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 ??

Don't think so GayBriefs,

Can only buy 7.5k on Comdirect, can sell over 1M@3.25p!

Looks like a "mystery buyer" may be around?

mjr1234,

I have just checked, and they are showing a maximum of 75,000 at 3p bid!

mjtr1234,

you are right about the buy limit, which is only 28,000, interesting!

LOL, I meant 3.25p - edited the post.

ok :-)

The buy limit of 28,000 certainly is interesting, RNS coming perhaps?

Strange how you got 75k sell limit though.

My broker has had a buy limit of 7500 shares all afternoon!

Moving up!

GRRRRRRRR! There goes sub-4p prices, and I was going to top up tommorrow.

GRRRRRRRR!

DON'T DO THAT

Dont worry as soon as the seller realises they can sell again at a profit sub 4p ere we come.!

DON'T DO WHAT?

Shout about the price rise youll wake up that dreaded seller again!

Good lets flush him out?

PS Can only buy 5k@3.96p!?

Some decent buys from here before the news could flush him out fwiw I think the seller is the bank Al Wakah or whatever it is.
The bank would not be aware of the current situation that news of profit forcasts are imminent.

Why do you think that Al Wakalah are selling, ASMITH2?

Asmith2,

Surely the bank would be in touch with the company?

>Andy

Exactly they should have told nml who should have notified the market what we do know is we are missing some rns on notifiable holdings.What we dont know at the moment is who is at fault although that should soon be cleared up after AIM have conducted the investigation.

>Wendy D

I think its the bank because a bank would liquidate its holding at market price if it had decided to do this.An investor would be more aware of market conditions and of newsflow to come in this case the profit forcasts and imo would not be selling out at this level ahead of price sensitive news that could very well see this double from here.A bank would not be aware that nml are to make these predictions imminently and may be selling to balance its books irrespective of the price.Banks dont like risk or losing money!

>ASmith2

From your posts, most people would think that you are me posting another identity. Can you please confirm to the others that you are not Anomalous. We may share the same views, but it appears that the others are so paranoid that they think I am using multiple IDs!!!


By the way, I don't think it is Al-Wakalah selling, but I can't be certain. You see, Al-Wakalah Nominees is owned by Datuk Fung-Chee Lim. Although I must admitt that he only disclosed an interest in 13,333,333:

Further to the trading statement of 20 January 2005 the conversion of US$1.25 million loan notes into 16,666,667 ordinary shares at US$0.075 (4p) resulted in Al-Wakalah Nominees holding 13,333,333 million ordinary shares representing 8.06 per cent. of the Company's issued share capital.

http://www.uk-wire.com/cgi-bin/articles/200504221407014182L.html

So that leaves the other 3,333,334 shares (an undisclosable amount) that could have been sold. The trouble is that the quantity 'ditched' by the mystery seller is far in excess of 3,333,334. I still think that the seller is one of the 3.7p placees, because of the selling behaviour. Stopping the moment the bid gets below the purchase price.

The MMs only move the price further south when they still have a few left out of the tranche/batch that they have orders to sell. So long as notready et-al keep soaking them up, they will keep dumping them.

Whilst I disagree with VV's analysis, that the MMs are out to drive the price down, it does appear that the mystery seller is primed to take advantage the moment the good news is announced and spoil the party for the regular PIs on this BB and ADVFNs.

>Anomalous1

Hi,Just to confirm to this bb that I am not Anomalous I dont know who Anomalous is and have never met him / her.
Although I do share exactly the same views of nml as Anomalous.

Kind Regards
ASMITH2

ASMITH2 - Pleased to hear you know who you are and who you are not - always a useful guide to personal relationships!

Albeit you sahre views with Anomalous - it's the way you tell'em in plain, polite English which holds the attention.

Could you confirm (re your post 989) is there an AIM investigation in progress or are you surmising there might/should be? If there is, I need do nothing. If there isn't, I have unanswered correspondence with the John Cross and house-broker Daniel Stewart that I am minded to refer to LSE for review.

If the bank (as you suppose) has liquidated its holding, do you imagine this is the end of the recent regular selling and that the SP might now find a more natural level?

Thanks

sd