Dwyka Diamonds (See LSE:NYO) Share Discussion Threads

[fiat lux] 21/5/2009 08:18

again it's the lack of debt that's the most important factor here. total value created is kept within the company

[mg78] 21/5/2009 08:17

Happy to have added some of these recently.

[rutty74] 21/5/2009 08:13

we're going to the moon - well 50p for starters, been hammered down this one and now its a nugget.

[love it] 21/5/2009 08:13

ABNR MM on the higher bid yep overang gone. 1 offer as well

[nicksig] 21/5/2009 08:12

AMBR moved out on the bid on their own

[love it] 21/5/2009 08:07

Where we going? Price wise

What timing overhang cleared then we get that rns and we are in the papaers. Loverly

[fiat lux] 21/5/2009 08:04

4 v 1 she's gonna blow

[love it] 21/5/2009 08:03

3 v 1 now nice

[nicksig] 21/5/2009 08:03

Now 3v1. AMBR joined on the bid

[fiat lux] 21/5/2009 08:01

2 v 1 25K each

[fiat lux] 21/5/2009 07:59

from other thread

I dont know where you lot have suddenly appeared from but none of you seem to know much about the company.

Whatever DWY buy with their few million $ is insignificant compared to the possible ramifications and value of their Muremera Nickel project.It will take several years for DWY to prove its worth but if they are correct about Muremera it could be one of the world's largest Nickel deposits. It is just a few Kilometers from the massive Kabanga deposit owned jointly by Xstrata and Barrick.Kabanga is the worlds largest undeveloped Nickel project and they think Muremera' could' be as big. However this is no quick buck other than for day traders as there will be a massive amount of expensive work to prove up the potential of the deposit.BHP Billiton have already spent millions and there is much to be done.Dwyka are trying to be a near producer of something? to give them an income stream to fund exploration of Muremera ( imop).
However,it is a massive coup that tiny DWY own the licences for Muremera 100% and in the long term this could prove to be the best investment you ever make. ALL IMOP.

[rutty74] 21/5/2009 07:56

fiat lux, this stock has been close to 70p, you are indeed correct, the stock is ludicrously cheap.

[nicksig] 21/5/2009 07:56

In the light of Bhindi123's post above?

[bones30] 21/5/2009 07:55

nicksig - was discussed on the other thread.

[nicksig] 21/5/2009 07:54

Some nice press coverage. Could be another good day here. Anyone any thoughts on my post above?

[fiat lux] 21/5/2009 07:38

only just noticed this stock but it seems hugely undervalued. What is interesting is the £5.5M worth of assets and exploration assets given to DWY by BHP. That alone represents around 50% of its mkt cap. Cash stands at around 90% of its mkt cap with its natural assets for nothing.

no debt so no leverage drag on the price

from what ive read on this thread the 'seller' has now been cleared as well

[fiat lux] 21/5/2009 07:34

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.

[nicksig] 21/5/2009 07:26

bhindi - interesting post. Noone seems to have commented on the last two holding announcements. On the 23/4 Obtala's holding went from 9,275,000 to 10,075,000 shares but by 8/5 they no longer had a disclosable interest. Strange?

[crosswire] 21/5/2009 06:52

No trades at all on ASX......

Check out CFU... 11 million trades.....up 11%

[bhindi123] 21/5/2009 05:12

Could it be DWY are attempting a 'friendly' RTO on Obtala Resources (OBT), thus gaining 29% of Kopane Diamonds (KDD) as well ? A couple of months ago DWY were doing 'due diligence' on two companies. Now, according to yesterday's RNS, they're doing one. I suspect the due diligence on OBT is finished and now we're just waiting for KDD to be completed.

If the above was the case could any of you experts out there suggest how the DWY shareprice would be affected ?

[debbiegee] 21/5/2009 00:27

rnss from 11.30 maybe trading from 12.30 and advfn delayed 15 nins?