeding, once they are sorted out. If they can pull off what they set out to do...restart the alluvials..the equipment is all there and secure a JV for kimberlite work which is what they have stated by RNS that they are trying to do..then we will all be very happy..except perhaps you.
I do hope it was not you that fed all that crap to the Shares Magazine....

Sub 1p Game Over Goodnight!
Please turn the lights out on your way out....Thankyou and Goodbye!!

..are you the real GayBriefs or the other alias of you know who?
You'll be getting your monitors mixed up again!

New Millennium Resources Ltd
01 November 2005




New Millennium Resources Limited

Kimberlite acquisition / Issue of Shares


New Millennium Resources Limited (the 'Company') is pleased to announce that it
is in advanced stages of negotiations to acquire a kimberlite asset in Angola
through a joint venture or partial acquisition. Negotiations are expected to be
completed within the month of November 2005. The market will be further updated
once negotiations are completed.

New Millennium Managing Director Shane Healy commented:
The Company has lacked a hard rock kimberlite asset in Angola. Whilst we do have
indications of kimberlite on our concession in Greenland, in JV with Hudson
Resources, our objective has always been to have a kimberlite prospect in Angola
to compliment our alluvial operations. We now are close to achieving this
objective.

The Company also announces that it has placed 48,608,331 shares to raise
GB662,000 (41 million shares @ 1.1p and 7,608,331 million @ 2.77p) to provide
working capital for its exploration programme in Angola. It is expected that
these shares will be admitted to AIM on 4 November 2005.

The Company further announces that it has issued 13,874,865 shares for services
rendered to the Company in the form of consultancy, commissions and brokerage.

Contact:

New Millennium Resources Limited

Shane M. Healy (Finance Director)
Tel: +61 414 809 010

shealy@new-millennium.com.au

Daniel Stewart & Company Plc

Marc Young
Tel: +44 (0)207 374 6789

St. Swithins PR

Gary Middleton
Tel: +44 (0)795 160 3289

Well someone has confidence and this could be good.
Di

Hi Di..you beat me to it..I was just going to post it on, too.
Good news..I've just added some more at this crazy price..

A tad premature GB???

Looks like it.

VV.!

So a further 62 million shares have been added to the 173 million? already in issue, quite a dilution IMO.

Of course the cash is added too, so at the moment the company is better off, and provided it puts it to some good use, the dilution can be nuetral.

BUT, if it wastes it, then that really would be game over IMO.

With the current bid at 0.8p, those placees at 2.77p must be pretty miffed!
The 1.1p's won't be that happy either!

Does anyone know which brokers these shares were placed through?

It may be interesting to speculate which new placees made it a condition of their money that certain connected parties/old placees had to put up the higher price. No one did it for fun or out of generosity, I am sure of that.

sd

Stockdog,

Interesting comment!

Out of interest, how do you know that "new placees made it a condition of their money that certain connected parties/old placees had to put up the higher price"?

So are you saying that the new placees only bought 48 million shares by making the older placees agree to buy them at a much higher price?

Sorry but they are businessmen, not charitable institutions, you're way off the mark there IMHO.

Does anyone know which of the three kimberlites on the C9 concession it was that NML were 'parked' on?

Thanks for the mail Takahe...very interesting and yes SD is right and my thoughts too. No one is going to buy huge amounts of a share at a much higher price unless they are convinced there is a good profit to be made. Obviously we don't get to see the info. they saw but it looks interesting.
Di

Di,

Are you seriously suggesting that people agreed to pay 2.77p yesterday for a share that was 0.8p BID?

not yesterday Andy but it must have been recently and NML have been down below this for a long time.