Dwyka Diamonds (See LSE:NYO) Share Discussion Threads

[6kenny] 25/5/2009 18:04

Muremera,

If the prospects are so good then why would BHP walk away after having already ploughed $7.3 into the project...this entitled them to an earn in of 10%....they were not interested and walked away...WHY?

[jonny flame] 24/5/2009 19:11

debbiegee - my pleasure, I do not mind at all! Thanks for your positive remarks.
Best regards,
JF

[rutty74] 24/5/2009 16:21

well i introduced this stock on the cr thread after a good mining contact from OZ told me to pile in around 5.75 so i did with around 600000 - looking to buy another 400000 on any weakness. He reckons first target should be 25p and reckoned newsflow will be plentiful. Well that was 2 weeks ago so i'm happy upto now, a trip around various BBs suggests to me some wise names are also getting into DWY so looking forward to making alot of money here. MWA and TMC are 2 bigfaves of mine as well if you fancy a look.

[5070481] 24/5/2009 16:00

I would like to invest in the stock on the basis of their Nickel mine which appears to be a company maker. I am curious to know though how other people are valuing it. I am going on the basis of 9,700,000 tonnes indicated and 2.37% NIckel at $5 a lb. This gives a fairly hefty valuation before costs of mining get taken into account.

I'd love to get get some views on this
Al

[jonny flame] 24/5/2009 13:30

In regards DWY looking to acquire another company and the reasons for this I think the Chairman of GFM sums up the current situation across the mining sector very well;

"The current environment does, however, provide some unique acquisition opportunities which the Company would like to pursue. In a booming commodity market, mining companies and mining assets are given astronomical valuations. Even the small number of assets the Company thought met the financial, political, structural, metallurgical and geological parameters set by the Company, were financially out of reach. The current economic crisis has savagely slashed these companies' valuations and, in some cases, left them in a precarious financial predicament with little or no cash and no hope of raising further funding to survive. It is these companies that management has been evaluating and attempting to acquire".

[jonny flame] 24/5/2009 13:19

Commodity Online
Nickel world market is characterized by rising demand and constrained supply. More than 54% if world total supply comes from only five companies. Global nickel consumption is growing by an average 3.1 per cent a year.

Nickel finds its usage in various industries such as engineering, electrical and electronics, infrastructure, automobile and automobile components, packaging, Batteries etc.

Among base metals Nickel is the most volatile owing to its strong demand and tight supply. Nickel demand is derived demand based on the growth of different industrial sector thus exhibits high volatility.

About 65 per cent of nickel is used in manufacture of stainless steels, and 20 per cent in other steel and non-ferrous including "super" alloys, often for highly specialized industrial, aerospace and military applications.

Supply and Demand

Major producers of Nickel are Russia, followed by Australia, Canada, New Caledonia and Indonesia, which represents over 65% of total world production.

World primary nickel consumption is about 1 million tons. Consumption centers are Japan 2 lakh tons and European Union 3.74 lakh tons.

Rapid expansion of global stainless steel production is fuelling demand for primary nickel.

Important World Nickel Markets

London Metal Exchange.

Indian Nickel Market

Nickel market in India is of total import dependent.
India imports around 30,000 tons of Nickel.
Import duty on Nickel is 15%.
With growth in the stainless steel sector Nickel import demand is expected to increase in the coming years.

India in World Nickel Industry

India meets its Nickel Requirement through import.

[5070481] 24/5/2009 00:11

I would like to invest in the stock on the basis of their Nickel mine which appears to be a company maker. I am curious to know though how other people are valuing it. I am going on the basis of 9,700,000 tonnes indicated and 2.37% NIckel at $5 a lb. This gives a fairly hefty valuation before costs of mining get taken into account.

I'd love to get get some views on this
Al

[jonny flame] 22/5/2009 20:49

May 22 (Bloomberg)

....Nickel gained 5.2 percent to $12,750 a ton. Chinese imports of nickel, used mostly in stainless steel, jumped 95 percent in April to 21,031 tons.

"We believe fundamentals in the nickel market will start to improve by the end of the year as the market surplus declines rapidly and as the stainless steel sector enters a period of restocking," Deutsche Bank AG said in a report today.

P.S. anyone interested in a nice Copper miner is welcome to come and have a chat with me over on the FND thread

[kickstart] 22/5/2009 11:54

TIME FOR A TIP ..... TAKE A LOOK AT SLV (SYLVANIA RES)

[6kenny] 22/5/2009 10:14

keep your heads, the t3,t10 and t20 and t25 gang are cutting loose and hoping to make 10-15% gains elsewhere whilst we hang in and see eventual 200-400% gains in due course.

[ispye] 22/5/2009 09:37

two elephants and a cymbal fall off a cliff...

[jonny flame] 22/5/2009 09:35

ispye - bet thats what u say to all the ladies

[ispye] 22/5/2009 09:23

6.56-6.62 extremely tight spread right now

[kickstart] 22/5/2009 01:54

Thwaiteuk,
I can not keep up with the constant drivel and every tiny move on level 2 posted on the other thread. Most of the daft questions asked could be answered by a bit of reading but everyone is after the fast buck then off. I have built up a large holding recently after selling out last year when they started falling. I do trade but long term following sustained price movements. I believe this is the start of a prolonged rally in the share but there will be many bumps along the way. Conjecture about who DWY intend to buy is a waste of time IMOP, it is a means to an end and the end is Muremera.

[bhindi123] 22/5/2009 00:37

This is an old article but no harm in posting again :-



Extracts below :-

Dwyka has a right to increase its stake from 50% to 70% in the SwaziGold project but has yet to commit to that stake because it is developing a gold strategy around the asset. It has pushed back the earn-in schedule with Swazi Gold Ventures to end-June this year to give it space.

"Our objective is to drill up one million ounces by the end of the year, which we can then put together with other gold projects in the region and Africa, where we are looking at other projects," Sturgess said.

She declined to be drawn on details.

The logical tie up would be with AIM and JSE-traded Pan African Resources, which operates greenstone mines in Barberton and has the vital Biox plant to handle laterite ore, which makes up greenstone deposits.

Another potential tie up could be with JSE-listed Simmer & Jack, which operates in the nearby Pilgrim's Rest and Sabie areas, where it also developing a system to deal with laterite deposits.

"By June we will have developed our strategy on gold. We'll have defined whether we'll put this into production ourselves or put a few other projects together," Sturgess said, adding the Swazi assets could be in production by mid-2010.

[bhindi123] 22/5/2009 00:36

This is an old article but no harm in posting again :-



Extracts below :-

Dwyka has a right to increase its stake from 50% to 70% in the SwaziGold project but has yet to commit to that stake because it is developing a gold strategy around the asset. It has pushed back the earn-in schedule with Swazi Gold Ventures to end-June this year to give it space.

"Our objective is to drill up one million ounces by the end of the year, which we can then put together with other gold projects in the region and Africa, where we are looking at other projects," Sturgess said.

She declined to be drawn on details.

The logical tie up would be with AIM and JSE-traded Pan African Resources, which operates greenstone mines in Barberton and has the vital Biox plant to handle laterite ore, which makes up greenstone deposits.

Another potential tie up could be with JSE-listed Simmer & Jack, which operates in the nearby Pilgrim's Rest and Sabie areas, where it also developing a system to deal with laterite deposits.

"By June we will have developed our strategy on gold. We'll have defined whether we'll put this into production ourselves or put a few other projects together," Sturgess said, adding the Swazi assets could be in production by mid-2010.

[thwaiteuk] 21/5/2009 23:26

Good post kickstart. I'm a long term holder who has been bitten price wise by the recent volatile markets but the plans of the company are very transparent and I'm sure will reward shareholders over time.

I cannot keep up with the mayhem on the other thread.

[debbiegee] 21/5/2009 17:56

Welcome to the gang :-)

[bones30] 21/5/2009 17:41

Me neither - stick to your guns. I've been in this a few months.

[jonny flame] 21/5/2009 17:39

The name of this thread is far better than the old one, will move across to this one now.

[kickstart] 21/5/2009 17:24

Probably Thee Times has its knickers in a twist. The only answer is to be patient and wait to see who DWY hope to buy. I will quote Melissa from the shareholder statement made on 23r April long before the gang on the other thread invaded after getting a tip. I am sure they will dissappear as quickly as they appeared ...


' Assessment of acquisition opportunities - Excellent progress has been made
in this area and we hope to have announcements ready in the near future. Our
team has assessed a large number of Projects and settled on a shortlist which we believe will meet the approval of shareholders. '

She has now nnounced ...
'The Board of Dwyka notes the recent rise in the Company's share price and
confirms that it is currently undertaking due diligence on a third party which
may or may not lead to an offer by Dwyka for all of the issued share capital of
another company. There can be no guarantee that due diligence will be
successfully concluded to the satisfaction of Dwyka and no certainty that any
offer will ultimately be made. '

I have been very patient with this share so far and have no reason to change that stance.It is a long patient game but worth waiting for if the rumour is true that Muremera 'may' contain 6% of the Worlds Nickel. DYOR.

'

[bones30] 21/5/2009 17:00

Its not about the % the price moves. Its about whether there's information that should be disclosed to the market that might be affecting the price from what I understand.