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 ??

Of interest posted on the other side:
By Ketan Tanna Posted: 4/6/2005 4:33 AM

(Rapaport...April 6, 2005) The International Monetary Fund has said that Angola's diamond sector, which makes up a large chunk of the country's non-oil exports, is still largely untapped. The country is currently seeking an IMF-supported staff monitored program, the first step to a lending program.

According to a report released by the IMF, Angolas revenue from diamonds was low compared with the industry's reported production. The Angolan Ministry of Geology and Mines has reported diamond output of $788 million in 2003, up from $638 million in 2002.


The IMF said that half of Angola remains to be surveyed and that a large
part of the current Angolan diamond production was probably being smuggled abroad. Besides, the fact that there was little downstream activity, the IMF said that numerous governance issues remain to be addressed.

According to the IMF, a systematic appraisal of the diamond sector could focus particularly on the separation of roles currently being played by Endiama. Its sizeable potential conflicts of interest impede improvements being made to the transparency and openness of the sector and hence to its attractiveness to potential investors. The sector would gain in particular from clear and fair rules of entry under guarantees of a stable regulatory environment, said the IMF in its report.

The IMF said the granting of licenses and the application of tax provisions, clear commitments to fairness of treatment and transparency would reassure investors and ensure that government revenue could be maximized. More information should be published about revenue payments made by the sector and the earnings of parastatals and associated companies. There are also outstanding social issues, including prospects for garimpeiros of Angolan origin.

Angolas related fiscal income as reported by the state diamond company Endiama was $112 million in 2003 and $45 million in 2002. But the IMF said the low ratio of government revenue to production was common in other diamond-producing countries in sub-Saharan Africa.

Angolan diamond reserves fall into one of two categories: primary, or kimberlite deposits, and secondary or alluvial deposits. Angolas known stock is largely alluvial.Diamond deposits are mainly concentrated in the north-east (Lunda Provinces) with some also in the central and southern parts of the country. Over half of Angolas current production of diamonds comes from the Catoca mine in Lunda Sul.


The report added that the Angolan authorities project that output in 2005 will increase substantially, reflecting in part the recent approval of several new projects by the Council of Ministers, and the rising production in the vast Catoca mine.

www.diamonds.net/news/newsitem.asp?num=11894&type=all&topic=all

MM's have lowered the offer, bid unchanged, they want you to buy!

Spread .25p, very tight, so NML is definately in play.

Have topped up to full weight at 4.75p - better than yesterday's 6p offer, although probably not quite the bottom over these interesting few days. Now sit tight for the rest of the year and see where we get to.

SD

there's a good dog...what do you consider to be a good percentage of your portfolio in NML SD???? NML is currently about 16% of mine and I still cannot decide whether to sell something and buy more. A doggy's opinion required as a matter of interest.
:-)

Di

As you know I am more spread than most across 26 stocks among which there are 4 "hedged" pairs, reducing conceptual spread to 22 stocks. NML and EPD (a 60/40 pair) amount to 7.1% in aggregate.

I may try to work my way down to lucky 13 over the course of the next 6 months which is probably a more manageable portfolio. I will trade in less interesting stocks as they turn a modest profit (or cut my losses!) to concentrate on my favourites going forward.

Going higher than 16% seems very brave (even foolhardy) from where I stand. But, the big profits are made by those who push the envelope and go where no one else dares to go at the time. Your instincts always seem pretty sure, Di, but there is always the unforeseen extrinsic (outside/uncontrollable) risk that dictates some degree of caution. If you are already sitting on a profitable position, you may be inclined to risk the profit element more freely than your basic capital. Me - I still haven't covered the spread yet, so I'm in far enough for now.

Anyway, I've got a bone to pick with you (as they say where I'm from). You promised me a diamond collar - now you say you're going to buy a big diamond for yourself. Here's hoping you can do both on the profits from this one! :D

SD

SD I'm still in negative too...it is so tempting to buy more to bring my average down and potential profits up. I know it's a dangerous game and I am down to only 9 stocks at the mo. My portfolio profits for this year to date are 60%. At one stage SEO was 40% of my portfolio and now I have none of them. I sold the last the other day and bought more GFM which was a good move.I aim to get back in SEO later this year as I cannot see it moving for a while.
My portfolio is highly speculative with currently 60% in 3 mining stocks. I know this isn't everyone's cup of tea but I am comfortable with it. Looking at this though makes me think that if I buy more at all it has to come from selling some of the other 2 miners hmmmmmmmmmmmmmm now that's a hard decision.

Would you believe SD I am actually good with money and quite cautious with it...but then this is all money I am prepared to lose, much as I would be unhappy if I did.

SD I told you if NML goes to a 1(and I still have shares) I will buy you a diamond collar and myself a diamond, although a diamond what I don't know as I don't like loads of jewellery. I shall put some diamonds on for Friday so I feel close to NML.

Thanks for your input SD :-)

In that case, I guess I should wear a tray lid to feel close to SEO that I'm still in - or perhaps an airline transport box in solidarity with ARX which I'm also heavily into.

SD

Well SD I will need a generator as my one dog is TGN and I definitely do not want to bring what HYR treat YuK!....Just wear a diamond in your dog collar and then I will recognise you instantly :-D

What a great idea - fancy dress at the traders day to guess what your majority stock is !!! now where can I find a aranium rod ? (or should tha be an uranium rod)

Well NML is my favourite stock at the mo... I just have that feeling. However, I don't possess that many diamonds ;_0

Baza - if it's a uranium rod, there's only one place to look really isn't there!

Di, I think I'll just wear the diamond on its own - strategically placed - sort of carat and stick, if you know what I mean!

SD

OK SD I shall see if I can spot you naughty doggy!

Well looking at today's trades, the large seller(s) again in evidence, preventing the price from advancing.

I think they really do need to communicate their grades ASAP, otherwise NML could be stuck in this trading range for a while longer, IMHO.

It's a sunny day in Angola today and a blue day on here but both are good. Hopefully now the price will move forwards and staythere.
Di

When the sun shines you can see the diamonds sparkle in the rocks in old Angola, so they say.

One sad seller gets his timing wrong
Two market makers raise a merry song
Three happy buyers glad to hold their stock
Four silly shorters going against the flock
Five . . .

woof woof

SD

SD you are obviously getting in party mood for tomorrow. The rumour on the other side is that there was a big seller, hence all the T trades and that it has taken days to fill their order. Now it seems to have passed.

Do you know SD exactly what a T trade is ...I thought it was when someone bought with money they don't necessarily have and have so many days to settle??? Do you know o doggy of wisdom???
:-)

It's a protected trade - a large order that goes through in stages in smaller parcels during the course of the day. It is reported to the LSE but not announced to the market at large until complete - hence often shown wrongly as buy/sell, because the price relates to an earlier market price. It is supposed to help maintain an orderly market, but I have a pretty shrewd idea who its "protecting".

T3, T10 etc is different and refers to how many days you have to settle trades with cash you don't have So you can trade in and out of a stock over a few days, only paying/receiving the difference in cash on settlement. Not available to mere mortals like us who have to have cash or shares lodged with the broker before trading either way is allowed, unless you manage to arrange credit terms not generally available from on-line execution only brokers which I use.

Yours
The Dog of Omaha

I know who the big seller is but can't say, but it's not me or Evil K as far as i know.

How do you know Aldwick...Is it you?? More importantly have they finished now??? OR Is it NML directors to raise cash????

SD...thank you for the doggy lesson. How do people get the T3. T10 stuff I know my brother in law has with TD Waterhouse...I can't see anyone giving it to me and Self trade don't do it anyway. You must be happy about SEO well done...I would be unhappy as I sold except I bought more Griffin with the money and they are going up up and away!!!

Di,

TD Waterhouse are one of the brokers that allow T trades, and for small private investors, is possibly the best one, as you can trade online at 12.50 per trade too.

A friend of mine has an account with Jarvis, he had no experience of share dealing, and when he opened they gave him a T20 50k dealing limit!

Otherwise you are left with the more traditional brokers, and they cost more.