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 ??

"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.

Gaybriefs - happy to read Analmouse and learn from his opinion what I can - ONCE. But why does he need to beat us all over the head with a mallet. It really doesn't sound any more convincing - indeed the exact opposite - makes him sound like a rabid basher.

I hold no particular brief (gay or otherwise!) for Wendy, but her milder maaner immediately makes her more digestible to read.

My objection is mostly to A/M's style which is crushingly boring. I have already taken on board what he has sais about the past. I would welcome his BRIEF (any colour) responses to my 4 questions with corroborating facts. Sadly, I shall have to forego that pleasure since he remains squelched and I have neither time nor inclination to see if he has changed his spots (or briefs).

gaydog

>Gaybriefs
Thanks for understanding the import of what I was trying to get across. Sadly these people don't comprehend like we do, the simple facts that are staring them in the face, such as the share price below 4p.

The reason I keep posting, on both BBs, is to make sure that any new investor to NML has both sets of opinions before them. So that they can make a balanced judgement on whether to invest. The others (as epitomised by mjr1234, stockdog and bundu), would rather 'gloss over' any obvious faults with the company, especially the share price, as it doesn't tie in with their theory that the SP is about to rocket.

mjr1234 in particular seems to have a very short memory. Most of the shareholders will recall that in September and October 2004, everyone was expecting the share price to rocket on the news of the mine start, which the directors kept telling us was only a few weeks away. When the bad news broke, the share price, instead of going up, fell badly.

Likewise, in March this year, the shareholders were expecting the share price to rocket, just on the news that they were finally pulling out diamonds. But when the company published the RNS on 31 March, the share price plumeted down. Sure it recovered somewhat after the real mine start, a few days later, but who reappeared but the mystery seller.

If the company announces the figures for the diamonds extracted from the Garimpo during the work-up period, I fully expect the share price to double. It seems to me that 8p is achievable on this news. But it won't stay there very long. Many shareholders have already announced their intention to dump some of their shares when they have a reasonable profit. Others might even try to trade the share in and out of the peaks and troughs. But you know who really has control of the share price. The moment the mystery seller believes he has enough profit, the massive dumping will begin again.

Some have claimed that just because the seller is not selling right now, that he has gone away. That is simply rubbish. We thought the same thing after we exposed the director discrepancies in April. But they soon re-appeared in May to prove that they still have an appetite to dump NML shares above 3.7p

mjr1234 has come up with a number of 'reasons' why the seller is disposing of the shares. But he/she seems to be continuously missing the obvious, probably because mjr1234 does not want to believe that the most obvious reason is the simplest one. That the mystery seller is selling to make a quick profit on the placings and does not believe the hype that the share price will go through the roof, because they know that the project is extremely high risk. They would prefer to take a quick profit, than wait and take a chance on an even bigger one.

The justification to this hypothesis is funnily enough down to the convertible loan note holder - one of the directors. Wendy D wanted to persuade everyone that the convertible loan note holder was actually placing a vote of confidence in the company, by accepting the shares early and foregoing the interest. She later admitted that her thinking on this was a little 'woolly' and finally understood it when I explained it to her in the example scenarios. Here's the post:

Anomalous - 11 Apr'05 - 18:45 - 4334 of 5408
>Wendy
"But the basic premise remains. If you can convert a debt to equity at a fixed rate now or later - but if you do it later you also get a whole year's interest, then to do it now demonstrates that you believe the share price is going to go up sufficiently to offset the interest you would have earned by waiting for expiry. So whether they sell stock along the way or not, the bank clearly believe the share price is going to rise at least by enough to recoup the interest they have foregone, in addition to any profit they might make. And converting now DOES enable them to sell stock over the next 12 months when the price rises enough to make it worth their while."

Your logic is still flawed. Look at these scenarios and see which you think a bank would choose:

Scenario 1. - the current situation
Share Price currently: 5p
Issue price: 4p
Lost interest = 6% profit
Current premium = 25% profit
Net Profit = 19% profit
Can sell at any time to reduce risk

Scenario 2. - the convertible deal
Share Price currently: 5p
Share Price Jan 2006: 12p
Issue Price: 4p
Interest received (in shares) = 6%
Current premium = 200% + interest 6% + premium on 6% = 12%
Net Profit = 218% profit
Can sell at any time after 12 months - but with risk that scenario 3 might occur.

Scenario 3. - Oh dear!
Share Price currently 5p
Share Price Jan 2006: 3p
Issue Price: 4p
Interest received (in shares) = 6%
Current premium = -25% + 1.5% loss on 6% interest
Net loss = -20.5% loss
Can sell at any time after 12 months - but who would want to?!


The logical conclusion is that the convertible loan note holder (which we now know to be Al-Wakalah Nominees, the equitable interest in which is held by Datuk Fung-Chee Lim, one of the directors), converted their loan note to shares in a risk minimisation exercise.

They knew that there was a serious risk that if the share price dropped below 4p instead of rising above it, then the note holder would lose money on the deal. Regardless of the 6% interest they would earn for holding the note for a year. It stands to reason that if one of the directors would have so 'little' confidence in the project, that they would convert the shares immediately to minimise the risk, that it must be one of their possible outcomes that the share price does not rise above its present levels and this might explain why the mystery seller is dumping in such vast quantities.

The mystery seller has not gone away as some claim. In my view they are still there and waiting to pounce. The moment the share price moves to their advantage, they will strike. They might let it reach 7p or even 8p, but before the other shareholders try to profit-take, they'll strike and dump a massive load into the strength. The other shareholders will tamely call it a 'tree shake' when in actual fact the MMs are moving on huge quantities of shares to small investors trying to buy in on the rise. Eventually, the price will sink back down to the previous channel of 4p to 5.5p.

All along, the mystery seller has been taking advantage of the small investor's greed to make a fortune on the theoretical prospects for the mine. He or she has been sitting back and laughing at the dreams some post of fortunes made in weeks or days. He watches the small investors 'soak' up the shares he dumps. He lets the price re-adjust back up to the previous levels, then he strikes again and dumps another load to make a profit. If the future is so bright for the company, why does he keep doing this at such small profit levels? The obvious answer is normally the simplist. The mystery seller doesn't believe the hype, because he (or she) knows better. They have the same sort of information I have (and that the Institutionals have) and realise that NML is a one trick pony. They only have the Garimpo at present and at best this is worth an increase of 50% in the current share price. Unlike other diamond companies, the company has not found proven reserves beyond the 188,100 recoverable carats in the Garimpo. By the company's own estimates, this will run out in 14 months. I would give them 18 months based on the poor weather, even after ramping up to 20,000 carats a month. If the company has not completed the exploration of the other River Lapi targets by then, the share price is likely to take a nose-dive.

It matters not that the directors have given themselves options conditional on huge share prices. That might convince the small shareholders, but it does not convince others. Unless the company devotes a major amount of time to exploring the River Lapi targets and firming up the data to proven reserve status, there will be a lot of unhappy shareholders.

Meanwhile, the mystery seller will keep dumping his shares, to take advantage of your gullibility. If you keep soaking up the shares, you will more than likely find out how the Bre-X and MNT shareholders felt when the truth dawned on them.

YAWN...

Latest company news:

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

The facts:

Angola, now politically stable, is attracting international investment in its
rich natural resources of diamonds, oil, gas, iron ore, minerals and timber.
Angola has large resources of gem quality diamonds, renowned for their size and
quality which is reflected in the attainable prices.

Concession Area C9, is located 45km northeast of Saurimo, the provincial capital
of Lunda Sul. Saurimo has an airport with a number of daily flights connecting
it with the capital of Angola, Luanda. An all weather road to Luanda provides
ready access for construction and operating equipment.

Concession Area C9 is 323sq.km in area and is near to and downstream of the
large operating Catoca diamond mine. Four rivers, including the Rio Chicapa,
flow through the tenement, providing sufficient water for operations.

The sparse vegetation and mostly flat landscape lends itself to both land and
dredging operations with low production costs.

Concession Area C9, while having a sizable inferred alluvial diamond resource,
has kimberlite pipes which carry diamonds but which require further exploration.

The Angolan Government has signed the United Nations agreement to certify all
diamonds produced and has provided secure title to the tenement.

Angola Resources has put in place a highly experienced management team that aims
to pursue the exploration and development programme planned for the tenements.

The project will require a three month, US$300,000 conformation prospecting
programme to be completed, following the completion of which an exploitation
agreement will be signed that will allow for the installation of the primary
production plant, requiring a 6-months construction period. The project is
expected to be cash flow positive 6 months after production commences.


> So there you have it - Cash flow positive beginning of October.

Repeating the same old dribble from the NML website and promotional material.

When are you going to realise that the company failed to keep to the promises and predictions contained in their promotional documents (including the website). The Project Summary itself is full of contradictions. They can't even agree on when the rainy season is for heaven's sake!

If you are that gullible to believe it hook, line and sinker, you are setting yourself to become a 'mark' for the grifters.

No, its from an RNS.

You're going to have so much egg on your face when Angola newsflow starts coming through, that they won't call you Anomalous, but Anomelette!

I don't think you'll be so 'eggstatic' when the mystery seller gets going again. Instead of going pear-shaped, it'll go rotten egg shaped and leave a bad smell amongst the investors.

Well, I don't think I'm alone in thinking you're the rotten egg!

Anomelette - rofl, mjr

taken the liberty of inserting your web-link in easily accessible form

sd

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