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 realise that SD same here but I meant that NML will wipe out your 10% portfolio loss once the rain stops...then it will be a BIG grin :-)

Thanks - has this general drop in he market got further to go, or is now a good time to average down on some of my fundamentally sound losers, do you think? e.g. ARX (disappointing finals today - slower sales) CFP, EUM, NML, SVR, VTI.

SD

Difficult to say SD.. I got out of VTI at 29p when it started to drop and just kept HYR. If I had cash spare I would buy more NML except I am overweight and the last lot were at 5.9p :-( .Still if it takes off as I think 5.9p will not matter. I'm kicking myself cos' everytime this holiday dip takes place I mean to keep spare money to take advantage; yet again I don't have any.We had the same last Christmas.If I had the money I would average down on those that have the potential for big rises DYOR etc.
Di

I reckon big grins from dogs are really grimaces! Just checking up on the market during hols. Key point is that the market has been indisctriminate in marking stocks down. As Di says, it would be good to have spare lolly at teh monet to take advantage. But another point is that there is no harm in taking a loss where you have lost confidence in the growth prospects and have more confidence elsewhere. Most surprising thing is to see the lacklustre response to the SEO news so there is a realy major upside potential, although with a relatively high cap. starting point. NML and CFP are such low caps thatfigures confirming positive cash flow in the next year are bound to result in multiple-baggers. Now dogs love those. Jacob, my grandson, has this super book on Kipper which has an important lesson - stick to what you know and love the best! - in his case his basket and smelly blanket!

Eric

Hi eric, how's hols - wish I was on one too!

I've taken the plunge on ARX with a little spare cash I've dug up as the best bet. EUM, NML too speculative still for more from me yet. CFP hasn't actually moved down with the general market - showing its strength but not a buying op.

Thanks for both your advice (my two favourite posters!) In the end you've inspired me to MUMOM. See you all after the Easter break.

:)

SD

SD what's MUMOM????? You can lick my feet when you meet me on Traders Day :-)

make up your own mind what it means!

????

make up your own mind IS what it means! except I'm not you, I'm me.

SD I know that but I don't know what it means am I being thick ??? :-(

In context, once more . . .

"In the end you've inspired me to Make Up My Own Mind"

It's got nothing to do with remembering to use deodorant!
lol :)

SD

God I am being thick today not to have got that! When NML get going mining the diamonds I'm gonna party and I shall buy you a bone.
D

I was rather hoping for a diamond studded collar, but a bone would be very nice too.

Well SD if it goes to a 1 in the next month you are on :-)

At 1 it could even be tanzanite if you want to be dead trendy - I suppose I would then be a blue-collar worker.

Have a nice weekend.

Di, are you into EPD? Been looking at it, thought it might interest you - they're the same stage as NML, but do sound a bit better organised somehow. Take a look. Interested in what you think. Thinking of getting in, now all the hard work's been done.

SD

di and stockdog (mistress and acolyte)

Really enjoyed your little interchange. Definitely 15 love to sd - what else does he love to do? Back home from hols which were great apart from breaking down near Plymouth and arriving home in a rented car. And what a roller coaster week with my CFDs. 8K up on Monday; tiopped up in YOO and withdrew 4K; Urgent call on golf course on Tuesday with instruction to stump up 6K which meant closing several positions - it appears to have been a general mandate to clear any negative positions with the fall in the amrket in case it turned into a collapse. By Thursday I was increasing the SEO stake. Lesson learnt - keep a bit of cash in hand. di - I suspect you are just that bit more careful in your approach and more risk-adverse; I suspect the conclusion is that you may turn out to be better at CFDs than I am.

What do you reckon happened with Healy's visit? Why did he come? It seems it might have been unsuccessful. Probably best to hold on and see what April brings.

Eric

Two reasons spring to mind - a) being called in to explain continuing delays and b) fund-raising to provide more cash in event delays continue. Either or both should be reported in a TA soon, if correct.

Am thinking of topping up on NML at its current depressed price, but can't take my eyes of the low neckline of EPD. Eric - your views please.

Sorry about your clutch.

SD

SD

Given you already have a holding in NML I think I would go for EPD on the evidence from the thread, particularly the industry articles. It seems to be an atractive scenario with the first phase project justifying the existing share price and generating the funds to continue explorations in the second stage Lesotho and Finland. On initial perspective, I would ignore the latter (rounded down to zero) and assume the former (rounded up to 1). As you point out sentiment will improve when mining actually starts. The same applies to NML but there appears to be something of a credibility gap - why should the sp fall when Healy arrives in London? he is positive about a February start when climatic conditions should have pointed to April. There appears to be greater risk with NML. To offset that the cap. is a quarter and the potential revenue appears to be better in the short term. Seems to be one of those cases where one should hedge ones bets and split ones funds.

From previous comments you appear to keep a large spread in your portfolio. I would rarely be over 10 stocks and at present I am on 7. NML is the greatest risk but, with CFP, attractive penny stock plays. Each could n-bag quicker than an SEO!

I'm pleased to say that my clutch is fine and showing no signs of falling away with age! The clutch of the car is another matter! lol! Do dogs understand these things? New Westie arrived today, called Tess, and has snuggled in with Honey for the night - very moving!

Eric

Eric,

Sorry to hear about your breakdown, hope all is well now.

I think Shane Healy was here to raise funds, and that may account for the small drop this week, although to be fair, most AIM miners were down too.

Interesting that you mention EPD, a stock I hold. I feel EPD will commence mining before NML, and my current plan is to rotate out some profit from EPD into NML around the time NML commence mining, provided of course both companies keep to the current timescale, which they may not!

Interestingly, I bought NML last July, when they said they were due to "hit the ground running" in September, and I had planned to rotate out profit from this into EPD when they commenced! Now we have a complete reversal of that scenario.

Rumours regarding a possible bid for AFD by FDI abound on other BB's tonight!