Namibian Resources Share Discussion Threads

[spen45] 18/1/2006 16:32

excellent find, wel timed with a good rise

[mjcferguson] 15/1/2006 12:10

Thanks again Maxmol.Any word of the website?
It would help with newsflow here as it is an exercise in patience at present waiting for snippets.

[maxmol] 14/1/2006 20:31

We have made the " Investors Chronicle - dated 13 Jan 06 ", and it probably gives the MAJOR reason why the share price has drifted downward from 55 pence to its recent level of 25 pence.
The artical is as follows.
NAMIBIAN RESOURCES (NBR). THE DEATH OF A SHAREHOLDER AND THE subsequent sale of his 300,000 SHARES in a tight market (the normal market size is 3,000 shares )accounted for the gentle drift in Namibian's share price, down from around the 50p mark. The share price peaked at that price early in 2005. The company floated in March 2004 via an oversubscribed offer for subscription at 15p a share.
Namibian Resources has prospecting and mining rights over a large concession area in the fenced off " Sperrgebiet " - or forbidden area, some 800 km south of Windhoek- originally mined by Germans 100 years ago. Then it was reported to be the RICHEST DIAMOND AREA IN THE WORLD. Today Namibian is concentrating solely on the West Saltztal area, and is finding bigger diamonds as it moves south into the strong prevailing wind. Technical problems held back mining last year, but the average size of diamond increased from 0.15 carats to 0.67 carats. In the following six months to end-August2005, Namibian recovered more than 5,500 stones, with an average carat value of 0.58 per stone.And that value has been increasing as digging moves southwards - four stones in excess of two carats have been mined.
In this interim period, production averaged 546 carats a month and their sale enabled Namibian to report a jump in turnover from £22,000 to £294,000. As a result, the company was able to record a £9,000 profit, including £4,000 of interest receipts - against a loss of £197,000 in the comparable period of 2004. Namibian now has use of a new 150-ton-per-hour mobile wet screen, and the end-August net cash balance was £154,000. No new funds were raised during the half-year, and the latest cash balance is "considered adequate". IC VIEW "Namibian is keeping a tight control control on costs, too. SPECULATIVE BUY ".
Let's hope a number of new investors read the article and decide to invest with us.
My own personal forecast is 100 pence by DEC. 06 and 200 pence by Dec. 07. Here's dreaming!!!!!! Please DYOR.

[sunshine57] 06/1/2006 19:28

This is picking up very well...22% up on the week...can't be bad. It will be very interesting to see the share price at the end of 2006...

[maxmol] 06/1/2006 18:22

Sorry to say we did not make the top 30, 2 days in a row,never mide, try again on Monday.

[maxmol] 06/1/2006 15:32

Not quite enough, now needs to be 8%, for top 30. One more ( up again ) and we will be there.

[maxmol] 06/1/2006 14:33

6.7% today needs 7% to be in top 30,come on, one more small rise.

[maxmol] 06/1/2006 14:25

A new max. share price of of 56 pence by JULY 06 is my own target, when the second years results come out.

[eggbird] 06/1/2006 14:13

lots of buying again today!

I can see this flying back into the 40p's over the coming week or two!

[maxmol] 06/1/2006 14:10

One more small jump and we be in the top 30 percentage gainers list again. They are not releasing 1.5 million shares on Monday,they are all accounted for by people exercising their warrants and as in the past, they are normaly tightly held.

[jayno] 06/1/2006 13:41

I bought back in yesterday and see this going well next week

:-)

[skandarrgh] 06/1/2006 13:29

they are releasing more shares on monday, 1.5 million. yeah, very promising...

[eggbird] 06/1/2006 11:39

starting to look promising, glad I topped up a few weeks back!
Looking forward to some more updates soon!!!

[maxmol] 05/1/2006 13:42

Thats more like it, keep going, 14th on the top percentage gainers list.

[eggbird] 03/1/2006 11:27

sure hope so Maxmol!

couple of 10k buys gone through this morning, could tick up soon!

[maxmol] 01/1/2006 21:39

To all NBR holders, A VERY HAPPY NEW YEAR to you all. 2006 should be a very good year for us, when the second year results are declared in JUNE/JULY 2006 I am hoping that we will top our max. of 56 pence a share, after that onward and upward. Please DYOR.

[maxmol] 22/12/2005 15:31

Going north at last, newspaper article should be Jan 06. Please DYOR.

[eggbird] 15/12/2005 13:15

still the odd buy trickling through!

could do with this getting tipped in a newspaper / shares mag over the weekend!

[maxmol] 15/12/2005 02:45

It will go up mainly due to the fact they are getting a good number of diamonds out now and are about to expand witch will produce even more. First year results produced just under 3000 carats, in the first 9 months of their second year they have produced 4,577 carats with an average size of 0.6 carats per stone. If they continue at this rate with the extra production they will at least double the first years total and with the diamonds increasing in size, the total value for year end Feb 2006 could be 2.5 times what they made in the first years trading. Do not foreget they made a profit in the first year. Please DYOR.

[holdontight] 15/12/2005 00:35

As rich b'trds do, I s'pose!! Why is it cheap....how do you value a co like this? Beyond me.

[hatto] 15/12/2005 00:28

Hi Holdon.....I've been in before & made a good few K's profit....just thought at this level it was cheap & had a punt.

[holdontight] 15/12/2005 00:24

Hatto, just lurking here.....I can see upside with this, but v high risk. What's make you confident enuf to go for 500/point?