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 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!

Eric
As ever, good advice. I hope EPD will snuggle up with NML without too much snarling.

Yes, I have a large spread - too large - of 25 stocks which is hard work keeping up. But, jumping in from a standing start late last year, I took the view I would a) learn faster and b) risk less by having so many with each stock holding at a level where 100% loss would not affect my lifestyle. Having had some good luck and some rather more modest good judgement, I now have a 15% profit cushion where I am am happy for each holding to rise to 50% of that cushion - i.e. I now can't lose more than half my realised profits on any one stock, still preserving capital. Apart from some minor ins and outs of trial stocks, I've only had one major tank - DEMG and that was well within above limits.

Over the remainder of this year, I should plan to reduce to about 15 stocks, building up more concentrated holdings in those with surest prospects (e.g. SEO where I am fourfold overweight) as I realise (or abandon!) the more capricious choices. But I'm such a tart I can't let new ideas (like EPD) pass me by!

I am currently into five sectors - oil, goldmines (might switch into pure gold, GBS is very interesting), other mines, E. Europe and the rest which in retrospect all have a common theme across a wide diversity of actual sectors which is companies that have a winning innovative product applied to an existing essential market with hopefully other applications potential - SEO, ARX, PSG etc.

I also (like you I believe) have a tuck away and forget dividend fund in my wife's name which I intend to feed with profits from my own fund for the long term.

I've had such a lot of fun researching stocks and meeting dog-lovers on line (with or without the offer of a bejewelled collar), I am seriously tempted into a life of full-time trading. Just think, capital of 25k traded for 200 days p.a at a profit margin of 1% each deal tax free is not a bad way to net 50k pa for 3-4 hours work a day.

Do I talk too much for a dog?

SD

Don't forget SD you can be rung up on the golf course to top up your trades and that can seriously put you off your stroke!! Like you I have far too many stocks which I can't resist buying but then find I'm forced to hold as I buy in too late such as ASC. Not that I worry too much as it's only a loss if you sell it but I couldn't stand the strain of trading!!
perhaps we should have a new thread--all the stocks we hold including the dogs!
cheers hope you had a good Easter MP

MP, I guess a thread called dogstocks would be a novelty. But seriously, a thread devoted to portfolio structure could be interesting. Sectors, weighting, total number, balance, risk management, capital protection, stopping losers, running winners etc. on a truth or dare basis - no concealment allowed.

SD