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 ??

Is this the end for NML?

New Millennium Resources Ltd
10 January 2006


New Millennium Resources Limited

Resignation of Nomad / Broker

New Millennium Resources Limited (the 'Company') announces that Daniel Stewart
and Company Plc resigned as the Company's Nominated Adviser and Broker at 17.44
hrs on 6 January 2006 with immediate effect.

The Company is seeking to appoint a new Nominated Adviser and Broker without
delay. Should a Nominated Adviser not be appointed by the 7th February
2006, the London Stock Exchange Plc will cancel the admission of the Company's
shares to AiM.

From ADVFN,
'Just phoned SH -

He has just confirmed that the 5m has been placed. That is not the problem.

It is a regulatory issue one part of which is the identification/possible announcements relating to placees holdings.

He does not expect the AIM listing to be cancelled as the last part of the latest RNS indicates if no nomad is appointed. That bit has to be in.

He said await announcements.

The NOMAD going could be a reflection of the fact that they have not been doing their job correctly in advising/liaising with the company.'

My own personal experience of the Nomad's office from the other day is that they are absolute idiots.

I have to say now is the time to accept the worst possible interpretation - to do less is fooling no one but oneself that there is any salvation for this company.

Suspension followed by resignation of NOMAD for a company with this track record of management and results is as resolutely steady an indicator as a share price chart constantly bouncing down off a falling moving average.

Takahe, I admire your conviction, but recommend at least a balanced view of the facts - not that any of us can do anything about it currently.

Repent, all ye sinners, for the end is nigh!

sd

stockdog...it's not a question of conviction...I'm not totally daft..
I know it doesn't look good, but I'm only posting what SH said
to notready, above. The Nomad's office IS daft..no dispute about
that. Try speaking to them!

'Just phoned SH -

" He has just confirmed that the 5m has been placed."

Confirmation of the placing should have been in a RNS, not to an invester who happens to get to speak to him by phone.

It WAS confirmed ...in the RNS of 6/12/05.

Bundu,

It WAS not confirmed that the placing had been taken up in full, if so why did he confirm it over the phone then ?

bundu- I was just about to say the same...6/12/05
As far as I am aware,there was a complaint to the Regulator( and I think we all know who that was...Anomalous was boasting that he had put in a complaint) and the Nomad had to act. NML have presumably refused to say yet who the buyer of the new shares is and Daniel Stewart have had a falling out with Healy

aldwickk,

Exactly!



Stockdog,

It does look grim, and it will be interesting to see if they can arrange another NOMAD within the time allowed.

takahe - 10 Jan 2006 17:24 - 1843 of 1844
bundu- I was just about to say the same...6/12/05
As far as I am aware,there was a complaint to the Regulator( and I think we all know who that was...Anomalous was boasting that he had put in a complaint) and the Nomad had to act. NML have presumably refused to say yet who the buyer of the new shares is and Daniel Stewart have had a falling out with Healy

Technically incorrect Fiona. I reminded the regulator that the company had made an issue of 1 billion shares and that this value was far greater than 30% of the share capital of the company and that therefore under Rule 9 of the City Code a takeover should be declared.

The reminder was to ask the AIM to get on the phone to the Nomad and tell them that they needed to remind the company that if they failed to declare the Takeovers and Mergers Panel could take action against them.

It was quite obvious that the 1 billion shares was not to many individuals, but very few or even one. Under those circumstances, there was little doubt that a takeover was on the cards and given the percentages, it might even become/involve a compulsory takeover of the remaining private investor's holdings.

This is not all though. There had been a complaint to the Exchange many months ago, suggesting that there was several or even many undeclared share transactions by notifiable parties. Given this fact, the AIM was acutely aware that the any failure to declare by the 1 billion share placees could raise the matter of undeclared transactions once again.

Amities . Never was convinced by the calibre or validity of the board . Both Chairman and CEO were pure novices . The project was doomed before it started . . The only place this utter piece of Aussie tomfoolery is going is from suspension into temporary administration ; and for the sake of shareholders, i hope that occurs sooner rather than later . Now that need not be a bad thing. With bankruptcy protection, & the immediate introduction to the board of a administrator and a top mining specialist/ engineer , something may be salvaged from this utter sorry story. At least s/holders will know the true state of the company ..lf 5m is indeed raiseable then a legitimate placing could be arranged .l doubt the money is anything more than Shanes imagination . But when an illigitimate, illegal placing of 1 bn shares of no value has been attempted by the board one can but rue and ponder > What else is left ? <.. ,

Anomalous..technically incorrect..it was still possibly your doing.
Considering you are not even a shareholder, you have a strange obsession with this.
I hope you are happy. If EPD shares go down the tubes, as I quite expect they will, I will try to behave with more dignity than you...that won't be difficult..

From ADVFN...Fugu
Well, fwiw...

Somewhat hacked off with the lack of news from this end, I thought I might try to speak to Senator Johnson, and after a bit of detective work, found a number that was answered by the man himself. I cannot say he had anything startling to reveal (I'm sure he wouldn't have anyway), but the conversation did reassure me that the negative spin bandied about recently was unwarranted. The important points he made were:

The suspension WAS at the companies request due to being in "very late stage negotiations" on the reverse t/o and NOT because of some poisonous troublemaker OR the split with Daniels Stewart.

He seemed a little suprised that the owner of the 1b shares was not public knowledge.

The split with DS was due to disagreements about the way the t/o was being handled. Their resignation was no suprise and they are "well on our way" to appointing a new NOMAD.

I asked why alluvial mining had ceased on C9 - he said it had not. When I questioned the RNS to that effect he told me "There is a thin line between exploration and mining." Yes, you CAN hear a smile on the 'phone...

He confirmed he had not been to Angola on the trip with Shane.

He confirmed NML do not trade on any other exchange.

He stated that he still believes the company's actions to be in the best interests of the shareholders (sounded quite offended I would suggest otherwise!)

I asked if there was anything he'd said he would rather not have appear on a public bb - "No, I haven't said anything I shouldn't"

Overall impression - relaxed, open, confident. OK, I'm not forgetting he IS a politician...

another post from ADVFN..
as a recent investor based on a broker's recommendation I got the following story about the suspension. NML wanted to take over Kassia who own kimberlite licences in Angola. Because of the respective valuations NML issued the billion shares to avoid it being a reverse takeover under aim rules. NML severed links with Daniel Stewart, who did not agree with this policy, saying DS were going to start a resource sector 9 months ago which has not happened. NML will choose a new NOMAD within 10 days. The takeover is going ahead and NML have been taking to a large miner whose name is similar to a MUFC centreback about financing exploration. the broker told me not to worry.

Any MUFC surpporters on this thread ?

On a mere note of levity and furthering your footie similie .Are you sure the large miner to whom NML have been in negotiations does not more suitably rhyme with the name of of ex Liverpool and England centre back . Mark Wright . .? Or even ex Liverpool and England midfielder-Jamie Redknapp @+.. ..So you reckon Rio are taking an interest/ takeover ?.. lnteresting , l agree but why would RIO need NML ?

Is Rio a centreback ?

l believe so Roly. @+ ..Do you still hold mon ami ??. ..i was under the impression RIO were more interested in Petra . But who knows anymore. ? ln addition RIO have thier own sites now

Jamie,

I think AFD is a better short term buy then FDI, waiting for one of they 70+ spikes to sell, regards NML i sold them months ago.