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 ??

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.

Self Trade use T3, i.e. settlement happens after 3 days, but you still have to have the cash earning an insult to interest on deposit with them before you can place the trade. (and you can't get instant credit from depositing cash with Self Trade unless you phone up - really silly!. Comdirect gives you instant credit from an online transfer of funds - quicker easier more secure and cheaper for everyone).

I used to use Greig Middleton (eons ago when there were settlement periods terminating every fortnight, whenever you traded) they allowed credit.

I would have thought that since Self Trade insist on holding your shares via Crest, they could allow you a %age - say 50% - of your holdings as a credit facility on T10 terms. That would make short term trading on margin possible.

However, as we are all only investing money we can afford to lose (aren't we?!) presumably it is available to us and the interest we forego is small compared to the profits we make.

SD

Good write up in today's Shares Mag...I can't copy it for some reason and spent ages typing it and then it disapppeared so you will have to read it for yourself...I ain't doing it again!

Andy...maybe I should open an accont with TD then. Thanks
Di

If you trade more than 7 times in a 3 month qualifying period with TD the commission is reduced to 11.95 also.

Also may I just say thx to all on this BB for their views over the past few months. Have proved to be very useful as well as profitable

A lot more profit to come.. this is only the beginning

Oh dear, does that mean a lot more views as well then? LOL :)