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 ??

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.

TFC..I know that Rio Tinto had expressed an interest in the licences that NML already hold .NML have been trying to get a deal with a major for a while.
It is only a possibility..
From what Senator Johnston said to Fugu , there should be some news today...what, I don't know...but I like to think that the nice people here (!) would want to know something might be happening.

Good man Roly . ln conclusion all i will add is that while i quite sincerely wish Takahe and all holders in NML the very best of luck it cannot be denied that the saga of NML has proven thus far quite dupicitous and have stumbled from one chrisis to another . RE-Takeover -. My take being that RIO will wait until NML are in a fiscally untennable position; and then purchase the licenses at a discount . @+ J ...But one never knows . They may prove to be a dog that barks . But at what ? The moon ,,,,,, All the very best @+ J

Thank you, TFC..it has certainly been a saga.
We shall await the next chapter.....

from Rebtif...
'Pacific Continental tried to sell me this share before Xmas but had not funds. They called today to say a new broker is being appointed next week - a bigger outfit and the other reason for suspension is their takeover activity and tehy believe it will be relisted within a week.'

from Fugu
20 Jan'06 - 13:44 - 4412 of 4418


Evening all -

Have spoken to both Senator Johnson and SH this evening, and have managed to clarify a few points. Firstly, the suspension - this WAS at NML's request, athough it did follow the Nomad's advice to do so while the regulatory - NOT financial - problem (is it/is'nt it a reverse t/o under AIM rules) was sorted. Some two hours after the suspension, the Nomad resigned (pretty much as Shane described in Growth Company Investor) leaving him with the problem of finding another Nomad before anything else could be resolved. On this issue, and I quote with his permission, "I am 100% confident that I will be announcing a new nomad on or before 6th February" He expects the suspension to be lifted immediately after, and the name(s) of our new 80% shareholder(s) shortly after that. He did not want to commit to a timescale for the Kassai deal, but thought 3 months should be the maximum.

C9 is not dead; both alluvial and kimberlite mining are still possible there in the medium term. The move to the kimberlite was not, in SH's opinion, a gamble but a necessity. All I can say on this is that I accept his explanation, so please do not ask further.

I don't think we can expect anything exciting from the AGM (this is entirely my opinion, not something I was told), but nor do I think we are dead in the water. I am still hopeful of seeing a profit on my investment one day - but maybe not before April!

Takahe's gullibility gives new limits to the saying - "to be taken in".

I've been reading the posts on the ADVFN threads and others and it is quite clear (to me) that the bad information that Shane does not want to release IMO, is that they did lose the C9 license when they upset Endiama.

My interpretation of the Senator's statement (and as a politician, he is using spin) is that he did not go to Angola as was previously stated (and planned) by Shane, because there was no point. C9 had gone and the only hope for NML was to get the reversal into Kassai.

This would then allow them to consolidate the shares - dilute out the existing PI shareholders and leave the directors as the only main beneficiaries. Then the 'mystery' seller(s) could then drip feed the billion placing shares (now 10m or 1m or thereabouts) into the market to collect a premium. These shares would be worth 80 to 90p (or therebaouts) and would be able to take more dilutions at 50p, to enhance the 'mystery' seller(s) ability to extract the premium from gullible Private Investors.

All this talk of RTZ is rubbish. It is mere speculation by the desperate PIs. I was informed that all 4 majors turned down NML over C9. None of them wanted anything to do with them, because of their lack of track record and poor management of the project. Like Wendy, they identified that the company was being used as a vehicle to extract profit from the Private Investor and not mine it from the ground. NML had the perfect opportunity to make a fortune from the alluvials, but they were far too greedy. They decided to ignore the basics, to establish your reputation by bringing in the value project to prove that they had what it takes and instead they gambled all on the main chance and lost.

Wendy has accepted that the truth is that this company did not have the people with the skills needed to achieve the goal. They were quite happy to make all the right noises, but not able to carry them off.

Both Andy and myself identified this last year. For Andy it was meeting the people and not believing them capable of the task. For me it was when they lied to me over the phone, followed by the AFX before the meeting. We've been warning people ever since to try and help them get their money back with as little loss as possible.

There was a time that it seemed that I would be proved wrong, that the company might just be about to generate the revenue - after they made the mine start announcement. But sadly, it appears that they were misleading the market and doing something else.

Now they would have you believe - without actually saying it, that they have an agreement with RTZ to develop any of the kimberlites they discover near Huambo. If this area had been so good, then RTZ or any of the majors would have dived into bed with the license holders years ago. The only 'mines' that they are likely to develop are the anti-personnel variety. The sort that blows up.

I agree with ianwc, that it would take more than a miracle for them to find a Nomad before 6 February. The majority of Nomads are now well aware of the 'baggage' that NML will bring. Sure the company might have a new identity as Kassai and be able to find and fool a whole new load of shareholders, but the fact is that there are people out there, who will remember what they were called and keep informing any potential new investors what they are getting themselves into.

Let's face it, this company has as much chance of staying listed on the AIM market, as I have of becoming the next CEO of De Beers!

If you want to make a fool of yourself by accepting the tripe that they are feeding you, then you have only yourself to blame for enticing others (including your family) to invest in a dog such as NML and then lose nearly everything. And don't give that 'outrage' at bringing your family into the discussion, because you were only too willing to mention that you had purchased shares for them and even that the family were starting to question why their investment had not paid off by now.

So sad, because if you had been willing to listen to an alternative opinion, you could have come away with a valuable lesson learnt and at least some money. Instead, you are dedicated to the last, willing to believe anything they tell you, so long as they can promise you there is profit at the end of it.

I haven't logged on here for a while. I see Anom is still trying to make out that he knows what is happening about NML. Well, unless he has 'insider information' as per 'All this talk of RTZ is rubbish. It is mere speculation by the desperate PIs. I was informed that all 4 majors turned down NML over C9' ....which sounds like nonsense to me...then he is just giving out with his usual rubbish. With regard to C9 Senator Johnston and Shane Healy both assured Fugu that C9 was still on the agenda , so who Anom thinks he is kidding, I don't know. He should be shot for his misinformation to the AFD shareholders for all the negative misinformation he has produced there over the last few months. I notice someone on that thread who is very irate at his attempts to put people off AFD ..and he is still doing it, even with the share moving on to 80p! What is his motive...who knows?
Hopefully since he considers there is no chance of NML relisting, he might go away when it does. Anom is a sour, sour person who must be right. I notice him pathetically trying to use Wendy and Ianwc to agree with him. If I told you the holding Ianwc has in NML, Anom, you'd be very surprised...much more than mine.
On a positive note, Healy is back to his desk tomorrow, having arrived back in London on Friday after the AGM last Monday. I understand from the PR people that the new broker is found and the shares will be unsuspended soon. The new broker has had to do due diligence on the Kassai business etc. I don't know when there will be news of that , but the shares have to relist by Feb 6th.
NML changed to Daniel Stewart because they were new and they thought that they would be 'hungry' and do a good job for them. It would seem that they have not. I am not , obviously, allowed to know who the new broker is..but it is someone in London, not Outer Mongolia!
Anom seems to think I am very gullible...I'm not...I am one of the most suspicious people on earth and I am very suspicious of his motives here. I am shocked, I may say, at his blatant lies. As for my family holdings in NML, I don't think anyone here is probably interested and it is completely irrelevant.
You may imply that the Company are lying to me, Anom...but you sure as hell are lying to the people here...and you have been over various issues. You should be ashamed of yourself but I don't think you have normal feelings. All part of the same syndrome...

Takahe - all very interesting for those invested in Anom - but we're not, we're invested in NML and your post contains scant reference to any tangible news on this company.

Until they relist or do not relist, I have marked their value down to zero in my portfolio. Whatever may be said about them, the results are not what one expects from a properly run company, no matter what extenuating circumstances may prevail - the proof is there for all to see - miserable SP and now suspended. When did that ever indicate a company worth investing in.

I'm not complaining - it's part of the game, and I have not lost too much being well diversified, but you are becoming a little biased in your repeated assertions that Anom's negative news is not proven. You have no more positive news than Anom has negative news. But in a decidedly leaky market information system where I do not happen to be standing under one of the drips, I have to go on what the SP and RNS tell me - on the laws of proability, NML are rubbish for now. That's not a statement of fact, it's a statement of judgement - right or wrong that's the basis on which I am making decisions in my life as regards NML until some certain new information changes it.

sd