Namibian Resources Share Discussion Threads

[bluesbeater] 14/10/2005 21:50

Maxmol - Good issue to raise at the AGM!

[maxmol] 14/10/2005 00:12

The results, for a new company, could not be any better. What they need to do now is to get the P.R. working. In the Sunday Telegraph this coming weekend would do nicely!!!!! The best statement is that they are considering a second 100 ton per hour plant and additional in field screen by the end of 2005. The diamonds are there, they are getting them out, what they need to do is tell the WORLD.

[sunshine57] 12/10/2005 23:18

Hope so Bluesbeater!

[bluesbeater] 12/10/2005 22:25

Tony Carlton in Namibia discussing progress, AGM in 2 weeks, Should see a rise from these results despite the drop today. Let the good times roll!

[sunshine57] 12/10/2005 17:59

mgn1 - Haven't you noticed that every time there appears to be a good RNS statement....the shares plummet? Roll on bad news eh? LOL

[mgn1] 12/10/2005 13:07

why is this down i thought that was agood statement

[cestnous] 12/10/2005 09:48

Dissappointing share price reaction. Things looking better though.

Cheers
Nous

[mgn1] 12/10/2005 09:36

that looks good to me, these must be the one of the first aim minors to be profitable.

[frank1e] 12/10/2005 08:10

Interim Results

RNS Number:5255S
Namibian Resources PLC
12 October 2005


Namibian Resources Plc

Interim Results 31st August 2005


Summary

Over the comparable period in 2004 sales increased by #272,950 from
#21,509 to #294,459.

First half profit #9,016 from loss of #197,227 over the same
period.

First half operating profit of #104,456 EBITDA.

First half production averaged 546 carats per month.

Average size of stone has increased from *15 carats to a peak of *66 carats.

Current production in terms of size and grade fully up to expectations.


Commenting on the results Chairman Lord Sheppard said:

I am delighted to report a small profit for the first time in the history of the
company and these results fully justify our faith in the resource. Whilst these
results show only a modest profit, the work and effort put in to overcome
initial operational difficulties have now established a sound basis for solid
and steady development for the future.

Enquiries:

Tony Carlton - Chief Executive- Tel: [phone]
Oliver Plummer - Finance Director - Tel: [phone]


NAMIBIAN RESOURCES PLC
CHAIRMANS STATEMENT INTERIM RESULTS

The results cover the financial half year to 31st August 2005. Operating profit
before depreciation and amortisation amounted to #104,456 (2004 loss of
#135,843) Depreciation and amortisation of mining rights was #
95,440 (2004 #61,384). Net interest receivable was #4,256 (2004
#10,963).

The profit on ordinary activities before taxation for the period amounted to
#9,016 (2004 loss #197,227). This represented a profit per
share of 0.01p (2004 loss of 0.63p per share).

Finance

No new funds were raised during the period and the cash surplus of #
154,261 is considered adequate.

Tony Carlton Chief Executive
Review of Operations

During the period under review good progress has been made. Some delays
occurred following delivery of a new 150 ton per hour in field mobile wet
screen. All our operations during this period have been concentrated on the
West Saltztal. This identified resource was stated to contain 4,200 carats at a
grade of 24 cpht (carats per 100 tons) and an average size of stone *59 carats.
This identified resource initially comprised an ephemeral stream sediment some
1km long. Subsequent to the float on AIM in March 2004 our concession area on
the West Saltztal was increased to approximately 3*2 kms. During the period a
total of 5,576 stones have been recovered for a total of 3,276 carats, an
average of *58 carats per stone. The stone size has progressively increased as
we mine southwards reaching a peak of *66 carats per stone. Four stones in
excess of 2 carats were mined, the largest being 2*6 carats. Stones have been
recovered outside of the identified drift and indications are that our
production from this resource will exceed our initial expectations. Screening
has been difficult due to a thin layer of carbonate, which was thought initially
to be the bedrock. This clay material is difficult to breakdown. However,
increased water supply and pressure has mainly resolved this problem. The
encouraging factor is that a layer of diamond rich gravel is present underneath
the carbonate mantel and is producing diamonds of good size and quality.

I am visiting the mine on 17th October for three days in the field with our
consultant geologist Dr Donald Sutherland. This is in order to reassess the
West Saltztal, identify sampling areas on the East Saltztal and develop a mining
plan for 2006. Consideration will be given to proceeding with a second 10 ton
per hour DMS plant and additional in field screen by the end of 2005. A further
report on the result of this visit will be given to shareholders on my return.


NAMIBIAN RESOURCES P.L.C.

INTERIM RESULTS

FOR 6 MONTHS ENDED 31 AUGUST 2005


Summarised Income Statement 6 Months Ended 6 Months Ended Year Ended
31-Aug-05 31-Aug-04 28-Feb-05
(Unaudited) (Unaudited) (Audited)
GBP # GBP # GBP #

Turnover 294,459 21,509 29,633
Cost of Sales (157,301) (76,702) (296,750)

Gross Profit/(Loss) 137,158 (55,193) (267,117)

Administrative Expenses (132,398) (152,997) (254,409)

Operating Profit/(Loss) 4,760 (208,190) (521,526)

Interest Received 4,256 10,963 30,682
Interest Payable - - -

Net Profit/(Loss) for the 9,016 (197,227) (490,844)
period


Profit/(Loss) per Share 0.01 (0.63) (1.49)
Total Number of Shares in 32,837,730 31,118,063 32,837,730
Issue



NAMIBIAN RESOURCES P.L.C.

INTERIM RESULTS

FOR 6 MONTHS ENDED 31 AUGUST 2005


Summarised Balance Sheet 6 Months Ended 6 Months Ended Year Ended
31 August 2005 31 August 2004 28 February 2005
(Unaudited) GBP (Unaudited) GBP (Audited) GBP
# # #

Non - Current Assets 2,045,342 1,665,930 1,954,656

Tangible Assets 1,400,131 951,085 1,260,928
Intangible Assets - Mining Rights 645,211 714,845 693,728

Current Assets -
Debtors 31,918 47,627 25,364
Cash in the bank & in hand 154,261 584,527 217,972

186,179 632,154 243,336

Current Liabilities -
Creditors & Accruals (72,772) (47,485) (48,259)

Net Current Assets 113,407 584,669 195,077

Total Assets Less Current 2,158,749 2,250,599 2,149,733
Liabilities

Capital & Reserve -
Called up Share Capital 3,283,773 3,111,806 3,283,773
Share Premium 359,384 375,904 359,384
Profit & Loss Account (1,484,408) (1,237,111) (1,493,424)

Shareholders Funds - Equity 2,158,749 2,250,599 2,149,733


NOTES TO THE FINANCIAL INFORMATION

1. The interim results are unaudited and do not comprise full accounts within
the meaning of Section 240 of the Companies Act 1985.

2. No interim dividend is being paid or proposed.

3. Earnings per share have been calculated on ordinary shares in issue



NAMIBIAN RESOURCES P.L.C.

INTERIM RESULTS

FOR 6 MONTHS ENDED 31 AUGUST 2005


Cash Flow Statement 6 Months Ended 6 Months Ended Year Ended
31 August 2005 31 August 2004 28 February 2005
(Unaudited) GBP (Unaudited) GBP (Audited) GBP
# # #

Net Cash inflow/(outflow) from Operating
Activities
Operating Profit/(Loss) 4,760 (208,190) (521,526)
Depreciation of Tangible & Intangible Assets 95,440 61,384 159,234
(Increase)/Decrease in Debtors (6,554) 54,392 76,655
(Decrease)/Increase in Creditors 24,513 (111,560) (110,786)
Net Effect of Foreign Exchange Differences - - 47,877

118,159 (203,974) (348,546)
Returns on Investment & Servicing of Finance
Interest Received 4,256 10,963 30,682

Capital Expenditure
Payments to Acquire Tangible Fixed Assets (186,126) (951,085) (1,290,002)
Payments to Acquire Intangible Fixed Assets - - (47,695)
Payments to Acquire Investments - - (10,537)

Net Cash (outflow) before management
of Liquid Resources & Financing (63,711) (1,144,096) (1,666,098)


Financing -
Issue of Ordinary Share Capital - (1,719,737) (1,875,184)
(Decrease)/Increase in Cash during the Period (63,711) 575,641 209,086

(63,711) (1,144,096) (1,666,098)



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

[shadowchaser] 29/9/2005 20:20

And,----Check out GIP ---Another that is on the UP!

[shadowchaser] 29/9/2005 20:17

NBR--So do I!


-SC

[maxmol] 28/9/2005 23:23

Last two days, 297,804 shares purchased with 34,083 sold ( 8.7 to 1 ratio ),looking forward to the next quarterley report. Investers like myself believe over the past three months things have been going very well.

[meijiman] 28/9/2005 12:45

Been a holder of these for some time. Got in at decent price -21p.Happy to await developments. Like idea of less hype.All seems to be going in the right direction. Thought would see what was posted on this site on Namibian.Came across posting on the other thread by 'newspaperman' on 5th Dec 2004 referring to wondrous stockpicking of 'swalf'- allowed him (newspaperman)to retire early etc. Anyone know anything about this posting. Seems to have been the last one on that particular board.

[maxmol] 27/9/2005 16:35

Bartyboy my buy is not showing as yet.

[bartyboy] 27/9/2005 16:15

Hi Maxmol. were you the 50kT?

Mine were 5 X 10k's plus a 5k. Did it on line, as I suspected the price wouldn't stay there for long, and it didn't

[maxmol] 27/9/2005 16:13

Bartyboy so have I had a ( little dabble )this afternoon as well, with the quarterley results out soon this should push higher.

[bartyboy] 27/9/2005 16:09

LOL, not quite! I was in MNT for a while remember:-)))

I'm very overweight on oils at present

[ianwc] 27/9/2005 16:06

I'm speachless Barty. First AFD, they OVG, now NBR. Are you becoming a mining guru?

[bartyboy] 27/9/2005 15:57

Have to confess to having another little dabble with this stock. Bought in on this afternoons dip.

[maxmol] 27/9/2005 10:32

The quarterley results should be out Friday or early next week, keep the faith, they will be good.

[shadowchaser] 22/9/2005 20:35

In my youth ,I' ve been in the nest with quite a few 'little birdies' and they've never brought me anything but trouble !

But what sweet trouble that was !

-SC

[maxmol] 21/9/2005 17:59

Only time will tell, the same " little birdie " said the first quarterley report should be out within a week or two..

[sunshine57] 21/9/2005 16:02

Looks as though Maxmol could be right....Hope so!

[maxmol] 19/9/2005 10:28

If its a " little birdie " from the correct " nest " then you do tend to trust them.

[shadowchaser] 19/9/2005 09:37

NBR--maxmol-
I fear Mr Gradgrind would not be satisfied with your crystal visions nor with the twitterings of your ''little birdie''-

[Notwithstanding , I intend to hold this stock protem ]

-SC