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 ??

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..

stockdog
is this one too sedate for you?

takahe: The geologists are well aware of the political issues, no doubt, and is presumably why they have taken the probibility factor as low as 40% to include the commercial risk. I expect we all take this down-weighted figure and then apply another factor of our own: even if we do we still have a very sizeable figure.

Eric

tkahe - that looks just the ticket. Now for one that fits round my neck as well - oh, you cheeky boy!

eric - geologists are respected if independent. Which mining company was it where the SP tanked shortly after the in-house geologist was pushed out of a helicopter - in mid flight!

I take it the balance of informed opinion is to hold NML until better times.

sd

stockdog,

The answer to your questions was - BRE X

so it was, thanks, Andy

Nice 250k broker trade.

Its down again though isnt it this has to be one of the biggest piles of pink pants ever to be listed on the lse.!Someone told me this floated at 30p...gosh what a pair!!!