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 ??

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

Healy is in Oz just now, by the way...hope the Chairman is having sharp words with him!

takahe - 18 Nov 2005 13:24 - 1753 of 1754
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...

For a second I thought you were all brain-dead! - No wait, you must be brain dead for investing in such a pile of Kack and continuing to hold as it drops!

Yes, the general opinion is that unless they send their geologist out without clearing the area first, they may only get bits of them back! The Kassai concession area (Huambo) is in one of the most highly mined areas on this planet, not just Angola. Why do you think Princess Diana went there? - to highlight the problem.

The suspension - well I think you may regret the share not being suspended after the next drop, because the 'in-lieu' shares are not going to hold forever. Or did you think those large purchases were the broker and PR company topping up their holdings because they know what's going on. Get real, they no more want to be holding them than anymore than the MMs do if a drop comes IMO. So further selling is certainly on the cards if the news does not bring about a rise in the SP.

The suspension was not rubbish by the way, as the LSE had to remind the Nomad that they had to RNS the fact that the results were delayed and they had been granted an extension. That extension only lasts another month and a bit. If the accounts are not all they're cracked up to be, the new CEO/CFO will have a bit of pressure fending off the vultures IMO.

takahe - 18 Nov 2005 13:24 - 1753 of 1754
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

Take the mick out of EPD at your peril. There's quite a few in the diamond industry that are quite amazed that the share price has not shot up by now. It's highly likely that many industry people will be either taking a small investment on EPD to see how much they can make when it blows or will be speaking with them at Indaba 2006 to see how they managed to bring in the mine so heavily under budget and in a difficult site.

Besides, you've stated that you're an EPD holder. If you think they're that bad, then sell your shares. Otherwise stop being a hypocrite. Both you and Agincourt are going to be reminded of your posts when it does rise.

Anom..I have held shares in EPD longer than you. It is not doing well...I know that for a fact. I'm not selling them at the horrible, low price that they are, in the HOPE that they might rise. Your comment..."must be brain dead for investing in such a pile of Kack and continuing to hold as it drops! " could equally apply to you with EPD, if one was nasty enough to point it out! You are as one-eyed with it as you are with NML. Your latest posts on NML are ludicrous. I see you made rather a fool of yourself with AFD posts on Friday, assuming wrong information. Perhaps you should check your facts more carefully before leaping into print.
Nobody cares what you think of NML....there is a factor you have overlooked...
Have you not noticed most people are ignoring you, now, on ADVFN?

Trying to conceal the truth are we?

For those of you who attacked EPD's BB over the past 6 months - this is what real diamonds look like. Not those NML ones they put on an out of focus picture, to try and fool you they were in alluvial production.



Liqhobong Diamonds



C9 Diamonds? - are you sure? Was it out of focus for a reason? Certainly looks so.
Great huge ones? One metre down? Great handfuls of them?!!!!!
Are you sure Shane?!
Or are you sane Shane?!

If you want to be childish, it will only highlight that the NML shareholders are trying to conceal the truth.

The truth that they were misled by the management of the company. That the company never did extract alluvial diamonds during production on the C9 alluvial area.

NML can't provide the proof that they did produce - because that would mean that they withheld this information from the shareholders, even though they promised it by the end of June.

I don't think it is ME that is being childish, here, Nigel.
I will ignore you in future, with the rest....
You are becoming more and more illogical.

Do you mean 'irrational' takahe?

Probably...

I haven't posted for a few days on this BB, but Mclellan convinced me to change that:

mclellan - 24 Nov'05 - 15:57 - 3326 of 3326
dhamilton..hello and welcome to the rather currently depressed NML BB.
There are, believe it or not, a core of about 25 of us on here who are all holders.Not many people are posting just now because there is little to say and most of us are truly annoyed at the way that the Company has behaved.
There are 2 people who are arch enemies of NML..one is Anomalous,who posts pages and pages of diatribe and will go to any lengths to try and make trouble ,the other is a person with a deep grievance who started the death threat rumour last year. He changes aliases frequently and is probably shooter3.

I can understand your depression Mclellan. NML has been very disappointing, considering you were led to believe that by now they would be on 10,000 carats a month and generating enough revenue to justify a share price of 10p or higher.

It appears from your text that your are feeling very let down by the way that the company, or should that be, how the management have behaved. Not only did they mislead you with their naievety about mining matters, but they convinced you to hold on, despite all the evidence that both Andy and I were finding of incompetence or even deception.

It's a pity that you held on, all the way down from 6p and 7p, buying as it dropped, whilst the signs must have been warning you that all was not well. But then I know how easy it is to believe that all will be well if you have a little faith and wait a little longer.

The trouble is that the management were so persuasive that they would deliver. It was always one more small little push and the dream would come true. But that's the way that some trickers maintain control of their marks. They keep you interested in riches beyond your wildest dreams, by making you wait a little longer.

Whilst I agree that I do have a 'talent' for diatribe, it's not to go to any lengths to make trouble as you have unfairly suggested. You know full well that I supported the project, if not the management. If they had done as they promised, I'm sure that the shares would have been well above 10p by now. The trouble is that they were too inexperienced or too greedy to know what was staring them in the face.

Even if the Garimpo had not been as prosperous as Dr Smith suggested, there were plenty of other targets that NML could have explored without touching the kimberlites. Indeed, a few of the targets were so lucrative (in theory) that they would have yielded more than enough revenue to persuade Endiama to allow NML to become an exploration partner for the kimberlites, to take some of the strain off Catoca. But in trying to take all of the bounty for themselves, all NML have succeeded in doing is upsetting Endiama, disappointing the shareholders and making Catoca very happy by sparing them from spending hundreds of thousands, in excavating the overburden from over the pipe.

They've spent your shareholder funds making Catoca wealthier and have nothing in return. Not even the right to mine the alluvials. As it stands right now, the best you can hope for is that the Senator can persuade Endiama to give NML another chance at the alluvials. To try say the Point Bar deposits. Anywhere, so long as it is away from the kimberlites. But if Endiama can not find the persuasion 'economic' enough (and lord knows the NML coffers do have some 'flash' money to grease the palms) then NML is likely to lose the C9 alluvials and have to consider green shoot exploration near Huambo, where every third shoot has a mine attached to it!

You may think that I only wish NML unwell, but that is not so. What I wish is that the people who've sold the shares, that drove your share price down, were brought to book by the Exchange. It's not my posts or those of the others that caused the share price to drop, but the deliberate dumping of millions of shares at premium prices. These people have been persistantly selling, whilst you and others have been supporting the price by buying.

One has to wonder and consider very strongly, if the people that have been urging you to hold on just a little longer, are indeed the very same people that were happily dumping their shares at a profit. If the Exchange have indeed conducted their enquiry - which I doubt, then these people may be brought up on charges. However, that's not going to restore the NML share price. The only thing that can do that is some good fortune and maybe some silver/gold crossing palms.

Let's hope that the Senator is as persuasive as you suggest. But before you celebrate any success, maybe you ought to consider that the management has the same 'usual suspects' that managed to get you into this mess in the first place. Maybe you need to get someone with a little more experience to lead the 600 into the valley of death again! Maybe you should consult Ianwc, because he might know the ideal candidates. So long as the present numbskulls have been relegated to bean-counting again.

Maybe by the time the news comes next week, you'll have time to pause and think, who would serve your interests best, if the company is given a second chance. Or maybe, who shouldn't be allowed to screw it up again!

And you say that I "bend the truth":

mclellan - 24 Nov'05 - 17:31 - 3331 of 3331
dhamilton....depressed because I started buying these at 8.25p! My lowest buy is 1p but I have a huge holding in these.
The Company behaved badly in respect of the fact that they were supposed to do alluvial mining which was to be cash-generative by June. They changed tack , without telling anyone, and started to work on a kimberlite on their concession C9,in an effort to get a slice of a possible joint venture with a mining Major for the kimberlite potential which is MUCH more lucrative than alluvials. The share price dipped horribly thereafter, since the market thought the project was not viable. If Healy can secure a JV, it will be great, but Angolan politics are difficult to read and we all hope that NML don't get the brush-off from Catoca, the big Russian miner parked not far away and wanting C9. They have this second string to their bow in respect of a new concession at Huambo but no one knows much about this and there are more details new to be released (supposedly) by the end of November.

You were warned enough times that the share price was likely to 'head south'. I was not the only one to suggest this. Despite these warnings, where you and others attacked my forecasts, you continued to buy. Anyone that purchases shares must be ultimately responsible for their own investment decisions - UNLESS you were the victim of some kind of market abuse. I believe you were misled and that the people responsible have so far got away with the abuse.

The company did make promises they failed to keep. Not just on one occasion, but on too many to mention in my view. They did indeed change the playing field without consulting the shareholders and this to me seems a gross abuse of the trust you placed in them.

The share price dipped (on the announcement of the kimberlite failure) mainly because the company was forced to admit that they were told to indefinitely suspend all further work on the alluvials by Endiama. The import of this statement was to tell the market that there was little liklihood of any revenue from operations and that further cash calls were very likely. No wonder the price dropped. The same is possible if they make an announcement to say that they've been unsuccessful at persuading Endiama to change their mind over the alluvials.

Catoca are a successful consortium comprised of a diamond major, two other companies and Endiama. With the amount of revenue they bring into the Angolan treasury each year, it's not surprising that they would be favoured for the C9 licenses. NML simply doesn't have the resources of this giant. Catoca is able to muster considerable persuasion to convince the Angolans to give them what they need. It was completely foolhardy to think that NML could 'muscle' their way in on the kimberlites and neglect their responsibilities to provide income for their partners,as they promised.

Huambo is an unknown quantity at this stage. Given the history of the region and the advice of those who've actually been there, I would say that NML would have to spend a fortune to get any project up and running. At the moment, there is no 'project' so to speak, so they would have to spend a great deal, just looking for it. Not easy to do field geochem when the neighbourhood is full of landmines.

Let's hope that you at least have one 'done' deal (which you already must if Kassai is what I think it is!) to report by the end of November. dhamilton seems a very trusting person to buy 20,000 worth on the say of Pacific. But then maybe he's bought for the short-term......

as the rest of you thought you had last year!

Anomalous- why don't you just mind your own business. What I buy is absolutely nothing to do with you. As for 'Bend the truth' - you don't know the meaning of the word 'truth'. Stop copying my remarks to someone else...a new holder..out of context. He asked why we were depressed about NML and, as honestly as possible, I told him.
I hold NML shares and will continue to do so. There are 25 people that I know who hold these shares..not just me.
You are so spiteful and petty you latch on to any criticism we offer, like a leech.
Truly pathetic

Anom.."Let's hope that the Senator is as persuasive as you suggest"...I haven't suggested anything at all....I don't know him from Adam. As he is a politician, I assume he is used to negotiation.
Sneer away as much as you like....no one cares what you think.
You neglected to mention that dhamilton claims to have made 55K on tips from Pacific Continental so he trusts their judgement. You are very selective in what you choose to post here.

Takahe - You are wasting your time. Anom has a deep seated need to be right; to be seen to be right and to be acknowledged as being right. This means that anytime anyone says something contrary to his view, he will post "pages of diatribe" as mclellan correctly put it. His motives can't be because is he a holder as we are and is discussing part of his portfolio - it is a fascinating (to me) but rather sad neurosis. The guy/girl (I don't know) has personality problems. I susupect that every other holder on this BB respects your posts

gurumaister- I shouldn't rise to his bait, but I find his mis-information VERY annoying, particularly when he quotes me out of context. I have not found it any more pleasant than anyone else holding these at a loss for a while, but I still hope that Shane Healy can get a result here and I certainly don't think it is a con job, as Anom keeps saying. I feel so sorry for the LGB holders who DO seem to have been victims of a bad situation.
Good luck to all holders for next week...should be interesting. Gary has gone silent so I hope SH IS off to Angola.