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.

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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/

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.