Nyota Minerals Share Discussion Threads

[moreforus] 25/10/2013 08:05

well you got your 0.65-0.70

500k seller....wonder who that could be

CEY dumped more stock ..no rns yet but posted on LSE

[mrshaungcm] 25/10/2013 06:09

cey has dumped again

[code677] 24/10/2013 22:50

This has already been covered - the proposed partner cannot be an AIM-listed company

Today: "The partner is a junior exploration company listed on a Regulated Stock Market"

'AIM is classed as a Multilateral Trading Facility and is not a Regulated Stock Market'

[charlotteandcressida] 24/10/2013 22:38

as I posted earlier the fit does look very much like Stratex Internatonal (STI), time will tell...and if that proves to be the case then you could do a lot worse...

[clancrackan] 24/10/2013 17:30

AIM is an exchange (LSE) regulated market rather than EU regulated market ?

[applelover] 24/10/2013 16:24

How are others intending to vote?

[applelover] 24/10/2013 16:23

We need to remove RC. Today has made my mind up.

[dusseldorf] 24/10/2013 15:20

IceTonic - I think the key is the project may still have a circa 24p/share value to someone, but there is quite a bit of work and negotiation ahead of that to find someone with sufficient capital to acquire the project en-mass. As yet, it has not been 'sold' to a major. The only thing that's happened is that a party is buying a majority stake to take it to the next level and NYO will still get economic benefit to the eventual sale to the tune of 40-50% (IMO) whilst relieving itself of 75% of the project finalisation costs - it's all about retaining future value whilst 'surviving' without diluting everyone out of existance.

To me it's not 'that bad'

[icetonic] 24/10/2013 15:13

even if CEY do want to make a bid its not going to be too much higher than this cr@ppy initial bid...cant believe this is the best deal the strategy team came up with - and they were paid for it too.

[yorgi] 24/10/2013 14:30

Yes somewhat different IceTonic.

[yorgi] 24/10/2013 14:29

Of course for the deal to go though RC has to survive the CEY challenge to remove him.

[icetonic] 24/10/2013 14:23

how can NYO value the Tula Kapi mine at £6m (around 0.7p, i think) when earlier this year RC valued it at 24p. i understand that gold prices have gone down since he made that statement but not that drastically.

[yorgi] 24/10/2013 14:22

It's clearly not going to be a result in a short time as some of us had been hoping recently but looking longer term then the upside from here could still be quite rewarding. Although of course it could all change if CEY have a change of heart or for that matter if RC's deal does not go through.

[dusseldorf] 24/10/2013 14:12

code677 - Not really a fair assessment of value for NYO. There are other exploration licenses, a stock market listing capable of being a vehicle for other assets, mitigated project risk and retention of future rewards from project fruition. Ascribing a valuation to NYO based on the transaction bares no relevance to it's future worth - it's 'bare bones' assessment used to justify shorting from higher levels perhaps, but in my view only an indication of what the floor should be i.e. current price.

Given NYO is retaining equity in company x they are maintaining a potential future benefit in excess of the 25% they retain outright. What it now means is that there will be two prices to watch in order to calculate a bare bones valuation of NYO...

[code677] 24/10/2013 14:03

Dusseldorf, the RNS says Conditions for the Sale include: a fundraising by the Partner

OreCorp's accounts state: A$10.461m left at June with -A$1,205 forecast for Q3 = A$9.256m at end Sept (monthly burn rate of A$0.4m) = end Oct: A$8.85m / £5.3m. Take off the £360k loan and they're into the £4'm's so not that flush for funding an exploration programme.

In terms of valuation for the deal the RNS is clear on that - the deal values NYO at £6m

[dusseldorf] 24/10/2013 13:55

Cinquepercento - I think given true value will be realised once a project partner (major) is identified to construct the mine it's likely a substantial rise back end of next year. Short-term, assuming the deal goes ahead there may well be a relief rally as NYO is 'safe' for the foreseeable future. perhaps another surge ahead of the six month report on resources mid next year.

I believe the price will trend towards 1p once the dust settles, perhaps with some trading spikes either way. I'm looking to get some more 0.7/0.65, just watching at the mo..

[cinquepercento] 24/10/2013 13:43

Code677 and Dusseldorf

Your comments make very interesting reading.

Assuming the above arrangement with OreCorp takes place/ is completed, what effect do you expect this to have on the NYO Share price in the near future?

For example, what sort of immediate value would NYO shares have then?

Cinquepercento.

[dusseldorf] 24/10/2013 13:30

code677 - thanks,falls within my finger in the air 25-50% of company x, however why do you assume the money is not coming from cash reserves?

the co. has by all accounts $10m cash so as yet has no need for a further dilutive fundraise meaning NYO would own closer to 40%

[code677] 24/10/2013 13:15

Deal is contingent on fundraising from the junior so assuming they look to raise $5m;

113,412,820 OreCorp's existing shares

+69,000,000 @7.5c placing to raise A$5,175,000 (£3m)
+78,000,000 @7.5c to NYO (for 75% of Tulu Kapi)

260,412,820 enlarged capital, with NYO owning 29.95%

[code677] 24/10/2013 13:08

"The Partner is a junior exploration company listed on a regulated stock market"

Bad shareholder comms to leave that off the initial RNS release, particularly as that info (that NYO was doing a deal with a listed junior) was being passed around freely outside PI circles. I won't divulge the broker name (they're good guys). They also implied NYO would retain a free carry as well which I assumed meant carry through to start of construction. Turns out its only for six months and basically means if the sale completes, the six-month loan will be offset by the consideration, i.e. instead of repaying £378,000 loan/interest, it will taken off the £1m cash consideration = £622,000 cash.

In other words the £4.5m total consideration breaks down as;
£3.5m shares in the listed junior
£0.378m carry (capitalised loan)
£0.622m cash

[moreforus] 24/10/2013 12:45

AT buys at 0.78p....put an order in at 0.60 and my broker said i was smoking some strong stuff

[dusseldorf] 24/10/2013 12:11

liam wilson - absolutely nothing?

[yorgi] 24/10/2013 12:09

So you're interested in buying 5m then Liam ?

There is NO reason for Aim to suspend it has not broken every AIM rule that is quite frankly a false statement.