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 ??

For what its worth {and considering i am in the impossible position of proving i am not this character} i assure you that you are wrong. l have banged my drum about the shortcomings of NML long before he appeared . You may not like what i say but i have no need for duplicity to make my point ....@+ J

Whatever you say Nigel.... ,,&&1+ Q

TFC....lol!! I've never even heard of you until a few weeks ago.

Your wrong Testex was the first, LOL

When I saw last weeks announcements I thought there might be light at the end of the tunnel.Todays rns is just about as bad as it gets.This is a real howler a really bad company whos actions of today are an act of desperation and nothing else.IMO NML know they are getting nothing from C9 they had no money so it was either change direction yet again or go bust.
Why havnt they told us about the equipment on c9 where is it?IMO it was C9 that would have taken this north and not another change of plan .
Where are they going to get the money to explore the pipes????Na this is a dud.

Takaha, Mjr1234.

You two must be rubbish at cludo.

>MJR1234

TFC is not an alias of mine. I only have two registrations with MoneyAM, Anomalous and Anomalous1. TFC is clearly French and you can tell by the way he insulted 'the English', when he is unaware that Mclellan/Takahe (another multiple Alias!) is actually a Kiwi (from New Zealand if he doesn't understand that reference).

I think he's summed it up pretty well. I haven't been posting about NML today, because I was laughing too much at the RNS!

You really do have to be gullible beyond words, to fall for this new license being worth anything. I noted that three of the regulars on the AD^FN BB, three of the bullish ones, were suddenly having doubts about what NML is getting itself into.

And well they might, because a new license like this is going to cost a bomb to explore. Sure it might have kimberlites, but you don't know if they are diamondiferous. There's little to suggest if they are. At least with Petra's kimberlites, they are in the general vicinity of known diamondiferous kimberlites. Even the chemistry suggests so. But with the new NML license, you have nothing to suggest that there is anything worthwhile there.

Do remember that out of every 100 kimberlites, only 10 are diamoniferous, 5 of these might contain economic quantities and 3 will be mined.

NML has 5 kimberlites, so on a rough estimate you have a one in four chance of having an economic diamondiferous pipe. However, life (and exploration) does not work like that. Seeing as these pipes are near the Lucapa corridor, but away from the most prospective zone, I would suggest that IMO your chances are far less. You would have had a much better chance in C9, but then the company screwed that up by trying to 'muscle' their way in on the kimberlite.

The news today suggests that the company will have to do several things. Firstly I would now expect them to be planning a consolidation in the near future. They'll need to raise more funding to pay for the aeromag and any drilling. It certainly isn't cheap. So they'll end up selling the new story to other 'punters' and mugs, in the hope that they will buy the new story, whilst forgetting about previous 'near misses' like the C9 alluvials. I wouldn't be surprised if they ended up being the Bucket Shop 'sell of the week' when they try to get rid of the new issues.

As for the Majors, you can forget about getting them to fund the exploration IMO. I spoke with an industry expert last week and he spoke with all of the majors regarding NML. They told him that they ran a mile when they were contacted by NML. Even though NML had a license in C9, they wanted nothing to do with them. I wonder why?!

Could it be that they sensed that this company were complete amateurs? A status that they earned by getting so close to generating revenue, after so many failed promises - only to then change direction and charge off chasing rainbows, which they had little hope of achieving, given that Endiama had asked Catoca onto the territory to explore on their behalf.

When are you going to wake up and realise that you are being fed the same tired story and excuses time and time again. Their current management has little experience of mining and is hardly suited to 'do the deal' and acquire a hot license. He may know his due dilligence, but if you gave him a bucket and spade, he'd probably try to build a sand castle - no foundations - rather than seek out signs of indicators and validate any claims. That's why NML need a geo-trained executive with a successful diamond pedigree.

All they have at the moment is one lame poodle!

Hows EPD doing today?

Don't talk about EPD! I topped up on them on Friday! Kiss of death...

No they have the mystery seller/s back too eagerly waiting to dump at 1.2p .
They are dumping in 500k lots the shares they bought them last week at 1.1p.lol.!

Anom..." spoke with an industry expert last week and he spoke with all of the majors regarding NML. They told him that they ran a mile when they were contacted by NML"...I think you should be very careful saying that sort of thing unless you are prepared to quote your source.

I don't have multiple aliases...I have my user name on ADVFN (mclellan)and my user name here (takahe) because I can't use mclellan here. Everyone knows that..it is no secret.

My source - a journalist, is well known and I doubt that he would mind being quoted. If anyone decided to take any action based on that statement, they would end up with more egg on their face as a consequence.

Analmouth
"an industry expert" or "journalist" - which? surely you can't believe them to be interchangeable expressions! one is paid to advise industry, the other is paid to sell newspapers.

why do you insist on telling us all what we know - and then insisting we understand it the way you do - what's it to you if our head is in a different place to yours - go and control someone else' thought processes - it's bad enough holding some worthless shares without you rabbiting on like you invented information - facts are interesting and useful, opinions expressed as unpleasantly as yours are not

>stockdog

Your problem is that you bought into a dog of a share and wouldn't listen to the warnings of others. The facts I stated last year - about the company misleading the shareholders are just as true today as they were then. The only difference is that then, the share price was 6p and now it is 1p.

If more people had listened to Andy and me, then they might have saved themselves a lot of time and effort, worrying about a share that is going nowhere. They might have been able to invest in a share that did appreciate in value, like Firestone. They still have the opportunity to get in on BDI Diamonds or European Diamonds whilst they are low and recoup some of their losses IMO. But it appears that for every successful investor, there are moaning minnies like yourself who will deny that anything is wrong until you have lost everything you invested. Even then, people like you always blame someone else, like the management or de-rampers, but refuse to take responsbility for their own mistakes.

I admit that I made the same mistake in investing in NML last year. I fell for the lies too. I was led on by the stories of instant success or multiples of value, if only we wait a few months longer. But as soon as I knew that I had been lied to, I shouted the warnings to everyone. I will continue to do so, because this has become more than just an academic interest. Someone has been committing a market abuse by repeatedly dumping millions of shares and I would like to know who that person is.

The journalist I spoke to, specialises in the mining industry and knows most of the key players in the business. He's privy to the gossip that is spoken at conferences and the stories that can not be repeated in the press. But he also knows a duff stock when he sees one and calls a spade, a spade. Apparently, he's not the only one, as there has been much said behind closed doors about NML.

Anom..it is daft to talk about EPD being good. It has done almost as badly as NML...and I know that for a fact , since I have both, although I don't have many EPD since I sold a lot of them in the 80's!

>takahe

What I have actually mentioned is that BMG and EPD are good opportunities at the moment. NOW. Rubstone rates them and it won't be long before csmyth has to pay that 10 to the NSPCC in my view. EPD has far more chance of going through 40p than NML going through 4p.

BMG is a good investment in my opinion, You should do some research on them. I don't hold BMG, but I do agree with their directors that they have the potential to get to 50p to 70p in the near future - if they keep producing diamonds of such high quality. FDI was a share I spotted last year and made quite a nice profit on as they rose from 47p to 150p. I wish I had kept them up to 190p, but I wanted to crystalise my gain. Pity, because it kept rising. It's still a good share and now seems almost chained to the movements of AFD.

There are plenty of good diamond plays out there, DYOR. But NML is not one of them IMO.

Anom...I guessed it is not your opinion..lol...but do remember that NML is on a licence near Catoca, of similar geology, with alluvial potential and kimberlite potential. They have not endeared themselves to their shareholders by their method of operation....nor have EPD (lots of dilutions and shattered sp and broken promises)...but that doesn't mean they will not succeed.

Agreed it's MY problem - butt out.

sd

Someone has just forked out 42K for 3.5million NML...

Buy of 3,500,000 @ 1.2p, they must know there are diamonds in the new Huamba licence.