Namibian Resources Share Discussion Threads

[shadowchaser] 22/12/2011 16:21

NBR --Heavens above;
someone's actually bought some of these shares!

Does anybody know if they've found a diamond yet?

-SC

[judy21] 17/11/2011 15:22

Must be very short of stock.

[judy21] 14/11/2011 17:40

Still an upward trend,is something happening in the background?????

[shadowchaser] 30/10/2011 14:41

NBR---Judy --Me too! -in fact ,I mercilessly ridiculed this idea in the past on ADFVN and presumed the idea had been quietly sidelined....

[Incidentally,I'd also virtually written off this investment as a several thousand pound DEAD LOSS!

LOL!}

Unfortunately, friends ,who used to be resident in Namibia ,have since returned to UK and I have no private source, on the ground as it were, to call on for info.
Just where this [new to me] story about health and safety issues emanates from, I should be keen to learn .

Can anyone advise?

-SC

[judy21] 28/10/2011 14:25

The only news story that I am know of is, that in the future they may try to expand to extract diamonds from offshore.

[shadowchaser] 28/10/2011 09:27

TB-----Yes , for as I understood the position when the mining ceased , the relatively new equipment, that was funded by the cash provided by us initial PIs had virtually 'worn out' owing due to the harsh and unusually wet conditions [flooding ]in the last couple of years.

This ,and the low diamond yield ,NOT the apparant lapse of the health safety precautions causing deaths in adjacent works ,was the reason for the hiatus.

This reason came as a complete surprise to me ,I must admit!

Have I missed some widely known announcement /news story?

-SC

[tomboyb] 27/10/2011 22:03

SC - directors have been supporting NBR and will continue to do so as they hold a large equity position. There may well be a small fundraising although have to recall that dirs converted at a minimum of 3.5p per share and 6.5p per share.

[shadowchaser] 27/10/2011 17:13

NBR --Yes, but ,where's the the cash to run the mine coming from?

[He asked as a rhetorical question....]

-SC

[tomboyb] 27/10/2011 13:47

The diamond mine is back in production - Directors have 50% of this -

[lufc5] 27/10/2011 13:29

Can't even get a quote for 10k shares.
Can sell well over 100k tho'!!!

[eye2] 27/10/2011 12:51

tom limits ???

[tomboyb] 25/10/2011 12:40

Fully diluted with the conversions leaves NBR with a Market cap of around 1.6million - Directors have put in a fair wad in this - Value created will be in the equity here -

[tomboyb] 25/10/2011 12:03

TIDMNBR

RNS Number : 8031Q

Namibian Resources PLC

25 October 2011

For immediate release 25 October 2011

Namibian Resources Plc

("Namibian" or "the Company")

Re-commencement of mining operations Sonnberg

On the 10(th) August 2011, the Company announced that our Diamond Mining Operation in Namibia had been suspended due to fatal accidents that occurred outside of our area.

The Directors are pleased to announce that this suspension has now been lifted and we have re-commenced operations.

A C A Carlton

C.E.O

Background note: Namibian Resources Plc have a contract to mine on behalf of Namdeb through its wholly owned subsidiary Sonnberg Diamonds.

Enquiries:

Tony Carlton, CEO, Namibian Resources Plc Telephone: [phone]
Roland Cornish, Beaumont Cornish Limited Telephone: [phone]
This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCLLFFLILLEFIL

[tomboyb] 25/10/2011 11:48

NBR -DEBT FREE and Resuming operations - Good news indeed!

[topinfo] 25/10/2011 11:28

DJ Namibian Resources PLC Re-commencement of Mining Operations

TIDMNBR

RNS Number : 8031Q

Namibian Resources PLC

25 October 2011

For immediate release 25 October 2011

Namibian Resources Plc

("Namibian" or "the Company")

Re-commencement of mining operations Sonnberg

On the 10(th) August 2011, the Company announced that our Diamond Mining Operation in Namibia had been suspended due to fatal accidents that occurred outside of our area.

The Directors are pleased to announce that this suspension has now been lifted and we have re-commenced operations.

A C A Carlton

C.E.O

[tomboyb] 11/10/2011 13:24

Management have converted 90% of the debt into equity at 6.25p and 3.5p - premiums to current share price - What they need however is for their mine to come back online - (alnost debt-free) - perhaps other projects in addition can be considered - ?

[olly94] 29/9/2011 07:10

Interesting.

[shadowchaser] 17/2/2011 13:36

NBR --AS Lord Dodgy-Knees has converted his unsecured loan to a shareholding [and diluted the share price by a half] perhaps he can loan some more cash to actually find some diamonds and get some money back for us poor PI Mugs?

-SC

[marmar80] 09/2/2011 20:36

falling down

[shadowchaser] 17/1/2011 14:38

NBR -Renewal of contract with NAB govt granted?

Take over target?

----Surely someone knows something .

I'm damn sure I don't!

lol!

-SC

[induna123] 17/1/2011 13:20

If you like those plays then check out ADS.

[simonparker5] 17/1/2011 12:49

Some large buys going through from earlier. Could it be that these are going to do some sort of reversal into a oil or gold play. We have all seen what happwns when these Microcaps do that.

[double6] 17/1/2011 12:39

Just a bit of punter interest!!

[shadowchaser] 17/1/2011 12:23

NBR----Cor Blimey!

What the heck is driving this,Petunia?

The old dingey must have an out-board motor attached!

-SC