Namibian Resources Share Discussion Threads

[parvez] 11/5/2006 10:09

16% rise so far today. Something's up here. Wait and see what if any delayed trades...

[hatto] 11/5/2006 09:47

Hi Maxmol.....LOL

This is just the way Market Makers make their money....take the share price up to encourage buying & take it back down to encourage sellers.

Then the cycle starts all over again.

I'm sure you are aware of this.

Of course if NEWS does come out & its positive, we get more buyers & these games are played at a higher share price level.

Bad News & its a lower level.

MMs don't care what share price we are trading at....they want volume & more profit.

[maxmol] 11/5/2006 09:41

With this movement over the past 2 weeks, there must be something happening
in the background, we must be due an update soon.
We are now number 6 in the top percentage gainers list. Keep going.
DYOR

[hatto] 11/5/2006 09:29

Good morning everyone.

Good to see NBR up well today.

SP sure is volatile.

Because there is only 3 MMs I guess.

[eggbird] 11/5/2006 09:11

looking strong this morning so far!

[maxmol] 08/5/2006 15:37

Now number 25, keep going.

[maxmol] 08/5/2006 14:42

At last we are showing in the top percentage gainers list at number 27.

[ncp3] 08/5/2006 12:45

I suspect that increased awareness to the mineral-rich environment in which the Pomona 29 concession (held under contract from NAMDEB) in the Sperrgebiet is located, see www.namibianresources.com website, is finally beginning to payoff!

It doesn't take a great deal of volume to move the stock higher (in percentage terms) as was witnessed earlier this year and this is helped by the fact that a large proportion of the stock is tightly held by people who have done their own research, have complete faith in the management team and recognize the long-term potential value of NBR.

DYOR

[maxmol] 08/5/2006 12:22

Thats better we will soon be showing on the chart for top % gainers
at about number 24 I would estimate.

[ncp3] 07/5/2006 16:56

Thanks for the interesting article, maxmol.

I look forward to the June progress report from NBR!

[maxmol] 28/4/2006 12:39

In todays Investors Chronicle a three page article with
headlines as follows.

DIAMONDS FEATURE - SHARES TO TAKE A SHINE TO

With the global supply of diamonds dwindling, and demand
continuing to surge, shares in diamond exploration and
production companies could add sparkle to your portfolio.
Lee Wild reports.

THEY SAY THAT DIAMONDS ARE A GIRLS BEST FRIEND,but the companies
that mine them could be an investor`s best mate if the surge in demand over recent years continues to outstrip dwindling supply.Experts reckon that demand will rise by around 5 % a year for the next decade as the emerging middle classes in China and India acquire the taste for expensive stones.
Global diamond jewellery sales have already tripled from about $20bn in the early
1980s to around $60bn today, with repotrs of retail sales showing global of between 6% and 7% in 2005. Sales in China alone are expected to grow at up to 20% a year, thanks, in part, to De Beers marketing campaign in the region.
Such is the allure of the sparkling stones that supply is consistently failing to keep
up with spiralling demand, with some of the world`s major producing mines reaching the end of their economic life.
Rough mine supply in 2004 was $10.8bn verus demand of $11bn.That shortfall of $0.2bn was covered by destocking by De Beers, which controls around 60% of the
world`s rough diamond supplies.
But De Beers $5 bn stock-pile hasgradually been sold off over the past 5 years to
fill gap between demand and supply. So by 2012 demand is expected to hit $14bn,
creating a $3 bn short-age in rough-diamond supply, which the world`s major
players - De Beers, BHP Billton, Rio Tinto, Russia`s Alrosa and Aber - just won`t
be able to satisfy.
James Picton, mining analyst at broker WH Ireland, reckons that prices will have
to rise by at least 30% in real terms between now and 2012, which bodes well for many of the Alternative Investment Market`s (AIM) journior explorers. De Beers
actually lifted prices three times in 2005, by a total of 9%, and upped them again by an average of just under 2% earlier this year, with the demand/supply situation likely to prompt further rises.
That`s partly because, over the past 20 years, there has been a steady decline in
worldwide reserves. In the mid-1980`s, it was estimated that there was around
85 years` worth of production in the ground. That figure, though, has now fallen to just 20 years.
Rember, also, that it can take between 5 and 10 years from the discovery of a diamon-diferous ore body to getting a mine into production, while just one in five
kimberlitic pipes turn out to contain diamonds, and only 1% prove to be economic.
Existing sources are disappearing, too. De Beers shut down underground mining operations at its unprofitable century-old Kimberley mine in South Africa late last
year. The closure of three of the company`s mines, responsible for 2.33m carats in
2004, puts a futher dent in global supplies. Output has slipped at Rio Tinto`s Argyle mine, Australia`s only serious diamond source and the worlds largest single producer of diamonds, in 2004. And although Ekati, BHP Billton`s Canadian
mine, now produces almost 4% of current world production by weight, and 6% by
value, this is not expected to last.
One major new mine the size of Ekati is estimated to be needed every two years
to meet rising demand, and there are plenty of junior explorers digging around for
the next big thing.
Interest in the sector has been further raised by talk that Ian Henderson, at US
investment bank JP Morgan, is in the early stages of establishing a new diamond fund.
Mr Henderson is believed to have a few million already in the kitty, with fund and
institutional interest expected to bump up the coffers even more. That fund will give
the sector a seal of approval from the investment and lead to a fresh injection of cash junior diamond explorers.
WHERE TO LOOK
Mr Kenny says that it`s all about knowing where to look. Russia and Canada are awkward, expensive and time-consuming to mine,but South Africa, particulary
Botswana, boasts far more favourable conditions. There, it costs just $10 a tonne
to mine, against more than $100 a tonne elsewhere. Just look at where De Beers
is spending its exploration budget, he says.

Indeed, the company has scaled back significantly in Australia and South America, and is also cutting back in parts in parts of Canada to concentrate on
South Africa, Botswana, the Democratic Republic of Congo and Angola. Of these,
Anglo in particular has huge potential, but gaining the necessary exploration permits can be problematic. Unfavourable and unattractive terms for overseas juniors make it a tough nut to crack.
In Botswana, however, there is no need for local paetners, and permits are much easier to aquire. Here, the trick is to have a munber of projects to spread the risk.
VALUING DIAMOND COMPANIES
With no diamond price in the Financial Times, Paul London, former chairman of BDI Mining, says that the only way to value a company is to calculate what a tonne of rock is worth by multiplying the average price per carat by the grade.
Put simply, it all boils down to the number of diamonds in every tonne of rock, and what people ars prepared to pay for the diamonds, agrees Mr Harman. As a rule
of thumb, the revenue per tonne of rock should be at least 40% more than it costs to extract and sell the diamonds.
Any grade between one-quarter of a carat and 1 carat per tonne with a value of $50
to $100 per carat is considered a reasonable mine.
You should also ask if a discovery is economic. How long will it be before the mine starts producing, allowing for delays in gaining permits? Ekati took seven years from discovery to production, while BDI`s Cempaka project in Indonesia,
took 16 years to come on stream.
You should then consider the mining legislation within the target country. Diamond miners don`t have the luxury of picking and choosing between a large
number of locations, so they are forced into some pretty risky areas, says
Mr London.
In summary, then, theinability of the major diamond miners to keep up with rising
dfmand, fuelled in part by the instatible thirst for diamonds of India and China, has put a big emphasis on the exploration activities of the globe`s gusty explorers.
That has left the market desperate for major new producing mines - and with juniors digging furiously the world over, ther`s a chance that one of Aim`s bright stars might just pull it off.
Lee Wild writes for the Aim bulletin.



It is worth saying that in the East Saltztal sampling, we where getting out an
AVERAGE of 14.8 carats per 100 tons. Mining is now being carried out in this area. The next update should be in the first week of June.


Please DYOR.

[shadowchaser] 27/4/2006 21:30

NBR - As you know ,I just LOVE big diamonds ! -

-Thanks for the pointer Max!


Lol!

-SC

[ncp3] 27/4/2006 11:15

Nice one maxmol, as this bounce has been long overdue!

Just in case anyone is having trouble locating the pictures, you need to go to the 'home page' on www.namibianresources.com and click on the blue bar which is located above and to the right of the picture of the Ida-tal, which says 'CLICK HERE to see our most recent pictures' - there are currently 8 new pictures – which are well worth a look! ENJOY

[maxmol] 27/4/2006 11:09

This is much better, we are now number 20 in the toplists of percentage gainers.

[hatto] 27/4/2006 09:55

Thanks for that maxmol.

[maxmol] 27/4/2006 09:53

The new pictures are now on the website and it does include the
picture of our VERY LARGE DIAMOND ( 6.6 CARAT ).They are now mining
the East Salztal area which seems to go on for miles looking at the
new pictures, this being a very rich source of diamonds.The average
size is larger than the West Salztal, and larger amounts of diamonds per ton of
gravel. The next update should be in the first week of June which will make very interesting reading. It looks like people have seen the pictures because
the share price is starting to increase.
Please DYOR.

[maxmol] 26/4/2006 17:06

New pictures should be on show by this Friday, lets hope they show
the VERY LARGE DIAMOND, it may help us to push the share price a
lot higher, where it should be.
See the new pictures on www.namibianresources.com on Friday.
Please DYOR.

[ncp3] 26/4/2006 10:12

Maxmol, thanks for the update.

[maxmol] 26/4/2006 09:03

The picture update should be by the end of next week.

[ncp3] 25/4/2006 12:07

Does anyone know when the impressive pictures from Tony's last trip to the concession will be available on the namibianresources.com website?

[maxmol] 18/4/2006 11:14

We have made print.

MINING JOURNAL - DATED 13/4/06

NAMRES expands initial mining activities.
AIM-LISTED Namibian Resources plc (NamRes) is continuing to expand
diamond recoveries in the Pomona area of the Sperrgebiet (Diamond
Area No 1), where it mines as a sub-contractor to Namdeb Diamond Corp.
the 50:50 government-De Berrs joint venture.
Pomona forms part of Namdeb`s Bogenfels mining licence, with diamonds contained in loose shallow sand and gravel deposits.
By March 31, 2006, 5,000ct had been recovered at the West Salztal stream-
sediment deposit since NamRes started mining in early 2005,exceeding the
originally estimated resource of 4,200ct. Between 10-15% of diamonds recovered weighed over 1ct, including six stones in excess of 2ct.
At East Salztal, sampling carried out since the start of the year produced
good results, with a total of 219 stones recovered, including 35 between
1ct and 3ct, one of 3.6ct and one of 6.6ct.
The average size of diamond recovered during sampling was 0.66ct at a grade of
14.8/100T.
Mining of East Salztal has now started and two in-field screens will be operated while West Salztal is being drained to deal with a screen-clogging problem.
After this, both resources will be mined in tandem and a second 10t/h dense-media plant may be purchased later this year if justified.

[ncp3] 12/4/2006 13:02

...the sooner the better, although in the next hour would be nice (lol) to reverse the shockingly outrageous decline that is currently being witnessed by yours truly and all the other 'long term' holders!

[maxmol] 12/4/2006 12:45

We should make print somewhere very soon, keep watching.

[shadowchaser] 04/4/2006 21:01

NBR --Diamonds ,lovely Diamonds, don't you just LOVE big Diamonds!!!

I do -

-SC