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 ??

with your friend ? TESTEX ramping the shares do you blame me for being scared lol.Remember Aerobox?.

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aldwickk,

If you actually research the price testex came to on this of 94p, i dont think your find he ramped them, but was actually being conservative.

With regards ARX i believe testex bought at 27.5p and sold at 37p that was not ramped either and also told arx thread that he was out, i think that was sensible of testex to take the profit rather than trying to be greedy, looks like he called it right.

Regards.

Testex nikki 1pnumber4 dickhead.

what price were ARX when you told the AOL thread you had sold them 25p? sorry for spoiling your thread leewink.

aldwickk why dont we take this on aol so i dont have to keep wasting my time changing ip's?

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I do hold shares in NML,Lee. bought at 5.48p.

cool, looks good today after yesterdays best efforts to kill it, we stayed green yesterday, must have good strength, now blue !!

Have a look at Trading Sports Exchange systems (TES) when you guys have a minute... they look cheap at 26p to buy. Ray Ranson has just bought a 10pc stake in the company... I know someone that spoke to chief exec and he believes that company will be cashflow positive either early next year or late this year... sooner if contracts are won. It looks like a similar situation to ASOS a few months ago... and I was one of the lucky ones to buy in at 6.5p.

There has been plenty of trade, mainly buys might I add, but the price hasn't moved significantly. I think this share has massive potential over the next 6 months.

As for NML, Leewink is right, lets see how it goes for a few months before we have a go at him!!! Lol. Mining shares are always going to be in for a bumpy ride. If the company delivers its promises, it will be a little gold mine!!

A FEW MONTHS !!! LOL

A good positive RNS should be soon, with the minestart etc, I hold good feeling with this company.

Any views on all those sell trades today.

yep, over the last few days the spread has shrunk.

people will sell, people will buy, why sell or buy ?? its the persons choice as with all shares, there's a buy price and sell one for everyone.

News expected in around a week as stated in RNS at the end of april, 6 weeks to prospect and grade outcomes of the lapi project.

Day by day there niobium JV gets closer to finalise.

Swings in price will happen between news, but i'm happy to sit and wait for news, I am totally not worried as a long termer, as i'm sure many people who invested aren't either.

If this news appears as expected and to the amounts already issued we will see definite change in sentiment here as the story unfolds.

NML have just updated there website, very diamond oriantated, and to me could signal imminent news as already they've stated 6 weeks to prospecting result, and thats this week.

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

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LEEWINK how about nml no news last week,whats your views on this one.

Ateeq,

Most of the NML staff are in Africa working on the getting the mines up and running. The announcement on progress will be made on their return to Oz. A slight delay is not a worry since Angola has only just become politically stable and lacks much basic infrastructure. The potential is definately there though, there is currently only one large commercial mine and Angola has the natural resources to be the world leader in rough diamond production. High quality gems too. There are more details on the website.

NML also has a joint venture with Hudson Resources in Greenland where there is also much potential. HR will soon be conducting an arial geophysics survey - see the HR website for more details.

Load of potential and NML is now at a good price. Will move quickly when good news is released. DYOR.

Exellent info on the diamond potential in Greenland and Hudson Resources, NMLs joint venture partner in Greenland

http://www.stockprofilers.com/hud.htm

Specific extracts below

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Diamond exploration is a highly speculative business, with no assurance that even a highly promising site will pan out. However, the potential rewards are enormous and the risks are relatively small. Just one small kimberlite pipe measuring 125 metres (400 feet) in diameter from the Lac de Gras region in northern Canada, source of the Ekati and Diavik diamonds, has been estimated to contain US$6 billion in diamonds. While not a valuable as this one, many more pipes are being mined in the region. And mining companies such as Hudson Resources, Inc. have just begun to tap sites in northern Canada and other regions that have similar, if not superior, characteristics for diamond hunting.

Specifically, HUD has obtained exploration licenses for 533 square kilometers (205 square miles) in the Sarfartoq region of West Greenland, where geologic conditions are analogous to those of the big finds in Canada and where initial tests have turned up small diamonds and other stones consistent with diamond-bearing rock. The company also owns an 80% interest in another 765 square kilometers (about 380 square miles) adjacent to its 100% licensed land. Note: NML own the remaining 20% and HUD will shortly be carrying out detailed geophysics on this area in which diamonds have been found and kimberlite is known to exist

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Demand for Diamonds Grows
Diamond mining is an uncommonly lucrative activity. According to Hudson, five of the 10 most profitable mines in the world are diamond mines. In contrast, none are gold mines. Diamond mines also typically have a very short payback period and offer high return on capital investment compared to other mineral deposits. Hudson cites the example of BHP Billiton, whose 80% stake in the Ekati Mine represents 4.4% of its asset base yet provided 12% of its half-year profit (in the six months ending Dec. 31, 2002).

The price of diamonds also has shown robust growth ever since the Canadian diamond rush got under way in the mid-90s. The demand for this most desired of gemstones seems impossible to exhaust even with new supply coming on line. Between 1995 and 2000, diamond prices increased about 5% per annum, substantially outperforming oil, gold and the Economist Commodity Price Index during that time. More recently, wholesale diamond prices rose 10% in 2003 as demand for diamond jewelry surged once again in the U.S. And so far in 2004, the wholesale giant De Beers has announced two price hikes a 3% increase in January and a 5% rise announced in March
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http://www.stockprofilers.com/hud.htm

Baughfell,

How did you find out that most of the NML staff are in Africa please?