Share Name Share Symbol Market Type Share ISIN Share Description
Dwyka Resources (See LSE:NYO) LSE:DWY London Ordinary Share AU000000DWY1 ORD SHS NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 7.25 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 16
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 7.25 GBX

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Date Time Title Posts
23/9/200911:51DWYKA RESOURCES 2009717
11/6/200908:00and I don't even have a position on it.2,799
16/5/200908:30dwyka resources is a good buy2
13/6/200815:08Dwyka Resources - Exciting Undervalued Coal Play48
13/7/200708:27Nickel Mine - forget the diamonds, they have a huge Nickel deposit.92

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nick rubens: Just joined the DWY shareholder register.Added them to my ISA account. A small cap that may have been overlooked for now. The recent director buys were too significant to ignore. I remember seeing the director buys in GKP at around 5p and I made a note of it ( looking to buy in on a dip! lol) and wish I had not hesitated at the time looking back, but hindsight is a wonderful thing.I'll keep up with DWY on this discussion board and thanks for sharing the information. If DWY can show some news that progress is being made amongst their projects then it should restore some confidence and establish an upward rerating. I've missed the lows of 2.75p -3p but thats no reason not buy in at these higher levels. This one tucked away for the longer term for now. And yes its great to see directors actually paying for shares.
cagey76: Ok, found this. "Dwyka Resources Ltd., of Perth, made an all-share offer for Minerva Resources PLC, a gold-exploration company operating in Ethiopia, with an estimated 500,000 troy ounces of gold. Minerva shareholders approved the deal last month, and first production is expected in 12 to 18 months. "If we are right...that [gold] is worth probably about $16 million and we have paid about $3 million in paper," said Melissa Sturgess, Dwyka's chief executive. Dwyka is planning on spending an additional $3 million to develop the project in the next 18 months, Ms. Sturgess said." I'm not sure where the market cap is after the Minverva shares have been issued, but in theory this could roughly double the share price.
jonny flame: 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: 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: For full link please see header. Gold is on the rise again so perhaps we may see DWY rise a bit..... Dwyka Resources Limited 15 July 2009 RECOMMENDED ALL SHARE OFFER by DWYKA RESOURCES LIMITED for MINERVA RESOURCES PLC Summary * The Board of Dwyka announces that valid acceptances have been received in respect of 124,826,186 Minerva Shares, representing approximately 80.90 per cent. of the existing issued ordinary share capital of Minerva. * The Board of Dwyka is pleased to announce that the Offer is declared unconditional in all respects. * The Offer will be extended until 1.00p.m. (London time) on 28 July 2009. First Closing and Level of Acceptances The Board of Dwyka announces that as of 1.00 p.m. (London time) on 14 July 2009, the first closing date of the Offer, valid acceptances had been received in respect of 124,826,186 Minerva Shares, representing approximately 80.90 per cent. of the existing issued ordinary share capital of Minerva. Offer Declared Unconditional In All Respects The Board of Dwyka also announces that it has resolved to amend the acceptance condition of the Offer as set out in Part A (a) of Appendix I of the Offer Document such that the required acceptance level for the Offer shall be reduced from 90 per cent. to 75 per cent. Accordingly, the Board of Dwyka announces that all of the conditions to the Offer have now been satisfied or waived and that the Offer is therefore declared unconditional in all respects.
dogberry202000: I've around 300K Minerva shares - and I'd be happy to hold the new shares in DWY. It's a good fit and DWY seem to be going places. There would be some platinum production, too as well as Tulu Kapi to go with the Nickel and other prospects of DWY. Having looked at DWY, I'm glad it's a share offer as I would have probably bought some anyway.
jonny flame: The following post was posted on the PAF bb, you may also wish to view some posts on the DWY iii bb. The connection between these two is as follows: Dwyka has spent $750,000 in total drilling a greenstone gold deposit in Swaziland, a tiny landlocked country surrounded by South Africa and Mozambique. The greenstone deposit is adjacent to AIM-traded and JSE-listed Pan African Resources' operating mines in the Barberton area of South Africa. 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 told Miningmx in mid-March. "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 at the time, adding the Swazi assets could be in production by mid-2010. Now if Pan African want an acquisition then when Dwyka completes the Minerva deal then you could certainly see Dwyka being an attractive proposition.
mg78: News: Further re: Possible Offer for Minerva Resources TIDMDWY TIDMMVA RNS Number : 5233T Dwyka Resources Limited 08 June 2009 ? NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO OR FROM ANY JURISDICTIONS WHERE IT WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION Dwyka Resources Limited ('Dwyka') Further announcement re: Possible Offer for Minerva Resources plc Letter of intent received to accept Possible Offer Further to the announcement on 1 June in relation to a possible all share offer to acquire the entire issued and to be issued share capital of Minerva Resources plc ("Minerva"), on a basis which values Minerva shares at not less than 1p, Dwyka is pleased to announce that it has received a further letter of intent to accept such an offer, if made, from Golden Prospect Precious Metals Limited in respect of its entire holding of 3,500,000 ordinary Minerva shares, representing approximately 2.3 per cent. of Minerva's current issued ordinary share capital. In total, Dwyka has therefore received from Minerva shareholders non-legally binding letters of intent to accept, if an offer on the terms of the Possible Offer (as set out in the announcement on 1 June 2009) were to be made, in respect of 69,201,600 ordinary Minerva shares owned by such shareholders representing approximately 44.9 per cent. of Minerva's current issued share capital. Minerva Shareholder Meeting and Warrantholder Meeting (the "Meetings") The board of Dwyka notes the announcement by Minerva today that further irrevocable undertakings to vote in favour of the resolutions proposed at the Meetings have been received by Minerva from shareholders and warrantholders in Minerva. In aggregate therefore irrevocable undertakings to vote in favour of the resolutions to be proposed at the Meetings have been received in respect of 69,201,600 Minerva shares representing approximately 44.9 per cent. of Minerva's issued ordinary share capital and 22,379,200 Minerva warrants representing approximately 56.4 per cent. of the Minerva warrants in issue. Details of these irrevocable undertakings to vote in favour of the proposals are set out in the announcement by Minerva today. This announcement does not constitute an announcement of a firm intention to make an offer under Rule 2.5 of the City Code on Takeovers and Mergers, even with satisfactory completion of due diligence (or waiver of such due diligence requirement), and it is possible that no offer will be made to the shareholders of Minerva. Further announcements will be made in due course.
kickstart: 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. '
luckyvince: TIDMDWY RNS Number : 5966S Dwyka Resources Limited 20 May 2009 ? Dwyka Resources Limited ('Dwyka' or the 'Company') Statement re: Share Price Movement 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. Further announcements will be made in due course. For further information please contact:
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