Namibian Resources Share Discussion Threads

[mike_f] 12/6/2009 10:40

Another little buy just in, keep it coming :)

[mike_f] 12/6/2009 09:59

Yup noticed that myself... must be a good sign.

[quinan] 12/6/2009 09:57

Good spread 1.8p to sell 1.9 to buy

[mike_f] 12/6/2009 09:50

Surprised that it is very quiet on this board after such a good rise today... anyone have any thoughts as to where they may be going? Could we break the 2p?

[mike_f] 12/6/2009 09:12

Only 39.92m shares in issue and market cap of £0.65m! If the interest continues it could be a very good day...

[mike_f] 12/6/2009 09:04

Great so see this has gone the right way this morning... no reason for the fall yesterday... GLA

[garey_de_angelis] 12/6/2009 08:44

Take a look at ACC, great reserach on the bb, 10p short term (currently 5p).

:-D

[pre] 12/6/2009 08:04

directors wouldn't fund this if nothing was to come to fruitition imo....significant upside from here possible.

[quinan] 12/6/2009 07:05

Morning all just doing a bit of looking round, its difficult to say what will happen here, if we all had hindsight we would all be rich, the best we can hope for is our own instincts.

So the fact the directors are prepared to fund the company would say to me they are hoping to ride out the diamond storm. With a further GBP100,000 on the cards which would take then to around the end of the year working on the basses that GBP145,000 lasted 5 months. In March 2004 they re-equipped the mine with modern equipment to the value of £2mln. Hence I would say the Directors see value here otherwise why risk £245K of your own cash if the company went under. Yes there is a really risk that may happen but I believe they are looking for a buyer. and that will happen when the diamond market recovers which looks to be slowly happening .

World diamond body acknowledges 'some' recovery
STAFF WRITER

In what could be an early sign of recovery for Botswana's diamond industry and the economy at large, diamond prices and sales appear to be stabilising with consumers slowly coming back on board, says the President of the World Federation of Diamond Bourses (WFDB), Avi Paz.

[mike_f] 11/6/2009 16:37

QUIN, exactly, i feel this has life left in it otherwise the directors wouldn't bother and recently as FD said diamond companied have been making good recoveries, hopefully this could be the next... Looking back can't see any bad news... drilling reports seem ok. One to watch.

[quinan] 11/6/2009 16:32

If they wanted to do they then why bother funding it???

[1vantheterrible] 11/6/2009 16:29

directors will pick this up for nothing out of administration imo

[mike_f] 11/6/2009 16:25

Fingers crossed, could be interesting. GLA

[fairdeal2008] 11/6/2009 16:23

I bought becauise quite a few diamond stock have made serious share price recoveries in recent months. hopefully nbr is the next....

[fairdeal2008] 11/6/2009 16:23

lots of buys coming through - when the overhang is cleared this could get interesting

[quinan] 11/6/2009 16:22

Hi all so I jumped in only 75K as there is uncertainty but you never know the directors are funding this until they sell? Will do a little more research to see if I need to add more.

[mike_f] 11/6/2009 16:21

Tick up before close would be nice ;)

[fairdeal2008] 11/6/2009 16:13

his article from lse site may be of interest:



Market cap £400k. One assumes management have an option in mind for recovery hence the willingess to support the business. We will see.


imho

[mike_f] 11/6/2009 15:45

A sum of GBP145,000 has been advanced to the Company by certain Directors (the

"Financing"). The GBP145,000 received by the Company will be sufficient to fund

its cash needs through to July 2009. These advances are unsecured and interest

free. The Directors of the Company who have not participated in providing this

Financing, namely Tony Carlton, Donald Sutherland and Oliver Plummer, ("the

Independent Directors") have authorised the Company to accept up to a further

GBP100,000 on the same basis.

The directors seem to be funding the company atm to keep it going but why do that if it's a dead duck? There must be mileage in putting their own money in or it would be throwing it away and also they hit there 52week low today on no news just a few trades. Again i wouldn't put your life savings on it but probably worth a few hundred. Yes it has risk involved but the upside could be significant...

[mike_f] 11/6/2009 15:15

Just joined you in here FD, just saw the fall and thought why not... lol

[fairdeal2008] 11/6/2009 14:46

have picked up a few just....

seems risky but interesting, especially if the director were willing to support the company with their own funds....

[jonno1] 26/5/2009 18:21

Well this thread is a blast from the past, I thought these went skint...what ever happened to that guru guy...Swalf wasn't it? was it all a scam, so long ago I can't remember

[bluesbeater] 26/5/2009 18:15

I am still in too. I used to count the months, now are we counting the years?

[shadowchaser] 26/5/2009 17:50

NBR-I'm still in this one but, like the miners ,I have fallen asleep in the Namibian heat!

Lol!
-SC