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 ??

I can get a quote on line for 15000 at 5.44 below mid price on Self Trade - why the exagerated spread 4.75 - 6.25?

Couldn't get quote for 50000.

SD

SD I'm with Selftrade too but although I could get a quote they couldn't fill it. I had to ring to get it filled bought 20000 at 5.5p...I've a feeling this could be a bargain shortly. I already have some at 5p

The market makers are only selling a few shares each so any order has to be made up from the different MM's.
Di

Nobodys answered my post so am posting it again.

What would the price of NML have to be for it to have a market cap of 10 mill, as IGindex now deal in 10 mill companys if you phone them, it could get a lot more volume and maybe a smaller spread if investers could trade them with bets and cfd's.

aldwickk
153m shares in issue.
Therfore 6.535p for 10m market cap.

FP,

Thank you, cheers.

Amities/ Without wishing to sound offensive its difficult to even be remotely kind about this stock: or comprehend ones conviction as to its merits which led them to initially buy it . Considering the farcical contraversy last year in which the AGM had to be relocated following menacing threats to its Finance director in which the FBI were involved, im surprised Aldwick at your rather cavalier style of investment..Far be it for me to suggest the company is no more than a finacial conduit to the backpocket of the directors. For i am sure they are honourable men .Are they not.? But in NML i see a rapidly unfurling saga of unforessen delays and rapidly dwindling monies; and ultimate bankruptcy. .This time last year i was assured by management at one of thier presentations they would be in production by now .And profitable not long after. All twaddle.Almost fell asleep listening.The most unfair thing was that River diamonds came in the same day and really bored us all mindless. Unlike the FDI business model which i personally regard as the best mining outfit on AIM and whom use sale of industrial alluvial diamonds with which to finance their high cost /high returns exploration ,NML have dived right in ,and in my opinion rely now purely on luck .l think thier statement of diamonds a metere below ground was enough for me !!! Duuuuh i wonder how AAL via DE Beers or BHP , or RIO missed that. Albeit thre are some real genuine smallcap mining gems listed on AIM such as FDI , ZOX, AFE,KMR and GFM and even microcaps like MANA and GIP ,AIM is rapidly becoming becoming a dustbin for mining companies such as this genuine grade 1 piece of utter nonsense.lt is areal stinker !.Like Caligula declaring war on Neptune to rob him of sea shells. And everything about this outfit reads like "Now once upon a time,,,,,,,,= storyline like something from the "magic roundabout" ( thats French too ) .. ...Belive me; At best- you will be sitting here this time next year looking at the same spread as i this time last year ago when i began tracking them : and thats about as good as it gets.. The spread is ALWAYS exxagerated. lts called a "lock in" spread .And there is NEVER relaxation, or give,in the spread.lt is rigid in its application . . lf mms have changed policy it is new to me . MMS do little to make a market .Once your in -YOUR in for good, The business model is utterly flawed; it is a seriously ill planned and ill equipped venture, underfinanced and without exccessible towns/ villages to provide available labour . And what of spare parts ? . And what of infrastructure such as roads which to lug mining equipment hundreds of miles into the interiior of a country which spent decades locked in civil war and still reknowned for political volatility.To my mind quite deserving of the acollade as being second only to the Congo in the madness that is the vast part of this continenet called Africa.Not a place you would find me holidaying.-lnfrastructure >?? well beyond the coffers of NML. ln addition now their j/v with TYM has been terminated my interest in NML was complete , i am totally clueless as why anyone would want to hold this stock . A more underirable self serving board one could possibbly have the misfortune to have serve thier interests; and i prefer watching paint dry ,,,,a'bientot, faires attention, bien amicalement.Amusez-vous bien et bonne chance tojours. ...tchin -tchin...@+ J

Well I think that told em, "tfc". You will all have to go to http://www.ultrasis.co.uk (ULT) for a bit of stress treatment after that.

TFC...I had respect for your posts but not after this post which is full of crap.

NML is 45Km of Saurimo which has daily flights to the capital of Angola. NML's mining area C9 is down stream of Catoa diamond mine. They manage to produce 3 million carats of rough diamonds a year and account for 65 percent of the Southern African country's production. Funny how Catoa diamond mine manage to get parts and labour and mine diamonds in this area that you say is 'without exccessible towns/ villages to provide available labour . And what of spare parts ? . And what of infrastructure such as roads which to lug mining equipment hundreds of miles into the interiior of a country you wouldnt find me holidaying.' Crap TFC...go back to what you are good at.... ramping SEO because you have 500000 shares in it. For some reason you have sour grapes over NML, probably cos' you have lost money on it before. Well we have all done that on a share but we don't spout rubbish about it.
Di

Bravo Di, your research is always very good - and in this case very comforting.

Thanks

Nice art gallery website! thanks for that too.

SD

Thanks SD... Art and Parcel has been very busy today and I even made money trading! A miracle.
Di

Mind you, DI, some pretty scary selling albeit low number of trades today - shorters about at this level? or what? Still ended the day a smidge up after some fairly consistent buying came in.

SD

TFC
What an arse you are.
NML already have a substantial amount of equipement on site which
didn't get there by magic.
Further equipement was transported recently and may also be on site.
DeBeers are trying very hard to get back into Angola, since it is one of the largest diamond producers in the world, after falling out with Endiama many years ago. NML may provide them with an opportunity
via a JV to explore the Kimberlites on their concession.
NML stated previously that they were in discussion with 3 majors to
explore the Kimberlites.
A significant quantity of diamonds have already been found, including
some very large specimens. Angolon diamonds are known to be of very high
quality and usually fetch a much higher price, and green diamonds are not
uncommon in this area.
Also, Hudson Resources are exploring Kimberlites on NML's land in
Greenland, which NML have a 20% stake in.
FP

FP - Crystal clear. Thank you.

SD

The way I look at it NML is a good Speculative share. If I wanted a safe bet I would put my money in the Building Society. However, as I want to make loads of dosh I am putting my money in higher risk but potentially huge gain NML. It is shares like this and SEO, PDX etc that make you money which is why we are all here. Some of these shares like KMR and SEO take patience to get going and then once they start to get good news flow everyone jumps on board and suddenly those that have had nothing good to say are praising it to the stars!!!

Those of us that are brave enough and do the research get in at the great prices like NML at 5p or SEO at 4p ( no one had a good word for it then and look at SEO now).

I hope those that are trying to do down NML will eat their words and kiss my feet in a few months!
Di

Kiss my feet, thats a polite way of puting it, LOL.

Well I am a lady so what do you expect :-)

Hey Di - catching up here as well and finding that sun is shining out of your feet! - making for a bright, golden tomorrow! I do quite like TFC - funny thing, though, that whilst he can do some excellent pitches, he can foul up as badly as he did above. OK, NML have missed their promises which is why the price is as low as it is. But the explanations, e.g. difficulties in importing their equipment, made sense. FDI bb was claiming that a reason for that share being 10 times the cap of NML was their top geologist. Challenged, it was accepted that NML's geolgosits were sound professional guys. I suggest TFC peruses the website before he posts again, which he needs to do to restore his dwindling reputation!

Eric

Thanks Eric..Hey I thought you were going to the traders day on the 8th April: I can't see your name on the list. Are you going to Charlie's wedding instead? Bought some more of these last week...thinking of getting a few more today depending on price. A few of my friends are now overweight (not my cooking) on NML now. We sat discussing this over lunch yesterday the thinking is that we know the diamonds are there. The market cap is ridiculously low and this could easily 5 times our money in a short space of time once mining commences; it is just a game of patience until then.
Di

Again I couldn't buy any shares online with Selftrade. I managed to buy more at 6p exactly so a big increase on a week ago. Because of the NMS being so low my trade will not show up for an hour. Now all I need to do is sit and wait.
:-)

Well done, Di! Glad you are bringing di-sciples on board! lol! Short of funds at the moment with having to fund house deposit for daughter in Thailand but its nice to see the holding in profit. Any news from Angola? Great if the weather holds and they can crack on with pulling the diamonds. Presumably we are counting on delivery on just one promise pulling the city around. cap. of 7.5M is ridiculous against potential and your 5-bagger sounds eminently reasonable. Having to play my di-ary short at the moment whilst Mary recovers from her op. Amazing that we passed Hastings and Eastbourne, crammed full according to news last night, and were near Chichester Hospital when the pains came on - gall bladder out in 3 days against the Eastbourne lady who had waited one year. Give the credit to her daktari (are you a James Redford fan?).

Eric