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/

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.