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 ??

Bought 80k trench after the RNS, but not yet shown on trades today.

Good for you 'Master' Today is looking like a good day. I nearly bought some more this morning after selling something else but I bought more GFM (now that's going up too) as I have too many eggs already in NML. Quite enough to make a huge amount of money out of NML. Just watch it fly; hopefully we will get an update in a week or two telling us about all the diamonds they have mined. Diamonds really are a girls' best friend!
;-)

A post to take note of from the other side 'BE CAREFUL EVERYONE when the delayed buys start showing soon there going to end up in the sell column !!!

I got a 100k topup at 4.75p '
Di

Here we go all these 4.5p deals are BUYS from 1 hour ago when the RNS came through. The NMS is only 3000 shares so everything comes through after about an hour delay and so appears well below the current sell price in this instance.
Di

From the other side

'Yes there will be a tree shake today, and a slight retrace, followed by a further rise into the close to a new high. Leastwise thats how it generally happens - the MMs mark it back up in the last hour for the subsequent coverage the next day. I would guess from where we are now that we will eventually end up 60% on the day today, with a further 20% plus tomorrow.'

I'm having a nice time talking to myself today...Here we go again because of the hour delay in reporting deals. Lots of trades at 5.4 appearing as sells...they are BUYS
:-)

Yes the trades are very confusing, but how long before company reports they have found any diamonds, then the SP well reach for the sky.

That is the million dollar question. Hopefully they will find some pronto.
Di

They have already found some very large diamonds,
see previous RNS's.
I suspect that they have also found many more diamonds
since these large finds were reported.

I know FP soon to be Filthy Rich if you hav eenough NML shares 11 & 19 carats. It is a new batch of diamonds we now need:-)

Hi everyone - you can't be left alone for two minutes! Was away Friday and today - returning determined to top up at <4p - but alas missed the boat.

It seems a bit odd to me - March 31st final results say mining to start by end of June. 2 days later they actually start and announce this two more days later - smacks of connected parties wanting a drop in price to get in cheap for the high ride. Don't believe they should be allowed to issue such misleading statements in their annual accounts.

So happy they've started, but highly suspicious of the timing of recent announcements.

SD

Well SD the important thing is that the price is back up and hopefully will go up lots more now:-)

di: sorry not to have been around to share your pleasure as you were vindicated for your faith - pseudo-religious perhaps; probably the allure of the diamonds - aren't the streets of heaven paved with diamonds!

Just have the original 100K share stake. Have been out all day so missed the fun but one really needed to be increasing the stake before the announcement. Don't agree for once with sd as they still had hurdles to cross: the arrival of the second batch of mining equipment at Easter and the government inspection. Now you note that Endiama, the state-owned diamond monopoly who own 51% of the project, did the inspection. Nice and cosy! Endiama have said that NML are good boys and given them some test data for a different part of the site which is clearly now beiong explored and analysed.

You called the close very well, di, and may well be right about the 20% tomorrow. But that still leaves the cap. at only 7m, going to 8.5m. Market might well wait before a further upgrade but I can understand you topping up. It also seems somewhat unlikely that a further fund-raising will be required, or do you see this announcement as a pre-cursor of calling in additional funds. Opening out a second production front would be justification in itself.

Eric

Stockdog,

I agree, their statement on Friday looks misleading after the RNS today, and it DOES look as though it was designed to lower the price!

However, they have NOT confrmed receipt of their mining permit today, nor the 5000 carat parcel needed to obtain it.

What they have confirmed, IMHO is that they have commenced mining in order to procure the 5000 carat parcel required in order to obtain the mining permit, slightly different!

So you could argue that their statement last friday is valid, albeit somewhat confusing.



Di,

The 62 CPHT is from 30 years ago, the local garimperos may have been at work since then! Personally I will be waiting for NML to announce the grades, rather than rely on such out of date ones.

Various articles about NML in the newspapers today, mostly because of the huge rise yesterday. However the Express said that NML sparkled by gaining 1.88p and that dealers expect further good news. Looking good this morning at 5.5p
:-)

A few lines also in the FT today.

Up tomorrow now those T sellers are out of the way?

Good post andy,

I am waiting to see quantities before buying in... for some reason, something doesn't stack up about this co... hope I am wrong.

Di - looking good, but sadly on not enough stock for me - do you reckon the offer will fall to 4p again? I doubt it.
That's what comes of taking a long weekend and leaving my Mac at home like a good family dog!

SD

SD...don't you have any NML? In have one lot I bought at 6p prior to the drop but then will it really matter in a few weeks/months time. Be a good dog and buy some more anyway. woof woof.
:-)