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 ??

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

Hiya Eric..After buying more NML I am now overweight on it but it is a gamble worth taking I feel. Over on the other side they are just waiting like we are; they are speculating on news but nothing more. If you look at the 1yr chart there has been some spectacular spikes after news.News that mining has commenced could easily double the price of NML and once they begin and are digging diamonds successfully 5 times your money will be reached very quick. It's just a waiting game until then. tic tock tic tock!
Sorry about your wife Eric I hope she gets better soon. No I am not a James Redford fan and I have only heard of Robert Redford and I wouldn't sleep with him for a million pounds!
Eric you need cheaper children or you will have nothing left in retirement.
Di

Eric,

It must have been St Richards hospital,Chichester. Very good hospital.

Thanks for the posts, Di and Aldwick, which I see were last Friday. Am supposedly retired, Di, though, if the taxman isn't watching, make a nice bit on the side with this trading lark! Excellent hospital, St Richard's; if all our hospitals were of that standard, and the care and housekeeping of the same quality, the NHS problems would soon diminish. Mind, one thing I wasn't warned about was that, if you leave your car in an isolated part of the South Downs, it will be broken into - lost a wallet (stupid boy leaving it there) and mobile whilst walking the dog. The good thing is that I found out that an attempt had been made within an hour or so to use a card at Morrison's at Horndene, Hants. The police reckoned it to be a good lead as there may be CCTV footage - evidently a popular crime to get drug money.

Do we know how the weather is in Angola? Tried to get the NML website but can't access it.

Eric

Eric,

Try these links, still quite a bit of precipitation around it seems.


http://www.wunderground.com/cgi-bin/findweather/getForecast?query=saurimo

http://www.weather-forecast.com/locations/Saurimo.forecast.shtml

So, it looks like Saturday morning for a bit of a dig then, Andy. Plenty of sun cream and bring a hat.

SD

stockdog,

lol!

Suncream and wellies look to be the order of the day in Saurimo, but there have been some clear days recently, so I presume progress is being made, despite the silence form NML.

I see on the 'other side' that Shane Healy will be in London next week, so maybe some news will be forthcoming?

Andy: thanks for that. By the way, if you put the address in the link and press insert website link, we can go directly to it.

Is it wise for Shane Healy to visit the city? After all, he is an Aussie earth-mover! Is he related, I wonder, to the wicket-keeper; mind, he had a safe pair of hands and could crack a few sixes. I think the chairman is a Judge and he could fair better.

Eric

Eric,

Ok thanks, have done.

http://www.wunderground.com/cgi-bin/findweather/getForecast?query=saurimo

http://www.weather-forecast.com/locations/Saurimo.forecast.shtml

Thanks, Andy. Seems to have been heavy rain in most areas with thunderstorms to come! Which town is Rio Lapi nearest to? Do we know how critical the rains are in relation to the use of their earth-moving equipment?

Eric

There was a fascinating programme on TV recently - one of the cable doco channels about heavy mining earth-moving equipment (yes, I know sad life, but at keast it didn't rhyme).

I imagine the rainy season causes a fine slurry to form in which these machines just can't function, let alone the megaton dumper trucks ferrying ore from cutting face to plant.

It is a concern which we need to watch.

SD

Eric,

I use Suarimo as the refernece point, which is around 30 miles away I believe, so the weather may vary a little from the forecast that we can see, although the company have yet to confirm mining has coimmenced, so I imagine the weather has not abated yet.

Shane Healy (FD) is in London this week, so maybe news later this week?

I still think they will raise more money, via loan or placing.