Namibian Resources Share Discussion Threads

[shadowchaser] 27/7/2005 21:05

NBR---I'll take this deafening silence as a 'don't know ' then!

Ah well -let's wait and see !

-SC

[shadowchaser] 26/7/2005 20:33

NBR-----Quiet on this thread ----Anyone heard any news?

For example ,the new screen mentioned earlier which was supposed to be operational ''at the end of June'' ?

[I have friends who live down that way but are currently in the UK for family reasons so I'm getting no feed back from that source!]

What's happening folks ?

-SC

[maxmol] 12/7/2005 23:46

My thoughts on the way ahead for this company, up to Dec 05. If they can maintain anything like full production, I expect to see an RNS announcement (approx Dec 05)stating that they are going to purchase another D.M.S in order to get as many diamonds out of the ground as soon as possible. If this is their intention it should prove to the market, that this firm is going places. I would be interested in hearing anyone elses views on this subject.

[maxmol] 09/7/2005 17:16

With reguard to NBR,s cash position. Since starting in March 2004 up until the end of June 2005, see RNS No. 13240 dated 28/06/05. I believe that selling the diamonds they have produced so far with thier limited production, they should have covered their start up cost, including the cost of the D.M.S. plant. With the D.M.S. plant now on a 10 hour per day shift the next Quarterly production figures should give us an idea about the yearly results with normal production,which should all be profit, except running costs.I believe there is no requirement for any extra cash injection.If you read the above RNS, in 7 days an initial sampling programme some 50 meters to the East of the Saltztal West ephemeral stream sediment has produced over 300 carats of an average size of 0.62 carats per stone. The average grade has been approxmately 27 carats per 100 tons mined. If you compare this with Afican Diamonds of 7 carats per 100 tons mined,( having to use a 23 inch drilling rig to get their material).I think NBR has a very rosey future in the next couple of years. One for the long term holder who would like to triple their money in two years. Please DYOR.

[zipstuck] 01/7/2005 19:51

Any views on the NMBR's cash position - If theyve overspent on the start up is there sufficcient working capital or will we see a placing or rights

[bluesbeater] 01/7/2005 19:40

unpredictable or what? Great news and profit taking massacres the price. Mind you little if any press coverage. Patience with this one though, those three monthly reports should knock the price up and once the up and coming results with all the flotation and installation costs are out of the way it should be blue sky,

[maxmol] 28/6/2005 18:31

The 36K shown as a sell at 13.02 was a buy.

[maxmol] 28/6/2005 14:25

At last some good news, the part I like best is as follows. During the last week an initial sampling programme some 50 meters to the East of the Saltztal West empemeral stream sediment has produced over 300 carats of an average size of .62 carats per stone. This sould mean that the next Quarterly production figures when the DMS plant is on a full 10 hour per day shift should send the share price to a more healthy figure. My guess is 80 pence + by end of 2005. Also if they can obtain one or more of the ( A number of RESOURCES have been identified and are CURRENTLY uder consideration by the company ) I can see the share price being 100 pence + by the end of 2005.

[cimbom] 28/6/2005 12:50

LONDON (AFX) - AIM listed Namibian Resources PLC said from Mar 1 2005 to
June 6, a total of 2.096 carats were consigned with a further 443 carats to be
sorted from June 6 to June 16. Production has increased from 221 in March to
1,000 in June.
The diamond explorer said the average stone size increased from .47 in March
to .6 carats per stone in June, with approximately 10 pct of the stones in
excess of 1 carat.
The group also said an initial sampling programme of the Saltztal West
ephemeral stream sediment has been "extremely encouraging", but further tests
are to be undertaken.
[e-mail]
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[ianwc] 28/6/2005 12:46

a little more detail would have been nice. How much is the average $/carat for starters.

[cimbom] 28/6/2005 12:12

News out as mentioned on thursday.

RNS Number:1324O
Namibian Resources PLC
28 June 2005



AIM Listed Namibian Resources PLC
Progress Report


(1) From 1st March 2005 to 6th June 2005 a total of 2096 carats have been
consigned with a further 443 carats to be sorted from 6th June to the 16th June.
Production has increased from 221 in March to at least 1,000 carats in June.
The average stone size has increased from .47 in March to .6 carats per stone in
June. Approximately 10% of stones have been in excess of 1 carat. The average
grade has been approximately 27 carats per 100 tons mined. We estimate our 80%
share of valuation to 6th June to be #168,000. During the last week an
initial sampling programme some 50 meters to the East of the Saltztal West
ephemeral stream sediment has produced over 300 carats of an average size of .62
carats per stone. This is in addition to the indicated 4,200 carats contained
in the Saltztal West stream sediment. This is extremely encouraging but further
sampling is required to assess the total extent of this additional resource.
Tests on the Saltztal East will be undertaken as soon as possible where very
limited historical sampling many years ago indicated an average stone size of
.75 carats. Production to date on the Saltztal West indicated resource is in
line with our geological assumptions.

(2) Production commenced with our new equipment in late January, This
production was confined to tailings of the old German Kaiser Wilhelms tal
tailings. The DMS plant has worked at only 30% to 40% capacity due to
inadequate water supply and insufficient material from the in field wet and dry
screen. The water problem has been resolved and a Finlay 683 Combi screen has
been purchased. This will be operational by end of June and will be more than
adequate to feed the DMS plant on a full 10 hour per day shift. The production
delays have caused a disappointing result for the year ended 28th February 2005
but current production is now very encouraging. An announcement of the results
for the year ended 28th February will be made as soon as the audit is completed.
Quarterly production figures will be announced in future.

(3) Black Empowerment Group

A number of resources have been identified and are currently under consideration
by the Company. Any further investment will be dependant upon acquiring a
resource or resources at the production stage. A further announcement will be
made as soon as we have a positive result.

(4) Thanks are due to our staff and management in Namibia for all their
efforts during a difficult period, which is now showing a positive result.
Thanks are also due to Namdeb for their support and technical assistance, which
is enabling the company to move toward optimum production.



Further Info: Tony Carlton, Chief Executive

Namibian Resources Plc. Tel: [phone]

[eggbird] 27/6/2005 15:43

1.9k buy, and 7k buy in the last 10 minutes has moved us up again!

[eggbird] 27/6/2005 11:39

sure hope so Simon. Certainly looks like something is brewing!

[simonparker5] 27/6/2005 11:35

Some action here today chaps. Coul dit mean the results are good??

[maxmol] 24/6/2005 16:19

Do not sell now or you will be very sorry, results soon.

[eggbird] 24/6/2005 11:01

down again...DOH!!

[cimbom] 23/6/2005 16:07

I couldn't make it,my daughter wasn't feeling to good.How did it go?
Was there anything interesting I should know about?

[ianwc] 23/6/2005 16:03

okay. So your source might simply know that the finals are due out next week.

What happened to you on tuesday?

[cimbom] 23/6/2005 16:01

That is correct to my knowledge as well.

[ianwc] 23/6/2005 15:56

if i recall correctly, the finals are due end of june?

[cimbom] 23/6/2005 15:48

Ian it's a case of someone letting it slip out.How true it is we shall have to wait and see.

[cimbom] 23/6/2005 15:36

I have been told that news is coming early next week.

[cimbom] 15/6/2005 15:35

I strongly believe something is about to happen with this.All of yesterdays trades were buys apart from one which was for 71 if my memory serves me correct.
Today I see you cannot buy £5k's worth online but can sell that amount online.This has been the case since this morning.I believe someone is accumulating as they have got wind of something.Time will tell.

[maxmol] 14/6/2005 14:38

When it goes, it will fly to 50+.