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/

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.