Member Info for Spec

I maybe missing somethings but not a lot of the BS and hype being spouted. Be careful with that Toll charge also as that is gonna increase with the low grades. There even including drill results of grades that were below previous cut off. Read the RNS's, then read between the lines.

I met Greg as well. A lot of questions but gave him the benefit of the doubt. Now I wouldn't trust him as far as.... The recent warrant exercise is a massive red flag as well. We have had some drill results which had a few good metres but obviously went setting the world alight. The 1st news we were due to receive re: Q3 production was resource estimates for bolsini. Also toll charge then start up. Same process for Tupeli (can't remember proper name) for Q4 production. It is now obvious that these are not viable. Rather than tell the truth, NMG released a 'sexed up RNS'. Now it is very likely that the main source of the quartzite gold is being mined by NMG'S partner leaving the dregs for NMG. The other major problem I envisage is due to the size of the mining license which some see as a positive. The Soviet resource may well be near correct. However, it looks like it is spread pretty thin all over the license area. The recent 'significant increases' do not get my motor running. All this to me suggests that NMG are going to have to get very lucky and find something that may not be there. That is also going to cost. So if all this is the case then the warrants would appear to be a reward for failure paid for by the shareholders. If u want a gold play, there are much better out there with mid tier resources that will be in production sooner than NMG. If you want a copper play then there are better out there as well. If you like to gamble when the odds are stacked against then stay here.

Still selling, how far they going?

Of those sells are buys. Or I need a change of broker.

I'd gotten warrants at .14. Would of made a nice profit.

I smell a rat here is well! Could be wrong but I'm out. Trust your instincts.

Always the danger. Had some high grades for a metre or so but a lot below or just on cut of grade. A lot of gold/copper, spread very thin ??

We calculated how much resource would be mined from initial open pit mining and realised it wasn't worth it.?????

I use them a lot. Always at the services and on high stretch. The new breakfast deal is good value. I'm thinking they will do OK if a recession hits.

The rise?

Modern Techniques including the acquisition of an IPU to identify the higher value targets within the whole license area with old soviet JORC estimates of over 6 mill oz Au and 22 mill oz Ag. That's not including the Copper and Zinc. The model & strategy look solid

Loads of potential here with a fastrack, low cost route to production this quarter with increase in Q4. Profits to be reinvested in mining for the larger, deeper resources. Should see initial mining resource numbers soon, Toll agreement, and production start up, all this Quarter. Initial open pit mining ops planned for 50000 tonnes. Funded to start up. Drilling programs ongoing for further fastrack mines within license areas. Local partner supplying plant for a Toll charge so no capex to NMG. Toll charge could be around $500 oz. Placing to buy additional license area was a surprise and recent warrants a bit of a let down as well. More a reward than an incentive. Last check, board held around 10% of shares with only 1 above 3%. Make or break this quarter imo.

Large shareholding by II's here. I doubt they would be happy being diluted.

Aye, confidence in management is key here. Happy to be patient as the RIGHT asset is purchased.

CEO Steve Staley of Cove Energy and 88e fame. Directors and major shareholders own anything above 49% of shares. Fully funded for license area. Very low Corporate costs. Currently performing due dillegence on potential asset purchases primarily focuses in Morrocco. SP creeping up lately. Quote from CEO ' we're not in the business of going bust'. Slow burner so far but could move fast!

Upland believes that a modern high-angle well in the Hardstoft structure could access reserves over a much larger area than can have been seen by the original wells. Details of the prospectivity of Block SK46c are set out in the Prospectus. In summary, an independent Competent Person's Report ("CPR") prepared by Blackwatch Petroleum Services Limited ("Blackwatch") on behalf of Upland estimates there to be 3.10 MMbbl of contingent resource plus 3.65 MMbbl prospective resource (making a total of 6.75 MMbbl resource) in the broader Hardstoft structure alone, all sitting in Block SK46c and on a 'best' or central case basis. Total Hardstoft resource net to Upland, based on Blackwatch's CPR, is estimated at 1.125 MMbbl. Blackwatch estimates the chance of success for the contingent resource at 80% and 64% for the prospective resource. The Company estimates its interest in Hardstoft alone to be worth about 2.2p/share on a risked basis.

Ah year high after Phillipines supply concerns.

At least in factory/farming the workers get the same money. In the transport industry they have used a loophole to circumvent minimum wages/our laws. It's not importing goods made with cheap labour, it is importing the cheap labour itself. No employment act or rights there and milk money paid.

And from an economic sense, yes it keeps the prices of goods down but is negative for growth.

In a lot of cases the trucks don't leave. They just minibus in replacement drivers and take the others home.