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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Namibian Res | LSE:NBR | London | Ordinary Share | GB0034380625 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.325 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 0.325 | GBX |
Namibian Resources (NBR) Share Charts1 Year Namibian Resources Chart |
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1 Month Namibian Resources Chart |
Intraday Namibian Resources Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 17/7/2015 | 10:14 | 6X RETURN IN 12 MONTHS | 2,674 |
| 25/10/2011 | 13:03 | Nanocap Diamond Play!! | 113 |
| 10/12/2005 | 18:14 | Namibian Resources. IPO/Diamond Producer | 117 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
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Posted at 20/3/2015 18:03 by meson I am in a similar position to you - long time, large holding.However I adopt the approach of 'in for a penny, in for a pound' and am going to see this through to the end. After all my big losses have been made and any further losses are small, in percentage terms at least.... and looked at positively I have the opportunity for bigger potential CGT losses!! Anyway one has to be optimistic and i note that the number of shares bought and sold today approximately matched. And i would prefer to think that current and former directors are honorable people and that loans were converted to shares to clean-up the balance sheet rather than to allow them to dump their shares and run. I would think their good names are worth more to them than the relatively small sums they will recover now. For all we know they are preparing the BS for the reversal of some other mining venture into NBR. As I say, i like to remain optimistic as it's much more pleasant to being a pessimist....... and I haven't gone bust yet! |
Posted at 13/3/2015 22:31 by jojo_jo Clever stuff by the Directors. Today's volume could have allowed them to sell all their 'shares in lieu of loans'. We'll only know if/when they RNS revised shareholding numbers.They managed to get some cash back the way they've done it. There was no chance of ever getting it out at yesterday's m/cap so they set an issue price which (just) avoided Lord Wotshisname being obliged to bid (the 30% threshold). The increase in value of their existing holdings as a result of the share price rise has gone some way to compensate them for losing about half on the 'private loans'. If they hadn't done it they may never have seen any of that loan money again. It does simultaneously clean up the balance sheet, but it doesn't bode well for sentiment as it implies there's no value left here other than as a shell. Cleverly done, albeit selfishly (and without consideration for smaller shareholders). I suppose they could argue that they gave such other shareholders a chance to get out at a premium to the recent lows. IMPO/DYOR/NAI Jo PS. No position - just observing. |
Posted at 19/8/2013 23:26 by tomboyb Well mike Solomon has been brought in here to make a difference at a very reasonable price. If he can raise almost 1bill in one of the toughest times ever seen I.e after 2008 then I,m sure he can bring a lot to the table here. |
Posted at 19/8/2013 18:40 by meson NBR accounts for 2012/13 should be out soon - let's hope there is some encouraging news about the joint venture. |
Posted at 24/5/2013 12:46 by tomboyb NBR reminds me a little bit of UEP - 1.25p to 13p. Assets to be injected here ( but little detail) are coal + copper - Solomon dealt with platinum in his previous carnation so clearly he must think as do current directors that this will be a good fit - |
Posted at 18/5/2013 13:28 by tomboyb Current Holdings in NBR - DIRECTORS hold 50% total equity with Solomon et al coming in @ 29.9% - 3.9p per share - Shares % issued enlarged issued share capital Lord Sheppard (including Didgemere Consultants Limited) 16,120,321 26.08 Brian Moritz 12,280,330 19.86 Tony Carlton 1,757,857 2.84 Oliver Plummer 606,407 0.98 30,764,915 49.76 |
Posted at 13/5/2013 12:29 by tomboyb Not long to go for the asset swap for 29.9% NBR - Very interesting development here - reminds me of one I bought 2 years back - |
Posted at 09/5/2013 17:54 by tomboyb Off - c ya!ps - Gold one Int - Michael Solomon $615mill - NBR is a piddler hence interest why he is here - |
Posted at 09/5/2013 16:24 by tomboyb acq of mining assets @ 3.94p for 29.9% NBR - Namibian inks management contract with SG 9 May 2013 | 15:18pm StockMarketWire.com - Namibian Resources has signed a management contract with Southern Goshawk Resources (Pty). SG directors Michael Solomon and David Johnson have joined Namibian Resources' board to manage the company's current and future mining assets in Africa while Oliver Plummer has stepped down from the board. Namibian Resources intends to acquire SG's mining assets in South Africa in exchange for an issue of shares in the company as soon as South African regulatory approval is received. Namibian Resources also said it had appointed Grant Thornton UK as its nominated adviser. Namibian's chairman, Lord Sheppard of Didgemere, said: "We are delighted to welcome Michael Solomon and David Johnson to the board. Their wide experience in mining and finance in southern Africa is initially expected to give us the ability to accelerate decisions on our Sonnberg diamond mine, and lead, in the short term, to exciting prospects for expansion into the mining of other minerals. "At the same time I would like to thank Oliver Plummer, who is retiring as a director, as well as Beaumont Cornish, our retiring Nomad, for their efforts on behalf of the company." |
Posted at 09/5/2013 15:16 by tomboyb 9 May 2013Namibian Resources plc ('Namibian' or 'the Company') Management Contract, Appointment of new Directors and Nominated Adviser Namibian Resources plc, the AIM listed diamond producer in Southern Africa, announces new arrangements for the management of its existing assets in Namibia, which are intended to lead to an expansion into other mining activities in southern Africa, together with changes to its Board and Nominated Adviser. Overview · Management contract signed with Southern Goshawk Resources (Pty) Limited ("SG") under which SG will make available to the Company the services of Michael Solomon and David Johnson, currently directors of SG, to manage the Company's current and future mining assets in Africa · Michael Solomon and David Johnson appointed directors of the Company · Oliver Plummer leaves the Board · Intention to acquire SG's mining assets in South Africa in exchange for an issue of shares in the Company as soon as South African regulatory approval is received · Grant Thornton UK LLP appointed as Nominated Adviser Namibian's Chairman, Lord Sheppard of Didgemere, commented, "We are delighted to welcome Michael Solomon and David Johnson to the Board. Their wide experience in mining and finance in Southern Africa is initially expected to give us the ability to accelerate decisions on our Sonnberg diamond mine, and lead, in the short term, to exciting prospects for expansion into the mining of other minerals. At the same time I would like to thank Oliver Plummer, who is retiring as a director, as well as Beaumont Cornish, our retiring Nomad, for their efforts on behalf of the Company" Management agreement SG is the natural resources arm of the J&J Group, a South African based investment holding and management company with investments in a select group of companies. Under an agreement dated 9 May 2013 SG will manage all the Company's mining assets in Southern Africa. Initially these assets comprise the Sonnberg diamond mine in Namibia, where SG will seek to finalise negotiations on a new contract with Namdeb, which holds the mining right, and evaluate the steps required to expand production at Sonnberg to a level where it will generate profits on a sustainable basis. The management agreement also envisages that the Company will acquire from SG, a subsidiary of SG which holds all the existing mining and exploration rights of SG, initially in coal and copper. The consideration for this acquisition will be the issue of 29.9% of the share capital of the Company at the time of such acquisition, as enlarged by the capitalisation of outstanding loans to the Company by its existing directors. The share price for the purposes of this transaction has been agreed at 3.9412 pence per share, being the volume-weighted average price of the Company's ordinary shares for the 30 days ended 28 February 2013. The acquisition is intended to be completed as soon as permission is received from the South African regulatory authorities. Under the terms of the management agreement, SG will be entitled to a success based incentive being 20% of the increase in value of such mineral assets, to be settled in shares in the Company. The success based incentive will be paid annually, with a clawback mechanism designed to ensure that the incentive amounts to 20% of the increase in the value of the mineral assets over the term of the agreement. In addition, the Company will be responsible for paying SG's expenses in managing the Company's business, and any costs incurred in acquiring assets. It is intended that these costs and expenses be settled through the issue of shares in the Company. New Directors Michael Solomon and David Johnson are appointed as executive directors with effect from today. Michael Solomon (aged 60) has 34 years professional experience as a practicing mining engineer within the mining industry in many commodities including gold, platinum, diamonds and base metals as a mining engineer and mine manager, and some 15 years in the consulting engineering environment as a Senior Mining Engineer with SRK Consulting and Principal Mining Engineer with EL Bateman and The Mineral Corporation. Michael was appointed Chief Executive Officer of Wesizwe Platinum Limited in 2004 and took the company from primary exploration through bankable feasibility study and listing on the Johannesburg Stock Exchange. During this period he was successful in raising approximately USD 1 billion to fund the project's capital construction and development. He is a Director of ASX-listed Gold One where he serves as Chairman of the Audit and Risk Committee as well as its Safety, Health and Environment Committee. Michael sits on the Council of the Southern African Institute of Mining and Metallurgy and is Chairman of the Institute's Mineral Economics Committee. He also sits on the World Economic Forum Global Agenda Council for Mining and Metals and the United Nations Economic Commission on Africa Expert Group on Beneficiation. David Johnson (aged 50) has a banking and investing background having both project and corporate finance experience with HSBC, ABSA Bank, and Decorum Capital Partners, the managers of the New Africa Mining Fund. Currently he is responsible for all investment activities of the J&J Group, being its Chief Investment Officer. Further information on the directors as required by Schedule 2 paragraph (g) of the AIM Rules for Companies is provided in the Appendix below. In addition, Oliver Plummer, the Company's finance director, has today resigned from the Board to concentrate on his accountancy practice. External arrangements have been made for control of the Company's finances, which will be overseen by another director, Brian Moritz, who is a Chartered Accountant. Nominated Adviser Grant Thornton UK LLP has been appointed as the Company's Nominated Adviser with immediate effect. |
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