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 ??

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.

Healy apparently went to South Africa last Sunday and then on to Angola by Tues/Wed. Don't know when he comes back, but I hope he will have have been able to sort out something on Kassai or C9 or preferably both.

Ouch.!

Sp will fall further tomorrow down to nearer the offer price of 0.5p

228 million shares at 0.95p (pre-announcement) + 1,000 million shares at 0.50p to be issued, should average out at 1,228 million shares at 0.58p any premium or discount for sentiment towards future prospects.

The fact that it dipped to .55p at one point today and has since recoverd to 0.95p near closing seems to suggest the market quite likes the news on reflection. Perhaps, as nkirkup says above, there will be more "reflection" before we are done!

takahe - why so silent?

sd

stockdog...was out earlier. We'll see what happens next..obviously it is to be hoped that this money is needed for the negotiations. GM regards it as showing that NML are serious deal-makers! I hope he is right!

Had a brief chat to Gary. SH is back in Perth and supposedly had a really good visit to Angola. Various things still in the melting pot, C9 not lost yet or anything. SH apparently didn't know about Hudson...he asked Gary how he knew and Gary said I sent him the Hudson RNS!Gary claims he already knows someone who wants to buy the pink diamonds from there.
I asked about Kassai and reminded Gary that SH had given a ballpark time of end of November for more news of that. G says that there are still legal things being sorted out and he can't say anything.
Sorry folks..no more.

takahe,

Thanks for the update.

"SH apparently didn't know about Hudson " nice to know that his up to speed on news, shareholders can sleep well knowing that.

aldwickk- he was in Angola at the time and not in touch (!) I'm sceptical, but Gary said that SH's mobile phone was as much use in Angola as two tin cans and a piece of string....
Apparently they have arranged to get HUD RNSs direct to them, in future, although I have to say you'd think they'd have thought of that before.

aldwickk,

That's not the first time he has been oblivious to Hudson news either!

I was talking to a chap from Angola recently, and he told me that the mobile network in the main cities and towns is ok, but obviously in the more remote parts there isn't a network.

I find it hard to believe Shane's mobile doesn't work in Luanda personally, and I'm pretty sure there will be internet access there too.

I am reporting what I was told. Someone else can ring up GM and get his version. Nor did I say there wasn't internet access. If you are in the right place, there is. Not oout on C9, though! Good thing that you are not a shareholder if NML ,so you don't really have to bother about it.

Takahe,

I wasn't doubting what you were told, but I would never have swallowed a story that the country doesn't have a mobile network that works! For goodness sake.

Have a search on google, they have multiple networks!

This took me less than 20 seconds to find, for example.

http://www.cellular.co.za/gsm-africa.htm

---------------------------------------------------
Digital Mobile Phone Networks In Africa

[African GSM 900/1800 network operator list]

Country Standard Startup Operator Notes

Angola CDMA800 2001 Unitel Operated by Portugal Telecom, with local partners

Angola AMPS-800 2/94 Angola Telecom Luanda, then nationwide

---------------------------------------------------

As Shane lands in Luanda, his cellphone will work there, as you can see they have a GSM 900/1800 network.


Research is so easy when you try!

Local hotels have internet access, so he COULD have seen the Hudson info had he wished. If I was in his position, I would have been on the web asap after arrival.




"Good thing that you are not a shareholder", well you have that right!

Let's just say that if I hadn't have sold after the shambles of a meeting last year, (which I did) then I would certainly have been out at 4p BID, regardless of what was being said on the BB!

The dangers of BB's is that people believe the rubbish being posted by people that pretend to be in the know, until it's too late of course!

Some poster names seem to be conspicuous by their absense these days, I wonder why?

Andy

Gary said that SH's mobile phone was as much use in Angola as two tin cans and a piece of string....

Just because they have network providers in Angola, does not mean that the coverage is good. Infact, my O2 phone coverage in the UK is pretty crap, and Angola is considerably larger than the UK.

Andy there are lots of us still here but have nothing to say so have not posted recently.
Have a Nice Christmas
Di

Filthy,

I have an O2 phone too, and I concur, there are some blind spots, (my office for one), but overall I only have to move a few metres to receive a signal.

I was in the Thai jungle, on the Burmese border, miles from anywhere, and I got a signal!

I do not believe Shane's mobile does not work at all in Luanda.

I also do not believe Shane does not have access to the internet whilst in Luanda.