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 ??

aldwick,

There certainly were some buys after 9.08 :-)

Well Well,
NML
I hope that not a lot of people have noticed this one, it looks like an absalute gift from the gods. I will be buying first thing Monday, it looks like a double your money in a few weeks play. My thank's to all the very informed posters

Intercept,

If you keep going back and looking at old company RNS', you run the risk of missing the latest news, and why the price is moving upwards!

We've all moved on from that RNS, everyone knows what happened, so no point looking backwards IMHO.

the latest FACTS, as presented to the LSE, are as follows;

NML have purchased mining equipment from the Badenhorst Brothers, experienced diamond miners, from Kimberley, S.Arica.

This mining equipment has been shipped from Cape Town to Angola, and cleared customs.

This equipment has crossed Angola in a convoy, and is either traversing the last few miles of off road track, or has already arrived at the minesite.

The Badenhorst brothers will construct their former equipment, and manage the onsite operations. They are confident they will be mining diamonds from the off, and "can't wait to start" according to one quote from them!

They have recruited all the required personnel for the operation to commence.

I am awaiting the next RNS, which, hopefully, will confirm that mining has commenced.

Either way, we will know shortly, and I increased my investment on Friday as I am hopeful that the price will rise from here provided of course the mining startup is sucessful, the diamonds are of the anticipated quality, and the grades are good.

We won't have long to wait IMHO!

Enjoy.

swiss tony,

You are right, NML is a start up story yet to reach the masses, only a few in this one at the moment.

I would suggest you have a look at the company website for some research;

www.new-millennium.com.au

A link to a PDF file re the Lapi concession is available here;

www.new-millennium.com.au/download/Info%20Memo%20for%20Valuation%20Report%2014May04.pdf

Hope this is of some use to you,

Andy.

A small mention from www.minesite.com


"And then there was the rather silent company New Millennium Resources which saw its share price jump by 0.625p to 5.75p after it announced diamond finds in
Greenland. The company said that it had found 120 diamonds in excess of 106 microns, recovered from 1 sample location in its Sarfatoq Exploration License Area. It said 9 of the finds are classified as macrodiamonds. The discoveries are in association with its partner, Hudson Resources of Canada."

RNS released today and comment as follows:
Road not yet built to the mine site.
Equipment won't be set up till next month.
Actual production to start end of the year.
We won't be getting rich till after Christmas!

nkirkup,

A slight distortion of the facts there I think!

I have posted the FULL RNS below, for everyone to peruse, and as you can see, it's upbeat, and I see this as very positive news, given the problems of starting up a mine if a country such as Angola.

----------------------------------------

RNS Number:2537D
New Millennium Resources NL
23 September 2004


New Millennium Resources NL

Lapi Project Update

AFRICAN MINE SITE DEVELOPMENT ON TRACK
FOR DIAMOND PRODUCTION BY END 2004

* Development of Lapi alluvial project remains on schedule
* Equipment arrived & mining camp under construction


AIM-listed New Millennium Resources NL (NML), the international diamond
exploration company with projects in Greenland and Africa, announces today that
development on the Lapi alluvial diamond mining project in Angola is progressing
according to schedule. The project is on track for production to commence by the
end of this year.

The mining plant and processing equipment acquired in South Africa for the
project has been transported from Port Luanda to Saurimo. The equipment has
reached Saurimo via a 40 truck convoy from Luanda, the Capital city of Angola
and is located on the West Coast of Africa. Saurimo is the provincial centre for
the region and is located approximately 35 km south of the Company's mine site
at Lapi in northeastern Angola.

Construction of a road was required from Saurimo to the mine site to enable
heavy equipment to pass. Twenty-three kilometers of that road has already been
completed and Base Camp #1 has been established approximately twenty kilometers
from the mine site. The remaining portion of road is expected to be completed by
the end of this month. The commencement mine site is located on the banks of the
Rio Lapi and is currently occupied by the Company's 30 man security contingent.

It is expected that the plant and equipment will all be on the mine site and
fully assembled early next month. The Company will continue to release regular
exploration updates as the mine construction and pre-production continues. The
mine is expected to enter production by the end of 2004 and to begin to generate
significant cash flow shortly thereafter.

John Cross, Managing Director of New Millennium Resources, commented:

"After the announcement last week that Hudson Resources, NML's joint venture
partner, has found kimberlitic diamonds in Greenland, we are pleased to report
that the progress on the Lapi alluvial diamond project in Africa is also
progressing according to plan. With the arrival of the equipment and the
construction of the mine site camp we have taken the next step towards our goal
of African diamond production by the end of 2004".

The Lapi project, consisting of the C9 diamond concession, is owned as a joint
venture by NML (34%), the Angolan state diamond company ENDIAMA (51%) and local
group MOMBO (15%), and is located in the north east of Angola in the Lunde Sul
Province, straddling the Rio Chicapa and Rio Luo river systems. The area
surrounding these river systems is known to contain diamondiferous gravels, and
measured resources at the C9 diamond project are calculated at 188,000cts. In
addition indicated resources of 3.79Mcts and inferred resources of 4.80Mcts have
been reported.

Contact:

New Millennium Resources NL

John M. Cross (Managing Director) Tel: +61 414 375 758
jcross@new-millennium.com.au

Shane M. Healy (Finance Director) Tel: +61 414 809 010
shealy@new-millennium.com.au

Seymour Pierce Ltd
Jeremy Porter Tel: + 44 20 7107 8000
Jeremyporter@seymourpierce.com

Capital PR
Cindy Dennis Tel: +44 20 7902 0701
cindy@capitalww.com

About New Millennium Resources NL

New Millennium Resources NL is an AIM-listed international diamond exploration
and development company with active projects in Greenland and Africa. NML holds
a significant (34%) interest in the high quality C9 Lapi diamond project in
Angola, and is set to enter production by end 2004 and with the expectation of
substantial cash flow for the company.


This information is provided by RNS
The company news service from the London Stock Exchange

END
MSCQKNKKCBKKOCB

I thought that was Phineus Taylor Barnum that said that!!! So what do you think will happen then intercept??!!!

Dont ask its all de-ramping lies same old recycled rubbish.

I expected another RNS by the end of this month, but fear no progress has been made to the mine start-up yet. Has anyone heard any news elseware.

Noticed shares mags artical on diamond miners did not mention NML, which could be a good thing, but still getting nervious.

LOL!

1000 hours = 41 days at 24 hrs per day. How many millions of times have you been told not to exaggerate!

A dead cert.

Intercept,

What utter tosh!

If this is "such a con" why would you waste 1000 hours "researching" this stock? LOL!

Goldfinger may be a good trader, but surely even he must get some wrong?
or miss a few that were good prospects?

There are 3000 stocks on the LSE, Goldfinger cannot have time to research them all, so without any lack of respect to him, even he can't win them all!

Soory but its best to stay neutral on occasions like this.

Best luck to all.

cheers GF.

I will be honest, I know absolutely nothing about exploration stocks... I just got it tipped by someone that is a usually reliable tipster. I bought at 4.25 and sold (not many 25k) at 5.20 p and was very happy with my return.

These types of shares either go one way or another. I am with the GF on this one.

I like stocks with value... take a look at Belgravium Technologies (BVM) and Broker Network Holdings (BNH).. a piece of mine was published in shares mag not so long back... and IC have put someone onto it.. due to report before end of nov

DYOR

Once news is out NML will be much much higher.

Anyone interested in mining stocks take a look at BDI Mining. Listed yesterday and up 12% today. The joint MD of Asia Energy is a director of BDI - I thought that would make you sit up and take notice!

http://www.moneyam.com/InvestorsRoom/ShowPostList?fID=1&tID=3879

Testex.

How's your large holding in AFE, that you bought at 19p + , what price are they now 12p ? sell and buy FDI and TSG you know it makes sense.

Intercept,

Whilst you are correct in stating that the Feb RNS proved to be somewhat 'optimistic', as they couldn't achieve their aims within the stated timeframe, they have replaced the guy involved, and moved on. To constantly refer back to that could cost you an investment opportunity IMHO.

I am a holder, so naturally disagree that this is a scam. I trust it isn't, until proved otherwise, so I am still a believer. I also totally disagree thart NML are being "ramped" in the other site "next door"!

It quite simply isn't true, IMHO, and I think you should look at the AFD, ARX, BPRG, and SCO threads if you want to see some real ramping!

Withr Reference to the recent RNS, I have to agree, I noticed the wording regarding "the rainy season" too!

Let's have a look at the recent news releases;

23/09/2004

http://www.new-millennium.com.au/download/Announcement%20Angola%20Update%2023%20Sep%2004.pdf


The pertinent section I believe is this;

"The mining plant and processing equipment acquired in South Africa for the project has been transported from Port Luanda to Saurimo. The equipment has reached Saurimo via a 40 truck convoy from Luanda, the Capital city of Angola and is located on the West Coast of Africa.

Saurimo is the provincial centre for the region and is located approximately 35 km south of the Companys mine site at Lapi in northeastern Angola.
Construction of a road was required from Saurimo to the mine site to enable heavy equipment to pass. Twenty-three kilometers of that road has already been completed and Base Camp #1 has been established approximately twenty kilometers from the mine site.

The remaining portion of road is expected to be completed by the end of this month. The commencement mine site is located on the banks of the Rio Lapi and is currently occupied by the Companys 30 man security contingent.
It is expected that the plant and equipment will all be on the mine site and fully assembled early next month".
----------------------------------------------

Now you either believe that RNS, and they HAVE transported eqipment and men from Cape Town through to the interior of Angola, or not.

They have also stated that the Badenhorst brothers from kimberley, S.Africa, (who sold NML the equipment), and are now in charge of the consruction in Angola, and they will manage the site.

They have 30 security guards on site, so presumably there must be something there worth stealing?

There is a photo gallery here showing progress to date!

http://www.new-millennium.com.au/ang_gallery.php


With regard to the "rainy season", the website has the following passage;

http://www.new-millennium.com.au/ang_mineop.php

Dry mining provides flexibility in the source of plant feed. Should mining conditions change significantly (grade drops, period of heavy rain fall, etc) the mining location can be relocated to a more suitable area at short notice. The key advantage is the capacity to selectively mine only the material that is classified as ore. Other advantages include the capacity to mine around obstacles, mine in areas where there is no ground water (eg terraces, eluvial deposits, high slope deposits). Dry mining has the capacity to minimise the introduction of sediment load to the drainage system by operating in isolation of the drainage system thus not increasing turbidity. On the negative, dry mining requires the construction of access roads and will result in increased short term degradation of the mining environment.


Dredge (wet mining) has the advantage removing the oversize material on site that is returned immediately the mine location removing the necessity to rehandle the majority of waste material. The need to maintain a dredge pond may require the mining material that contains no diamonds,, difficulty in mining up land / high terraces and lack of flexibility in the choice of mine location should conditions change. Maintaining a dredge pond ensures that ponds of water are present that are loaded with fine material that has the capacity to interact with the drainage system and increase water turbidity.

Dredging will be used to mine diamondiferous ore from existing river channels and areas adjacent to current river channels that have not been mined using dry mining techniques. A suitable sized dredge will be acquired for this operation when required.
--------------------------------

I hope this causes you to rethink your view of NML, I genuinely believe in the company, and have backed my view with my own money. I expect mining to commence by November.

You guys still debating, try this system out.......................

If gold is a low risk investment during the Kondratieff winter, which shares, after bullion itself, should we be buying - gold producers or exploration companies? Let's examine the 'pros' and 'cons' of each of them.

Gold Producing Companies:
Pros:
-Investment grade. Large Market Caps-appropriate for investment funds.
-Cash flow via production.
-Excellent liquidity.
-Share prices generally rise faster than the price of gold itself.

Cons:
-Depleting their resources through production. Difficulty finding sufficient reserves to maintain production at current levels; i.e., Newmont 7.2 million ounces p.a.
-Hierarchal management-slow to make decisions.
-Exploration subject to committee review and budgetary constraints.
-Limited exploration since 1998.
-Only a small number of companies to choose from.

Junior Exploration Companies:
Pros:
-Responsible for 70% of discoveries.
-Growing their gold.
-Quick response management.
-Innovative geologists; prepared to see the unconventional.
-The onset of the Kondratieff winter suggests the largest bull market in gold in the entire cycle. In that environment share prices rise faster than those of their conservative counterparts.
-A major discovery positively impacts the share prices of most exploration companies.
-An ability to release regular news in progress.
-Management usually owns a large stake in the company and has a vested interest in achieving positive results on the behalf of all shareholders.

Cons:
-Management under suspicion-not trusted.
-Viewed as very high risk investments.
-Investors don't understand news releases, because they are usually not geologists-can't follow a discovery in progress.
-Poor liquidity; small market caps-not suitable for most investment funds.
-Difficulty in raising money; major dilution at low share prices.

Evaluating Juniors:
The key is Management. The Long Wave approach, developed by my team at Canaccord is subjective but still useful.

Points System:
Resource -
50 points- Defined Resource
35 points- Discovery
15 points- Grass Roots.
Management - Max 50 points
Properties - Max 35 pts
Promotion - Max 15 pts
Blue Sky - Max 25 pts
Political Risk - Max 30 pts
Market Cap - Max 30 pts
Shares Outstanding - <5million - Max 10 points

I much prefer investing in juniors versus seniors in a gold bull market, because:
- There is significantly more upside price potential, following a discovery.
- Easy to be selective. There are plenty to choose from. Follow the management.
- Exciting to follow progress; discovery-resources-reserves.
- Management is usually dedicated to enhancing shareholder value. It wins, too.

So there you have it, I believe that gold at this point in the Kondratieff cycle is a low risk investment and good junior gold mining shares are arguably an even lower risk than their senior producing counterparts. Now go and buy some. However, you must remember to buy management.

For a detailed presentation of my interpretation of the Kondratieff Cycle visit my website www.thelongwaveanalyst.ca.

http://www.thelongwaveanalyst.ca/

cheers GF.

Intercept,

It's NOT a scam in my book! (until PROVEN otherwise!)

If you are sure it is, on Monday, bring it to the attention of the appropriate authorites, or better still, POST your proof! I bet you can't!

And to do 1000 hours research on a scam?
Assuming you spend 12 hours a day on it, ignoring all other stocks, that would take you three MONTHS! No days off, no holidays etc etc.

And did you believe in it until the 1000th hour?, or at what point on this marathon research stint did you change your opinion?, and why continue once you didn't believe any more?

Sorry, i'm not suggesting it's not true, but you have to admit, it does take some believing!

I may be "ignorant" (in your eyes), but have made profits of 500% on OXS, 400% on PDX, 300% on JKX, 200% on AVM, 200% in MMD, and smaller amounts on others, all in the last year or so!

I have made a few small losses, but they were minimal.

You misquote me.

"Andy you also state Goldfinger never gets it right"

I did NOT say Goldfinger never get's it right, only that even he probably doesn't get it right all the time! There is a subtle difference!

I never called you a ramper, although your judgement on NML seems to be clouded by your loss.

My tips are : NML (I hold) FDI (I hold) BMG, AVM (I hold) MANA (I hold).

On the watchlist : Yamana, AFE, CEY, AFD, RVD, Crew, Kimberley Diamonds.