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 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 :)

Views SD? Do you mean what you are going to do at the tRaders Day tomorrow...See my getting drunk thread! teehee

A Good post from the other side;

'Economy - Development
Angola to double diamond production in 2006

afrol News, 14 March - Angola's national diamond company Endiama has announced that it expects to double its production capacity in 2006. Endiama's current capacity is about 6 million carats of diamonds per year. If the state company reaches its target, Angola will surpass South Africa and become Africa's third largest diamond producer, after Botswana and Congo Kinshasa (DRC). The industry however still faces many problems.

According to information released by the Angolan government's Agcia Nacional para o Investimento Privado (ANIP), the national diamond mining sector is experiencing a boom-like revival. During the last decade, diamond production has been around 3 to 5 million carats annually, recovering to an estimated 6.5 million carats currently, following the end of the civil war.

Angola's diamond production is mostly controlled by the state-owned Empresa Nacional de Diamantes de Angola (Endiama). Endiama's current capacity is about 6 million carats of diamonds per year, but the company has now announced plans to double its production capacity during the next year. By end-2006, Endiama thus plans to produce 12 million carats annually.

The production increase was due to the start-up of the parastatal's new exploration and production arm (Endiama-EP) and expected new production from six diamond projects coming on line. In the Camanjanja area of Lunda-Norte province, Endiama-EP will begin mining diamonds independent of any other company. This will be the first time the company has operated independently.

Endiama-EP expects to produce around 7,000 carats of diamonds per year from this project alone, according to ANIP. Endiama further plans to use the additional revenue to build a new diamond cutting plant and improve local infrastructure in areas where it is operating.

The production increase announced by Endiama would significantly increase Angola's share of the world's diamond trade. Measured in carats, Angola in 2003 was the world's seventh largest producer and measured in value, the country came fifth world-wide. Australia produced most diamonds counted in carats in 2003, while Botswana by far was the world's greatest producer in value.

If Endiama's plans are realised, Angola's annual diamond production in 2007 may reach around 13 million carats annually, worth an estimated US$ 2.2 billion, if the same quality is maintained. Angola's diamond production could thus surpass those of Canada and South Africa, making the country the world's fifth largest producer. In Africa, only Botswana and Congo Kinshasa (DRC) would then be producing more diamonds.


I imagine NML is one of the 6 new projects coming on line.......'

I hope Endiama - being the regulator - does not now also become an agrressive competitor. The bribes alone will detract from the bottom line of any independent operators.

Also their plan to become a cutter as well concerns me - will they demand a monopoly on purchase from all operators. How will they develop the skill base needed to cut 7k carats of diamonds from nothing at a high enough standard to compete internationally? Will they end up lowering the perceived value of Angolan diamonds w/wide?

This and your previous report smack of a new social order in a recently stabilised regime effectively nationalising its main export and thereby stifling its necessary entrepreneurial skill/value development.

I always make the analogy of theatres which, seeing the nice profits made by franchisees, take over direct management of the catering function, only to make a thumping loss - it's a different business requiring different skills from producing plays.

Should government be directly managing 50%+ of its own natural resources? Discuss. You can imagine the profitability of Brownstones recovered from Downing Street Blairite, not.

SD

Dyna/dog,

Dia,I am not calling you a dog, its you and stockdog am posting to, will you be posting any photo's from the traders day on here ?

It depends what you're willing to pay, aldwickk! lol :-)

It depends on our far you are willing to go, LOL .

That was a silly question, your going as far as London.

Depends on whether he is a good doggy or a bad dog...At the moment he is a cross dog but I feel it is all good news for NML not bad. No time to post now though....got things to do!

I see the volume dipped today, and the large seller(s) are still there.

I feel some really good news is needed to breakout from the current trading range, I am waiting for them to declare they have obtained the mining permit, and the grades they are obtaining before making a decision.

Andy

Suggest you get in with half your money now before those two bits of news after which you will have missed the first rise. Then put the secon dhalf in with more confidence. You can always ditch first half
on lack of news without too much disgrace.

DYOR as ever

SD

Here is an RNS in this morning...now I read it that as they are in a position to apply for a licence they must have the necessary 5000 diamonds...Am I reading this right???

New Millennium Resources Ltd
11 April 2005




New Millennium Resources Limited
('NML' or the 'Company')

Kimberlite Licence Application

New Millennium Resources Limited (NML), the international diamond mining and
exploration company, announced today that following its successful progress to
alluvial diamond production the Company was in a position to make application
for a Kimberlite mining licence on its Rio Lapi C9 concession in Lunda Sul
Angola. The application has been made through its wholly owned subsidiary Angola
Resources Pty Ltd in JV with Endiama, the government owned diamond monopoly, and
a local partner Mombo Lda.

This application will not detract from the Companies main focus which is on
alluvial diamond production

There are a number of stages the kimberlite application must go through before a
kimberlite mining licence is granted. These steps include prospecting and
exploration. Kimberlite exploration carried out by third parties in the late
1970s and as recently as four months ago indicate that at least three
kimberlites exist on the Rio Lapi C9 concession. It should be noted that the
Company has not been given access to the results of this exploration at this
time.

New Millenniums Managing Director John Cross said;

'The Company's, Rio Lapi C9 concession is in a proven diamond rich kimberlite
area. The Rio Lapi concession abuts the Catoca Mining Society's lease and is
approximately 20km north of the Catoca mine which is one of the largest diamond
mines in the world. The Catoca mine is currently producing approximately 3
million carats per year and is due to upgrade its production to 6 million carats
during the first trimester of this year. The Catoca kimberlite has a surface
area of 63 hectares and a diameter of 900 meters and an economic life of 50
years. Unconfirmed and very early stage indications are that Kimberlites on our
concession are similarly resource rich.'

Kimberlite is the primary source of all diamonds. Known as kimberlite pipes,
alluvial diamonds are produced from the weathering and erosion process on the
kimberlite pipes. Diamonds are washed into river systems and are then referred
to as alluvial diamonds. Alluvial diamonds may be found many hundreds and
sometime thousands of kilometres from the kimberlite source. The largest and
heaviest diamonds are transported shorter distances and therefore fall closer to
the primary sources. To find alluvial diamonds and source diamond bearing
kimberlite on the same lease is unusual and if proven would yield substantial
reserves of diamonds and offer great opportunities for the Company.

It is the boards intention to carry out its own exploration and commission a
bankable feasibility study (BFS) on the kimberlite programme should initial
exploration support third party data.
Contact:

New Millennium Resources Limited

John M. Cross (Managing Director)
Tel: +61 414 375 758 Tel:

jcross@new-millennium.com.au

Shane M. Healy (Finance Director)
Tel: +61 414 809 010

shealy@new-millennium.com.au

Daniel Stewart & Company Plc

Alex Davies
Tel: +44 (0)207 374 6789

St. Swithins PR

Gary Middleton
Tel: +44 (0)795 160 3289

post from the other side;

Well, they've applied for the license, so that means they must have the necessary 5,000 carats. That's very good news, because it means there will be some revenue in the next few months.

'Furthermore, they've announced an intention to explore the kimberlites themselves. There will be sufficient cashflow to enable this. It also means that they can drive a hard bargain with any major and/or they would be able to go for it alone and become a very juicy takeover target. I also like their honesty, that the source kimberlite might be further away and not on the license. I think the subtle hint is that the source is Catoca. We don't know the size of the NML Kimberlites, but the company is hinting that they are similar to Catoca. Without further exploration, we can not verify this.

Positive RNS in my view....

Onwards and upwards....'