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 ??

Good riddance.

Millions more where that came from mjr1234
If this seller is dumping on Inside Information there are going to be some real burned fingers with this.

There's also going to be some real prison sentences for the insider dealers as well as all the derampers on here who claimed to "know something", if that turns out to be the case.

Which it won't, because they are just juvenile bullshitters.

Be very careful mjr1234 do you honestly think someone would dump huge amounts of shares if they knew good news was about to be released,of course not but they would dump them if they knew bad news was on its way now wouldnt they.
We have only got the trades to speculate on.

They would dump them if they didn't know if good or bad news was about to be released.

Why do you automatically assume larger sells are from insider dealers (an illegal activity)?

Was the 225k buy yesterday from an insider dealer?

WOW 3.5p what a bargain. Can only get 10k though grrrrr.

ASMITH2- how interesting that you are still taking such an interest. I am recording your posts.

Nice 660k buy.

Lots of smoke and mirrors going on. I say good news tomorrow now the mystery buyer has got in on the cheap.

I would put it to most posters here that an awful lot of things have been overlooked - or perhaps deliberately ignored?

Some proper research would reveal a lot.

If you look at the actual trades there is no evidence of anything sinister: (1)in the last sevcen days, sells have been consistent at 3.5p with higher prices likely to be buys, it is the spread that has varied depending on quotes from MMs presumably; (2) there has been nothing of any size until this afternoon and, though 550K looks big, its only 20K; (3) if there has been some shorting it is pretty small beer. Suggestion that evolution are shorting: if they were they would do a better job of it!

I agree with Wendy, takahe, mjr, dynamite that the jury is out, but that there are many positive considerations, although also negative concerns. Also baffled why those who have sold continue to pester the bb rather than move on. If I return to a former holding, fallen on bad times (e.g. YOO), its probably, first, to commsierate, second to put something positive back in.

Eric

Eric,

1) IMHO the price has been held at 3.5p BID to prevent selling, especially from 3.7p placees.

2) That's a fair amount if it was a private investor, IMO.

3) NOBODY in their right mind would short NML (or any other stock) at 3.5p, as the potential downside is limited ie 3.5p. whereas any good news would drive the price up quite quickly.

I don't think you can short NML..
to prevent selling from 3.7p placees...nonsense...MMs don't give two hoots for who is selling..if it is placees or whoever. How would they know?. It could be Zuks liquidating much needed money

takahe,

Neither do I, but others seem to think so, hence my reply!

You're posting "nonsense" because you didn't read my post properly!

MM's aim to balance their books so if they are encountering selling, they will ower the BID until it dries up. they don't care who is selling, they simply drop the BID until it dries up. There was consistent selling until they dropped the BID to 3.5p, when it stopped. That was a few weeks ago.

As there are a number of placees in at 3.7p, it is POSSIBLE that one or more are salling, and once the BID dropped below their buy price of 3.5p, they stopped selling.

In the last few days there have been a number of sells, but at smaller amounts than before. This MAY be because they are breaking larger sells into smaller blocks, or that private investors are selling, rather than larger holders, such as Zuks perhaps.

Still no reply from my email to Daniel Stewart or the copy to John Cross sent later - in contrast to the replies we get from other more shareholder-conscious directors.

Andy - if MMs holding SP low to prevent 3.7 placees selling, how long can they avoid this? One day they will have to cross that line to raise the SP. Can they hold out indefinitely for good news to keep the placees in?

Since we were promised action by end of Q2 some time a go, are we due a TA before month's end?

sd

stockdog,

MM's balance their books, so if there is buying demand, they will raise the BID for sure, but if their is selling, they will lower it until it dries up, which, until today, was 3.5p.

I'm not sure it's placees selling, but they bought in at 3p and 3.7p, and once thie BID was lowered to 3.5p, the sells stopped.

It may be coincedence of course, or that they are waiting until the BID is raised, we will have to wait and see.

If good news is reeased, buying demand will return, and the bid will rise, but not until.

Today's action suggests there is selling rather than buying demand, IMHO.


I'm not sure we will hear any news this month, mining commenced late, so that may delay any announcement into July.

Andy..I did read it..how can you possibly TELL that it is placees?
Regards shorting ..the market cap is too low
We'll see what happens before too long, no doubt.

takahe,

Regards shorting, agreed.

It's POSSIBLY the placees selling because as soon as the BID fell below 3.7p, the selling stopped.

It could also be coincedence, I am only speculating, and I am probably wrong.

Tomorrow could be intersting.

Andy..goodness knows..I am sick of it, to be honest.

takahe,

That I can understand.

I genuinely hope NML comes good.

I think yesterdays T Trade was a sell and has been in the system for a while hence the low bid of 3.5p and the mms willingness to sell these on at sub 4p.
Now we are staring at 3p bid and good news will not take us very far if the seller is prepared to sell for 3.5p.Remember these sells are endless and the seller will sell into eternity.
A little strange though that the mms pay 3.75 and 3.5 for size and then are prepared to sell them to the punters for less,maybe theyve resided to the fact this is a dead loss and theyre cutting their losses too.