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 ??

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

.

I know, bundu - it's stunning isn't it.

"Andy - 13 Jun'05 - 19:30 - 822 of 855

Wendy,

J. Cross said they need a FULL mining licence to sell the diamonds, I don't believe they have yet obtained this."

Andy - to the best of my knowledge, the only company operating in Angola that markets its output itself is Alrosa. And that is a new thing.

The Ascorp contract ended this year, and SODIAM have taken diamond marketing back into their own outfit. So unless you are (a) Alrosa or (b) like them, in a position to negotiate with SODIAM to market your own stones, all output is marketed through SODIAM.

As the line of least resistance, I expect that NML will take that route for the time being.

Wendy,

You may well be right, but John Cross said they intended to export their own "specials" as they could obtain a better price.

He also said they couldn't sell any diamonds until they had obtained the full mining licence, hence my expectation of an RNS when they receive this.

Well its obvious that no news is bad news in nmls case thats if they actually have any news or diamonds for that matter.If they had good news they would have released it before the placing to reduce the dilution effect on shareholders or be able to raise more capital.
As a result does anyone know if its possible to short the Pants off this stock anywhere?

Are you saying that because you've recently sold out at 3.5p GayBriefs?

If so, maybe you should take your pink pants elsewhere instead of clogging up the discussion board with poop?

Gay Briefs is very active today on a few threads...

No doubt putting a bit of stick about as the PM in House Of Cards used to say!

GayBriefs - why not ask the directors or management if they will lend you some of the 30% they own? Then you could sell away and make a fortune, couldn't you?

stockdog- he was quite a chilling figure, the PM in that

864 post and the sp hardly ever moves is it worth it, my ULT has 300 + posts and the sp goes 120% either way, shouldn't you be concentrating somewhere else.
Also have a look at ERT Postman Pat much more fun than shiny stones.

"Postman Pat much more fun than shiny stones"

Each to there own I suppose.

Personally, I prefer diamonds!