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 ??

TFC..I can guess who you are..your rudeness gives you away and the constant same old theme. Truly pathetic.
The alluvial project is not abandoned so why not take the trouble to get your facts straight? You might have more credibility. I doubt it, though.

I spoke to Gary and asked why , if NML can get a kimberlite licence for the 'new' kimberlite, why have they not yet got a licence for the 'old' kimberlite (C9) and he says the rules are now changed but C9 is under the old rules..so no news yet. SH still maintains that they are hopeful of getting a slice of the action on C9 kimberlite.

LOL

Kassai used to be called Kassai Diamonds. As far as can be seen, one of their Directors, Ian Egan, is a non exec director with Kenmare Resources.

So, meanwhile, what has happened to the equipment they brought in from S. Africa? Is it back on the original alluvial site? Is it actually functioning anywhere? Is anyone trying to do anything about self-generated cashflow?

Buying into a new kimberlite with the funds NML has available suggests heavily to me there will be further cash-calls to fund any meaningful development of this new site - especially given how large it is. So, who's going to put that up?

TCF's cynicism is not unexpected - although it is still true that all-knowing, non-holding use of English almost always offends. I am pretty cynical myself, but see no point in being clever about it, since my cleverness is self-evidently limited by being a holder in the first place. Circular argument maybe, but just a nother way of saying what do I know - nothing.

However, I have to say this new announcement does smack more of desperation than salvation from the mouth of a man whose words have a history of suggesting his glass is more than half full when it transparently (sic!) is not. Need a lot more information before being convinced this will lead anywhere.

sd

Amities / Cynacism ? No. Morelike utter disbelief that people are being taken in by this bunch of rebates at NML Do yourself a favour and scrutinize last years RNS and look at when they said they would be producing !!! Was it a year ago ??, Two placings later and massive dilution and they are not any nearer succeeding in their objective than 2 years ago ...And the duplicity as to when mining even started .!! Now l am aware of the dificulty of any junior mining expo being able to give precise indications as to when a " strike " will be made: but this lot are pushing it to the absolute limits . .Now look at all the excuses, delays , wrangling/ bribing , threats , and then demands that personel NML be removed from the board .,,,,,,,,,,, l know this madhouse called Angola through its potentially vast offshore oil industry. like BP s amazing block 31 discovery, and corruption is among the worst i have seen in Africa . BP, Total ,Chevron ,and Mobil all have private armies of ex South African soldiers as do RIO for security when workers come ashore . ............................ Rude ? No more than yourself Takehe. l let your personal insults pass over my head on two occassions .But it would seem that anyone who disagrees with you is a moron . Typical English hypocrisy. .Well do tell Takahe what are NML are actually doing on the c9 concession ? l will tell you . Nothing . and in my opinion thats all they ever will do . ! lsnt the game to you to make money ? . ..Finally, l can get very rude;...,,,but will let the 1p s/p do the talking for me .After all .lsnt that what its all about ! @+ ....Like you lm calling it as i see it .

Hi Anomalous,

Why have you changed aliases yet again? The strange use of punctuation marks in your last post does not disguise who you are.

I assume it's because the share price isn't moving in the direction you want (down)?

No point shorting NML cos moving north from now on

For what its worth {and considering i am in the impossible position of proving i am not this character} i assure you that you are wrong. l have banged my drum about the shortcomings of NML long before he appeared . You may not like what i say but i have no need for duplicity to make my point ....@+ J

Whatever you say Nigel.... ,,&&1+ Q

TFC....lol!! I've never even heard of you until a few weeks ago.

Your wrong Testex was the first, LOL

When I saw last weeks announcements I thought there might be light at the end of the tunnel.Todays rns is just about as bad as it gets.This is a real howler a really bad company whos actions of today are an act of desperation and nothing else.IMO NML know they are getting nothing from C9 they had no money so it was either change direction yet again or go bust.
Why havnt they told us about the equipment on c9 where is it?IMO it was C9 that would have taken this north and not another change of plan .
Where are they going to get the money to explore the pipes????Na this is a dud.

Takaha, Mjr1234.

You two must be rubbish at cludo.

>MJR1234

TFC is not an alias of mine. I only have two registrations with MoneyAM, Anomalous and Anomalous1. TFC is clearly French and you can tell by the way he insulted 'the English', when he is unaware that Mclellan/Takahe (another multiple Alias!) is actually a Kiwi (from New Zealand if he doesn't understand that reference).

I think he's summed it up pretty well. I haven't been posting about NML today, because I was laughing too much at the RNS!

You really do have to be gullible beyond words, to fall for this new license being worth anything. I noted that three of the regulars on the AD^FN BB, three of the bullish ones, were suddenly having doubts about what NML is getting itself into.

And well they might, because a new license like this is going to cost a bomb to explore. Sure it might have kimberlites, but you don't know if they are diamondiferous. There's little to suggest if they are. At least with Petra's kimberlites, they are in the general vicinity of known diamondiferous kimberlites. Even the chemistry suggests so. But with the new NML license, you have nothing to suggest that there is anything worthwhile there.

Do remember that out of every 100 kimberlites, only 10 are diamoniferous, 5 of these might contain economic quantities and 3 will be mined.

NML has 5 kimberlites, so on a rough estimate you have a one in four chance of having an economic diamondiferous pipe. However, life (and exploration) does not work like that. Seeing as these pipes are near the Lucapa corridor, but away from the most prospective zone, I would suggest that IMO your chances are far less. You would have had a much better chance in C9, but then the company screwed that up by trying to 'muscle' their way in on the kimberlite.

The news today suggests that the company will have to do several things. Firstly I would now expect them to be planning a consolidation in the near future. They'll need to raise more funding to pay for the aeromag and any drilling. It certainly isn't cheap. So they'll end up selling the new story to other 'punters' and mugs, in the hope that they will buy the new story, whilst forgetting about previous 'near misses' like the C9 alluvials. I wouldn't be surprised if they ended up being the Bucket Shop 'sell of the week' when they try to get rid of the new issues.

As for the Majors, you can forget about getting them to fund the exploration IMO. I spoke with an industry expert last week and he spoke with all of the majors regarding NML. They told him that they ran a mile when they were contacted by NML. Even though NML had a license in C9, they wanted nothing to do with them. I wonder why?!

Could it be that they sensed that this company were complete amateurs? A status that they earned by getting so close to generating revenue, after so many failed promises - only to then change direction and charge off chasing rainbows, which they had little hope of achieving, given that Endiama had asked Catoca onto the territory to explore on their behalf.

When are you going to wake up and realise that you are being fed the same tired story and excuses time and time again. Their current management has little experience of mining and is hardly suited to 'do the deal' and acquire a hot license. He may know his due dilligence, but if you gave him a bucket and spade, he'd probably try to build a sand castle - no foundations - rather than seek out signs of indicators and validate any claims. That's why NML need a geo-trained executive with a successful diamond pedigree.

All they have at the moment is one lame poodle!

Hows EPD doing today?

Don't talk about EPD! I topped up on them on Friday! Kiss of death...

No they have the mystery seller/s back too eagerly waiting to dump at 1.2p .
They are dumping in 500k lots the shares they bought them last week at 1.1p.lol.!

Anom..." spoke with an industry expert last week and he spoke with all of the majors regarding NML. They told him that they ran a mile when they were contacted by NML"...I think you should be very careful saying that sort of thing unless you are prepared to quote your source.

I don't have multiple aliases...I have my user name on ADVFN (mclellan)and my user name here (takahe) because I can't use mclellan here. Everyone knows that..it is no secret.

My source - a journalist, is well known and I doubt that he would mind being quoted. If anyone decided to take any action based on that statement, they would end up with more egg on their face as a consequence.

Analmouth
"an industry expert" or "journalist" - which? surely you can't believe them to be interchangeable expressions! one is paid to advise industry, the other is paid to sell newspapers.

why do you insist on telling us all what we know - and then insisting we understand it the way you do - what's it to you if our head is in a different place to yours - go and control someone else' thought processes - it's bad enough holding some worthless shares without you rabbiting on like you invented information - facts are interesting and useful, opinions expressed as unpleasantly as yours are not