Nyota Minerals Share Discussion Threads

[markb125] 08/9/2014 10:17

i just get the impression that one word was misleading?

the word .....on

It is important to note that any person who acquires Nyota Shares on or after
the Ex-Date detailed in the indicative timetable above will not have an
entitlement to participate in the KEFI Distribution and therefore will not
receive KEFI Shares.

still the rules are the rules?

so is everyone happy

Mx

[the stigologist] 08/9/2014 10:10

at least someone has a clue

[markb125] 08/9/2014 09:53

i am not so sure a sell data is a sell date?

M x

[markb125] 08/9/2014 09:51

so all who bought and sold today are ..................FU.......ED

all proceeds go back to the company

Mx

[code677] 08/9/2014 09:50

The 3 day settlement applies for both buys and sells thus todays sellers will still be classed a holder on the record date for calculation purposes and will get the dividend

[the stigologist] 08/9/2014 09:47

yes and given 3 day settlement if you buy or sell today you won't have bought in time for the record date so that is why it went EX today

[markb125] 08/9/2014 09:44

Not so fast ?

from RNS

Subject to the approval of Resolutions 1 and 2, following the completion of the Sale
Transaction, Nyota will conduct an equal reduction of its share capital (i.e. return of
capital) by way of a pro-rata in-specie distribution of the majority of the KEFI Shares
it holds (being 152,481,158 KEFI Shares) (KEFI Distribution) whereby each
Eligible Nyota Shareholder will receive 1 KEFI Shares for every 6 Nyota Shares that
they hold on the Record Date (Capital Reduction)


YOU NEED TO BE A SHAREHOLDER OF NYOTA ON THE RECORD DATE 10/09/2014?

Mx

[philfromfrance] 08/9/2014 09:32

Just goes to show, there are situations like this, where you can trade a good profit.
Anyone buying near the low of 0.19 & who sold today for 0.20 ish, will have shares in KEFI worth 0.25 (ex. NYO today, on basis of 1 for 6 & bid price of 1.50p) & has therefore over doubled their money, giving a total of 0.45p for each NYO bought!!
Sold just under 2m this morning, with ave. at about 0.21, so quite happy with my 0.46p return & will be quite happy to hold the KEFI for a while & see what their rich backers come up with!!

[the stigologist] 08/9/2014 09:10

MM's and punters very slow on this one

[the stigologist] 08/9/2014 08:41

very odd

has gone 'ex-dividend' today and should be down 90%

[the stigologist] 07/9/2014 12:58

robjm66
7 Sep'14 - 12:26 - 1221 of 1221 0 0

(not a nyota holder)

hxxp://www.thereporterethiopia.com/index.php/news-headlines/item/2474-renaissance-dam-reservoir-may-cover-gold-deposits

A senior geologist at the Ministry of Mines told The Reporter that there are alluvial (placer) gold deposits around the Grand Ethiopian Renaissance Dam. Artisanal miners have been panning placer gold in the region for the past many years. The expert said it would be wise for the government to extract the gold before finalizing the construction of the dam and start holding water. “Once the dam is built and water is stored in the reservoir this it will cover the placer gold deposits,” the expert said. “Once it is covered by water recovering the gold will not be economically feasible.”

(Extracts pulled the most significant bits out.)

The expert went on to say that since there are placer gold deposits in the area it is wise to allow small-scale gold producers extract the deposits as soon as possible.

Alluvial gold deposits in Ethiopia are usually reserved for exploitation by artisanal miners. However, the company said as the deposits will be flooded, large-scale mechanized mining to maximize potential gold recovery is receiving favorable consideration.
The flooding caused by the dam will not affect the highest priority hard rock gold exploration targets in the company’s Northern Block licenses.

The Reporter can confirm that officials of the Ethiopian Ministry of Mines and Nyota are discussing the matter. The Minister of Mines, Tolossa Shagi Moti, told The Reporter that Nyota asked the ministry to be given a small-scale alluvial gold production license. “They have asked us and we are reviewing their request. We are holding talks with them. It has not been decided yet,” Tolossa said.

“We are looking on the possibility that they can produce alluvial gold. There are many things that we consider. It can be done with simple technology. But we have to see the country’s mining law, impact on the environment and other related issues, ” the minister said.

Nyota also holds exploration licenses covering regional gold targets in the Northern Blocks (approximately 100km north of Tulu Kapi), which the company believes have the potential to become future standalone projects.
-----

Think there is a chance Nyota will get the go ahead for its alluvial gold operaton reading this, as the minister of mines is quoted directly and the expert from the ministry is recommending an alluvial gold operation.

Odd timing if it had come out a day or two earlier you would have had more buying what with the kefi shares distribution.

If the company can make a success of the alluvial gold operation it would be able to regain some credibility and maybe have a better chance with its remaining areas.

[robjm66] 07/9/2014 12:26

(not a nyota holder)

hxxp://www.thereporterethiopia.com/index.php/news-headlines/item/2474-renaissance-dam-reservoir-may-cover-gold-deposits

A senior geologist at the Ministry of Mines told The Reporter that there are alluvial (placer) gold deposits around the Grand Ethiopian Renaissance Dam. Artisanal miners have been panning placer gold in the region for the past many years. The expert said it would be wise for the government to extract the gold before finalizing the construction of the dam and start holding water. “Once the dam is built and water is stored in the reservoir this it will cover the placer gold deposits,” the expert said. “Once it is covered by water recovering the gold will not be economically feasible.”

(Extracts pulled the most significant bits out.)

The expert went on to say that since there are placer gold deposits in the area it is wise to allow small-scale gold producers extract the deposits as soon as possible.

Alluvial gold deposits in Ethiopia are usually reserved for exploitation by artisanal miners. However, the company said as the deposits will be flooded, large-scale mechanized mining to maximize potential gold recovery is receiving favorable consideration.
The flooding caused by the dam will not affect the highest priority hard rock gold exploration targets in the company’s Northern Block licenses.

The Reporter can confirm that officials of the Ethiopian Ministry of Mines and Nyota are discussing the matter. The Minister of Mines, Tolossa Shagi Moti, told The Reporter that Nyota asked the ministry to be given a small-scale alluvial gold production license. “They have asked us and we are reviewing their request. We are holding talks with them. It has not been decided yet,” Tolossa said.

“We are looking on the possibility that they can produce alluvial gold. There are many things that we consider. It can be done with simple technology. But we have to see the country’s mining law, impact on the environment and other related issues, ” the minister said.

Nyota also holds exploration licenses covering regional gold targets in the Northern Blocks (approximately 100km north of Tulu Kapi), which the company believes have the potential to become future standalone projects.
-----

Think there is a chance Nyota will get the go ahead for its alluvial gold operaton reading this, as the minister of mines is quoted directly and the expert from the ministry is recommending an alluvial gold operation.

Odd timing if it had come out a day or two earlier you would have had more buying what with the kefi shares distribution.

If the company can make a success of the alluvial gold operation it would be able to regain some credibility and maybe have a better chance with its remaining areas.

[the stigologist] 05/9/2014 22:38

Should be interesting to see how it trades Monday as should open 90-99% down

[the stigologist] 05/9/2014 22:32

.

CPR released on Northern Block - BBR Interview with Richard Chase



Prospectus 30th July 2014



Corporate Presentation February 2014

[falia] 01/8/2014 10:35

WILL MOVE VERY QUICKLY

[estseon] 31/7/2014 09:20

Follow progress of TK on the Kefi bb:



Updated DFS now being subject to independent review with the revised mine plan to follow.

[estseon] 31/7/2014 09:18

Follow progress of TK on the Kefi bb:



Updated DFS now being subject to independent review with the revised mine plan to follow.

[hyper al] 25/6/2014 09:06

Who purchased JPM's shares?

[datait] 25/6/2014 09:02

This is not looking good when jpm reduce their holding, cant see this survive now.

[bam bam rubble] 12/6/2014 14:37

Reasonable arb opportunity;

Buy 1,000,000 NYO and the dividend of KEFI shares covers the outlay
Short equivalent amount of KEFI shares to offset any retrace there
Left with 1,000,000 free NYO shares

[timingjim] 01/5/2014 06:28

Nyota Minerals looks to Northern Block gold licenses to create value

[epiphany99] 02/4/2014 14:47

Is the great AIM resource bear market in its death throws? NYO mentioned