Namibian Resources Plc was incorporated in January 2001 and achieved a listing on the AIM of the London Stock Exchange in March 2004.

The Company, which operates through its 100% owned subsidiary Sonnberg Diamonds (Namibia)(Pty) Limited, holds a contract from NAMDEB Diamond Corporation (Pty) Ltd for the prospecting and mining of diamonds within the Pomona concession in the Luderitz District of Namibia. The concession area covers an area of about 120 square km (12,000 ha), and the Company is authorised by NAMDEB to prospect and mine in certain defined areas within this concession.

Namibian Resources aims to use the funds raised from the listing to increase annual production from the current level of 2,900 carats/year to 7,500 carats and then on to 15,000 carats/year.

-------------------------------------------------------------------

Very difficult to find information on this company as they do not even have a home page, friends of mine feel the annual production levels are greatly under estimated and we could see a huge up side to this company before Christmas 2004. The new equipment they are using looks promising.



http://www.mining-investor.com/

http://www.infomine.com/index/companies/NAMIBIAN_RESOURCES_PLC.html

Do you have a subscription to this Aldwickk?

No sorry.

I bought these in June at 15p,so they have already had a good run.

hrfulleruk - I still think there is alot left in the tank on these as production gets going and perhaps new contracts get announced, just been reading an article from September (will post below), that has me thinking, I'm quite heavily invested in Petrel resources at the moment, but if PET comes off I shall be putting some of my profits into NBR, and hopefully soon,(not a ramp here have just started doing research on this company as it was brought to my attention by a good friend, shall continue to dig deeper in weeks to come, if anyone can add research negative or positive would like to hear it.

I like the part here where NBR are now fully financied, yet only have 34.5m shares in issue -

"It hopes to fix the problems at its plants by using the 2 mln stg it raised from its AIM listing in March.

"This will ensure that the group is now able to develop its very valuable diamond resource and take the group into profit. The group is now fully financed and has no external debt," said chairman Lord Sheppard."

Namibian Resources FY losses widen on plant breakdown
Last Updated: 24-August-2004 06.30 Related News

LONDON (AFX) - Namibian Resources PLC, a diamond miner in Namibia, reported widening losses in the full year due to further deterioration and consequent breakdowns of its plants.

In the year to end-February 2004, the group's pretax loss reached 331,891 stg as against 323,790 last time.

It hopes to fix the problems at its plants by using the 2 mln stg it raised from its AIM listing in March.

"This will ensure that the group is now able to develop its very valuable diamond resource and take the group into profit. The group is now fully financed and has no external debt," said chairman Lord Sheppard.

The group -- through unit Sonnberg Diamonds Pty Ltd -- holds a concession, known as Pomona 29, in Namibia which it is jointly developing with the Namibian government and De Beers.

The concession will expire in 2012.

Tokyo


http://www.diamondintelligence.com/Research_Materials_Full.asp?id=54127

NAMIBIAN DIAMOND RESOURCES GRANTED EXTENSION TO DIAMOND CONCESSION
September 01, 2004

Namibian Resources Plc, which is listed on the London Stock Exchanges Alternative Investment Market, has been granted an additional diamond-bearing resource immediately southwest of its existing 120 square kilometer Pomona concession in Namibia which it holds under a 10-year license from Namdeb, the joint venture between De Beers and the Namibian government.

A small part of this new area is already held by Namibian and contains the highest diamond grades and largest stones of all the known resources within the companys concession. The new area, Saltztal, measures 3.5 kilometers by about 100 meters and comprises a valley, the northernmost end of which terminates just inside the Pomona concession. The small block (300 meters by 50 meters) already held by Namibian ends in this valley within which a resource of 9,750 cubic meters has been previously identified and indicated at an average diamond grade of 0.44carat/cubic meter (4,200 carats contained) and an average stone size of 0.59 carats.

Via its Sonnberg Diamonds operating subsidiary, Namibian Resources is obliged to undertake an environmental impact assessment (EIA) on this small block in order to mine the diamond resource it contains. Under the agreement, Namdeb has granted the company the rights to the majority of the Saltztal area in return for Namibian extending its EIA from the small block to all of the Saltztal area. It is estimated that this will cost around US$7,000 and take approximately two to four weeks to complete.

Namibian estimates the diamonds in the small Saltztal block should realize a received value per carat of US$200-US$250. Mining should begin at the end of October, with a concurrent sampling program over the additional new ground to identify extensions of the known diamond-bearing resource.
This additional resource is potentially a very valuable addition to Sonnberg Diamonds concession. For illustrative purposes, on the basis of a 10-hour daily shift, the known resource in the small Saltztal block could generate a received value of between US$840,000 and US$1.05m within 18 days of the commencement of mining. We also hope that the sampling program will identify further economically interesting concentrations of diamonds in the central and southern parts of the valleys, says Tony Carlton, Chief Executive of Namibian Resources, who expects full production at Pomona by November following installation of new equipment and training.

A whole load of buys again today, I see this trading around the 70pence mark come early next year

Tokyo

I was wondering just how you were going to follow PET if it comes up with the goods!

Been watching the chart on this one for a while and I like what I see. Might have a little nibble myself.

RNS released today, the last part is of particular interest, if positive news is reported soon we could see a sharp increase in the SP as predicted a few posts back

"With our black empowerment group the company is negotiating for further diamond mining opportunities in Namibia and an announcement will be made as soon as any positive progress is made."

RNS below





Namibian Resources PLC
30 November 2004


NAMIBIAN RESOURCES PLC

INTERIM REPORT

FOR THE 6 MONTHS ENDED 31st AUGUST 2004


Chairman's Statement
Six months ended 31st August 2004


Following the company's admission to AIM on 6th March 2004 the complete
re-equipping of our alluvial diamond mining concession in Diamond Area no.1,
Pomona 29 Namibia has been achieved. The 10 ton per hour dense media separation
plant is in commission and staff are under training pending the granting of the
environmental impact assessment approval for wet screening. We shall continue
production at our temporary site on the coast in the northern area of our
concession. Production will continue there until the EIA is approved. The 100
ton per hour in field mobile screen and mobile DMS plant will be moved to the
higher grade and diamond size South West Area of the Saltztal part of our
concession. We anticipate that this will occur by the end of January 2005.

Diamond production has been maintained during this six months in line with the
same period last year despite disruption due to new infrastructure preparation,
delivery and erection and new security arrangements for the new production
facilities. We are confident that our recovery rate will now increase so that
we can achieve our target of 7500 carats or the monetary equivalent of US$100
per carat by the end of February 2005. A sampling programme will be carried out
ahead of our mining to confirm and update historic sampling results. A sampling
programme on unexplored areas will also be undertaken as soon as a positive
stable cash flow is achieved.

With our black empowerment group the company is negotiating for further diamond mining opportunities in Namibia and an announcement will be made as soon as any positive progress is made.



The RT. Hon Lord Sheppard of Didgemere K.C.V.O. KT
(Chairman)

30th November 2004

This share ticks up very nicely on such a small volume, imagine what it is going to do, when the results of this are announced

"With our black empowerment group the company is negotiating for further diamond mining opportunities in Namibia and an announcement will be made as soon as any positive progress is made."


Call me crazy, but 50+ pence by christmas is my call on this, although only IMHO

Tokyo

Up 16% already today, perhaps the Xmas projections need to go up, as we could see 50 pence ny next week at this rate, I shall be interested to know what deal they have struck with the black empowerment group.
Seem to be on here all alone, Are there no others holding this stock?

Tokyo

Yes

HI
Here is the Address & phone number of Namibian, if of any use.
Head Office:
302 HIGH STREET
CROYDON, SURREY, N/A
UNITED KINGDOM, CR0 1NG
tel 0208 726 0900
Telephoned for more info, financial reports and Home page address, if any etc, a Mr Garth (?)is to call back asap.
will post any news after call, including, I am told a website address.
Only time will tell.
good luck
AF

Hi
Just had a very interesting comversation with a Mr Garker (not Garth). No website, cost prohibitive and delivers nothing to share holders.
The future is bright at Namibian and the year end results (feb)could be very interesting and positive.
Very nice man and more than willing to talk about prospects in Namibia with a good knowledge on DE BEERS and their seabed exploration. Very kean to assure that the senior management have their share holders interest at heart and will never release news only to line their pockets.
confident was a word he used frequently.
All news will be listed normal channels and only normal channels. RNS etc

Sounds an excellent company and after this chat,I for one will increase my holdings.
AF

The word "confident" always worries me......
Having said that, I have some of these.

Tokyo have you bought NBR yet??

Yes I bought on the 22nd

just topped up with 3 x 10,000, very hard to get any sort of quote on anything over 10,000, had an order for 45,000 on Friday, but only 10,000 of it could be filled. (I've never had a partial fill on a stock before through com-direct)

end of the week shall tell me whether this was a good idea or not, there seem to be alot of buyers at the moment, but very few sellers. If they announce a new extension or a new contract soon, this share could rocket, not exactly in the same league as PET, but a nice jump nonetheless.

Tokyo

there is a rumour going around over on the other side that the MM's failed to fill an institual order on Friday and that is the reason for the price drop, be interesting to see if this week brings some big orders and explains the drop as buys are bigger than sells

http://www.tacyltd.com/Research_Materials_Full.asp?id=54545


RESEARCH MATERIALS
NAMIBIAN RESOURCES NEGOTIATING WITH BLACK EMPOWERMENT GROUP
December 01, 2004
Namibian Resources PLC is negotiating for further diamond mining opportunities in Namibia with a black empowerment group. Following the companys admission to AIM in March 2004 the complete re-equipping of our alluvial diamond mining concession in Diamond Area no.1, Pomona 29 Namibia has been achieved. The 10 ton per hour dense media separation plant is in commission and staff are under training pending the granting of the environmental impact assessment approval for wet screening. Production at a temporary site on the coast in the northern area of the concession is continuing until the Environmental impact Agreement is approved. The company anticipates that the 100 ton per hour in field mobile screen and mobile DMS plant will be moved to the higher grade and diamond size South West Area of the Saltztal part of the concession by the end of January 2005.Diamond production has been maintained during this six months in line with the same period last year despite disruption due to new infrastructure preparation, delivery and erection and new security arrangements for the new production facilities. We are confident that our recovery rate will now increase so that we can achieve our target of 7,500 carats or the monetary equivalent of US$100 per carat by the end of February 2005. A sampling program will be carried out ahead of our mining to confirm and update historic sampling results. A sampling program on unexplored areas will also be undertaken as soon as a positive stable cash flow is achieved, says Right Hon Lord Sheppard of Didgemere, Chairman of Namibian Resources.

Up from 27p to 41.5 in less than 3 weeks, I still think there is alot more to come from this little mining beauty.

Good positive RNS, and looks like there is more to come

Namibian Resources PLC
17 December 2004




NAMIBIAN RESOURCES PLC ('THE COMPANY')


NAMIBIAN RESOURCES CLEARED TO START MINING
ITS HIGH-GRADE SALTZTAL DIAMOND AREA



EIS Approval Allows Use Of New Wet Screening Equipment

Ready To Commence Full Production After Christmas Break


AIM-listed diamond miner Namibian Resources Plc, has received clearance from the
Namibian Authorities for its Environmental Impact Assessment completed over the
Saltztal area of its concession. This clearance is required to enable the
company to switch from dry to wet screening operations and means it can now
begin using its newly installed equipment for commercial diamond production.



The extension to the concession now includes the Eastern Saltztal where previous
sampling has indicated the presence of diamond-bearing gravels with an average
stone size of 0.7ct, significantly larger than in the rest of the company's
Pomona concession. A programme of further sampling will now be initiated to
verify this information.



Meanwhile, the company has commissioned its new mobile Dense Media Separation
(DMS) plant, and staff training will be completed by December 20, ahead of the
statutory shut down for the Christmas period. The Flowsort x-ray hands-off
diamond recovery unit has also been commissioned, and security cameras have been
installed.



The dams to supply clean water to the DMS plant and 100t/hour in-field mobile
screen are almost complete, and 1.4km of piping has been installed to enable
clear, filtered water to be pumped to these dams.



The company will be in a position to commence full production on January 17,
2005 when testing and commissioning of the in-field screen and water system will
be completed. It has, however, established a 35,000t stockpile of sized gravel
from the northern area of the resource and will begin processing this material
immediately after the Christmas break on January 14. This will continue until
the higher grade material from Saltzdal becomes available.



Namibian, via its Sonnberg Diamonds (Namibia) subsidiary, operates the Pomona
concession under licence from NAMDEB, the De Beers-Namibian Government joint
venture. The licence runs for 10 years from May 2002 with provision for a
further 10 year extension.



Negotiation over other areas are continuing with Ebony Diamonds Ltd, Namibian's
black empowerment group, and an announcement will be made as soon as there is
progress to report.



Further Info: Tony Carlton, Chief Executive,
Namibian Resources Plc. Tel: 020-8726-0900

Ron Marshman/John Greenhalgh,
City of London PR Limited. Tel: 020-7628-5518



DECEMBER 17, 2004


This information is provided by RNS
The company news service from the London Stock Exchange

50 pence already, and still we haven't received word on their talks with the black empowerment party. I said it last week, and I'll say it again, there is still alot more to come with NBR

IMHO

tokyo

I hope you are right . You mentioned this one on the PET thread a while back and bought in last week( wish I had when you first stated) even so look a great prospect. Need something to recover PET as i did not get in cheap and not out yet( not by choice)just cant bare myself to aprt with such a loss.

Willfagg - a point that hasn't been picked up on yet, is that the new area they have been granted is alot bigger(x26 I think) than the one, on which they based all their financial projections. I plan to call the company later today, and will report back what I find.

Tokyo

that would be good to hear, thanks.It looks a winner. currently reeling form massive (for me) losses in PET and YOO(although I hope this will recover shortly)So need something to lighten my darkness!

Have just had a really interesting conversation with Andrew Carlton of Namibian resources they guy is exteremly helpful and open to investors, we discussed dry Vs wet screening, and a whole host of other areas, I tried to jot down the information that he was giving, but it was coming so quickly and positively, I would suggest the best thing to do, would be to ring the company yourself as they are exteremly happy with how things are working out, and making new contacts relationships all the time in Namibia, as if the black empowerment group wasn't enough they are also talking with various other groups including the ladies empowerment group, a host of politicians, etc, it would seem that they are positioning themselves to become a real player in Namibia. Below are a couple of points from the conversation, but I would suggest calling yourself on 0208 726 0900. Mr Carlton also mentioned that additional information on NBR can be found on http://www.mining-investor.com/

1. Dry vs Wet screening

Within NBR's last RNS you will see they have been granted an extension, this is for the Saltztal block further in the south,which was first surveyed by Consolidated diamond mines company in 1929, but was thought to be impossible to mine as the area was too wet, within this area it is impossible to dry screen as the area is indeed too wet, and the screens just get blocked up. Wet screening will allow them to blast away the earth with water jets, and then screen the material through a wet screen and indentify any diamond material, which is then sent off to be sorted.

2. New Equipment

The DMS is a sort of mobile screening machine, it can sort through 100 tonnes of material, the material is then screened, gravel washed, and the diamond material separated as it fluoreces in the screens, this is then sent through many secure processes and end up in the sorting box where the final diamond material is removed.


There was so much more, but it is best just to jot down some questions and give NBR a call, they are very investor friendly, and very positive about their future, after today's conversation I'll be adding when funds allow.


Tokyo

Tokyo,

Any chance you could cut and paste the NBR symbol and the info from the Mining-investor link into the header here please?

Andy, it has been done

Another point I forgot to add from the phone call was that he mentioned all the equipment is in place and they are ready to go from January, not sure how long it will take for the institutes to get interested, but as this moves on such little volume, as soon as they start with the DMS and wet screening in January this is going to get very interesting. I have asked NBR to send me their prospectus, but if anyone has the Collins Stewart report, could you contact me via the private messenger

Tokyo

p.s he also mentioned that he would meet with Collins stewart later today, as they will up date that report soon

Hello Tokyo mate,
you are putting in a lot of good work here,as usual,this really does look very interesting. I`m hoping it will go back to 45p ish,then i`ll jump in, the thing i like is the market cap v price, so when any news(good) is put out it should really motor.
Dexter

Hi Tokyo,

Im with you on this one. I bought in yesterday. Pity there is no website but I am gonna trawl the net to see if there is anything else I can find. I will post it if I find anything. Good to see you too dexter.

wilbs

Tokyo,

Cheers, and thanks for the updates from the company.

I dipped my toe in yesterday, and once I have time to study NBR in more detail, I may well add again in the future.

I also hold, FDI, which is operating further down the coast in Namaqualand, S.Africa.

hi wilbs,
what`s your position on PET now?, i`m out at the moment( with some profit), just waiting to get back in.
NBR, as tokyo has researched, has fantastic potential, i will get in when i feel i have enough breathing space to get out if it drew a blank where investors were banking on it.
how`s sunny Diss ?
dexter

Hi dexter.

Sunny diss is cold & foggy diss at the moment. Ive been unfortunate thet I have to give up my job & am on the sick for a short time but it is great that I can do research & keep an eye on the shares all day where as before I was working from 6 till 6. As with PET, I sold half my holding at 130p so got some profit, im holding the rest to see what happens. Bought into sibr earlier today.

wilbs

Got sent some reports from NBR today will have a look at them tomorrow as it is a bit late tonight, will post the best bits from them if people are interested, the engineering report is 35 pages long, so not really something I can put on the BB, Dexter I'll send you a copy via e-mail.

Tokyo

Tokyo,

Cheers, look forward to that.

Morning Campers, just about to get started on these NBR reports.

will report back later, Here is the contents page, perhaps if you want to see certain parts just ask and I'll try a cut & paste, as the report is too big to post here.

Tokyo

CONTENTS.


Summary 4

1. Introduction 6
1.1 Project situation 6
1.2 Conceptual approach 6

2. Type and nature of diamond deposits in the concession 8
2.1 Type of deposits 8
2.2 Nature of deposits 8
2.3 Diamond content 10

3. Resource base 12
3.1 Current resource statement 12
3.2 Development potential 14

4. Mining 15
4.1 Introduction 15
4.2 Basic mining system 15
4.3 Bedrock surface cleaning 15
4.4 Equipment required 16
4.5 Tailings dumps 16
4.6 Stockpiles 17

5. Processing 18
5.1 Feed preparation 18
5.2 Diamond concentration 19
5.3 Diamond recovery 20
5.4 Equipment required 20

6. Security 22
6.1 Introduction 22
6.2 Regional security 22
6.3 Plant security 22
6.4 Costs 23

7. Water supply 24
7.1 Introduction 24
7.2 Plant operations 24
7.3 Human consumption 26

8. Prospecting and exploration 28
8.1 Deposits of interest 28
8.2 Sampling methods 28
8.3 Volumes to be sampled 29
8.4 Sample distribution 30
8.5 Sampling equipment 30
8.6 Processing 30
8.7 Costs 30

9. Environmental considerations 32
9.1 The general environment of the Pomona concession 32
9.2 Sonnbergs environmental responsibilities 33

10. Investment required for development 34
10.1 Investment required 34

References 35

morning tokyo,sorry afternoon
got the e-mail and attachment, but it would`nt open in outlook express, could you possibly send it again and i`ll try to open it in yahoo,
it should prove interesting reading.
cheers,
dexter

dexter - just sent it again

Here is the summary from the 1st report, bit busy today, so thought I'd post parts 1-5 of the report, so others can read it, probably won't be able to see graphs.

SUMMARY.


The present report presents a programme for the development of Sonnbergs Pomona concession where it is prospecting and mining for diamonds under contract to NAMDEB, the mining licence holder. Sonnbergs contract endures until April 2012 and contains a provision for an extension for a further 10 years after that date. Sonnberg has been mining in the Pomona concession since 1992 with an average annual output of around 2,900 ct.

The present development programme has a capital budget of approximately US$2.4 million (1.4 million) and is planned to raise the Sonnbergs annual output to around 100,000 m3 (180,000 t) per year, equivalent to a diamond production level of between 7,500 and 15,000 ct/yr, depending upon the order with which the identified diamond-bearing deposits are brought into production. It is anticipated that revenues will increase to between US$1.1 million and US$1.5 million per year.

An integral element of the development programme is that Sonnberg must vigorously pursue a prospecting programme. The objective is to quantify the diamond resources contained within the over 2 million m3 of known diamond-bearing material which cannot at present support an estimate of contained diamond resource. Wider exploration within the concession is also envisaged. Provision is made in the capital budget for the first two years of prospecting.

The diamond-bearing deposits in the Pomona concession occur within thin, sheet-like, loose, gravely sands resting in the bottom of a series of valleys. There is little or no overburden. Mining is therefore a relatively simple operation which can be carried out by a front-end-loader, occasionally assisted by a bulldozer. The generally low-gradient bedrock surface lends itself to cleaning either by sweeping or by scraping. Deposit transport is by 20-t articulated dump truck.

Hitherto most of Sonnbergs processing has been dry. However, not all deposits are amenable to dry screening and it is proposed that Sonnberg move to all-wet processing of material. This will lead to a much better particle separation on the screens and corresponding better diamond recovery. It is therefore necessary to provide a regular water supply. This is most capital- and operating-cost effectively done by establishing a pipeline to pump water from Jammerbucht to a reservoir at the watershed west of Pomona village at the head of Idatal. From there, water can be supplied by gravity feed through to the southern part of the concession where the greater part of the known diamond resources exist.

Diamond recovery, based on the use of Pleitz jigs, in Sonnbergs operations to date has been highly inefficient. It is proposed to move to the use of Dense Media Separation (DMS) technology, the standard in the wider diamond industry. Two 10 t/hr DMS units will provide the capacity for the envisaged rate of production. It is proposed to use two small units to provide greater flexibility in operations given the wide scatter of relatively small individual deposits in the concession. An increase in plant operating costs is compensated by reduced trucking costs.

Final diamond recovery will be by X-ray technology allied to diamond-picking in a glove box.

Sonnbergs operations come within the NAMDEB security umbrella which provides regional access control with the potential for searching using, where appropriate X-ray technology. Sonnberg also has its own security staff and all operations involving handling diamonds are covered by CCTV.

Sonnberg is contracted to adhere to NAMDEBs Environmental Management Programme which requires active environmental protection measures during operations as well as ground rehabilitation following completion of operations in any given part of the concession.


1. INTRODUCTION.


1.1 PROJECT SITUATION.

Sonnberg Diamonds (Pty) Ltd, a 100%-owned subsidiary of Namibian Resources plc, holds a contract to prospect and mine for diamonds in the 120-km2 Pomona concession, which is part of a larger mining licence held by the NAMDEB Diamond Mining Corporation (Pty). Sonnbergs contract endures until April 2012 and contains a provision for an extension for a further 10 years after that date. Sonnberg Diamonds and its predecessor company Sonnberg Diamante (Pty) Ltd, have been mining in the Pomona concession since 1992 with an average annual production of around 2,900 ct and a peak annual production of around 5,500 ct.

Namibian Resources wishes to invest in Sonnberg with a view to increasing diamond production and placing the operations on a technically superior basis. The objective of this report is to outline an appropriate method of mining and processing the diamond deposits in the Pomona area, due regard being given to the terms and conditions of the contract with NAMDEB.


1.2 CONCEPTUAL APPROACH.

Diamond production from the Pomona concession is a relatively simple operation. However, there are many ways in which it can be carried out in the context of a small mine all of which have various advantages and disadvantages. Based on knowledge of the deposits, Sonnbergs operations to date, and prior experience elsewhere, the following concepts have been applied in outlining the programme for the development of the concession.

Redundancy in equipment provision. Sonnbergs operations in the past have been greatly hindered by the break-down of single pieces of equipment which occur at critical links in the production chain. Such breakdowns are always likely in the context of a small mine operating in a harsh environment. To the greatest reasonable extent possible, a degree of redundancy should be designed into the provision of equipment as well as the mine plan itself. Thus, for example, rather than purchase a single 30-t haulage truck, it may be better to purchase, say, two 15-t trucks. This will increase capital expenditure but at the long-term gain of more uniform production.

More than one working face. Mining in the Pomona concession is characterised by a large number of relatively small mining areas (including former dumps) each of which has a distinct character in terms of diamond grade and value. Production, both in terms of caratage and revenue, can therefore vary very substantially from time to time even if the volume of material being processed is uniform. In such circumstances it is good practice to source production from a number of areas at the same time, thus reducing overall variability in revenue. Such an approach leads to easier overall management of the mine. It is therefore considered that Sonnberg should plan to have three or four areas in production at any one time.

Make of equipment. Currently Sonnberg, through inheritance and occasional purchase, has a range of different makes of equipment Caterpillar, Bell, Fiat-Hitachi, etc. It will represent a significant saving in spare part and maintenance costs to use a single make of equipment, to the greatest extent possible. Therefore over a period of time, through necessary new purchases, Sonnberg should begin to consolidate its equipment on a chosen limited number of makes.

Wet vs dry processing. The current Sonnberg processing plant is essentially dry with the exception of the final concentrate production in the Pleitz jigs. Dry processing of gravels is typically more inefficient that wet processing and results in a much poorer diamond recovery. Certain of the diamond-bearing material in the concession is also damp and tends to blind dry screens. In the past this material was treated by Sonnberg using a diamond pan plant. Overall, there are clear advantages to Sonnberg in establishing a wet process plant.

Stockpiles. Running of a plant at or near its capacity on a small mine is made much easier where a stockpile or stockpiles are operated at the plant. This means that down-time in mining or haulage does not have the immediate effect of bringing production to a stand-still. Similarly mining can still proceed during down-time at a plant. Stockpiles for each mining area in production should therefore be established in the immediate vicinity of the plant.

Realism in the capacity of a small mine. For a range of reasons small mines productivity is normally less than in large mines. It is therefore necessary to be realistic as to the likely rate of working at a small mine. The present programme therefore has been designed so as not to attempt to make maximum utilisation of either time or equipment.

2. TYPE AND NATURE OF DIAMOND DEPOSITS IN CONCESSION.


2.1 TYPE OF DEPOSITS.

The geological occurrence of the diamond deposits present within the Pomona concession has been described previously (Sutherland, 2003). In summary, diamonds are known to be present in the following types of deposits.

Untouched original in-place deposits;

Areas previously mined but where there is a thin veneer of material resting on bedrock which requires mining by bedrock sweeping or scraping;

Areas previously mined that are covered by the waste material left following dry field screening of the original deposit;

Tailings dumps.

Table 1 summarises the volumes of diamond-bearing material that are presently estimated to be in each type of deposit. A more detailed breakdown of their estimated diamond content is given in Sutherland (2003) and a summary is included in Section 3 of this report.

Table 1: Volumes of diamond-bearing material identified in the Pomona concession.

Type of deposit Volume(m3)

In-place deposits 630,000
Bedrock sweeping deposits 36,000
Previously mined areas (resampled) 36,000
Previously mined areas (unsampled) 1,166,000 1,273,000
Tailings dumps 743,000

Total 2,611,000 2,718,000


2.2 NATURE OF THE DEPOSITS.

The undisturbed diamond deposits in the Pomona concession almost everywhere consist of a loose gravely sand resting directly on the valley-bottom bedrock surface. In certain valleys there are carbonate-cemented horizons within the diamond-bearing sediments. In valleys that have been previously mined, the diamond-bearing material consists of waste from in situ dry sieving whereby the over- (+8 mm) and under-size (-1.6 mm) material rests on the valley floor in a series of small, roughly conical mounds. These mounds consist of loose, gravely sand or sandy gravel. From the point of view of mining, there is little to distinguish such material from the undisturbed deposits.

2.2.1 Sediments.

No significant overburden occurs and the full thickness of sediment resting on bedrock is targeted for excavation. In certain locations it may be advantageous to bulldoze the upper approximately 10 cm of sandy material, particularly where it consists of small dunes gathered around vegetation tussocks. This both removes an essentially barren layer of mobile fine to medium sand and reduces the amount of vegetation passed to the screening plants. Where abundant such vegetation can reduce the effectiveness of the screening process.

The deposits are essentially thin sheets whose dimensions in plan are one to two orders of magnitude greater than their thickness. Average deposit thicknesses range from less than 5 cm to a maximum of 1.27 m. Maximum deposit thickness ranges up to around 2.5 m but thicknesses over 1.5 m are quite localised. Figure 1 shows the frequency of the average and maximum sediment thicknesses for the deposits identified as containing diamond resources in Sutherland (2003).

Figure 1: Histograms of average and maximum sediment thickness in the diamond bearing deposits of the Pomona concession.


2.2.2 Bedrock surface

The nature of the bedrock surfaces on which the deposits rest largely reflects the lithology and structure of the underlying rocks which can be categorised as three principal types (Sutherland, 2003) granite gneisses, clastic metasediments and chemical metasediments. Much less frequent are the occasional igneous intrusions encountered although these can present locally sharp relief features. Weathering-resistant silicified sediments are also occasionally present on the tops of a number of hills. Such flat-topped hills can be a prominent part of the local scenery but have only a minor relationship to the diamond deposits.

Three broad hardness characteristics for the bedrock can be identified and these are related to the bedrock lithologies (Table 2).

Table 2: Relationship between exposed bedrock hardness and bedrock lithology.

Hard, unweathered to lightly weathered Firm, weathered Soft, decomposed
Granite gneiss Yes Yes
Clastic metasediments Yes Yes
Chemical metasediments Yes


Underlying the deposits on the valley floors the bedrock relief is generally gentle. Locally, however, moderate to high relief elements occur. The higher relief elements, which may locally acts as traps for diamonds and also pose difficulties for excavation are a consequence of the following factors (Table 3).

Table 3: Causes of higher relief elements in different rock types in the Pomona concession.

Cause of relief elements Granite gneiss Clastic metsediments Chemical metasediments

Differential weathering of joints Yes
Differential erosion or weathering of strata Yes Yes
Differential erosion of intrusive rocks Yes Yes Yes
Fluvial erosion of bedrock (minor and moderate sized channels) Yes Yes
Aeolian erosion of bedrock Yes Yes Yes


The distribution of the various bedrock relief elements has not been systematically mapped in the concession. However, it may be stated that the relief elements caused by intrusive rocks and both fluvial and aeolian erosion are essentially local. The differential weathering of the joints in the granite gneisses appears to form areas with dimensions of some tens of metres of higher relief. Erosion or weathering of strata, particularly in the areas underlain by clastic metasediments can, however, be areally extensive. Such bedrock relief is widely found, for example through Hexenkessel. In such areas it creates a significant difficulty to mining and ensuring that the bedrock surface is cleared of all diamond-bearing material.


2.3 DIAMOND CONTENT.

The Pomona area was made famous by the diamond concentrations on the ground surface from which diamonds were picked up by hand. However, the remaining deposits are much lower in grade and have diamonds distributed throughout the greater part of the thickness of sediment present. There is some evidence for diamond distribution within the deposits being affected by the specific processes such as ephemeral stream activities or aeolian activity by which the deposits were formed or modified. However, the typically very thin sediments militate against any attempt to selectively mine the deposits in a vertical sense. Deposits are sub-divided in plan, but in almost all areas encountered the full thickness of sediment present must be regarded as diamond-bearing from a practical mining point of view.

3. RESOURCE BASE.


3.1 CURRENT RESOURCE STATEMENT

The diamond resources identified in the Pomona concession (Sutherland, 2003) have been summarized in Table 4.

Table 4: Classification of identified diamond resources in the Pomona concession.

Resource category Volume(m3) Grade*(ct/m3) Diamond resource*(ct)

Measured 0 0 0
Indicated 666,200 0.053 35,500
Inferred 428,200 0.064 27,550
* Based on minimum screen size of ca. 1.6 mm.


The resources identified in Table 4 relate to 45 separate deposits or sections of deposits, the details of which can be found in Sutherland (2003). Figures 2 to 4 shows the distribution of the deposits within the concession according to volume, contained carats and contained value.


Figure 2: Distribution of identified deposits scaled according to volume (m3).


Figure 3: Distribution of identified deposits scaled according to contained resources (ct).



Figure 4: Distribution of identified deposits scaled according to contained estimated value (US$).

Examination of Figures 2 to 4 reveals that the identified deposits occur throughout the west and central part of the concession. As noted elsewhere (Sutherland 2003), this partially reflects the original occurrence of the diamonds but also reflects the lower level of exploration in the eastern portion of the concession. There is a concentration of identified deposits in the southern part of the concession which is most notable in the contained diamond resources but is also where the bulk of the contained value resides.

The resources in Table 4 have been categorized in accord with the SAMREC Code. In such a formal scheme it is not possible to incorporate the large volumes of probably diamond-bearing ground that exist within the concession but for which there are no actual sampling results. Notable among this type of ground are the more than 1 million m3 of waste deposits in previously mined areas and the 120,000 m3 of material in the PDG/CDM tailings dumps (excluding the Kaukausibtal dump which is assessed as an inferred resource). It is known on the basis of analogy with similar deposits in the concession that both these types of material contain diamonds but in the absence of direct sampling information it is not possible to place any form of estimate as to their diamond content.


3.2 DEVELOPMENT POTENTIAL

There is substantial potential for Sonnberg to increase the formally stated diamond resources in the concession. Such an increase can come from sampling of the probably diamond-bearing deposits mentioned in the previous paragraph. It is also likely that exploration in areas that have hitherto only been lightly sampled or not sampled at all will result in the discovery of additional diamond resources. It will therefore be necessary for Sonnberg to carry out a prospecting programme in order better to quantify the inferred resources and to permit estimation of the diamond resources that are likely to exist in the other deposits (see Section 8).









4. MINING.


4.1 INTRODUCTION.

The deposits to be mined are thin sheets of gravely sand generally resting on a firm bedrock surface. No overburden occurs in any of the identified mining areas. Surface vegetation consists of isolated tussocks of grass and other plants around which loose, wind-blown sand may have accumulated.

Typically, the whole thickness of loose material above the bedrock contact is to be mined. Locally it may be advantageous to bulldoze the surface vegetation as this can bind on screens and result in slower processing. In general, however, this is not a major problem and cannot be usefully practiced where the deposit it too thin.


4.2 BASIC MINING SYSTEM.

The basic mining system practised by Sonnberg is either to excavate directly from a working face by a front-end loader or to use a bulldozer to push the deposit into windrows which can then be excavated by front-end loader. The choice between the two is a practical function of the thickness of deposit and the overall geometry of the mining area. Generally, the bedrock is sufficiently resistant that little of it is excavated in this approach, hence limiting dilution. Locally, however, there are certain areas where decomposed bedrock underlies the mining horizon and care must be taken in such areas to avoid overmining.

Mining block preparation is minimal, requiring only the limits of the area to be mined to be identified on the ground and an access track to be bulldozed to the site.

The excavated material is removed from the mine site to the processing plant by dump trucks. For the majority of the period of its operations, Sonnberg has transported the all the mined material from the mining block to the processing plant. More recently, it has deployed a field screening plant, with on the 8+1.6 mm size fraction being transported to the processing plant. This reduces the amount of material being hauled to between 10% and 30% of the original mass, thus significantly reducing haulage costs. There are no additional screening costs, but there is additional material handing by the front-end loader at the mining block. To date, this additional material handling at the mine site has been within the capacity of a single front-end loader being used both to feed the field screening plant from the working face, to load the dump trucks with sized product and to stack the rejects from the screening plant.


4.3 BEDROCK SURFACE CLEANING.

In the past, Sonnbergs mining practice has been rather poor and significant thicknesses of deposit have been left as a thin layer resting on bedrock. This material is diamond-bearing and should be mined (Sutherland, 2003). More recently, this has been done by Sonnberg using either a bulldozer carefully to scrape the bedrock surface or a heavy-duty street sweeper (Moro 4200) to brush the surface.

The Moro has proved itself to be very effective in cleaning hard, low-relief bedrock surfaces of material that is essentially dry. Where bedrock irregularities occur, however, the Moro does not have sufficient ground clearance. In addition, damp material tends to clog in the suction system which must be cleaned out with consequent down time. There are therefore certain sections in which the Moro cannot therefore work. In such areas it is necessary to use a bulldozer to scrape the bedrock surface clear.


4.4 EQUIPMENT REQUIRED.

On the basis of the mining system outlined above the equipment requirement is summarised in Table 5.

Table 5: Equipment required for a single mining block.

Equipment Capacity Use

Bulldozer D6-D8 Block access; possible removal of surface vegetation; possible production of windrows; possible bedrock scraping.
FEL 2 m3 bucket Mining from face or from windrows; possible feeding field screening plant; loading dump trucks with screened product; redistributing screening plant rejects.
Dump truck(s) 20t Transport of deposit to processing plant
Moro? Possible final bedrock sweeping.


On the assumption that the maximum distance from a process plant that material will be sourced is 2 km, a truck cycle of load transport dump return to working face is considered to be 40 minutes. A 20 t truck will therefore have a transport capacity of 30 t/hr. The required rate of feed to one of the DMS plants is 40 t/hr, hence each mining team for a DMS plant will require the availability of two 20-t trucks.


4.5 TAILINGS DUMPS.

There are ten tailings dumps aggregating over 500,000 m3 of diamond-bearing material in the Pomona concession. Their sizes range from 14,000 m3 to almost 115,000 m3. The diamond content and process characteristics of these dumps requires sampling in order to determine the extent of diamond resources contained within them. However, at the estimated rate of working, a single 10t/hr DMS plant will have sufficient material in each dump for a minimum of several months work up to a possible two years work in the largest, should all the material justify reprocessing.

In such circumstances it will be operationally advisable to establish the DMS plant in close proximity to the dump being treated and a very simple mining system using a FEL to load a conveyor feeding directly to the diamond recovery plant will be possible. Such a system will significantly lower operating costs by removing the costs of trucking. Implementation of such a system will, however be dependent upon sampling results from the dumps.


4.6 STOCKPILES.

There are a number of advantages to operating a stockpile system at the diamond recovery plants.

Modulation of the flow of material to the plant, reducing the interdependence of the mining and processing aspects of diamond production. This will ensure less down time in the whole operation.

Allows the mining teams, during a relatively short period of time, to supply the plant with material from more than a single mining face. This leads to more uniform production in terms of both the quantity and quality of diamond being produced.

Permits material from the sampling programme to be integrated into the processing schedule at the plant and hence obviates the need for a separate diamond processing plant for the exploration and prospecting team.

For these reasons Sonnberg should establish clearly demarcated stockpile areas adjacent to the process plants and ensure that stockpiles are built up in advance for the start of processing material from any given deposit.

5. PROCESSING.


5.1 FEED PREPARATION.

The Sonnberg contract states that Sonnberg must process the 8 +1.6 mm fraction of the material mined. On the basis of historical reference and measurements by Sonnberg, approximately 20-25% of the in-place deposit falls within this size range.

The majority of the deposits encountered in the concession are essentially dry. However, in a number of areas in basinal sections of valleys where salt pans exist or where water may pond following rare heavy rainfall events the deposits may be damp and/or have a higher clay content which tends to retain moisture derived from mists and fogs. Such deposits are encountered, inter alia, in Idatal (particularly in the south), lower Scheibetal and Saltztal. Coincidentally, many of the areas where such deposits are found also have above-average diamond sizes and hence correspond with some of the high value deposits.

Dry screening of the majority of the dry deposits is feasible and has been carried out by Sonnberg for much of its work. Periods of rain, however, can result in disruption to production as the damp sand and gravel tends to blind the screens. In normal conditions it may take 1-2 days for the ground to dry out sufficiently for production to restart.

Dry screening, however, cannot effectively be applied to damp ground. A notable demonstration of this is the prospecting results from the high-value Salztal deposit. Initial prospecting by the Deutsch Diamanten Gesellschaft in 1917 recovered 0.016 diamonds per m2 sampled with an average size of 0.32 ct/st. This deposit was re-sampled by CDM in 1956 because the material within the salt pan is damp and treatment of such ground is known to have been problematical to the German prospectors (Corbett, 1986). CDM recovered 0.06 diamonds per m2 sampled with an average size of 0.59 ct/st. The initial prospecting did not seem to indicate the presence of an economic deposit, the re-prospecting demonstrated the presence of a highly attractive one with three times the diamond frequency and almost twice the stone size.

Wet processing of gravels from certain parts of the concession is therefore obligatory. For the remaining parts of the concession it is preferable given that wet screening is normally more efficient in providing good particle discrimination than dry screening.

The prime reason that Sonnberg has preferred dry screening is that the deposits they have been treating have been several kilometres from the coast and they have not been able to invest sufficiently to ensure a regular water supply of sufficient volume to permit all-wet processing. This issue is discussed in Section xx where it is concluded that the installation of a pipeline to feed process plants along Idatal and in southern Hexenkessel and Scheibetal is quite feasible with relatively modest capital investment.

It is therefore considered that it is preferable for Sonnberg to move to all-wet screening of deposits.



5.2 DIAMOND CONCENTRATION.

There are three basic approaches to diamond recovery that may be considered for Sonnbergs operations.

Diamond pan. A diamond pan has a good capital cost to throughput ratio. However, pans are relatively inefficient for diamond recovery, particularly for smaller diamonds that make up a significant part of Sonnbergs resources. Because certain types of deposit cannot be treated effectively by dry screening, Sonnberg used a pan plant when working in lower Idatal. However, this did not function very efficiently as indicated by the diamond content of the resulting tailings dump.

Jigs. Currently Sonnberg has a small plant based around a batch of Pleitz jigs. These have very low capital cost but very limited throughput. Moreover, unless operated carefully (which argues against their use in production situations) they are inefficient at diamond recovery. It is known that at times in the past Sonnberg appears to have been losing as much as 40% and possibly over 50% of the original, recoverable diamonds from certain of their small-stone deposits. In addition to their low capital cost, a major advantage of a Pleitz jig is that it has a very low water requirement. It is possible to adopt a larger type of jig (such as the Dobson) where there is continuous feed. Such jigs, with appropriate handling, are significantly more efficient in diamond recovery than are Pleitz jigs. However, they also require a much greater water supply, which is their principal restriction on use in an environment such as the Pomona concession.

Dense media separation (DMS). DMS units are the norm for all industrial-scale diamond mining operations. They have been established as the most efficient means of diamond recovery, irrespective of diamond size. They also lend themselves to closed-circuit working with additional security benefits.

Of the three possible systems, DMS is undoubtedly most appropriate as, properly operated, it gives the highest rates of diamond recoveries across the full range of diamond sizes.

On the basis of the currently known resources, a production rate of approximately 100,000 m3 (180,000 t) per year would appear realistic for Sonnberg. With an effective 2,400 hours of operation in a year, such a rate of production could be attained by a 20t/hr DMS unit. However, it is considered that two 10 t/hr DMS units would be preferable. This is because two plants would give:

Greater flexibility in operations. The two units can be placed rather closer to individual deposits or groups of deposits, hence reducing overall trucking distances.

Redundancy in equipment provision. With two units there is a much lower possibility of a complete loss of production due to plant down-time.

Increased numbers of blocks in production at once. By locating the units in different parts of the concession, it is more economical to have a number of deposits in production at the same time. With, say, each plant being fed from two separate deposits, four mining faces could be in production simultaneously.

Each DMS unit can be trailer or skid mounted in order to facilitate transport.

Progressive introduction of each unit is preferable from a management point of view.


5.3 DIAMOND RECOVERY.

Currently, Sonnberg recovers its diamonds by open hand-picking from the concentrate produced from the Pleitz jigs. It is contracted to move to a hands-off form of final diamond recovery. In practice this implies the use of an X-ray system of diamond selection from a concentrate feed followed by diamond picking within a sealed glove box.

Use of a Flowsort X-ray diamond separation machine, adapted for use with a sea-water supply is appropriate. The size range of the feed is 8+1.6 mm and a single Flowsort machine is capable of handling this. The capacity of a single machine for the type of material being processed in the Pomona concession is likely to be in the range of 500-1000 kg/hr of concentrate from a DMS. Such a machine has a relatively low power requirement of 3 kVa. A water supply of approximately 15 l/min (900 l/hr) is required.

No direct figures are available for the weight of concentrate from the Pomona deposit, although for the greater portion of the concession, the concentrate is very light. In certain areas a heavier concentrate is observed where there are outcrops of gossanised bedrock. From experience elsewhere, the rate of DMS concentrate production from alluvial deposits with a light concentrate is in the region of 0.5-1.0 kg/100 m3 run-of-mine plant feed. Sonnbergs current planned run-of mine rate of production is 44 m3/hr which would imply a rate of DMS concentrate production of 22-44 kg/hr. This is well within the capacity of a single Flowsort machine.

Product from the X-ray machine should initially be collected in a sealed bin the contents of which can be fed into a glove box for separation of diamonds (which should be placed in a locked container and the remainder of the concentrate which should be placed in a separate, locked container for re-cycling through the X-ray machine.

Use of a single Flowsort machine but two DMS units means that the final diamond recovery site will be located away from one or both of the DMS units.


5.4 EQUIPMENT REQUIRED.

The equipment required for each diamond recovery plant is as follows (Table 6).

Table 6: Equipment required for each diamond recovery plant.

Equipment Capacity Use

DMS unit 10 t/hr Production of diamond-bearing concentrate
Feed preparation unit 40 t/hr Reduction of plant feed to 8+1.6 mm DMS feed
FEL 2 m3 bucket Loading plant, distributing tailings
Generator 75 KVa Power source
Pick up Service plant


In addition to the above, a single Flowsort unit, model XR 2/19W SEA will be required.

Well Tokyo and Dexter now that I have sorted out the emotional dumping process of PET and looked into this with the past posts, I can't resist puting a small amount in and see what happens. Hope you both have a good festive drink and take care. Got loads of fingers crossed that things go well,

watcher

thanks watcher,
i`m debating whether to put a smallish amount in, reading the report that tokyo posted it does seem relatively straightforward compared to PET. tokyo does put in some excellent research.
are you signing off now for the christmas period?, if you are have a good one.
dexter

Welcome to the NBR club Watcher, thankfully this one is a lot less risker than the previous one. Will try to get through these reports in the next couple of days and report back anything of interest
even got sent another one today
Tokyo

Tokyo,
You should have mail!,
dexter

just skimmed over the reports and things look like the NBR are forward planning which means growth to me. It is nice to be in a club that knows the PET history and what can go on (wrong or right) I still have a small holding. My PC is on upto friday, when I shall pop (race) out and get the misses her christmas present. I will take her out christmas eve, for lunch with some mates to talk over the year. Many PET fan's are planning to get together maybe NBR future fans. We wish you both a calm festive break and obviously a prosperous new year.

watcher ps. if all goes well my xmas bonus goes into NBR in jan.

Well gentlemen, don't want you to think I'm stalking you 'round the bb, but I've joined you in this one as well. Shame about the result across the way, but thems the breaks...appreciate all the work and research you guys put into the thread.
I like the look of this one and Jan isn't long to wait before the work begins. Maybe we can't win them all, but we can certainly win quite a few!

Its nice to see a few familiar names on this one. Has anyone got an sp as to what it may goto in mind? I think I may reduce my PET holding again and do a Toyko and topup.

wilbs

Wilbs I have a target price of 100-120 pence, and this time I shall not be greedy and let it run, I'll be coming out with profits and top slicing this one.

Tokyo

Hi Tokyo.

I think we all learned from PET. I was glad I top sliced and came away with a profit but I was reluctant to as greed took over and I wanted to make more money. Im gonna sell the rest of PET today as my belief in them has somewat dropped. Their future looks ok but I can make elsewhere. Gonna topup here & sey.
Are the markets open tomorrow?

wilbs

markets are open until 12.30 tomorrow

LSE Timetable
23 Dec Normal
24 Dec Close 12:30
25 Dec Closed
26 Dec Closed
27 Dec Closed
28 Dec Closed
29 Dec Normal
30 Dec Normal
31 Dec Close 12:30
1 Jan Closed
2 Jan Closed
3 Jan Closed
4 Jan Normal

Thanks Toyko

Guess I should of looked on the LSE website.

wilbs

looking at that timetable. it's gonna be a real race to get out to buy something special for the wife and have lunch by 1.30 christmas eve. But us men do like a challenge.

watcher

Probably a small drop today, as a few people top up with PET shares, I had too sell half my holding here to top up over at PET, afraid the 70,000 sell was mine, but after PET I shall be buying it back, and hopefully a few more. SWALF is across the road hinting at very good news for PET around the corner, and well the guy has not been wrong yet

Bubbling along nicely Tokyo. Welcome on board to recent converts. Good work again Tokyo. As you know I got in shortly after you.
Anyone on here do any forex trading? I know it's off-topic, but just wondered if any of you wise old heads know the best way to go about it. Been doing a lot of research into how to go about it, and it seems to me that spreadbetting is the best way to do it; no tax or commission. What's the catch?? Also the tightest spreads I can find are with deal4free.com; 3 points with EUR/GBP for example. Only problem is their demo software is a pain to use compared to GFTforex.com's which is a delight, but isn't a spreadbetting dealer unfortunately. Any comments appreciated.

happy new year all.

good report in the times today, 'sparkling effect from aim listed explorers.' NBR mentioned in the artical in respect that explorers are stepping up the hunt for new diamond sources, bouyed by a rapid increase in prices. James Picton a mining analyst at WH Ireland the stock broker has forecast rough diamond demand to increase by 3 bil dollars by 2012.

watcher

watcher,

The link to the article you refer to is below.


http://business.timesonline.co.uk/article/0,,9072-1424514,00.html

I found this comment on the City Equities website.


Saturdays Daily Express reported on Namibian Resources (NBR.L) receiving the green light from the Namibian Government to use its new equipment for commercial production at its diamond project. The shares were up by 4.50p to 50p

Nice rise today....where is everyone?

sandrews64,

just logged in as under the weather today, nice rise here and FDI!

just wish we could find more news about NBR, not much on the web.

Hi Guys I am here & watching with a quiet smile. I am unsure as to why the rise but am guessing an RNS will be forthcoming tomorrow. Its difficult to predict what level this will rise to before settling again.

remember that drilling is set to start next week, which could explain the rise today, as people are buying back in before any forecoming news

Cheers Tokyo

Chris

Have been talking to a few friends about PET, and have decided to move my cash across there, for a longer term investment at these prices, so out of NBR at the moment.

good luck to those still holding

what do yoor friends reckon with PET (long term)?? BTW, I still hold PET

Hampi - they like myself are VERY bullish

Namibian Resources PLC
18 January 2005

Namibian Resources plc ('the Company')

Application has been made to London Stock Exchange for a total of 2000,000
Ordinary shares of 10p each to trade on the Alternative Investment Market.


The shares have been issued in connection with exercises of share options and
rank pari passu with the existing class of Ordinary 10p shares.


This information is provided by RNS
The company news service from the London Stock Exchange

would it be fair to say this could slow down the bullish approach or are the funds raised, going to send NBR straight into full production and thus a rising sp. any thoughts gratefully considered

watcher

Can't be bad eh!



Namibian Resources PLC
18 January 2005



Namibian Resources Plc


The company was today informed that Directors purchased ordinary shares in the
company as follows:

(1) Mr Tony Carlton has today purchased 20,000 ordinary shares at a price of
46p increasing his beneficial shareholding in the company to 1,020,000
ordinary shares.

(2) Mr Oliver Plummer has today purchased 20,000 ordinary shares at a price of
46p increasing his beneficial shareholding in the company to 356,497
ordinary shares.


This information is provided by RNS
The company news service from the London Stock Exchange




wilbs

Drilling now started, positive news will follow soon.

Cant wait!!

themaster / all,

where did you obtain that info please?

Any links would be appreciated, and you can use the message facility here if you don't want to post on the BB.

TIA,


Andy.

Local source told me that the mine was fully operational, far more diamonds will be produced then previously stated for year, news will flow very soon. All of you that held on to your shares during the recent drop in SP will be rewarded!

TheMaster,

Hope so!

Frustrating that we can't find any news about NMR, would be grateful for any links you may have.

Financial director buys 100,000 shares, as company seeks to take over the other diamond mines in the same area.

afternoon master, thanks for the info a second top up is looming for me if you can add more info to the above...

just caught up with the situation silly me, ignore the above and thanks

What do you think of the lead article in Newsweek dated 14th February that scientists can now make absolutely perfect diamonds? Surely when this sinks in the diamond companies will bomb.

Hi All
With regard to the previous post 80 and synthetic diamonds.
In a telephone conversation with Namibian, about November time, I raised this very issue,I was quickly assured that the perfect diamond is not what they want. they only desire the im-perfect billion year old stone and they will never be out-of-fashion, any and all diamonds coming out of the ground have a home waiting at DE BEERS. Evidently for now and always.
The explaination was a lot more detailed than that but i was convinced.

Their results should be out within six weeks, look promising.

Good Luck

Drop to 25p-30p before rise again.Buy loads when it gets there.

Scottie7
Should results have been out by now?

Yes.......Expect them any day. At least it was what I was told back in Novemeber "six weeks after financial year end (third week in February) FINALS will be published".

It would'nt surprise me if Monday is the Day, but optomistic for next weeks. Possible after the 5th April.

Alan

Alan,

Deafening silence from NBR does not help their cause IMHO.

I spoke to WCWB a couple of weeks ago, and a lady said that all the machinery "was now working ok after some initial problems" (which is to be expected IMHO) and that production had started.

It's disappointing, therefore, to have no official update.

anything happening with this share is it worth a little dabble? anyone with any comments/info please.`

This has been in a downtrend for the past 2 years but the price is within a couple of pence from its all time low and forming a double bottom.The interims showed they had moved into profit and now looks a good time to buy at 16 p.

hrf it was not a good time to buy but hindsight is a wonderfull thing.anyhow things may be changing. i did hold this share and lost 50% b4 i gave up on it & sold out but still not all trades are winners. Still like this share it was always a specuative buy & when a profit was announced it should have headed north for a while but as we know it wasnt to be. Might be time to buy back in?? for now waiting to see start of up trend. good luck to all who stuck with it

Not always easy to find the bottom but the directors still retain large holdings so this should get going one day.I believe the Chairman,Lord Shepperd,was a director of Grand Metropolitan.I doubt he would want to tarnish his reputation in the city.

Company has advised that production set to double, now that the floods have dried up. They have started mining again during November and the sp should go back up to 50p.

Looks like the directors buying one million at 10p on 2nd November marked the bottom for this.50p would be nice.

"I doubt he would want to tarnish his reputation in the city." and what reputation is that HF?

A good one,having been chairman of McBride and Grand Metropolitan Hotels,both of which did well.