Nyota Minerals Share Discussion Threads

[lucky punter] 24/2/2014 09:43

more like a dead cat bounce.Small time punters buying on the expectation of others buying. Pass the parcel-bomb.

[hairyback2] 24/2/2014 09:22

either that or a successful placing is more advanced than first thought/planned.
as a kefi shareholder,i sincerely hope that one or the other or both comes off for you quickly...............as NYO and KEFI are now partners,and what is good for one is also good for the other (atm).
i assume you want TK production accelerated as fast as possible,and obviously it is in your interests for the KEFI share price to rise,certainly by end may 14 ?
therefore both sets of shareholders should unite for the time being and encourage their board to cooperate with the above joint aim in mind.
the only thing i dont understand is why NYO state in their last rns that they are targetting/prioritising progress on the northern areas...........surely the limited cash resources should be focused on the earliest possible production and revenue generation at TK ?
unless,of course,it was always the TK plan to completely dispose of TK ?
as gp says above,good luck whatever
HB

[mrshaungcm] 24/2/2014 09:02

Duss - same thought had crossed my mind

[dusseldorf] 24/2/2014 08:58

Perhaps rising gold prices renewing some interest or maybe someone is going to acquire NYO and it's associated interests

[induna123] 24/2/2014 08:32

more than a bit. can't see any news posted anywhere. what's causing all the buying?

[mrshaungcm] 24/2/2014 08:10

bit of movement

[saloba11] 23/2/2014 01:12

Tracy, I mean lucky punter come on over to the lse board you imposter!! How you getting on with your sti, hope the spread isn't too bad but I'm sure it's nothing you doctor wouldn't be able to sort out.

[saloba11] 23/2/2014 01:12

Tracy, I mean lucky punter come on over to the lse board you imposter!! How you getting on with your sti, hope the spread isn't too bad but I'm sure it's nothing you doctor wouldn't be able to sort out.

[weegeordie] 22/2/2014 17:57

They should have gone in with CEY.

[lucky punter] 22/2/2014 17:47

I assume a few watchers decided to become buyers. No news so no change really. I cannot see how NYO can hold a cap over £2m given the huge risk of insolvency. Funding is the big issue, they have to survive until the lock-in is over and they can sell their KEFI interest. I wonder if the Ausie shareholders will go to the AGM, Chase must be employing some bodyguards so he does not get strung up after driving NYO to the verge of extinction.

[nidgeyr] 22/2/2014 04:54

Be careful, they still need to raise additional funds!

[top trades] 21/2/2014 20:55

Whoosh!!!!

[brx7] 21/2/2014 19:38

Time to re-enter on monday?

[mrshaungcm] 21/2/2014 17:00

wooooooooooooooosssssssssssssssssssssssshhhhhhhhhhhhhhhhh

[taxlosstone] 14/2/2014 10:05

Blimey, bit quiet around these parts lately. I just bought 250k @ 0.3p & averaged down from over 5p to a mere 2.7p Sadly I get too many chances to average down with my portfolio. Suppose I won't be needing to change my monicker anytime soon.

[code677] 01/2/2014 00:10

Quarterly report shows the company continuing to burn cash like theres no tomorrow

$1m cash at Oct 1st 2013 +$2.4m received during quarter. 40% of that lot was spent

The appendix says they'll be down to just £380k at the end of this current quarter
so will get the begging bowl out again : "We need to raise funds in 1st half 2014"

-£600k debt (NYOs share of VAT bill) will also be floating about accruing interest

[courty2] 31/12/2013 17:34

They can sell some of there kefi shares lol.

[teemore] 31/12/2013 11:16

Nyo intend to raise finance in 2014 quote!!- I wish them luck in doing so. At what price will the issue the shares at- 0.01p!

[code677] 30/12/2013 18:51

I understand the sticking point is the tax liability with payment schedule unconfirmed by the Ethiopian authorities which prevents the auditors from signing off the accounts considering the size of the liability compared to the size of the company. The 1m cash from Kefi is nullified by Nyo's share of that liability so the net inflow from selling 75% of the project is really just the Kefi shares, worth £1.9m at current bid price. A derisory sum considering the many tens of millions invested in the project.

[weegeordie] 30/12/2013 18:25

I stand corrected - now over here!

[weegeordie] 30/12/2013 11:56

Only suspended in oz.

[courty2] 30/12/2013 10:54

I know we are suspended but why is the offer showing as 2.25 many thanks .