Dwyka Diamonds (See LSE:NYO) Share Discussion Threads

[sportbilly1976] 21/5/2009 00:09

Is the ASX closed today??

[boozey] 20/5/2009 23:28

Form the Times tomorrow:

Rumour of the day

Dwyka Resources, the African mineral explorer with $10 million (£6.4 million) to spend on diversifying its assets, leapt 1p to 6.875p in seven times the usual trading volume, amid talk that it was close to acquiring an African gold or nickel deposit. There was also talk of Obtala Resources, which has a nickel deposit near Dwyka's, raising its 4.9 per cent stake.

[debbiegee] 20/5/2009 22:34

Correct .
RNS office open Sydney time 8.30 to 7.30= bst 11.30 to 10.30

Will be a nice surprise in the morning I hope !

[luckyvince] 20/5/2009 22:27

I'm pretty sure its 07.26 in Oz 22.26 here. so market not yet open.

[debbiegee] 20/5/2009 22:18

I think the last trade this morning was at 15 ,the spread was 14/15 from what I remember but they opened the spread after close as they do.
Advfn show the trades but only daily ,there is no history.

Just looked into ASX and dwy havnt had the rns there yet.
Anybody know what time they release ?

chicken charlie are you in OZ ?

[sportbilly1976] 20/5/2009 22:08

PAV,

Well the current spread (closing one from yesterday) was 0.12-0.18.

I am not sure what the conversion ratio is...but the fx is around 2.00

[pav 1] 20/5/2009 22:04

chicken charlie, what is u.k equivelant of price in oz

[debbiegee] 20/5/2009 22:02

Good morning chicken charlie :)

[chicken charlie] 20/5/2009 21:56

Up 25 per cent in australia

[logica2me] 20/5/2009 20:09

Deep pockets and an ideal time to take advantage of a company that's undervalued.

[mzj71852] 20/5/2009 20:06

Sturgess said that she would be spending Thursday talking to fund managers and mining investors in Johannesburg on the BHP Billiton gap the company would like to fill by attracting another "earn-in" investor.


Importantly, the company has £7,3-million in cash: "We did a financing just before the market crashed. I think we were the last junior in London to do a significant raising," Sturgess said.

At the current rate of "cash burn", the £7,3-million would last the company another five years, depending on what it decided to embark upon.

Sturgess said that the bulk of the company's shareholders were on the Aim and, for the last five years, Dwyka had only raised money on the Aim market.

[logica2me] 20/5/2009 20:01

Apologies if it's already been posted, but this article looks good

[jonny flame] 20/5/2009 18:27

MUNALI

The Munali nickel deposit is located approximately 60km south of Lusaka in southern Zambia. The project is well served by road, rail and powerinfrastructure as well as water supplies. Munali is 100% owned by Albidon. The project currently comprises two deposits, the Enterprise deposit, also referred to as the Munali Phase 1 project, and the Voyager deposit.

[jonny flame] 20/5/2009 17:43

Personally I would be surprised if it was Minerva, unless they are just going for the Ethopian gold licenses.

We will soon find out but on an initial look at Minerva I would, in my humble opinion, discount them.

[jonny flame] 20/5/2009 17:39

Possible Offer 24 April 2009

Minerva Resources plc (AIM: MVA)

Possible Offer

The Board of Minerva Resources advises the following update to the
market on its funding status.

The Company confirms that it is in discussions with a number of
parties regarding financing and corporate transactions, which may or
may not include an offer for the entire issued and to be issued share
capital of the Company. Shareholders should be aware that there is no
certainty that an offer will be forthcoming and no certainty as to
the terms on which any offer might be made.

[andrbea] 20/5/2009 17:04

will be interesting to see how dwy does down under (post news)

[debbiegee] 20/5/2009 16:59

Well we didnt get the full 25% from oz s0 I hope if they retrace they dont wipe it off here ?
Sentiment and momemtum seem to be with us now !

[love it] 20/5/2009 16:54

So who bought the 50k at 7.5p just shown

[debbiegee] 20/5/2009 16:36

I took some more at 7,got a good feeling with this 1.
and some just under 6 yesterday

[nicksig] 20/5/2009 16:31

Exciting day. andrbea - it will be interesting to see who this turns out to be

[love it] 20/5/2009 16:28

7p offer 2 bid 1 offer. Do I buy more not clue what will happen in the am lol

[andrbea] 20/5/2009 16:27

on iii board this week they discussed who the likely target would be (for an acquisition)

Minerva Resources was mentioned
as was:

Munai is up for grabs at distressed nickel miner Albidon in Zambia


nia dyor

[george57] 20/5/2009 16:25

It will be interesting to see what happens in oz tonight,I'm in meetings all day tomorrow, so can't follow but I expect fireworks.Target in month 14p+

[debbiegee] 20/5/2009 16:24

tHAT WAS AN EXCITING HALF HR ,WELL WORTH WAITING FOR !