Share Name Share Symbol Market Type Share ISIN Share Description
Dwyka Diamonds (See LSE:NYO) LSE:DWY London Ordinary Share AU000000DWY1 ORD SHS NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 7.25p 0.00p 0.00p - - - 0 06:30:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining - - - - 16.23

Dwyka Diamonds (See LSE:NYO) Share Discussion Threads

Showing 3526 to 3549 of 3700 messages
Chat Pages: 148  147  146  145  144  143  142  141  140  139  138  137  Older
DateSubjectAuthorDiscuss
24/7/2009
14:53
Thanks investinggarden, if this is true that they are planning to produce 65,000 oz a year in two years time from the Ethiopian assets then that is very exciting news. 24/07/2009 Robert Tyerman Reduce text size Decrease text size Increase text size Increase text size Print article Print Share this article Share Email article to a friend Email Africa-focused Dwyka Resources has set a one million oz target for new acquisition Minerva Resource's Ethiopian gold project. Now the West Australia based company's £1.8 million paper bid for Minerva has gone unconditional, chairman and chief executive Melissa Sturgess says Minerva's Tula Kapi gold prospect in Ethiopia should be in production in two years at the rate of 65,000 oz a year from a resource estimated by independent consultants to be in the region of one million oz. Since the offer is in shares, it leaves AIM-quoted Dwyka's £6.3 million cash stash untouched, while giving Minerva sellers 12 per cent of the enlarged Dwyka. Dwyka, which has already been through several incarnations since its flotation at 40p eight years ago, is retaining Minerva's project team and will now concentrate primarily on the Ethiopian gold prospects, says Sturgess. The company's nickel venture in Burundi is now seen as a five to ten year project. Dwyka shares have had a rough ride since their original AIM float, trading between 17.5p and 2.5p over the past 12 months. Now 6.38p, valuing the company at £12.2 million, they have speculative appeal for sector fans.
jonny flame
24/7/2009
13:34
Dwyka targets 1m oz - news story http://www.growthcompany.co.uk/news/1061357/dwyka-targets-1m-oz.thtml
investinggarden
24/7/2009
12:50
http://www.growthbusiness.co.uk/news/smallcap-spotlight/1061357/dwyka-targets-1m-oz.thtml
bones30
24/7/2009
09:45
At 10.40 6.35 to buy / 6.25 to sell so surely the 250K was a buy so why the tick down?
luckyvince
23/7/2009
15:29
Some nice buys at the end there.
beagrie
23/7/2009
07:07
looking good this one, remember this has been near 60p, never should be have gotten this low. 20-25p range seems right.
rutty74
23/7/2009
07:04
rathkum, thanks for that: "Tiddler to watch Dwyka Resources rose ½p to 6p as it outlined its plans for the Tulu Kapi and Yubdo gold prospects in Ethiopia after effectively taking control of Minerva Resources. The group plans to expand the Tulu Kapi project through further exploration and investigate the possibility that the asset is part of a new gold province."
realcooltrader
23/7/2009
00:32
http://business.timesonline.co.uk/tol/business/markets/article6723883.ece
rathkum
22/7/2009
10:13
Just put them on filter JF.
petermoran
22/7/2009
10:08
I wish people would stop pushing TMC on here.
jonny flame
22/7/2009
09:54
Perhaps we could have some comparative analysis to help us make that judgement you eejit!!
fairdeal2008
22/7/2009
09:23
I t certainly feels good here,those of us that have ot in at these levels should not regret it !
debbiegee
22/7/2009
08:19
I spoke to the people at Minvera before eveything blew up. They were extremely excited about Tulu Kapi and the new potential gold province. My own feel was that there was a multi million ounce high grade resource there. Now Dwyka has it and can push forward development. Am sure they can make it self funding through small scale mining of the higher grade areas and relatively quickly. Production seems to be the key with the small gold stocks at the moment. If they can become self funding and move awway from institutional dependence then they have a future without excessive dilution. This has to add substantial value to the DWY offer. But there are some crazy valuations out there at the moment. Another stock I have is SHG which has £3,5mn cash and 2.6 million ounce gold jorc - comnpany valued at just £4million. Crazy imho.
fairdeal2008
22/7/2009
07:56
There are no flies on Melissa Sturgess, she knew what she was doing when she bought Minerva.Terry McConnachie the MD of Sylvannia (SLV) is also on the board of DWY as a non exec and his Platinum experience will be invaluable.I have met him several times and his record is impressive.
kickstart
22/7/2009
07:48
Defintely looks like they have a plan moving forwards. Good news.
cagey76
22/7/2009
06:12
Sounds like a good strategy to me.
jonny flame
22/7/2009
06:11
Dwyka Resources Limited 22 July 2009 Work programme commences at Ethiopian Gold Projects Highlights * Work programme has commenced, with focus on the Tulu Kapi and Yubdo gold prospects alongside Dwyka's existing assets * Results of Minerva's 34 hole drilling programme at Tulu Kapi to be used with the intention of rapidly establishing a JORC resource and fast tracking the project to development * Short term three pronged approach adopted: Venmyn Rand commissioned to undertake an independent review of the assets to assist the Board in determining its future work programme; drilling done to date to be converted to a maiden JORC compliant resource; trench work being undertaken to identify suitable drill targets for the drilling season which will commence in September 2009 * Plan to expand Tulu Kapi project through further exploration and investigate possibility that Tulu Kapi is part of a new gold province * Dwyka to use in-house platinum processing expertise to progress Yubdo platinum asset from current pilot plant phase. Dwyka will immediately undertake a detailed review of the mineralogy and plant design and has budgeted for further exploration Following the announcement made by the Company last week that its takeover offer to acquire the entire issued share capital of Minerva Resources Plc ("Minerva") has been declared unconditional in all respects (following receipt of valid acceptances representing approximately 80.9% of Minerva's issued share capital), the Board of Minerva has now been replaced by Dwyka Directors Melissa Sturgess, Terry McConnachie and Evan Kirby. Dwyka has assumed immediate management control of the Minerva assets, chief amongst which are two gold exploration licences and one platinum mining licence, all situated in Ethiopia, approximately 530km west of Addis Ababa. The Dwyka management team has extensive experience developing gold and platinum projects and the Company will now use its cash reserves to fast track these key assets to development, whilst also progressing its existing portfolio of assets including its Muremera Nickel project in Burundi. Speaking today in relation to the acquisition of Minerva, Melissa Sturgess, CEO of Dwyka commented: "This acquisition represents a significant transaction for Dwyka, expanding our existing resource base whilst maintaining our regional focus in Africa. Considerable exploration and resource definition drilling has already been completed on a number of targets within the Minerva project areas. Dwyka has significant cash reserves, allowing us to quickly advance these projects to development alongside our existing assets. We also believe there is potential to expand the existing gold resource meaning that subject to ongoing exploration, there is an opportunity for Dwyka to establish substantial gold, platinum and nickel resources, delivering significant short, medium and long term revenue opportunities".
jonny flame
20/7/2009
15:17
dontyo - just seen your post about TMC. Where will your syndicate find 5% of stock from given its so tightly held? Are you applying for shares in the current placing?
nicksig
20/7/2009
15:14
Another tick up, be nice to see a bit of a rise here now that we know they are focusing on nickel/gold. At 30th June 09 they had 6.3m GBP in the bank, the company has a market cap of just over 10m GBP.
jonny flame
17/7/2009
15:54
Yes, David have a look at TMC, I'm sure they will appreciate your detailed research over on that bb. dontyo - your syndicate is aquiring 5%? Of what? The company? If so that means your syndicate is looking to invest half a million quid in TMC.
jonny flame
17/7/2009
00:01
DAVID, Have a look at TMC instead of this, our syndicate is aquiring 5%. Potential 6 bagger from current price.
dontyo
16/7/2009
23:00
Thanks Jonny for answering sensibly I have been out all day.It is frustrating when people spout nonsense without thinking.
kickstart
16/7/2009
19:38
'Cash balances at 31 March 2009 GBP6.9 million (AUD$14.5 million' http://www.dwyresources.com/files/pdf-300409_DWY3rdqtrreport31March2009_1.pdf Please can you at least bother to do a tiny amount of research before you slate the company. Honestly, the following did make me laugh,'Won't the BHP 50% need to be matched by DWY's 50%? Where's cash for that?' Sell the project at a knockdown price to Xstrata, what are you talking about? Absolute rubbish.
jonny flame
16/7/2009
18:27
Where do you get your 'several million cash' figure from? Link appreciated. And to clarify... a major with lower production costs is 'a few miles away' from the proposed nickel operation competing (and by all accounts struggling). Are you holding out in case they sell Xstrata this resource at a knockdown?
davidhp
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