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 ??

takahe,

Happy New Year to you, and all the other posters here!

Let's hope we all prosper in 2006!

NML suspended. But would Healy be going on TV on Monday if it was all bad news ?
http://www.cnbceurope.com/

We know it's bad news - we're just questioning his judgement yet again!

sd

Stockdog,

Well I agree with Takahe, surely he wouldn't be doing a TV slot unless he had something positive to say?

On the otherhand,the actual RNS maybe casts some doubt on that, or am I the only one to think this could be a negative?

MY guess(and it's only that) is that they couldn't raise all the funds,but would welcome any informed opinions!

RNS suggests to me a possible last minute failure to get the new funders over the line. SH going on TV is not well judged, since he can't say much that is price sensitive - maybe more hubris than helpful.

Hope for everything - expect nothing!

sd

morning stockdog...I rang the Nomad's office yesterday. It seemed peopled by cretins.
Call 1. I asked what Rule 40 was ..and the young guy said why was I asking about that...I told him that's what it said in the RNS. He said..there is no Rule 40.I asked him why the suspension? He said that NML had asked for the suspension because they are aware of something that is price-sensitive information and that there should be another announcement soon.
I then looked up Google to find there is a rule 40. (I could see why he was confused..although he should know these things) because the first set of regs I looked up DID go from 39-41.
Call 2..got a different person who said they weren't allowed to talk to PI's. AT that , I'm afraid my nastiest voice took over and I said that their number was the one investors had been given for 'further information' and that I had been told on my previous call that there was no Rule 40 and how incompetant were they that they didn't know what was in the RNS and they didn't know the rules? He was then rescued by the previous git who said there was no need to sound so angry!
I know that Anomalous has made a complaint to the regulator (again) about NML and mentioned that. He sounded confused and said that he didn't deal with NML (small mercies, there, I think!) and that the person who did was 'sorting it out'.
I then asked if his earlier assertion about the PSI stood and he said he didn't say that. I said that he had, and that I was most unimpressed with their office generally and rang off.
Bottom line...no idea!
As regards to the funds, they have already stated that they have raised the funds.
The new shares came to the market on the 14th Dec.

takahe,

Upon reflection I believe the suspension is due to NML not informing the market who took up the placing shares, as some must surely have exceeded the 5% level, and were therefore declarable.

Presumably they have had to suspend whilst they sort out who owns what, and declare via RNS.

Perhaps another example of the NOMAD not knowing his ass from his elbow!

Shane would have been booked on the TV slot before this was known, so no connection to the suspension, IMO.

If on the otherhand, the suspension is down to positive news, (which I currently don't think it is)then they would have to RNS before Shane does the TV slot at lunchtime.

Takahe,

I now see that The Times has published an article today saying the placing may have failed!

Maybe my first opinion was correct after all?

How can this be if the shares were "issued to the market on Dec 14th" ?

The Times may be wrong of course, I guess we will know for sure on Monday?

I am pasting the article posted over the road for information here, plaudits to the poster 'Cimbom' BTW.


Suspension for New Millennium shares after 5m fundraising fails
By Nick Hasell
Smaller capitalisation shares
http://www.timesonline.co.uk/newspaper/0,,175-1974407,00.html


ONE of AIMs more speculative mining ventures had its shares suspended yesterday after being unable to complete a 5 million fundraising.
Cash-strapped New Millennium Resources, an Australian-based diamond explorer with licences in Angola and Greenland, said last month that it had secured backing for the fundraising, entailing the issue of 1 billion new shares at p. The funds were to be used to acquire and explore a diamond concession in Angola, with the new stock due to begin trading on December 12.

That deadline passed, but confirmation that the refinancing had gone awry came only yesterday, when the company, whose shares had slipped 0.03p to 0.82p, requested suspension pending clarification over the placing. The FTSE 250 rose 17.2 points to 8,915.5.

Personally, I think that Hasell may not have checked his facts:

- 21 Dec'05 - 12:36 - 3870 of 4078


The 1 billion shares started trading on 14 December. The dilution has already happened. See RNS below, though note that I have cut out the non-relevant bits as this is a list of all shares admitted that day from all companies.


RNS Number:6326V
AIM
14 December 2005







NOTICE


(617)


14/12/2005 8:00am



The London Stock Exchange admits the following securities to trading on AIM:




NEW MILLENNIUM RESOURCES LD
1,000,000,000 Ordinary Shares of No Par Value (3-089-501)(AU000000YAJ4)
fully paid



If you have any queries or require further information, please contact Issuer
Implementation on 020 7797 1473.

AIMNOT617


This information is provided by RNS
The company news service from the London Stock Exchange
END

Another NML holder has suggested this to me:
The Co correctly reported it's placing but it would seem that the buyer may not have reported it's holding to the company. The UK regulator cannot act against the buyer if they are not in their jurisdiction,eg. if they are not domiciled in this country, other than to suspend the market in NML until they comply. This action obviously encourages the buyer to comply.
If there are negotiations going on, there may have been a need for secrecy .
Only a suggestion...

Here is the full reference supplied by Fugu on the other side.

AIM Notice (617)

RNS Number:6326V
AIM
14 December 2005







NOTICE



(617)



14/12/2005 8:00am



The London Stock Exchange admits the following securities to trading on AIM:



ADVANCED SMARTCARD TECHNOLOGIES PLC
197,368,421 Ordinary Shares of 0.03p each fully (B0SR9F0)(GB00B0SR9F04)
paid

CLASSIFICATION INDEX: 977



AKERS BIOSCIENCES, INC.
28,000 Common Shares of No Par Value (3-163-331)(USU009441051)
(Regulation S) fully paid



CARDIOMAG IMAGING INCORPORATED
21,134,059 Common Shares of USD0.001 each (B0TLHG8)(USU141461017)
fully paid

CLASSIFICATION INDEX: 446



CARLUCCIO'S PLC
56,738,285 Ordinary Shares of 5p each fully (B0Q4N51)(GB00B0Q4N517)
paid

CLASSIFICATION INDEX: 539



DAWNAY, DAY TREVERIA PLC
410,529,200 Ordinary Shares of EUR0.01 each (B0RFL71)(GB00B0RFL714)
fully paid (Regulation S)

CLASSIFICATION INDEX: 862



EQUEST BALKAN PROPERTIES PLC
140,000,000 Ordinary Shares of EUR0.01 each (B0QB4K4)(GB00B0QB4K42)
fully paid

CLASSIFICATION INDEX: 862



IMPRINT PLC
10,000 Ordinary Shares of 1p each fully (3-041-705)(GB0030417058)
paid



KUJU PLC
114,048 Ordinary Shares of 5p each (3-158-393)(GB0031583932)

fully paid


MARCH NETWORKS CORPORATION After allotment
2,968,382 Common Shares of No Par Value (B07RZW0)(CA5662191017)
fully paid



MEDIWATCH PLC
4,277,265 Ordinary Shares of 1p each fully (0-663-373)(GB0006633738)
paid



NEW MILLENNIUM RESOURCES LD
1,000,000,000 Ordinary Shares of No Par Value (3-089-501)(AU000000YAJ4)
fully paid



PORTRAIT SOFTWARE PLC
21,213 Ordinary Shares of 2.5p each fully (3-191-871)(GB0031918716)
paid



PREMIER BIONICS LIMITED
5,000,000 Ordinary Shares of No Par Value (B0MJQX9)(AU000000PBI2)
fully paid



ZENITH HYGIENE GROUP PLC
4,500,000 Ordinary Shares of 5p each fully (B0TLVZ5)(GB00B0TLVZ53)
paid

(Ranking for Dividend from 01/09/
2005)



@UK PLC
37,565,394 Ordinary Shares of 1p each fully (B09Y8Y2)(GB00B09Y8Y28)
paid

CLASSIFICATION INDEX: 977







If you have any queries or require further information, please contact Issuer
Implementation on 020 7797 1473.

AIMNOT617

Andy..so are you inclined to believe the Times online rather than an official notification from the LSE?

British bulls 6/1/06

New Millenium Resources NL
Daily Commentary


Our system posted a SELL CONFIRMED today. The previous BUY recommendation that was confirmed was made on 19.12.2005 (20) days ago, when the stock price was 0.8800. Since then NML has fallen -5.68% .

Were you eager to sell your shares? Without doubt, it was the right time to do so. Maybe, you were even courageous enough for a short sale. If you have done so, it is even better.

If not and you still have shares, it is not very late. The next session will give you the opportunity to sell them at a suitable price.

short sale...! British Bulls is sometimes Sooo ridiculous

Not a shareholder here. Thought you guys may like to know that Shane Healy is being interviewed tomorrow at 12.35 CET on CNBC Europe.

best wishes

The shares can all have been admitted to trading without the proposed buyer(s) having acquired them - they remain issued, admitted, but unpaid for. Dangerous to try to fit the facts to "normal" constructs by ignoring some of them, when the facts may all be true and not mutually exclusive - if worrying.

As ever, total incompetence by the company and its officer abounds.

sd

Andy - why would there have to be an RNS before positive news? The share is suspended, so price-sensitive news does not matter.

bundu,

That would be the RNS required to unsuspend the share, that is if I'm correct in thinking it's the lack of notification from the placing that has caused the suspension in the first place!

They will have to RNS the new large holders, before the suspension is lifted IMO.

hi bundu..haven't seen you here for a while.
At least Shane Healy must have something to say....perhaps there will be an RNS in the morning, with more information

stockdog....was that what happened with EPD? They couldn't get their shares paid for?