Namibian Resources Share Discussion Threads

[maxmol] 26/8/2008 18:13

It will need to be something very "interesting" in order to move the company forward from the low position that we find ourselves in at the moment.
I wonder if Tony will dare to show his face at this year's AGM, remember that he wasn't present at last year's AGM.
At last year's AGM we were promised PR by Lord Sheppard to move the company forward; as we all know this hasn't materialised and we must all feel let down.
I feel that we may have lost faith in board members and cannot trust the word of some of them.

Do shareholders feel it would be a good idea for as many people as possible to attend the next AGM in order to put our views forward directly?

[bluesbeater] 26/8/2008 13:32

results due out this week? Could be some interesting reading??

[the mullah] 22/8/2008 17:35

No heartbeat.

-TM

[shadowchaser] 22/8/2008 11:28

No sense.

-SC

[the mullah] 21/8/2008 09:11

No action, no news, no management....

[ncp3] 20/8/2008 19:38

5.66% drop on no volume?

[the mullah] 11/8/2008 14:28

The crocodile and the tortoise survived. The crocodile took to water and the tortoise took to mining diamonds in Namibia.

[ncp3] 08/8/2008 20:33

Annual results out later this month!

[shadowchaser] 08/8/2008 15:36

More a dinosaur than a fossil!
Apparantly some did move VERY slowly but as it turned out some were capable of terrific acceleration and were probably the most successful species ever to have inhabited the Earth .

Let's hope NBR turns ot the same way!

-SC

[the mullah] 07/8/2008 11:39

Life in this fossil?

[shadowchaser] 09/7/2008 14:37

NBR- 560 c produced in the last quarter with limited May yield-not the BIGGY we are waiting for ---but they are still on the hunt!

---Still early days ---

-SC

[the mullah] 07/7/2008 16:01

Why did it take almost a month to move the screen. Maybe they should look at modifications to make them mobile.

Any suggestion of the $/carat?

[clarky5150] 06/7/2008 11:58

Well it all sounds pretty good to me. The movement of the screening plant should pay for itself in the future.

[ncp3] 06/7/2008 11:28

FYI

1st Quarterly Report




Namibian Resources Plc - 1st Quarter Progress Report

RNS Number:
Namibian Resources Plc
04 July 2008


Progress report for period from 1st March to 31st May 2008.


General.

During the period production by Sonnberg Diamonds (Namibian
Resources' 100%-owned subsidiary) was derived from the Salzpfanne and
the East Salztal North deposits. The screening plant used for the
Salzpfanne deposit was moved to immediately adjacent to that deposit
in order to reduce operating costs. A small amount of prospecting
was carried out in the Annatal SE valley. Total production from all
sources was 567 ct at an average diamond size of 0.44 ct/st.

Mining.

Mining continued during the quarter at the Salzpfanne deposit where
Block A, the southernmost section, was mined out. A total of 234 ct
at an average diamond size of 0.46 ct/st was derived from this
source. The southern margin of Block A has been artificially defined
where water is encountered in the salt pan. A trench extended into
the pan confirmed the continuation of the diamond mineralisation in
that direction but mining will not be attempted until a means of
handling the highly corrosive, high-salinity water in the pan.

Following completion of Block A, Block B immediately to the north was
brought into production. A total of 106 ct at an average diamond
size of 0.44 ct/st was produced from there. The slightly smaller
diamond size from Block B is expected as prospecting has shown that
there is a decline in diamond size northwards through the Salzpfanne
deposit.

During May, the screening plant that is used for the Salzpfanne
deposit was moved from West Salztal to immediately adjacent to the
Salzpfanne deposit. This move could only be undertaken once a
sufficient area of the deposit had been mined to provide a working
area around the plant. During this move, however, there was loss of
production from this source for much of May.

Production continued throughout the quarter from the East Salztal
North deposit. This is an extension of the rich East Salztal deposit
that had been mined during 2006-7. The northern extension is,
however, much sandier and consequently lower in grade. A total of
223 ct at an average size of 0.42 ct/st was produced from this
location during the quarter. The production grade to date is
significantly in advance of the prospecting grade. The original
resource estimate for this deposit of 400 ct is therefore likely to
be exceeded.

Prospecting.

Only a limited amount of prospecting was carried out during the
quarter. This involved cleaning a thin layer of gravel from around a
bedrock ridge that runs across the floor of the Annatal SE valley
which lies to the east of the East Salztal valley. It was
anticipated that the bedrock ridge would form a trap site against
which diamonds would be concentrated. A total of 4.4 ct at an
average diamond size of 0.44 ct/st was recovered. The recovered
grade was relatively high at 14 cpht but the volumes of the deposit
were small. The average diamond size is promising and in the future
a sample trench will be excavated across the northern slope of the
Annatal SE basin where the deposit is thicker. No estimation of
diamond resources for Annatal SE can be based on the current sampling
information.

Fuel cost and diamond revenues.

During the last year there has been a steady increase in diesel
prices in Namibia. In the year to April 2008 this has been
approximately 40%, net of the government rebate for mining companies
(which is presently slightly below 10% of the gross). Fuel comprises
about 20% of Sonnberg's total operating costs, so this increase is of
significance for Sonnberg's operations. However, the transfer of the
screening plant to immediately adjacent to the Salzpfanne deposit
cuts out a 20-minute haulage cycle for mined deposit, saving on fuel
costs.

Sonnberg produces very high quality diamonds (less than 5% industrial
quality) at a good average size. Sonnberg's production is sold by
Namdeb to the Namibian Diamond Trading Company in Windhoek with
diamond prices being established in US dollar terms. Sonnberg's
diamond received values in local currency terms have increased by
around 25% during the quarter compared with the latter part of 2007.
As the quality and size of the diamonds being produced by Sonnberg
during the periods of comparison are similar this represents an
increase in the real value. It results from both a diamond market
increase as well as a change in the Namibian to US dollar exchange
rates. This increase in received values more than compensates for
the increase in fuel costs.

Prospects.

During June both screening plants were back in operation at their
respective deposits. For the June to August quarter it is
anticipated to continue with production from both deposits.


Tony Carlton
Chief Executive Director

[maxmol] 04/7/2008 12:29

Perhaps not.

[maxmol] 01/7/2008 17:58

Results must be out soon, bid has gone up TWO days in a row.

[hatto] 30/6/2008 20:26

Oooops sorry wrong thread.

Nice to see a bit of blue.

[ncp3] 30/6/2008 20:23

Nice to see blue, but disappointed there was no progress update this month!

[maxmol] 27/6/2008 15:03

If Tony will stop sampling and concentrate on
production,production,production we may yet
see a turn around with our share price !!!!!!

[the mullah] 27/6/2008 14:40

The Mullah - 16 Jun'08 - 14:51 - 2463 of 2467


5p by end of July?

[shadowchaser] 25/6/2008 13:26

NBR--No, its not an encouraging sight ,is it?

However , we must adhere to the old adage ''No news is GOOD news ''
--and assuming this positive mode of thought,continue to believe that steady progress is being made and that eventually the BIG DIAMONDS ,that are indubitedly in the area, will be recovered before too long.

I'm hanging on in this one !

-SC

[seatrader] 25/6/2008 13:24

Heard the company now needs finacing, share issue @ 5p perhaps?

[the mullah] 18/6/2008 12:49

Wonder if Tony looks at the share price long term chart for the past year. Does it give him a warm fuzzy feeling while he drinks his cuppa in the morning having a chat with Dodderymore, you know?

[ncp3] 16/6/2008 20:08

Not if, as I hope, we get a positive quarterly update this month!