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 ??

EWRobson -

At last, someone who understands the concept of risk weighting of exploration/mining projects!

cometh the risk, cometh the understanding

For some, stockdog, for some.

Others would prefer to insinuate that the risking means only a 20% or 40% chance of diamonds.

Wendy: obviously a bird of similar feather! First, risk is a 'good thing'. If the future was certain for a share then there would not be differing opinions, the value would be clear-cut and there would be no market. Second, understanding risk may not be a pre-requisite for many investors who are prepared to follow the advice of others. But it is sad when someone sets himself up as an authority, making categorical negative statements, when he has plainly failed to understand the relatively minor risk represented by his negative prognosis on the financial forecasts and, more seriously, failed to appreciate the fundamentals of geological projections. This is the bloke who makes a hobby out of complaints to the FSA and AIM regulators causing potential damage to the holdings of investors in this company. We can do without him.

Eric

I second that,.EWRobson...I don't mind opposite opinion, but I hate misrepresentation and character assassination of directors.

Still here watching and waiting SD and Eric. I haven't said much as there isn't much to say at the mo. I don't see the point in moaning and slagging everyone off.

The management of NML may not be the best in the world at keeping the shareholder informed but that does not mean nothing is happening. Don't forget to build the mine and get the equipment in place they had to build 80km of road; a huge feat. The first we heard of it was after the event.

Last week everyone was lagging off GFM and it was all doom and gloom. Yesterday the mine started full production and the price has risen more than 5p since the middle of last week. Now the scaremongers had moved on to the next share.

Everyone thought I was crazy buying SEO at 4p with the ongoing court battle with BPRG. The derampers and scaremongers were out in force. However, like NML the potential was there as well as the risk. If you don't want risk stick your money in the building society. If you want to make some real money you have to take risks. NML is worth the risk; especially as SD is still waiting for his diamond collar
:-)Di

Good posts Eric,
But be prepared for pages of recycled drivel from Anom.
He has spent the last 12 months, continually, posting negative, misleading,
and sometimes, complete lies about nml.
A strange hobby!
Anyway, I have the "Knobhead" filtered, so a more balanced thread is
presented.

Well the only post of interest on the other side today is Eric's post someone copied over there.

On ADVFN NML thread there is also a sweepstake to guess the biggest diamond...interestingly Anom who spends his time bashing this stock (and admits to enjoying it) is the person who lists the biggest diamond will be 65cts!! Anom heads the sweepstake and Andy is bottom with 7 cts. So according to Anom this is a crap stock but NML is going to find diamonds as big as 65cts
:-)

Dynamite,

I am normally bottom in thses sweepstakes as holders are invariably overconfident on price (this time carat size) and I frequently win!

I should add that I doubt I will win this time, they will probably find a much bigger one, but the picure they showed recently didn't have any enormous ones, so you never know!

With regard to Anom's position, even if they do find the odd large stone, (and most miners do), the main issue is whether they can consistently mine 10,000 carats oper month, THROUGHOUT THE YEAR, or an AVERAGE of 10,000 carats per month, utilising the good weather to exceed production to allow for less in the inclement months.

The next RNS will be interesting! (IMO)

Very true Andy...but no one knows and only time will tell whether NML can be consistent. However, in the past NML have been quietly working away in the background and when RNSs have come out it has become apparent that a huge amount of work has been done...such as building 80kms of road.
My point over Anom is that he spouts doom and gloom over NML and admits to enjoying it! A few 65 ct diamonds would be nice as well as the normal small ones.
Di

I wonder where Anom and Briefs are today.?

Playing in their sandpits, dreaming up new and exciting ways to deramp NML?

Anom has his signing on day at DSS and said he is out for the day!! Well that's the rumour!!

They already found stones of 19carat and 11carat

I know but that waas ages ago in exploration...it is what they have found in actual mining we are waiting for.

Dynamite - don't want any of Andy's small ones in the collar thanks. Let's say 20ct minimum - think that's fair, don't you?

sd

SD you can have 20carats but they will be the sort that rabbits eat! How many shares do you think I have in NML?? They would need to go to about 30 before I put 20cts in your collar. Even then I don't know how much a 20ct diamond is worth...I'm still a poor little mouse waitoing for this bugger to go up!

Well it was worth a try, but your obviously to shrew-d a mouse to be fooled by me.

Nice to have fame at last - what, posted on ADTVN. The interesting thing is that I was merely drawing attention to the geologists report. If this has not been read or not been understood, it points to the interesting conclusion that NML has been underrated. The geologists are clearly respected and tehir report comes over as very professional. The fact is that NML are sitting on a veritable gold mine - oh, sorry, diamond deposits! If there had not been the negative history behind the company, the sp would be related to the npv of the weighted probability of these projections; a figure I suspect is about 50m (after other holdings).

Let me put this another way. A reaasonable assumption, made by anom. amongst others, is that a probability of 40% on $200m is less than 50% and therefore more likely to be zero than one. That is how I would treat a sales forecast, for instance. But, to repeat the key point that needs to be grasped by investors and potential investors, is that the 40% has already been applied to a forecast potential of $500m to arrive at the $200m. The 40% represents technical and commercial risk or, in other words, a 40% recovery and realisation rate. The upside potential of this share is thus far greater than generally recognised. I am with di, I normally am (or wish I was!), in being thoroughly relaxed about holding for the ride: the downside is pretty negligible; the upside is mega (I wonder how it compares with FDI, EPD for instance, which have caps of many multiples in relation to NML).

Eric

EWR- that's what the optimists among us think, too. The geo report is interesting reading.
For me, the initial downside was the fact that it is Angola...but things seem to be settling down there a bit, although still pretty awful for local people. WDurham posted a very interesting article on life in Angola which paints in the difficulties of being there , let alone living there and trying to get things done. Our red tape is nothing compared to theirs but at least the Government wants things to move on and to get the money from diamond mining..