Namibian Resources Share Discussion Threads

[clarky5150] 11/10/2008 12:32

Bloomberg full of diamonds being the 'rock' in the current crisis. Maybe some well worded spin by NBR would work wonders... Fat chance i guess.

[bartyboy] 10/10/2008 12:09

How are they going to raise capital in these markets? Dilution?

[maxmol] 10/10/2008 11:09

Hi all.

Everybody turned up, including Donald Sutherland,
who talked longer than Tony with how we would
proceed in the future.
The aim is to raise some capital and then purchase
a second but smaller D.M.S. so that we can separate
production and sampling. At long last.
The company's aim is to get back to the production
figures of the late 2005/early 2006.
Tony had the grace to apologize for the share price
and lack of production.

[bartyboy] 10/10/2008 06:53

LOL, Maybe none of the Directors could be bothered to turn up!!

[the mullah] 10/10/2008 00:44

Anyone with any news from the AGM?

[the mullah] 08/10/2008 19:45

Wish I could attend this one. I am sure the room will be heated...

[bluesbeater] 08/10/2008 19:40

any details of the placing? open to all? Directors or other source?

[spen46] 08/10/2008 08:46

doesn't look good for the agm!!!!

[the mullah] 02/10/2008 12:08

One week to AGM. Will Tony be there or will he be hunkering down in Croydon?

[maxmol] 25/9/2008 13:37

Yes I will be, lets hope Tony turns up this year.

[the mullah] 25/9/2008 11:08

Thanks, Maxmol. Are you planning to attend? I will try and make it.

[maxmol] 24/9/2008 18:05

The AGM will be held at :-

36, Dover Street,
London
W1S 4NH

on 9th Oct. 2008 at 11.00 am.

[the mullah] 24/9/2008 12:14

When is the AGM?

[n1mgn] 23/9/2008 17:42

i think that should be brought up at the agm, the land asset is supposedly worth 15p minimum and they have found that there are more diamonds than prevous thought,so should be worth at least that to someone. i would love to see this taken over by someone who could actually do something to give us shareholders some hope.

[the mullah] 23/9/2008 13:40

And down again. Best that can happen to these fossils is a takeover bid which they are intelligent enough to accept.

[shadowchaser] 16/9/2008 11:50

NBR--Like my old school reports, perhaps the best that can be said is

'steady progress maintained'


Lol!

SC

[the mullah] 15/9/2008 09:51

Ahh, more sampling. Next quarter, more sampling... Yaawn.... Will we ever get to serious production?

[bartyboy] 15/9/2008 07:27

Wakey Wakey!





RNS Number : 3775D
Namibian Resources PLC
15 September 2008




Namibian Resources Plc - 2nd Quarter 2008/9 Progress Report

Progress report for period from 1st June to 31st August 2008

General

During the quarter production by Sonnberg Diamonds (Namibian Resources' 100%-owned
subsidiary) continued to be derived from the
Salzpfanne and the East Salztal North deposits. Sampling was also undertaken in the East
Salztal South deposit. Total production from all
sources was 663 ct at an average diamond size of 0.40 ct/st.

Mining

Mining from the Salzpfanne deposit continued in Blocks B and C with 400.61 ct being
derived from the former and 118.64 ct from the
latter. The overall mined grade of around 0.04 ct/t was below expectation largely because
production from Block C was derived from the
margins of that block close to the screening plant. The average diamond size from the sections
mined in the Salzpfanne deposit was slightly
under 0.4 ct/st which is in line with the expectation that diamond size will slowly decline as
the deposit is mined upslope. Throughput on
the Salzpfanne screening plant was restricted for part of the period by mechanical problems
which had been rectified by the end of the
quarter.

The East Salztal North deposit was in production during the first half of the quarter
after which the equipment was used for sampling as
described below. Total production from this source was 126.66 ct at an average size of 0.41
ct/st. The grade of deposit mined continues to
be in advance of what was expected based on the sampling in 2006.

Ten diamonds weighing 4.10 ct were also recovered from clean-up operations.

Prospecting

Prospecting was undertaken in the East Salztal South deposit. Historical records suggest
that a single diamond of 0.25 ct was recovered
from a trench sample in this section of the East Salztal valley. In terms of the geological
model that has been developed for diamond
concentration in the Pomona valleys it was considered that this area was of interest and two
initial sample trenches were placed across the
valley, one at the southern end of the deposit and the other towards the northern end where a
subsidiary basin occurs. Each trench was
divided into 30x3-m sections. Five of the six sections returned diamonds. Of particular note,
however, is the large average diamond size. At
1.08 ct/st this is easily the highest average for initial samples that Sonnberg has found in
the concession. Of the 12 diamonds recovered 6
were more than 1 ct in weight with the two largest at 2.66 ct and 2.77 ct. These are
exceptional sizes for diamonds from initial trench
samples. Further sampling and acquisition of a larger diamond parcel may, of course, result in
a smaller overall average size but from experience in other deposits in the area it would be
unlikely
that the eventual average diamond size in East Salztal South is very much smaller than these
figures indicate.

Previous sampling experience indicates that the grade of the initial samples (which ranged
between 0 and 0.11 ct/t in individual sample
sections) can be more variable relative to the eventual deposit average than is the stone
size. Too much emphasis should not be placed on
these initial figures and the trenches are too widely spaced to permit a resource estimate to
be made. Follow-up sampling and detailed
mapping of the deposit are underway and will be reported on when completed.

Diamond values

Sonnberg produces high quality diamonds of good average size. During the quarter the
values received by Sonnberg for its diamonds from
Namdeb (the mining licence holder) continued to be strong (relative to diamond size) in both
US dollar and Namibian dollar terms.

Tony Carlton
Chief Executive Director

Namibian Resources Tel: [phone]
Tony Carlton

Collins Stewart Europe Limited Tel: [phone]
Adrian Hadden


This information is provided by RNS
The company news service from the London Stock Exchange

END

[shadowchaser] 10/9/2008 17:16

NBR------It's difficult to take the steady drift dowmwards in the share price of this firm which is in a relatively stable area of Africa and takes an ethical stance in their operations .

If you look at the West African diamonds [WAD] outfit, operating in Sierra Leone ,their share price has performed in a equally lame manner and I'm not so sure that their prospects and credentials are as good .

I still believe in the fundamental potential of this site and of their partnership with the Namibian Govt.
As to the management and personnel ......well that's another question!

Lol!
SC

[the mullah] 05/9/2008 10:11

CONGRATULATIONS TONY!!!! You now have a company with a market cap of LESS than £2million. Check the rules, old man.

Crossword puzzle clue: Down 1: A broker going for broke. (7,7)

[the mullah] 01/9/2008 18:35

Pathetic management. Old and infirm. Needs to be in an old age home, the lot of them, not managing our investments.

[maxmol] 29/8/2008 14:15

AGM on the 9th October 2008 at 11.30 a.m. I think it
would be a good idea if us share holders attend and
try to find out if the board have any ideas of how to
turn this sorry state around.

[maxmol] 28/8/2008 23:44

Results must be out tomorrow, Tony's 6 months are up then.
If not, we will be fined as a Company.
Last year they were out at 12.42 on the 31 August,(last
minute as usual). My guess for tomorrow is 12.58.
lets all hope for some sort of MIRACLE and that Tony has
some very good news for us POOR,LONG SUFFERING share holders.
It really is about time this Company started to move forward.
Get our production figures back to over 500 carats per month
as we have achieved in the past and then at LONG LONG LAST
we may even see a move in the right direction as regards our
PR that we may been promised, time and time again.
Don't forget that our production figure for year end 29th Feb. 2008
was (519 carats) + (454 carats)+ (519 +454 +450 carats) a total
of 2396 carats. An average of 200 carats per month. But we did do a
lot of moving the equipment around this financial year.
We should also hear of the date of the next AGM.

[ncp3] 28/8/2008 21:07

Results tomorrow, I suspect!

[the mullah] 28/8/2008 10:26

Tony has the ostrich syndrome, head under the Namib sand. For a broker whose profession rates news a top priority he fails dismally. So does his board, including his lying lordship. Should have his head in a bucket.

They need a person with allround diamond experience to drive this outfit, not fossils.