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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Nyota Minerals | NYO | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.01 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.01 |
| Top Posts |
|---|
Posted at 03/7/2017 06:50 by pwhite73 This is the best possible outcome for anyone still invested here. The authority to issue more shares would have wiped you out. If you're going down then go down fighting. |
Posted at 01/7/2017 17:24 by hope67 Investor Relations @bigdishIRLooking forward to the NYO EGM on Monday #NYO |
Posted at 07/4/2017 07:01 by pwhite73 Quartely Report out to 31/03/2017. Just £35k and no assets. If they haven't been paid already it is not enough to pay the nomad and other listing fees.You ask on LSE how comes the shares are down when buys are outweighing sells. That is probably because the company is trying to place stock at 0.025p. Regular announcements will convince prospective investors it is still alive and all to play for. This may well be the case in the end but at the moment I don't see it myself. |
Posted at 31/10/2015 20:01 by the stigologist hxxp://www.stockopedWarning about junior resources sector Friday, Oct 30 2015 by Paul Scott I want to warn readers, that in my opinion, we are likely to see numerous junior resources companies de-list from AIM. There are so many of them, hundreds, and many simply have no reason to exist any more - they can't fund projects, as resources prices are too low, so the logical outcome is that many of these companies will run out of money, and de-list. Therefore if you do speculate in this area, you need to be incredibly careful, as a lot of these things are likely to become 100% losses, sooner or later. Many were just stock promotions in the first place, with no real commercial prospects - a bit like most of the China AIM stocks, the original purpose was clearly to relieve gullible external investors of their money, not to enrich them! I think you're crazy if you speculate in these things at all, but if you do, then there's only one thing that matters - cash. How much does the company have in the bank, and what is the rate of cash burn? Many/most are going to be de-listed due to NOMAD resignations I expect. All the more so, because the number of NOMADs is shrinking, and many are realising (belatedly) that it's not worth the hassle, and reputational damage, to represent dodgy companies. So the only sensible approach, for anyone other than experts in the sector, is to have an automatic bargepole for all junior resources stocks, unless perhaps if they are producers, and have plenty of cash in the bank. |
Posted at 03/3/2014 21:38 by reggie123 Have you thought that CEY might just know a little bit more than the poor idiotic investors (like me) who've hung on? |
Posted at 27/12/2013 16:00 by teemore I'm not sure it will. I think it may be more that they saved their own jobs for a extra period than concern for the company or investors- I hope I'm wrong. |
Posted at 14/11/2013 10:16 by s0rayad despite their selling, they still hold a substantial amount of shares.stranger things have happened. we just have to look through-out the aim market how many companies have been hijacked by 'institutional' (i.e major share holders) investors |
Posted at 14/11/2013 09:23 by s0rayad Yorgi,yes, CEY called for the meeting. and we know that they want RC head on a plate. but they are not the only investors in this share. surely this is a matter to be put to all shareholders for a vote. but maybe i am running ahead of myself, and nothing will be put to the vote on tomorrow's GM. |
Posted at 25/10/2013 16:41 by lucky punter One thing we know for sure is that Richard Chase is on his way out, that is if any of the three possible outcomes delivers.I get Dusseldorfs point that the Company will have £3.5m worth of another company yet to be disclosed however what are NYO going to live on. They will be required to fund 25% of the work on TK which I would suggest will be more than the £3.5m. The other fact is that the exposure to the other company could simply be purchased on the market if that is what NYO investors want. There is no doubt in my mind that NYO are doomed to administration or to a slow and painful decline. Due Diligence will likely take a month or more, I wonder where the shareprice will go between now and then. I suspect below .4p. |
Posted at 24/10/2013 06:38 by moreforus rnsthoughts? Nyota Minerals Limited Update on Heads of Terms Alert TIDMNYO RNS Number : 2815R Nyota Minerals Limited 24 October 2013 24 October 2013 Nyota Minerals Limited ('Nyota' or 'the Company') UPDATE ON HEADS OF TERMS Nyota Minerals Limited (ASX/AIM), the gold exploration and development company in East Africa, provides an update further to the announcement made on 17 October 2013, regarding the heads of terms ("Heads") that have been entered into with a potential new development partner ("Partner") for the sale of a majority stake in Nyota Minerals (Ethiopia) Limited ("Sale"), the Company's subsidiary which holds the Tulu Kapi Gold Project in Ethiopia ("Tulu Kapi") and proximal exploration licences in Ethiopia (the "Subsidiary"). Readers should note that there is no guarantee either of the Sale being completed or as to the structure or timing of the Sale and hence that significant elements of the Sale (detailed below) may be subject to change. The Sale remains subject to a number of conditions precedent, including completion of due diligence by the Partner on the Company and its assets, which may not be satisfied. Whilst the Company's shares are suspended on ASX, they continue to trade on AIM, as such, investors should not rely upon the following information in making an investment decision. Counterparty to the Heads The Partner, who has not been named at this stage for reasons of commercial confidence and to mitigate the risk of the Sale not proceeding by reason of them being named at this early stage, is a junior exploration and development company listed on a regulated stock market. The Partner will manage the work programme for the Tulu Kapi Gold Project; as submitted to the Ethiopian Ministry of Mines last week. Structure of the Sale The Heads envisages the Company selling 75% of the Subsidiary to the Partner, who will assume board and management control of that entity. The Company will maintain a 25% shareholding in the Subsidiary and will be required to contribute to the funding of the Subsidiary's exploration activities (in proportion to its pro rata shareholding), save that it will not start contributing to such funding until the Partner releases an updated Mineral Resource statement in respect to the Tuli Kapi Gold Project (which is expected to be issued within six months of the Sale completing). Consideration for the Sale Under the Heads, the Subsidiary has been valued at GBP6 million. Consideration for the 75% shareholding is expected to comprise GBP1 million in cash and the balance of GBP3.5 million in shares in the Partner at an agreed price. This valuation for the Subsidiary is a significant, but not the only, factor in the non-cash impairment charge envisaged in the announcement made on 30 September 2013. Conditions for the Sale The conditions precedent to the Sale include: -- Usual financial, accounting, taxation, legal and commercial due diligence investigations by the Partner into the Subsidiary; -- A fundraising by the Partner; -- Confirmation from the Ethiopian Ministry of Mines that the new work programme is acceptable and that the Tulu Kapi exploration licence is in good standing; -- Agreement with the Ethiopian Revenue and Customs Authority on amounts owing for VAT on foreign services in to Ethiopia, and -- Any necessary shareholder approvals being received. Further announcements will be made in due course. For further information please visit www.nyotaminerals.co |
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