LEEWINK
- 28 Mar 2004 15:45
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
- 06 Feb 2006 17:24
- 1881 of 1909
At the terrrible risk of being accused of having something positive to say....it is not over yet. Extension...
Andy
- 06 Feb 2006 22:39
- 1882 of 1909
takahe,
Has that been confirmed officially?
stockdog
- 06 Feb 2006 23:45
- 1883 of 1909
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
takahe
- 07 Feb 2006 08:24
- 1884 of 1909
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...
Andy
- 07 Feb 2006 09:49
- 1885 of 1909
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.
takahe
- 07 Feb 2006 10:33
- 1886 of 1909
LOL...Anom has been on to the AIM authorities to tell them they are wrong about the dates! (or so he says on ADVFN)
Andy
- 07 Feb 2006 14:38
- 1887 of 1909
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
takahe
- 07 Feb 2006 17:00
- 1888 of 1909
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..
stockdog
- 07 Feb 2006 18:41
- 1889 of 1909
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!)
takahe
- 08 Feb 2006 13:39
- 1890 of 1909
Healy is in J'burg, in transit to Angola..
takahe
- 09 Feb 2006 16:36
- 1891 of 1909
New Millennium Res Cancellation of AIM Listing,
RNS Number:2004Y
New Millennium Resources Ltd
09 February 2006
New Millennium Resources Limited (the "Company")
o Cancellation of AIM Listing
o Advanced Negotiations to Acquire Three Kimberlite areas in Angola
o Proposes to list on Ofex
Pursuant to Rule 34 of the AIM Rules, the London Stock Exchange will cancel the
Company's admission to AIM with effect from 7.00am on Friday 10 February 2006.
The Directors of the Company are exploring a number of options to protect the
Company's shareholders' interests. It is envisaged that in the short to medium
term the Company will seek a listing on an appropriate market, in particular the
Board is considering Ofex. In the management's view, Ofex could provide an
appropriate framework within which the Company can operate successfully and
economically.
The Company is pleased to confirm that it is in advanced stages of negotiations
to acquire up to three kimberlite bearing concession areas in the diamond rich
Lunda Sul region of Angola.
The concession areas lie within a 50 mile radius of the Saurimo region which
currently accounts for some 75% of diamond production in Angola. Within this
area is situated Catoca, the third largest diamond mine in the world as well as
the Company's existing concession at Rio Lapi and also includes Petra Diamonds
and Xceldiam amongst others.
In the Company's opinion, the three Lunda Sul licenses represent a significantly
better opportunity than the licenses available through Kassai, not the least of
which is proximity to the Company's Rio Lapi C9 concession where the Company's
substantial, wholly owned, diamond mining plant is located. Consequently, the
Company has withdrawn from further negotiations with Kassai.
Shane Healy, managing director of New Millennium Resources Limited, commented:
"We are extremely excited by the new opportunities that have emerged
and believe it is in the Company's best interest to pursue these over
Kassai. We likewise believe it is a prudent time to formalize the
business's acquisition targets and to restructure the business
accordingly prior to re-listing the Company on a junior public market."
In the management's view, Ofex provides the most appropriate framework for the
Company to operate within.
Shane Healy added:
"We would like to thank shareholders for their continued support and to
confirm that any further fund raising will be offered to existing
shareholders through a rights issue in recognition of their ongoing
loyalty."
Mr. Healy is in Angola at present finalizing negotiations for the new
acquisitions mentioned. The Company anticipates updating shareholders on
developments within the business -including the expansion of the board to
include an experienced geologist and senior mining executive - within the
next four weeks.
Shane M. Healy
Managing Director
New Millennium Resources Limited +44 (0)7768 631286
shealy@new-millennium.com.au
This information is provided by RNS
The company news service from the London Stock Exchange
END
Andy
- 09 Feb 2006 16:40
- 1892 of 1909
Well no more than expected really,
Back to exploration and delisted tomorrow.
stockdog
- 09 Feb 2006 17:29
- 1893 of 1909
At least that saves a decision - whether to leave my money in or not! lol
I've always said that 3 kimberlites (de-listed) were better than one alluvial (listed).
We shall see. Is Ofex freely tradeable on line or do you need to go through specialist brokers or is it matched bargains only? Advice welcome. Thanks.
sd
TheFrenchConnection
- 09 Feb 2006 19:21
- 1894 of 1909
Amities . ALORS !!!! Slt .You lot still here then ? huh ? .l cant believe it !! ....Try ex Bristol based ex Ofex specialists-Wills and Co. Whilst they use Pershing Securities as thier clearing house and trade AIM and fully listed equities, thier own historical specialist field is small/ microcaps.Traded virtually exclusively OFEX stock for donkeys years as "G Willis ...,,-Many contacts in that indices .,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, Whilst it can be true OFEX with its lack of illiquidity is sometimes matched bargains only, the vast the majority do have a spread like AIM stock . Wills are about the best guys into smallcaps and will at least give an opinion ..,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,The fat lady has not only stopped singing; she left the building about 2 years ago ...........About the same time i got sledged beyond reason for saying this company was nothing more than a sham perpetated by a bunch of RETARDS -none of whom had an inkling about mining !!! ....No offence intened; and hope non is taken ...But diamond collars indeed !! ? Bowing to peoples feet ...lol ,,Seems so ironic now . .The ramping was a disgrace. PUMP and DUMP first class . .....l nearly got involved in wasting valuable time involved in verbal abuse to some on this thread due to some of the snidey personal insults i got for what turned out to be right all along ,,,, ,,,,,But then along came ANON and saved me the hassle . ..Admistrators are looming ..... ...Good on you Anon .!! .Credit whre it is due ...@+ J
stockdog
- 09 Feb 2006 22:36
- 1895 of 1909
TFC - tell me, what's the French word for "helpful"?
sd
share trader
- 09 Feb 2006 23:16
- 1896 of 1909
what an absolute disaster!!
And some people apparently see this as good news!!!!!!
not sure ofex will accept them either,they are more regulated than people think!
people are now holding shares in a private company, what a shame, this could be seen coming from early last year....a sad day for shareholders,another company mining shareholders rather than diamonds
yet another example of why bb fan clubs are dangerous places, they lack objectivity and lose their focus to the bleedin obvious...
hard luck any holders here..
TheFrenchConnection
- 10 Feb 2006 00:37
- 1897 of 1909
Amities SD ,,,,.Helpful in French ? - serviable ou aide/r ,,when applied a to person. utile if applied to a tool//implement which makes less difficult the doing of an act . .....lncidentally SD ,l wasnt having a joke at your expense about the "diamond collars" but rather at Dynamite who was so emphatic & dogmatic she was right that we would all be kissing her feet when diamonds were found .............................l know you and Eric would seriously relish that prospect alone ,lol so the less said the better. So would Bos if he was given the chance ,,,lol But speaking personally i wasnt impressed ...@+ J..... ..ln many cases that it what is wrong with BBs ,,,A core of people always form the consensus of opinion and to diverge from "their" path is much maligned. Like those loons -PMasterson loon on SEO and Blinger on both SEO and VOG...These zealouts are a wretched liability.. Yet plenty of people fell for both these charlatans nonsense. ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.l dont think many people realise how powerful a forum this BB could be if only everyone would simply play from the same music sheet......Like an orchestra as opposed to pissed up, free form ,modern jazz jam session ...........NML ? Put in in a drawer . Never say never i guess . Sincere commiserations to those who quite undesrvedly lost ANY money on this stock . Much of the fault cannot lay at their door as you can only collate data in such a young company from the horses mouth ,,,, and unfortunately the horses turned out to be asses .............A/b @+ J ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,PS l dont know ANYONE called Jenny ,,,,,,,,,,,,,lol ,,,,,,,soz-private joke .... A big "mwuh" to you ...grosses bises
Andy
- 12 Feb 2006 21:36
- 1898 of 1909
From today's Sunday Times.
Business
The Sunday Times February 12, 2006
Prufrock: EDITED BY LOUISE ARMITSTEAD
NEW MILLENNIUM, the 6m diamond-mining firm, was finally delisted on Friday. It has lurched from complaints in 2004 that were made to AIM after shareholders were suspected of silently dumping stock, to death threats made to the management because it was thought they were withholding information. Now no adviser will represent it. How strange.
Andy
- 14 Feb 2006 22:57
- 1899 of 1909
TFC,
It has been mentioned across the road that the 5 million placing went to FSW Europe, and Pacific.
THIS HAS NOT YET BEEN CONFIRMED!
If this does turn out to be accurate, I would see this as a huge negative, as their clients may wish to sell straight away if NML manage to relist anywhere, IMO.
One can ony imagine how a person would feel to buy the stock, only for it to be immediately suspended, then delisted!
As I say, this is not confirmed yet, but if this turns out to be true, I understand the reason they have not informed their shareholders who bought the one billion placing shares.
Andy
- 19 Feb 2006 00:41
- 1900 of 1909
TFC,
It would appear that the rumour that FSW and Pacific took the 5 million placing are true!
At least that appears to be the consensus on other BB's.
And the customers of those brokers must be seething after buying, then within days seeing the stock suspended, and now delisted!
NML is now a private company, and will remain so until they manage to list on an exchange somewhere.