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 ??

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

>stockdog

Hi I am surmising from recent discussions on bbs that the matter of the missing rns and the seller has been notified to the authorities although I do not know for a fact that this is the case.
In my view it certainly should be the rules are there to be obeyed and to protect shareholders if these rules are broken then that leaves the door open for the shareholders to be taken for a ride.

It is only imo that the bank is selling I honestly wish I knew so I cant say if its the end of the selling as we dont know who is selling and how many they have left to sell.

Regards
ASMITH2

Thanks - AS2

If everyone wasn't so hell bent on proving that the company had wilfully broken the disclosure rules, and that the nasty, wicked directors were selling shareholders down the river, a few other explanations might emerge, along with the placees.

Quite surprising that the woman responsible for the directors being reported to the AIM has the nerve to post on the subject on this BB.

As I proved in earlier posts, I tried to get the directors to make the correct declarations, to explain the contradictions between their recent declarations and the last Annual Report. But alas, they were not interested. Even though I spoke with the Nomad. Even Mclellan (takahe) wouldn't contact the directors by email when I asked her to do so - twice. When Wendy D started denying that anything needed explaining, in exasperation I wrote a complaint letter to the AIM and handed it to their head of department when I visited the 7th floor of the LSE a while back.

>Stockdog
You can be certain that there is an investigation. After handing in the letter I have spoken with the gentleman concerned on the phone and he did confirm that the investigation is proceeding, albeit under the aegis of one of his juniors. He has bigger fish to fry.

After her behaviour I did ask if Wendy D is prepared to help pay any fine that the directors have to pay. But for some strange reason, she is unprepared to admit her guilt and responsibility for dropping the directors in it.

Such a pity that he doesn't have any sense of guilt...... but then I suppose that is why she is 'advising' you all that there is nothing wrong with NML, when a few (on this BB and elsewhere), do know that there are serious unanswered questions.

YAWN..

You are so very boring, Anomalous1.

Yawn if you like, but the AIM investigation is underway and I believe the results will show something that will surprise the majority of the shareholders.

Too many... mms play games like raising the bid a quarter and the offer a half and make nml on big winners board... therefore more people get fooled into thinking there is something going on and buy

There is obviously a mystery seller somewhere. Why can't the company be straight and say who is selling the shares... if nml are so good, what have they to fear by announcing it??

Does anyone actually understand the rns's that they release???