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 ??

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

hi stockdog...I have posted what I can. ie. at the moment, all I know is that GM says they have a new broker. Why should I NOT believe that?
I quote from an email 'Shane is due back in the country on Friday but will be out of action until Monday. In the meantime everything with regard to new broker and getting the shares un-suspended, I believe, is all going to plan. '
I am not biased ...just redressing what Anom says which is NOT true, unless the chairman of the company is lying. I know Fugu who phoned Healy and Johnston and I don't think it is too biased to believe them, rather than Anomalous.They asked for the suspension. I agree that the way they have behaved has been bizarre. We are all waiting for information.
I have a diverse portfolio,too and my trading is quite successful. These have certainly been a longer haul than I imagined when I bought them.
In future, I will not bother to post anything on here. Believe Anom if you want.We'll soon see who is correct.

takahe

You seem to have an unhealthy obsession with what anom posts.

stockdog is correct in his assertions above, and if you think the company has not lied to it's shareholders, fine, that's your perogative. Quite a few others seem to think otherwise, and that's their right too.

it does seem that anom and the other bears have in fact called this one correctly for some time now, and to have held a share such as nml as the price has fallen suggests a lack of a proper trading strategy in my view..

I think your fixation with anom stems from him calling it right

there are only two rules for investing,

rule 1, don't lose money,

rule 2, see rule 1! (Warren Buffet)

good luck with nml, I fear you are going to need it, but WDIK?

share trader...only because I have seen him at work with AFD with the same sort of spin. I post what I am told by the company people....I don't invent scenarios of my own. I currently hold 12 shares, most of which are doing just fine.
The bears HAVE been correct so far, in respect of the share price...but I object to people posting false information.

If NML don't find a new NOMAD by today or Momnday, then they will be de-listed.

Anyone know anything? Well, there'll be an RNS one way of another I guess.

sd

Stockdog,

Well there hasn't been one today, so it must be Monday!

On another BB they are now saying Shane is at the LSE requesting an extention, so if that is granted, (which I expect it will be), they will have more time, so even longer for the shareholders to wait, IMO.

I had a ring just now from Philip Cain (Kane?) at the LSE in answer to my enquiry this morning. He said that the standard procedure is that a company has a month to get a new adviser and admission to trading is cancelled after that if a new adviser is not found. HOWEVER, he did say that there is some leeway (he did comment that the rule is a bit harsh) and that if a company come to the LSE with a genuine case for some extension, and a genuine desire to stay on AIM , it can be granted an extension, particularly if they do have an interested broker looking at DD for them. Even if they ARE delisted, they can be re-admitted to AIM again, as long as they make their case. They could also go to another market like OFEX.
I hope that helps.

takahe,

Well the optimism from the Fugu conversation with the senator seems to have changed somewhat, and, as expected, it is going down to the wire!

Now we have Healy in the LSE pleading for more time, if these reports are true of course.

Let's hope he succeeds!

For any interested shareholders remaining: from Fugu...
had a long conversation with the Nomad section of my broker yesterday, and though he was a bit cagey about talking specific cases, he gave some pretty detailed generalities. He felt whatever the provocation, DS resigning without due notice was wrong, as it would be very difficult for NML to find a new Nomad, negotiate terms and have DD done within 30 days, espescially in light of the Kassai deal/ share issue.

He felt that SH was justified in seeking an extension and that it would probably be granted, but was not sure if any extra time would be long enough to complete DD. He also confirmed a problem I had suspected, that NML cannot issue ANY statement until the new Nomad is in place - so the only way we will know if Shane has his extension will be if the listing is still there Wednesday morning! And we won't know for how long...talk about Catch-22...

He was said he had heard of several companies being approached; thought more that one was doing DD; refused to say if his company had been approached or not - muttered something about Chinese walls...

More reassurring was the options he gave should NML delist. I had assumed that delisting was sayonara to my investment, but not necessarily. They could relist on finding a new Nomad, apply to Ofex, go to another exchange altogether (maybe ASX) or arrange a share-only merger with another listed company.

"Rabbit from a hat" may be a good analogy, but we're not dead quite yet.

Takahe,

Sad to day that that was just a general conversation with an unrelated broker, not the same as the actual broker that MAY be doing DD on NML, IMO.

These things are easily said when there is no involvement, just like the liberals can make grand promises because they know they won't be elected.

Of course NML can apply to any exchange for a listing, and OFEX may be more suited, as pobably would the TSXV (IMHO) or even the ASX, which is where NML is based afterall!

Next week could well be interesting!

takahe,

you only see one side, you believe everything the company and their associates tell you, despite holding throughout what has turned out to be a total fiasco, with massive loss of shareholder value, yet you abuse those posters that called it correctly!!!

Who let you down, the company, or the bb bears??