Nyota Minerals Takeover Rumours (NYO)

Nyota Minerals Chart

Nyota Minerals Takeover Price

Nyota Minerals Takeover Forum Posts

Yes I agree it's worth a punt because anything can happen. But as it stands there is nothing on the table to suggest anything but bust. There is no cash and no assets. Where there are assets another party can decide to inject new cash and make a go of things. Without assets an RTO will be required which will automatically result in another suspension.You can't even have a takeover because there no assets to take over. You can't even have a standard acquisition because the company is too small. It's suspension or suspension.
glenkaz The EGM was cancelled which meant the decision to sell the Italian nickel project did not go through. So the funding was clearly connected to the project. The RNS stated "the proposal warranted further time for consideration and, if appropriate, execution, while maintaining the Company's current status and assets." So somebody is interested in keeping the project going. There aren't that many options open to Nyota. It could be:- A Death Spiral funding A takeover A third party interested in the nickel project. The fact that Christopher Reindler was prepared to take on the cost of the nickel project by purchasing Nyota's 70% interest does indicate that someone somewhere sees value in it. Needless to say it can still all go mammary glands vertical. Not long to wait.
I doubt it will be a reverse takeover for they said..."if appropriate, execution, while maintaining the Company's current status and assets" Another RTO would simply mean another six months of suspension on both markets with no guarantee of a positive outcome. I think this is just a straight takeover. They will not be allowed to relist on the ASX as just a cash shell so there has to be corporate action or they'll just have to delist on the ASX.
A reverse takeover could also take place which would put a completely different construction on the company's assets and or share price. Its very speculative but at this price its only option money. Its potentially another RLH which went up on a mere £250000 investment at 0.1p
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