Namibian Resources Share Discussion Threads

[clarky5150] 28/12/2007 08:20

Looks like back to the same old after that flurry of excitement. Hope 2008 rewards the long termers on here. For me this is another company in my portfolio that seems to be doing everything right bar the share price.

[ncp3] 22/12/2007 12:42

I'm guessing 7-9th January 2008 for the next 'Progress Report' announcement.

After the November price spike, looks unlikely that we'll end 2007 at my 20p target.

[maxmol] 22/12/2007 10:45

Wrong again !!!

Looks like we will have to wait until Jan 2008
for our quarterly results.

[maxmol] 14/12/2007 19:26

Quarterly results should be out next week,
come on Tony make them very good. They
should be because we were told at the A.G.M.
that they would be in full production for the
foreseeable future.

[maxmol] 29/11/2007 10:07

Full production is going well, next quarterly results
should be out late December, they should be very good.

[maxmol] 26/11/2007 23:56

INVESTORS CHRONICLE - 2 November 2007

Written by : Nigel Bolitho


NAMIBIAN RESOURCES STARTS MINING AGAIN.

" Namibian Resources " share price has halved in a year yet it`s
prospecting and mining one of the richest diamond areas of the world
the " Sperrgebiet " area of southern Namibia. The area was closed
off by the Germans more than 100 years ago and stays closed, but
Namibian Resources has exploration and production rights over 120 sq. km.
and has been given other areas to prospect. But little has been going on
recently. In March 2006 record rainfall turned a desert area into a
giant lake and it has taken a year for the sand to dry out. Secondly
the diamond area is made up of pockets of diamonds and, unusually
consisting just of diamonds and quartz with none of the usual
indicator minerals such as garnets to be seen. And with soft sand
hampering diamond production, much of the last 12 months has been
spent prospecting and sampling.

But there has been more action in recent weeks. The company is now
concentrating on the Salzpfanne prospect where a separation plant
will be sited. Namibian is confident that mining this area will result
in "a significant increase in production" in the current three months
but it could also justify processing plant there on a longer term
basis. On the basis of sample results, this deposit could yield 4,600
carats averaging 0.42 carats per stone. That size of stone is well
ahead of the 0.2 carat figure expected when Namibian went public
via an oversubscribed offer-for-subscription at 15p in March 2004-
even if mining progress is not.

Last I.C. View : Buy 24.75p, 10 November 2006.

TIP UPDATE

BUY


( The management knows that the company needs to expand or be
changed. Still a speculative buy.)
-------------------------------------------------------------------------------------------------


Lets hope a few more people read the Investors Chronicle NBR tip
or even read it here. A few more large buys could start moving us
forward to where we should be. Remember production for the first
3 weeks of October resulted in a total of 417 carats. This consisted
of 888 stones at an average size of 0.47 carats per stone. I believe
this is our largest production for a three week period up by 18.5%.

[the mullah] 21/11/2007 12:54

I bought most of my NBR at 10p and am looking for at least a 5x bagger. Holding on like a nit.

[clarky5150] 21/11/2007 07:56

Mullah. Look around you. EVERYBODY in every stock is selling. Hold if you can and soon everyone will be buying.

[the mullah] 20/11/2007 20:09

Oy, who is selling?

[ncp3] 20/11/2007 16:27

Not likely - which is a real shame!

[maxmol] 20/11/2007 14:33

Could be blue again by close.

[seatrader] 20/11/2007 12:03

It did not last for long though.

[bartyboy] 20/11/2007 11:53

Seatrader

Make that were blue!

[seatrader] 20/11/2007 08:31

We are Blue today!

[the mullah] 19/11/2007 21:22

Anything like in that production range and we are rolling.

[seatrader] 19/11/2007 15:22

I make it 1529 carats, for next 2.5 months from 24th October (11 weeks.)

[maxmol] 19/11/2007 14:38

Hi - Hatto

If you look at R.N.S. number 2368G dated 24/10/07.

" I am ( Lord Sheppard ) pleased to report that
mining has recommenced and production for
the first 3 weeks of October has resulted in a
total of 417 carats. This consisted of 888 stones
at an average size of 0.47 carats per stone."

If you do the maths, in 2.5 months, you should
get approx. 1,400 carats. If production is maintained
then the amount found should increase slowly.

[hatto] 19/11/2007 12:27

So the figure you quoted is from.....?

[maxmol] 19/11/2007 12:25

Hi - Hatto

I`m actually hoping for over 1,500 carats,
but only time will tell.

[hatto] 19/11/2007 12:02

Hi Maxmol.....Is that your estimate?

[maxmol] 19/11/2007 11:36

The next progress report should be out
mid/late December with at least 2.5 months
FULL production figures to announce.
It could be over 1,400 carats found within
that period.

[maxmol] 18/11/2007 12:09

After our 51% rise last week, did we make
any weekend papers?

[seatrader] 16/11/2007 10:46

Wonder how many shares are available for trades, not held by the Directors/Institutions.

[maxmol] 16/11/2007 10:37

Now at lucky for some 13th in the top percentage
gainers list, a few more buys would see us in single
figures again.

[seatrader] 16/11/2007 09:45

Stop selling you lot, the share price now falling back down!