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 ??

If you simply accept as gospel what other people tell you, how are you going to know if they've misled you or deceived you?

...how very true!

At least I have given you evidence that you can check for yourself. By all means, doubt what I tell you, but check it out for yourself.

You didn't see Wendy D providing proof that I didn't give her every opportunity to accept the directors' discrepancies, before we went to the AIM. She obviously couldn't because it is there in black and white.

You didn't see any proof from Wendy that shows why the Badenhorsts accepted the extra shares.

You didn't see any proof from Wendy, proving her claim that there is nothing wrong with the directors' declarations - because she couldn't.

The simple fact is that the investigation into the directors' dealings is not 'minor matter of no consequence'. It goes to the fundamental reason why there have been so many shares sold, at such a low price and that (as a result) has artificially depressed the share price.

The figures in the 22 April RNS do not explain the discrepancies between the previous holdings and the issue in December 2004. So the statement about there being no director sales can not be taken as a statement of fact. Until this has been resolved, there remains the possibility that the directors have sold or transferred shares in NML and that as a consequence the statement is incorrect.

From the prices of the transactions, it certainly appears that the 'mystery' seller was one of the placees that purchased at 3.7p in 2004. However, if the company is supposed to be worth so much more in such a short period of time, it is a pertinent question to ask why the seller should be dumping such huge quantities of shares at such a low price?

You can not simply explain (as some fools have tried to) that this is some 'forced' sale due to probate or bankruptcy. The number of sales and frequency suggests that the holders have been consistantly and persistantly dumping shares. They may very well have placed an order to sell a larger number of shares and their broker is selling as much as the market will bare, without depressing the share price below the purchase price.

But the question remains, why would someone want to dump the shares if they are likely to be so valuable in such a short period of time?

One wonders why you feel the need to repeat this over and over again?

He is a one-trick pony.

Hopefully there will be news from the company soon and then we will be in a better position to judge what the prospects are.

takahe,

Exactly!

>takahe & bundu

You might have cause to heed these posts, if this all goes pear-shaped over the next 14 months. Maybe you ought to remember these posts, as you may have cause to check them against the events that happened.

Some of you have already noted that I correctly analysed in November 2004 that:

1. The share price would reach 4p
2. That the company would dilute and
3. That they would fail to start production in February (as they said they would).

So you should note that in my view and opinion:

4. The company is likely to fail to be cashflow neutral at year end (as they stated they would be),
5. The 'mystery' seller will return and sell more shares (which might cause the share price to drop back down to/or below 5p),
6. That the company might not get the kimberlite mining licenses,
7. That the company might carry out another dilution during the next 12 months,
8. That the company might average less than 8,000 carats per month during the entire year

IMO, the news from the company at the end of the month (or afterwards), will cause the share price to rise, but I doubt that it will stay there. The mystery seller, whoever they are, will more than likely continue to offload and bring the share price back down.

I also sense from the posts on the other BB, that a number of the posters are upset at the lack of positive news about the operation. In my view, this, coupled with the failure of the share to breakout above 8p, will encourage a number of shareholders to close their investment with a small profit, or to sell at breakeven, to seek better prospects elsewhere.

14 months on, the biggest hurdle will be whether the company has managed to obtain enough data to convert the inferred resource to proven reserves. If the company does move to 20,000 carats per month in the time period they suggested, then the Garimpo may be emptied sooner than you think. In my view the institutional investors will also be looking to this, to decide whether NML has a profitable future measured in years or in months.

Time will tell who is right. I am confident that quite a few of my predictions will be proved correct. The management are so 'incompetent' (as Wendy D called them) that it's likely they will assist in proving me correct.

It's like lying back in a warm, bubbly bath - reading this thread with Analmouse squelched. You should all try it - it's so peaceful.

woof woof

sd

You are right SD...and the thread looks much shorter like it used to before that idiot came over from Advfn....now we just need to sit in peace and wait....tick tock.
Di

Ignore Anomalous`s posts at your peril.He has gone to great lengths to provide us with proof of the sellers and who is selling.
Anomalous will be proved very right here at the expense of the likes of crosbie mclellan rbonnier and company.
WDurham is not all that people think Minmet springs to mind.There are dark forces working here the obvious clue that this could go pear shaped is the huge seller taking sub 4p for their shares but more importantly it is the identity of the seller that gives this away as a probable dud.Anomalous has tried to identify this seller.
I repeat ignore and rubbish Anomalous at your peril it may well turn out to be a very very costly mistake.

"Anomalous has tried to identify this seller."

Where?

You obviously haven't read his posts.

The "seller" finished about 3 weeks ago.

With the 500k and 1M 'K' trades. Pretty obvious really.

Anomalous/Anomalous1 is a bitter and twisted obsessional who spends most of his waking hours posting reams of biased opinion cleverly dressed as fact, with tables, fancy colours and pages and pages of text to give the impression he is a serious and experienced investor. When in fact he is nothing of the sort. The only thing that will save his sad little life, is if everybody ignores him. Then perhaps he will move away from the computer and discover real life again.

"Dark forces" - LOL!

"Desperate derampers" more like!

Looks like its going to be a very painful lesson for some a financial disaster for others but I bet none of you come on here or the other bb and say we should have listened to Anomalous.If only we had listened to Anomalous will be what you are saying to yourselves.!

Looks like its going to be a very profitable investment for some a financial masterpiece for others but I bet you and Anomalous will not come on here or the other bb and say we shouldn't have listened to Anomalous. If only we hadn't listened to Anomalous and doubled our holdings will be what you are saying to yourselves.!

GB- hope you've got your correct log-in today!

HMMMMM.....Ask yourselves why is this still 4p when they are mining diamonds and more importantly take time out to think about why someone was very keen to dump these at 3p.
The final give away will be this at the minute this is pure speculation but actually I expect this to rise when nml provides us with how much it expects to make out of this project.Now if that seller appears again at 4.5p+ against an rns expecting to make more profit than the current market cap please make your way to the nearest Funeral Directors to book your seat in the entourage car !

Maybe "the seller" is mentally disabled?

Maybe "the seller" is extremely stupid?

Maybe "the seller" is desperate for short-term cash?

Thats if "the seller" is still around. I don't think he is, as he as not been "selling" recently, has he?

Errrrrr Nope the seller hasnt been around over the last few weeks as I said wait for this to rally on the back of a good rns about future profit forcasts then if the dreaded 1m and 500k sells turn up again I will be appointing Funeral Directors Here..!!!

Once the news comes out, "the seller" can do what he likes, it won't make any difference as far as I'm concerned. As soon as the uncertainty is removed and the facts are made clear, "the NML seller" will disappear into the history books.