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 ??

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??

takahe,

Well I see you are still here defending the good? (lol!!) name of NML

You are the caped crusader of the boards, defending the faith to your last breath, even when those around you have floundered in their belief in NML.


sadly you seem to be taking this all very personally now, and your posts on advfn yesterday were ridiculous in the extreme, i suggest you take a break from the bb for a day or two, it is clearly getting to you.

you knew nml was high risk when you invested, so no need to attack everyone that is negative, you made the decision to invest, not the people you are now personally attacking.

Please reflect on your current behaviour!!!!

aimtrader...I thought that was just your email name...(****). You are not very good at disguising yourself.
'Please reflect on your current behaviour!!!! '...what a joke!

I don't take it personally. It seems that certain people, like your friend Wendy, can say anything they like..without quoting a source..but I can't post information from the LSE which I went to some trouble to obtain. I always quote a source where remotely possible. As for 'attacking everyone who is negative' ..that is nonsense. It is ,however, absolutely the case that I don't like liars, cheats and people who hide behind different names to push their point of view and to disseminate false information!
I am well aware of the high risk of MOST aim stocks. You probably choose the odd bad one yourself...TDM perhaps..
What I find sad is that people who should know better have perpetuated the impression that NML will just go to the wall if they are delisted. Is it odd to post information FROM THE LSE, to the contrary? That is not defending the Company at all...that is just a statement of fact, as opposed to some of the mis-information that is posted here.
Please reflect on your own current behaviour. It is VERY obvious what you are up to... I am just trying to be helpful!!!
It is misleading and inaccurate to give the impression that NML will just disappear..
I would say that your post is much more revealing than mine...lol!!!
Good luck, any holders on here. It has been an unpleasant experience...but unless, I have missed something along the way....I don't see an RNS that NML has gone to the wall...YET! I don't dispute that it could happen!

Off to have a look at the ones that are performing better than this!

takahe
We don't need an RNS - we can see the wall! It's just a question of how hard we'll hit it (or may be we already have) as to whether there is anything to be salvaged from the wreck. NML may not be dead, but it's probably wise to make sure the priest is not planning a trip abroad.
sd

Well the way I am looking at NML is that I have lost everything and if anything comes out of the hat I will be happy. Luckily other stocks have more than made up for this loss. I basically put NML down to experience and hope that something maybe salvaged yet.
Di

Stockdog,

"but it's probably wise to make sure the priest is not planning a trip abroad"

LOL!


Dynamite,

Best way to look at it IMO, anything now is a bonus, and I am more optimistic than most that NML will survive in one shape or form, probably as Anom suggests, with a news name, and maybe on a different exchange.

If the reverse takeover occurs on AIM, then NML will be replaced by Kassai, presumably, and the old regime will be forgotten by some, and then it begins again from the exploration stage.

Di, hi there - hope you're well. Not heard much from you in a while.

I agree - NML is down at zero value in my books, but you never know what might come of it. As you say there are others that make up for it, but I still don't have your killer instinct for when to sell. My new year resolution is to be better at exit strategies. Was it John Templeton who said he'd made a fortune by selling too early!

sd

Hi SD,

Hmmm my 'killer instincts of when to sell didn't work on NML did they? Being too greedy as this always was a stock that could have made a fortune or lost me everything in NML.....at the mo it ain't looking like making me a fortune. Maybe we should have all gone out for that dinner and got drunk...it would have been more fun.
I have still been here...but what has there been to say except aaaaaaaaaaarg and sorry for telling you about this stock SD...still I think you have GFM and KMR hopefully they make up for it.

Andy anything at all will be a bonus...even a dinner out of NML at this stage.
Di

Dynamite,

Well maybe one day we should all meet up for an NML dinner?

I think GFM and KMR look strong, certainly stocks to hold at current levels IMO, KMR should increase as production nears, but nothing's a certainty in this game.

At the terrrible risk of being accused of having something positive to say....it is not over yet. Extension...

takahe,

Has that been confirmed officially?

True Di, you did mention NML to me, but no regrets, it was my decision. Alos KMR doing well with further to go according to RHPS who's targeting 75p - not unlikley when they start production this October. Never went for GFM, so no comment ont hat one.

When SH turns into a fat lady and sings, it will be over - until then we no nothing, takahe. What extension, reported where?

sd

stockdog..it is not reported, because they can't report just now (see the post from Fugu that I put here). I had it confirmed from the LSE AIM team...Mr. Philip Caine..and from NML's PR dept..lol..
It is not a long extension...

takahe,

3 days?

OFEX looks their only option if they fail with a new NOMAD.

The problem with OFEX is it's an illiquid market, and selling can be hard, as they plunge the prices down if selling occurs.

I only buy OFEX stocks that are due to list on AIM for that reason.

LOL...Anom has been on to the AIM authorities to tell them they are wrong about the dates! (or so he says on ADVFN)

takahe,

Well the rules seem less than certain IMO, with varuiousd rumours now circulating.

We will have to see, was 3 days confirmed to you, or just another rumour?

I

it was confirmed to me...again, just now.
I have no idea whether they will sort themselves out..just that they have a few days extra.
What I would like to know is...what the heck do their advisers do? They are supposed to kep everything right in regulatory terms..

That's the problem - the advisors resigned. In my experience, however difficult a client may be, advisors try to hang on and only eventually resign when clients repeatedly ignore their advice often to the advisor's perceived possible detriment, or if large fees remain unpaid.

In the end an advisor is only as good as their brief. I don't see the advisors in question resigning or being fired in droves from/by their other clients. So I assume the problem is with the specific client, not the advisor. Which leaves me unsurprised they cannot find a replacement advisor.

qed (in translation - which was a dog!)