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 ??

Soory but its best to stay neutral on occasions like this.

Best luck to all.

cheers GF.

I will be honest, I know absolutely nothing about exploration stocks... I just got it tipped by someone that is a usually reliable tipster. I bought at 4.25 and sold (not many 25k) at 5.20 p and was very happy with my return.

These types of shares either go one way or another. I am with the GF on this one.

I like stocks with value... take a look at Belgravium Technologies (BVM) and Broker Network Holdings (BNH).. a piece of mine was published in shares mag not so long back... and IC have put someone onto it.. due to report before end of nov

DYOR

Once news is out NML will be much much higher.

Anyone interested in mining stocks take a look at BDI Mining. Listed yesterday and up 12% today. The joint MD of Asia Energy is a director of BDI - I thought that would make you sit up and take notice!

http://www.moneyam.com/InvestorsRoom/ShowPostList?fID=1&tID=3879

Testex.

How's your large holding in AFE, that you bought at 19p + , what price are they now 12p ? sell and buy FDI and TSG you know it makes sense.

Intercept,

Whilst you are correct in stating that the Feb RNS proved to be somewhat 'optimistic', as they couldn't achieve their aims within the stated timeframe, they have replaced the guy involved, and moved on. To constantly refer back to that could cost you an investment opportunity IMHO.

I am a holder, so naturally disagree that this is a scam. I trust it isn't, until proved otherwise, so I am still a believer. I also totally disagree thart NML are being "ramped" in the other site "next door"!

It quite simply isn't true, IMHO, and I think you should look at the AFD, ARX, BPRG, and SCO threads if you want to see some real ramping!

Withr Reference to the recent RNS, I have to agree, I noticed the wording regarding "the rainy season" too!

Let's have a look at the recent news releases;

23/09/2004

http://www.new-millennium.com.au/download/Announcement%20Angola%20Update%2023%20Sep%2004.pdf


The pertinent section I believe is this;

"The mining plant and processing equipment acquired in South Africa for the project has been transported from Port Luanda to Saurimo. The equipment has reached Saurimo via a 40 truck convoy from Luanda, the Capital city of Angola and is located on the West Coast of Africa.

Saurimo is the provincial centre for the region and is located approximately 35 km south of the Companys mine site at Lapi in northeastern Angola.
Construction of a road was required from Saurimo to the mine site to enable heavy equipment to pass. Twenty-three kilometers of that road has already been completed and Base Camp #1 has been established approximately twenty kilometers from the mine site.

The remaining portion of road is expected to be completed by the end of this month. The commencement mine site is located on the banks of the Rio Lapi and is currently occupied by the Companys 30 man security contingent.
It is expected that the plant and equipment will all be on the mine site and fully assembled early next month".
----------------------------------------------

Now you either believe that RNS, and they HAVE transported eqipment and men from Cape Town through to the interior of Angola, or not.

They have also stated that the Badenhorst brothers from kimberley, S.Africa, (who sold NML the equipment), and are now in charge of the consruction in Angola, and they will manage the site.

They have 30 security guards on site, so presumably there must be something there worth stealing?

There is a photo gallery here showing progress to date!

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


With regard to the "rainy season", the website has the following passage;

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

Dry mining provides flexibility in the source of plant feed. Should mining conditions change significantly (grade drops, period of heavy rain fall, etc) the mining location can be relocated to a more suitable area at short notice. The key advantage is the capacity to selectively mine only the material that is classified as ore. Other advantages include the capacity to mine around obstacles, mine in areas where there is no ground water (eg terraces, eluvial deposits, high slope deposits). Dry mining has the capacity to minimise the introduction of sediment load to the drainage system by operating in isolation of the drainage system thus not increasing turbidity. On the negative, dry mining requires the construction of access roads and will result in increased short term degradation of the mining environment.


Dredge (wet mining) has the advantage removing the oversize material on site that is returned immediately the mine location removing the necessity to rehandle the majority of waste material. The need to maintain a dredge pond may require the mining material that contains no diamonds,, difficulty in mining up land / high terraces and lack of flexibility in the choice of mine location should conditions change. Maintaining a dredge pond ensures that ponds of water are present that are loaded with fine material that has the capacity to interact with the drainage system and increase water turbidity.

Dredging will be used to mine diamondiferous ore from existing river channels and areas adjacent to current river channels that have not been mined using dry mining techniques. A suitable sized dredge will be acquired for this operation when required.
--------------------------------

I hope this causes you to rethink your view of NML, I genuinely believe in the company, and have backed my view with my own money. I expect mining to commence by November.

You guys still debating, try this system out.......................

If gold is a low risk investment during the Kondratieff winter, which shares, after bullion itself, should we be buying - gold producers or exploration companies? Let's examine the 'pros' and 'cons' of each of them.

Gold Producing Companies:
Pros:
-Investment grade. Large Market Caps-appropriate for investment funds.
-Cash flow via production.
-Excellent liquidity.
-Share prices generally rise faster than the price of gold itself.

Cons:
-Depleting their resources through production. Difficulty finding sufficient reserves to maintain production at current levels; i.e., Newmont 7.2 million ounces p.a.
-Hierarchal management-slow to make decisions.
-Exploration subject to committee review and budgetary constraints.
-Limited exploration since 1998.
-Only a small number of companies to choose from.

Junior Exploration Companies:
Pros:
-Responsible for 70% of discoveries.
-Growing their gold.
-Quick response management.
-Innovative geologists; prepared to see the unconventional.
-The onset of the Kondratieff winter suggests the largest bull market in gold in the entire cycle. In that environment share prices rise faster than those of their conservative counterparts.
-A major discovery positively impacts the share prices of most exploration companies.
-An ability to release regular news in progress.
-Management usually owns a large stake in the company and has a vested interest in achieving positive results on the behalf of all shareholders.

Cons:
-Management under suspicion-not trusted.
-Viewed as very high risk investments.
-Investors don't understand news releases, because they are usually not geologists-can't follow a discovery in progress.
-Poor liquidity; small market caps-not suitable for most investment funds.
-Difficulty in raising money; major dilution at low share prices.

Evaluating Juniors:
The key is Management. The Long Wave approach, developed by my team at Canaccord is subjective but still useful.

Points System:
Resource -
50 points- Defined Resource
35 points- Discovery
15 points- Grass Roots.
Management - Max 50 points
Properties - Max 35 pts
Promotion - Max 15 pts
Blue Sky - Max 25 pts
Political Risk - Max 30 pts
Market Cap - Max 30 pts
Shares Outstanding - <5million - Max 10 points

I much prefer investing in juniors versus seniors in a gold bull market, because:
- There is significantly more upside price potential, following a discovery.
- Easy to be selective. There are plenty to choose from. Follow the management.
- Exciting to follow progress; discovery-resources-reserves.
- Management is usually dedicated to enhancing shareholder value. It wins, too.

So there you have it, I believe that gold at this point in the Kondratieff cycle is a low risk investment and good junior gold mining shares are arguably an even lower risk than their senior producing counterparts. Now go and buy some. However, you must remember to buy management.

For a detailed presentation of my interpretation of the Kondratieff Cycle visit my website www.thelongwaveanalyst.ca.

http://www.thelongwaveanalyst.ca/

cheers GF.

Intercept,

It's NOT a scam in my book! (until PROVEN otherwise!)

If you are sure it is, on Monday, bring it to the attention of the appropriate authorites, or better still, POST your proof! I bet you can't!

And to do 1000 hours research on a scam?
Assuming you spend 12 hours a day on it, ignoring all other stocks, that would take you three MONTHS! No days off, no holidays etc etc.

And did you believe in it until the 1000th hour?, or at what point on this marathon research stint did you change your opinion?, and why continue once you didn't believe any more?

Sorry, i'm not suggesting it's not true, but you have to admit, it does take some believing!

I may be "ignorant" (in your eyes), but have made profits of 500% on OXS, 400% on PDX, 300% on JKX, 200% on AVM, 200% in MMD, and smaller amounts on others, all in the last year or so!

I have made a few small losses, but they were minimal.

You misquote me.

"Andy you also state Goldfinger never gets it right"

I did NOT say Goldfinger never get's it right, only that even he probably doesn't get it right all the time! There is a subtle difference!

I never called you a ramper, although your judgement on NML seems to be clouded by your loss.

My tips are : NML (I hold) FDI (I hold) BMG, AVM (I hold) MANA (I hold).

On the watchlist : Yamana, AFE, CEY, AFD, RVD, Crew, Kimberley Diamonds.

My tips are FDI [I hold ], TSG [ I hold ], all going to 200p+ . also holding NML, AFD, GFM and TCU a [ this time next year we will be millonaires ] share.

Intercept,

Shane may make the announcements, but I think these guys are the ones that are doing the business where it counts, on the ground in Angola!
----------------------



Mine Management, Angola - Piet and Neils Badenhorst

Piet and Neils Badenhorst are brothers with extensive experience in equipment management and diamond mining. Operating for many years in the Kimberley regions of South Africa, they have been successful in diamond recoveries and plant management. They have been involved with large London based companies in exploring and identifying resources for the diamond industry. Neils has had extensive experience with Bell Equipment, having spent time in Japan, visiting OEM plants and studying new technologies for heavy equipment management. Their current fleet of heavy equipment has been acquired by the Company to be used on the Angolan project. They have had security training in South Africa and are conversant with the imperatives of diamond mining. Both brothers live in Kimberley, but will spend extensive amounts of time in Angola, educating local operators in the methodology of correct plant care and plant operations. Future work envisaged for the Badenhorst Combine will be the stage 2 implementation of heavy trucking and equipment for larger scale mining.


Independent Geologist - Dr Michael Harold Smith, FIMM, C. Eng, from Scotland

Dr Smith is a qualified Economic Geologist with a record of practicing in the Mining Industry as well as recognition by the European Commission and the World Bank as an approved consultant. He graduated from Durham University, England, with a First Class Honours B.Sc. in Geology and has a Ph.D. from the University of Strathclyde, Scotland. He has 34 post doctoral research years of professional experience. He is a Fellow of the Institution of Metals, Materials and Mining, a member of the Irish Association of Economic Geology, a member of the Gemmological Association, a Chartered Engineer and a Euro Engineer. Dr Smith has no direct or indirect interest in Mombo LDA or New Millennium Resources or any of their associated companies.


Consultant Geologist - Bernard Neehoff, AUSIMM, Perth, Australia

Mr Neehoff is a qualified geologist with 18 years experience in minerals exploration, development and mining on projects in Australia, Africa, South East Asia and the United States. During the last seven years his work has specialised in the field of Project Feasibility Studies and Project Development. Mr Neehoff graduated from Otago University, New Zealand, with a Degree in Geology and Post Graduate Diploma in Science (Geology). He is a Member of the Australian Institute of Mining and Metallurgy.

Interesting debate... one of you is about to leave with nothing, it's time to vote off the weakest link!! LOL

Intercept, if you do know something others don't, I am sure the investors that 'believe' in the NML story would really like to know.

Get their telephone numbers, call them and share what you know... that's if you know anything.

Andy, as for PDX, I have heard good things are imminent with them... are you still a holder??

I smell a deramper here, who could it be !!

Not the one from AD*** 's NML thread by any chance.

Your young days in exploration didn't teach you anything, like patience, your latter days now are still the same, carry on losing.

Try a tech stock or two, because mining clearly is not your forte.

lee,

Gee, I never thought of that, you may well be right! :-)


Legend,

yes I think PDX are finally About to reward us for our patience!

Not sure about that, but the head of the "committee of 300" officially lives about three miles from you as the crow flies!

You sold AVM then?

all> as most of you already know there are several of us now with over 1/2m shares in nml we have all done our own research and are comfortable that shane and john "the managment" have the experience and knowhow to pull this off big time. from things i have heard and read it all seems too easy diamonds 1m from the surface, The mine start at 10,000 carats a month, for 5-6 months, staging up to full production there after of 20,000 carats a month, capital claimback, equipment bought not leased, badenhorst brothers in charge, directors with massive holdings! need i say more? when we get some publicity which as we are starting mining within the next week should be soon we should start to see some good volume and upward movement, i know a few derampers are trying to drop the price but for what reason? so they can buy cheaper i dont think there`s time for it to drop before we get a diamond strike! dyor! but its got to be worth a punt!

Yes, and intercept, we all know you are in most of them stocks not through choice, ie mana bought at 40%+ over the now shareprice.

You sold a couple at loss, NML one of them, and now realise that you shouldn't of sold NML as the heat turns on.

Sorry, you have no credability here either.

Intercept.

If your not bothered and you don't hold any and you don't wont to buy any and you don't wont to short them, why are you allways on the NML thread?

Intercept,

What bothers me is that you won't say WHY this is a scam!

After all, truth is a defence in a slander suit, as i'm sure you're aware, so if you're right, you don't have to worry.

Otherwise, there seems little point in repeating claims that you can't substantiate here is there?

Intercept,

Well if I can make this much cash being "naive", ignornace is bliss as they say, then long may it continue!

Maybe it's luck?
And the harder I try, the more I study, the "luckier" I become!

And how do you knoe he's "good"? Seen confirmation of his trades? Or do you always believe some guy posting anonymously on a BB?

And as you have never seen my portfolio, you have absolutely no idea how good or bad my trading is! Not everyone feels the need to advertise their positions on a BB.


PS I suck up to nobody, I plough my own furrow

Intercept,

lol, when you can't back up what you say with facts, you can always resort to personal attacks!!!

Is this mining equipment being unloaded in Angola?

Having read through this thread, it would appear that heated debate has moved on towards personal abuse - as this is not accepted on this site, I would ask that discussion is returned to the topic in question and not individuals.

We are happy to allow freedom of speech, but will take action if any further individual abuse is added.

Thank you for your time with this and I hope you all have a good day.

We have today removed a previously banned user and removed their postings.

Regards

Ian