We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Namibian Res | LSE:NBR | London | Ordinary Share | GB0034380625 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.325 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
10/11/2006 12:45 | Well just goes to show what a bit of PR does for you, even if it`s not all correct. In the "Ivestors Chronicle" dated 10th Nov. 2006. Under AIM: DIAMOND RESOURCES. NAMIBIAN RESOURCES (NBR). It may or not be the effects of global warming but in March this year, Namibian`s diamond exploration area some 900km south of Windhoek was hit by the worst rain storm since records began. In 24hours. a desert area became a giant lake, with water rising up to the top of road signs. As a result, much of Namibian`s production acreage became inaccessible as access roads were washed away. Work had to stop on the particularly rich East Saltztalacreage and a sampling programme has started instead on the Annatal area just north of East Saltztal.There past records show that diamonds of between0.25 and one carat were recovered in the early 1900`s, when it was mined by Germans. Yet Namibian Resources still managed to increase 2006 half-year sales and profits. The latter were boosted by a combination of lower sales costs and only a modest rise in administration expenses. So net cash balances are now up to £800,000. In the half year, the number of diamonds recovered rose by a fifth to nearly 6,700,while the average stone size rose from 0.59 carats to 0.68 carats. In total, carats produced jumped by a third to close to 4,400. Thats only 500 or so less than produced in the previous 12 months. Namibian`s acreage is only 4km by 200 metres in size.(This is the incorrect bit, the area 4km by 200 metres is the Saltztal acreage,the total acreage of Namibian Resources is 10 km by 12 km approx.) but it reckons that there are enough diamonds to mine for the next 10 years. It`s licence to mine diamonds runs until April 2012 and is renewable for another 10 years thereafter. TIP UPDATE Through lack of interest, the shares have fallen back from over 50p early in 2005. BUY. Lets hope a few more people read the above article in the Investors Chronicle and begin to get this share moving in the correct direction, upwards. I still believe we can reach 100p within 18 months / 24months. | maxmol | |
02/11/2006 12:49 | Post removed by ADVFN | Abuse team | |
01/11/2006 17:34 | Assuming a six month profit translates into £200k for the year this would appear to put us on a p/e of 48.How is this justified.If the company could ramp up operations utilising its cash would this increase profit and the share price? | mjcferguson | |
31/10/2006 12:55 | couple of buy's going through today....... | eggbird | |
29/10/2006 15:19 | Meson - thanks for the informative write-up and totally agree with you that this will be a long-term WINNER! Maxmol - interesting comments, which I agree with, particularly point 1. | ncp3 | |
29/10/2006 00:09 | MESON - I agree with all of what you say about Tony Carlton`s ( drive and commitment ), but even with the great results in locating the large number of diamonds, I can`t see us getting the share price substantially higher until one of the following happens: 1. Good PR, like in the early days when we had a write up in the Daily Telegrath. 2. To obtain other exploration licences, either within Namibia or in another country. 3. Given that the company is now cash rich, the surest way is to expand NBR by taking over another company and then with good results/PR sell the larger company to one of the large players, which may take 18/24 months to achieve. Within an 18/24 month timeframe I feel a share price of £1 is not unralistic. Obviously this is all in my opinion, as ever DYOR. | maxmol | |
28/10/2006 22:30 | Thanks for that meson....most interesting. | hatto | |
28/10/2006 22:01 | Following the formal business Tony Carlton answered a few questions and gave a slide presentation showing existing and proposed workings plus remaining flood-waters (were these unprecedented floods a one-off or a symptom of global warming?) Everyone seemed pleased with results for last 6 months - particularly in light of the flooding. Answer to question on PR was that Board were as frustrated as shareholders - £35k had been spent on PR consultants to very limited effect. This arrangement had been discontinued. Problem identified as it being a buyers market with many fledgling companies all fighting to get their cases in front of a finite number of business editors, analysts, etc. Encouraged that Board fully appreciate problem and are working on resolving it. (Last year's response to a similar question prompted a more defensive response). Other questions asked on maintenance (professional approach being adopted), duration of exploration licences (to 2012 with option to extend to 2022) and new developments ( a number considered but none have so far met requirements). My take on the meeting was that the company has a good team (may be a bit older than most but I would challenge anyone to find a CEO of half the age of Tony Carlton who would be able to match his drive and commitment), old fashioned values (e.g. putting shareholders interests before executive compensation), and with exploration prospects as exciting as they have ever been. With a bit of good fortune (i.e. some decent weather and picking the right spots to expolore - with 120 sq kms they are rather spoilt for choice) and some patience, I am still confident this will be a winner. Would welcome Maxmol's and other's thoughts on this. Please DYOR. | meson | |
27/10/2006 19:44 | Sadly, due to prior work commitments I was unable to attend the AGM today, did I miss any news or comments from the Board - especially on the PR front? | ncp3 | |
25/10/2006 20:56 | Excellent results and just a matter of time before this share price starts to go North...IMHO of course. Hopefully we shall see their own Company Directors buying up shares! | sunshine57 | |
25/10/2006 18:15 | mgn1 - I couldn't agree more. It should now be trading between 30-40p based on today's news, in my opinion. The results today are superb and even exceeded what I was expecting to see passing through the P+L account! WHEN (plse God!) we get the much needed publicity that this stock is due, NBR will power ahead. Nice one, Tony! | ncp3 | |
25/10/2006 17:57 | i just dont get it .surely this thing is the wrong price,but we need the world to know | mgn1 | |
25/10/2006 17:16 | The Company Results issued today all point in the right direction. Will this mean that the share price moves in the right direction??? It should do - anyone else's thoughts on this - or will we need the AGM on Friday before we see a tick up??? | blues100 | |
25/10/2006 09:42 | Namibian Resources H1 profit up; production achieved despite record rainfall LONDON (AFX) - Namibian Resources PLC posted a first-half operating profit which was over twenty times the level of the previous year as the diamond mining company achieved production despite the worst rainstorm in the region since records began in March this year. Stones recovered in the first half increased 20 pct to 6,650 and carats produced rose to 4,391 from 3,276. The company explained that many of its areas were severely flooded and access tracks washed away. It said part of the East Saltztal region is still flooded but the water is gradually evaporating and the company estimates that a further 3,000 carats might remain on this particular resource but mainly under water. As such, it intends to carry out a sampling programme on the Annatal just north of the East Saltztal. Namibian Resources posted a pretax operating profit of 107,394 stg for the six months to end August compared with 4,760 stg a year earlier. Net profit was 115,429 stg compared with 9,016 stg in the year-ago period. Sales increased 34 pct to 396,353 stg from 294,459. | eggbird | |
25/10/2006 08:11 | Namibian Resources PLC 25 October 2006 Interim Results 31st August 2006 NAMIBIAN RESOURCES PLC CHAIRMANS STATEMENT INTERIM RESULTS I am very pleased to announce the unaudited interim results for the six months ending on the 31st August 2006. Highlights - figures comparative to first six months of financial year 2005. Turnover - increased to £396,353 from £294,459 an increase of 34% Pre-tax operating profit - increased to £107,394 from £4,760 an increase of 2256% Net current assets - increased to £600,526 from £113,407 an increase of 529% Stones recovered - increased to 6,650 from 5,576 an increase of 20% Carats produced - increased to 4,391 from 3,276 an increase of 34% Average stone size - increased from 59 carats to 66 carats an increase of 12% Grade i.e. carats per 100 tons - increased from 23cpht to 28cpht an increase of 22% This production has been achieved despite the worst rainstorm since records began which occurred in March. Many of our areas were severely flooded and access tracks washed away. Part of the East Saltztal is still flooded but the water is gradually evaporating. We estimate that a further 3,000 carats might remain on this particular resource but mainly under water. We intend therefore to carry out a sampling programme on the Annatal just north of the East Saltztal where past records show that stones of between 25 and 1 carats were recovered in the early 1900's. We will return to the East Saltztal when the sampling programme is complete. It is encouraging to note that carat production for the first six months of this financial year is only 533 carats less than for the whole of the financial year ended on 28th February 2006. Costs - for the first six months have been contained overall in spite of a large increase in diesel price. Staff - the company have paid particular attention to staff welfare and safety. A modern kitchen and dining room is provided with food of very high quality. Satelite television is provided as well as pool and darts. All employees are provided with bedding, overalls, hard hats, anoraks, jumpers and gloves. Weatherproof accommodation, shower and toilet facilities as well as laundry facilities are provided. The board looks forward to further progress being made in the second half of this year. Lord Sheppard of Didgemere KCVO Kt Chairman | bluesbeater | |
21/10/2006 14:38 | The AGM is being held at 11.00 am on Friday 27th October, at Stringer Saul, 17, Hanover Square, London w1. | maxmol | |
20/10/2006 16:47 | chaps when and where is the agm thanksin advance | mgn1 | |
20/10/2006 16:27 | no trades again, no publicity, no change, would like to hear some PR news that will set this one alight | bluesbeater | |
18/10/2006 23:07 | Before the AGM, which is next week. They should look very good. | maxmol | |
18/10/2006 17:18 | Does anyone know when the half-yearly results to 31/08/06 will be released? As I think that it will either be tomorrow or next Tuesday! | ncp3 | |
05/10/2006 10:28 | Exactly. The amount of cracking companies out there that false economise by not throwing some cash at PR. The returns in the stock price would be more than compensatory. | clarky5150 | |
04/10/2006 19:37 | .. one step forward and one step back! MEDIA COVERAGE in some form would be good! | ncp3 | |
04/10/2006 09:16 | still drifting... | clarky5150 | |
03/10/2006 16:25 | Post removed by ADVFN | Abuse team |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions