Namibian Resources Share Discussion Threads

[fairdeal2008] 08/9/2009 11:37

Ha - the entire stock market is a gamble, but it has to be said the biggest returns come from the biggest risks...

Could lose all here in a flash, or make 10x in a day or so....

40million shares only so quite illiquid and a small overhang at the moment which has pulled the price down...

It is a punt though you right ha....

[boobly] 08/9/2009 11:34

Gawd !
You like to live dangerously ! Very best of luck ;>)

[fairdeal2008] 08/9/2009 10:33

Interesting article. Perhaps with the recovery underway and the major Elizabth bay location closed, there will indeed be some incentive to get NBR operations back up and running....

[fairdeal2008] 08/9/2009 09:23

New thread -

[fairdeal2008] 08/9/2009 09:21

Ok will add more later - but the stock interested me because of the evident distress in recent times which has led to a company valuation of £800k with 40mn shares in issue (at 2p per share).

Directors have chipped in £350k unsecured and interest free and purchases of stock in 2008 were at 10p... Their interests are aligned with company survival I think.

So here is the punt...

If they can reopen the mine and get producing, raising a little funding to do this of course, then could see a decent recovery in the share price

If they cant, I go home with - nothing.... hmmm

I think very high risk stock with potentially very high returns....

IMHO

[fairdeal2008] 08/9/2009 09:04

HIGH RISK SHARE!!!!



Snippet from August rns (possible green shoots??)

More to be added shortly


Since the year-end Sonnberg's operations in Namibia have remained on a
care-and-maintenance basis and the Directors have continued to support the
company with unsecured, interest-free loans, which totalled GBP350,000 at 28
February 2009.


In recent weeks the price falls seen in the international diamond market in the
early part of the year have ceased and some price stability has returned to the
market albeit at lower price levels than in recent years. Renewed demand is
being experienced for good quality diamonds and Namibian Resources is currently
examining whether Sonnberg's operations can be restarted in the near future.


It was announced last year that the company would try and raise funds for
expansion but the downturn in the diamond market precluded this. After the year
end the company has changed brokers (to Keith, Bayley, Rogers) and Nominated
Advisors (to Beaumont Cornish). With continuing stability in the diamond market
the board intends to examine again the possibility of raising funds and will
make an announcement when appropriate.


I would like to thank all members of our staff here and in Namibia for their
efforts in the continuing difficult times.


Lord Sheppard of Didgemere KCVO Kt.

[fairdeal2008] 08/9/2009 08:58

OK super risky share here, but have added 50k this am.

The factors I see as important are:

- need funds - directors have stumped up £350k unsecured, interest free so far (so they are aligned)

- rns end August noted the improvement in diamond market and potential to reopen mine

- strong partnership with namiobian governmental diamond organisation (and seems to be some support there)

- huge recovery in some other diamond stocks recently

imho

[fairdeal2008] 27/7/2009 16:51

Hello Bartyboy

Doesnt seem to much to say when a stock is flat lining...

[bartyboy] 27/7/2009 10:00

One minute he was posting every few minutes, then sudden silence.

Assume he was dumping even as he ramped!!
.............................................................................


Fairdeal2008 - 16 Jun'09 - 07:56 - 2576 of 2604


maybe it can....

Fairdeal2008 - 16 Jun'09 - 08:31 - 2577 of 2604


and it does lol...

looks like it might be going on a bit of a tear....

Fairdeal2008 - 16 Jun'09 - 08:41 - 2578 of 2604


max online buy 15k mms still dont have many shares this has a way to go imho

Fairdeal2008 - 16 Jun'09 - 09:00 - 2579 of 2604


2 v 1

next offer then 3.5p - gap up soon possibly

Fairdeal2008 - 16 Jun'09 - 09:11 - 2580 of 2604


yep there it is - starting to move well now...

feels like I am the only one here - just dont believe directors would pump money in with no rationale...

imho

[shadowchaser] 26/7/2009 20:28

ELLO ,ello,ello... ello......London calling..........

[shadowchaser] 25/6/2009 18:25

Russian leader visiting Namibia and with him are the Alrosa reps .!!!
Could this be the reason for the recent rise in the share price for NBR?

-SC

[shadowchaser] 17/6/2009 15:12

NBR-I can however understand your comment in one way as I have now had chance to glance at the back posts on here and among them are a few from ,

shall we say 'the usual suspects ' putting their oars in, so .......who knows?

-SC

[speculating] 17/6/2009 10:53

LOL ! The classic 2-3 day pump and dump - Now mm thieves will take
this back to sub 2p in around the same timeframe.

[maxmol] 17/6/2009 10:43

I understand that even though production has stopped at the
moment SAMPLING is continuing.Lets hope that NBR has discovered
an area that is diamond rich and extra large in size.

[ibrox] 17/6/2009 10:04

Hello Clarky and Hatto.
Still got some here myself - after the initial profit I guess these cost me nothing so I just left them to rot....

How are you both?

A milk float Hatto??

[chesty1] 17/6/2009 08:58

No news for this rise then hhhmmmmm

[jonno1] 17/6/2009 08:40

Where's Swalf??

[katsy] 17/6/2009 08:39

Surprised the LSE haven't forced them to release a RNS to explain the huge rise here

[olly94] 17/6/2009 08:35

Whats the mcap here at 6p

[hatto] 16/6/2009 23:23

Good to see NBR getting back closer to where its share price should be. My average is more than 6p.

[hatto] 16/6/2009 23:23

Hi Clarky....Been up to Derby to pick up my new motor. Had my BMW written off by a mate....£10,200 ARRIVED IN THE POST TODAY & I spent £5,000 of it on a suped up milk float 2007 vintage 8,000 on the clock.

[clarky5150] 16/6/2009 23:14

Bloody hell man. Now thats what i call a fast response. Hope all is well with you. Hanging in by the skin of my teeth at the mo but i think/hope the worst is over. Onwards and upwards eh?

[hatto] 16/6/2009 23:10

Hi clarky.....Of course.

[clarky5150] 16/6/2009 23:10

Life in the old dog yet eh? Im average at about 6p and was beginning to think this was out for the count!

You watching Hatto??