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 ??

There is nothing illegal about receiving communications from company Directors Anomalous. Perhaps you think it is only ok to phone up secretaries on their mobile phones like you admitted to having done with "Kerry" of EPD?

Anom....are you going off your head?
"Useful evidence that you were in receipt of communications from Healy. Open wide and stick the other foot in if you can! "...wrong again...I was in receipt of communications from Gunner, mostly. There was nothing 'secret' in them at all or anything remotely price sensitive. You have never given ONE example...you just SAY it is. I exchange emails quite often with David Horgan of Petrel, not just me....David responds to most people who email him...there is nothing wrong with that. You phone Kerry Spencer ..what is wrong with that?
I've even posted here a grumbling email I sent to Healy.... and his reply.

Anom-There has been 4.57m buys today, poeple are only buying this week. You are always deramping this company no matter what RNS they issue, are you still shorting cos your the only one who is now. Bargin price at present with further upside later this month.

I am going to publicly reveal....one of the 'secret' emails....stuffed full of secret information ..but it must be coded heavily

from October 2004
Fiona,

Yes we will be in London from 1st Nov. Our marketing company in UK is planning the event. It is more than likely be Thursday 4th in the pm say about 5:30 - 6:00pm.

Keep the Wednesday and Thursday clear if you can.

Will be able to give you at lease a weeks notice.

Regards
Shane

TheMaster - 08 Nov 2005 13:44 - 1736 of 1737
Anom-There has been 4.57m buys today, poeple are only buying this week. You are always deramping this company no matter what RNS they issue, are you still shorting cos your the only one who is now. Bargin price at present with further upside later this month.

Are you really as foolish as you appear, because it is not possible for anyone (excet the MMs) to short NML. Too low a market cap.

I have no position in this share.

No financial position maybe, but your psyche is deeply, deeply invested.

mjr - there you go again, mixing up your v's and your f's - how many times do I have to tell you!

sd

LOL! that as well!

mclellan - 8 Nov'05 - 21:49 - 3031 of 3033
What the chap told me, if I have got it correct, was that it is as if NML is a 'cleaned up shell' with Kassai reversed in to it, so its assets have grown and present shareholders are not diluted out. He says there will be more announcements over the coming weeks. No idea what...

Ianwc - 8 Nov'05 - 21:58 - 3032 of 3033
a cleaned up shell. that's a new one. lol.

mclellan - 8 Nov'05 - 22:27 - 3033 of 3033
Ianwc- that's the words he used..I don't pretend to understand it and thought it sounded 'corporate-speak'.
He also said Healy is off to Angola soon.

Are you really that innocent that you don't understand what is going on?!

I think Ianwc knows, or is being sarcastic. Andy and I discussed it earlier this evening and were bang on the money. What you are looking at Ladies and Gentlemen is a corporate phoenix operation.

It appears to me (IMO) that any company which is so tainted by failure to achieve any of its goals and diminished in value, that this company must seek a complete change of identity, to camoflage it's previous history. So how do you do this?....

If it was a woman, it would have a new hairdo, get a new frock and apply a fresh slap of make-up and find a new boyfriend/husband.

If it were a house, you would get the decorators in and apply a fresh coat of paint, build an extension, change a few bits of furniture.

If it was a car, you'd 'pimp your ride' with a new heavy duty sound system, adjustable suspension and neon lights.....

But if you're a listed company with a very bad record of failures and none of the majors want to know you.... you reverse into a fresh company only created a few months before...

change your company name...
change your listing name...
change some of the directors...
change the area of operations...

and then run back to the majors and say that you want to talk about a JV deal.

It's so simple it's laughable...

The only problem for the (same) shareholders is that they will probably get shafted in the process.

IMO in order to raise the finance to operate a new company, the old company would more than likely have to consolidate the old shareholders and then dilute them massively with the new shareholders they obtain when they've completed the reversal.

After all, you don't want to run a new company with the same massive number of shares. You want to be able to raise enough cash to keep the new company and it's new prospects and new territory running.

So you have to consolidate the old shares by say a factor of 100, raise the share price artificially to 85p to 125p, but reduce the number of shares from 239 million to 2.39 million shares. Then you dilute the old shareholders out of existance by doing a massive placing of say 5 or 10 million shares (at a discount to the market price of course of say 65p or 75p), so that the new shareholders can sell their shares into the market and collect the premium on them.

The 'clean' shell comes about, because the new company asks the Exchange for a new epic. With that Epic comes new charts (with no connection to the old company share price), new bulletin boards, but with some of the same characters - just a lot more aware of what the company is up to and annoyed at being used to enrich a few individuals at your expense. The shell is 'clean' because it comes with none of the 'failure' baggage of the old company - except the shareholders (and directors) of course.

Then with the newly raised funds ($ millions) and a massive license area, they start drilling on the known kimberlites and aeromag surveying the rest. The only flies in the ointment are the old shareholders and the old company reputation. Mind you, despite their howls of protests, the old shareholders can be ignored.

The only annoying point is that despite the new identity, the majors won't be fooled. They'll know who the new company is. The only way that any new company can attract the majors, is to find something lucrative. An economic kimberlite. But with plenty of (new) shareholders money, they can spend as much time as they like looking, whilst they issue new shares at a discount for certain people to sell into the market and collect the premium.

Meanwhile, the value of the existing shareholders, which once stood at 6p pre-consolidation goes to 0.25p and lower and even lower.

The old tricks are certainly the best, because there are always plenty of fools that have never seen them before or fallen for them.

Ever felt like you're being taken for a ride?.................

Excellent post A . My thoughts mirrored. Everything one needs to know about some of the old tricks being the best ones. .And something every NML shareholder should by now have realised is that your board are conjuring up something not unusual among smallcaps . A refit .A new corporate image .With heady new presentations to half the city who will even entertain them . .Every bit of news shows them for the mining charlatans they are Absolute novices . ,,,MMs are trying to jetison an overhang of up to 6 million shares @ o.6 to discount houses whose tiresome " ring you up at home out of the blue" with glowing reckies " smack of utter desperation .....Usually heavy buys have moved this stock ,,,,lt hasnt today. l think mms will keep NML at this level unless something remarkable happens ,,, and in my opinion it wont . And even if it did a vast percentage of the new placees would be right out ,,,,,,,,,Well back to work for me ,,,,see you in a month to six weeks hopefully NML shareholders will salvage something from this mess ....

Anomalous- I am not interested in YOUR interpretation of things. I was kind enough to pass on to Andy the information that was sent to me, in good faith.

Anomalous,

It looks like your French accent starts to slip a little at 1:49 in the morning..

When will you learn - TheFrenchConnection is not one of my aliases. You've become so paranoid, that you think I'm trying to fool you everywhere.

I only have two logins for MoneyAM - Anomalous and Anomalous1

LOL! Surely there can't be two saddos who post on a share they have no interest in at 1:30AM?

Strange as you might think it is, there are. Maybe TheFrenchConnection is in another time zone and not in France. But it's not my posts.

His command of the English language sure does seem to have come on in leaps and bounds there.

-Must be a night person........LOL!

Gosh . . . isn't it quiet in here recently!!

I wonder why?

Perhaps they've finally woken up to what is wrong. I posted this to the other BB on AD^FN and nobody has responded. I doubt it is because they are cold-shouldering me. Far more likely that they agree with most of it.

Anomalous - 16 Nov'05 - 13:41 - 472 of 472

mclellan - 16 Nov'05 - 10:58 - 3195 of 3205
notGMman...of course, we don't actually KNOW that the kimberlite venture has failed. In the last RNS, they are still hopeful of getting a slice of that...unless they are lying in their teeth.It certainly undermined the share price and most people's confidence in the management.

>Mc

What the management are doing is being economical with the truth. The sort of thing that spin doctors get up to every day.

I could tell you that I'm going to be an astronaut in the next 10 years, but unless I provide proof, it's mere waffle. I could show you an application to the Virgin Galactic, but unless I cough up the funds, I'm not getting my feet off the ground.

Likewise, NML may tell you that they have a chance to get back to the C9 alluvials, or even that they will get a share of the kimberlite, but in actual fact the possibility of both is so remote as to be less likely than my dreams of being in space.

The trouble is that they have well and truly annoyed Endiama with the kimberlite work. They may dress it up by saying that they are acquiesing to Endiama's wishes, but don't fool yourself that they are in Endiama's good books. NML doesn't have the funds to get back into good graces - if you know what I mean.

Kassai is nothing more than a bone. I've spoken with field experts (my usual contacts) and they tell me that Huambo is agricultural land. It is the 'bread basket' for Angola and produces a great deal of their food. It also happens to be one of the most heavily mined areas in Angola. Pricess Diana actually visited the region to see the Halo Trust in action, in the months before her death. Exploring in this region would be fraught with dangers and difficulties.

Britain's Princess Diana Makes Goodwill Mission to Angola

Visit Sparks Renewed Public Interest in De-Mining Efforts

Great Britain's Princess Diana was in Angola from January 13-16 as an International Red Cross VIP volunteer in the hopes of raising public awareness of international efforts to ban land-mines. During her five day goodwill tour of Red Cross operations in Angola, the Princess visited land-mine victims in hospitals and clinics and participated in land-mine destruction activities in Huambo. The visit was hailed by the Angolan government, the UN Special Representative to Angola and NGOs as an important way to focus world attention on the destructive consequences of land-mines to civilians.

In a visit to the central Angolan city of Huambo, the Princess saw first hand the work of international organizations in de-mining when she visited a mine clearing site operated by the British NGO Halo Trust. There Diana walked down a recently cleared corridor through a mine field and detonated a mine by remote control. She then visited a hospital in Huambo and met with mine victims, many of whom were women and children.



http://www.angola.org/news/pensador/february97/diana.html

The other point that was made to me, was that it is not in an area that most would consider 'prospective' for diamondiferous pipes. There are kimberlites there, but the majority of Angola's 33% is in the Lundas. So the odds are not good.

In fact, given the size of the area, the biggest worry will be how they can raise the finance to do the aeromag needed to identify any targets. You'd have to look at some of the other players that explored a similar size zone to see how much they spent and what the results were.

Just because you have identified potential anomalies, it does not mean that they are diamondiferous. You can follow up the aerial survey by ground chemistry and geophiz, but to actual prove that the targets are worth looking at to a major, you need the drilling series. Quite simply put, NML does not have the funds to do this.

You've also made a good point about infrastructure. You may have built the roads and bridges for access to C9, but all this has done is save Catoca the job of doing it themselves. A whole new set of roads and bridges will be needed to set up any new mine site - provided that you find one of course.

Then there's the 'acquisition' of Kassai. I've no doubt that the agreement will be struck before the end of the month and you will get an announcement. But you should prepare yourself for the fact that the share price may not move in the process. If I was to do a comparison for you, I could point to EPD. The recent Prelims were generally what was expected. There were a few interesting points, but nothing spectacular to make the market excited. Consequently, there was no movement in the share price.

Likewise, with NML, the deal IS expected, but the market knows that this deal means expenditure elsewhere in the future. That means further fund raising. I believe the market has already priced in the news and there will be no substantial movement in the share price - until they tell the market how NML intends to raise the finance required that is. If they do announce the reversal that was suggested, then the consolidation (through the offer) may be an indictaion of how they intend to raise funding.

It appears that InTheDark is blaming Endiama:

InTheDark - 16 Nov'05 - 11:59 - 3201 of 3205
It is Endiama that has halted NML's activity at C9, they strike me as being a bunch of greedy amateurs. But theres not a lot NML can do except toe the line and prove to Endiama that NML are the right people for the job.

They could do this by bringing in a major player as a partner for the C9 kimberlite as i get the impression the Endiama really don't have much of a clue and are proberly just waiting for a major player to throw a big suitcase of cash on the table.

Also I would have thought the alluvial mining and kimberlite geology work could be happening at the same time. NML must have removed all the overburden by now and could get straight into alluvial production?

anyone else feel like we have gone back in time 18 months? wish the share price had though.

ITD is not doing anyone any favours by blaming Endiama. In my view they've done nothing wrong. Endiama are the injured party in this, because they were expecting considerable revenue by now and all they have is broken promises. They issued the mining permit, but it appears that NML had other ideas.

Quite a few have suggested for some time, that NML never did mine any alluvials. They moved to the kimberlite long before they even started on the alluvials and I would suggest that their RNS's were misleading. In their defence, they may claim that the overburden is 'technically' alluvial or elluvial. Certainly the mining experts consider that it is. Endiama may think otherwise though and you can be certain that the area they did work on was not one of the alluvial areas mentioned in their project plans.

Maybe you need to lay the blame on the factor that caused all the delays. Not the shareholders, not Endiama, not the local people, not the weather, but merely the gross incompetence and inexperience of the management.

Anom..." doubt it is because they are cold-shouldering me. "...no, it IS because we are cold-shouldering you. I think most people have filtered you now...

"Likewise, NML may tell you that they have a chance to get back to the C9 alluvials, or even that they will get a share of the kimberlite, but in actual fact the possibility of both is so remote as to be less likely than my dreams of being in space. "
You don't know what you are talking about...this is in YOUR opinion....
So they are going to be blown up by mines, now, are they?
Why not go back to the suspension story..oh,no, of course, that was a load of absolute rubbish dreamed up by you, wasn't it?
If I was you, I'd spend more time worrying about EPD...almost ready to crash through that 20p mark! No one trusts the EPD management from past experience...I hear, from MY sources in the industry