Mes amities a'tous..when on a secular bull run gold rises like a staircase they teach you. l personally think due to a plethora of reasons the yellow metal will be gently "talked up" to $2000 pto irrespective of the general macro picture -: but with plenty of nasty scares and ambushes to flush out the not so savvy along the way. l think the millitary call it colateral damage.-its always the same .. ....l see Jim Rogers is waxing lyricalll hard/soft comms esp. gold and silver and iron ore .....lts all part of the cycle .... akin to the rise and fall of tech stocks in the 90s, the oil boom of 2001/6. and the longbullrun of banking,utilities, and retaling which had their roots in ealy 80s .........usual boom and bust scenario in motion here one would think on first looking ,,,oh the city loves its boom and bust economics .....depends on it .....nurtures and cherishes it ...and dont ever forget the owners of the casino make the rules ...we but merely dance to their tune ..Can it ever be any other way ?...... lts all part of the cycle -a very dangerous cycle as it happens on this occassion .but nevertheless still part of the cycle. But in this instance the case for gold is reinforced by the fragile state of the western economys and its currencies which is reflected by their respective bourses . ....By 2013 we will be back to screaming about oil trading above $100 again on its way to $180 ... But back to gold. l already have holdings in bellweather - POG - and in ABG,AAAM, HGM and CEY, ,,,but was looking for a tiddler with a highly exiting ensuing year ahead with projects verifying the already inferred size of their resource and looking ripe to exploit this current boom..Most candidates already have a kings ransom already factored in . NYO is only juste hitting the radar .... l bought NYO as i view it as replicating the success of my other holdings .....For once l am saying very little as i think it speaks for itself .l think you will find this out during respective research that you may deem neccassary ,and will see the same potential as myself . lf the inferred JORC compliaced size of resource proves close to the mark this tiddler will have a multi billion $ m/c. ...Please note - l am buying as a meduim term hold - 6-12 months investment and not in CFD or option to buy or as a t play looking for quick returns reg: tec analysis... suggests its ready to perhaps break out of current trading pattern what with 12 day ema and 26 day ema converging in vertcal direction / stock trading above both 20 and 50 day ema ..RSl and ADX of ohh ......ill post a chart including that mullarky in a lheader when have time

Good start this morning up 0.25 , got a buy order waiting to be filled.

Bought at 18.75

Good morning Roly .....me too -in @ 18.75...both tranches,,,,couldnt get a decent amount without paying a whacking premium ...,,,,,Heres a juicy titbit for you ,,,,,lf you delve deep enough you will see they have a 100% interest in another miner that has a shedload of cash sloshing about

I have these in my ISA--that's a bonus.

tucked some of these away in my ISA. in at 18.11p. GLA
Alex

bid price now down to 17.75p

Not very exciting yet

How far does the price of gold have to raise before this share starts moving up

Drilling update.
http://moneyam.uk-wire.com/Article.aspx?id=201010180700045211U

Drilling update went down like a lead balloon

Gold price , update , nothing seem's to move this

Another bad showing today , " J " i sold these at 17.75 bid a few weeks ago.

at last NYO are on the move. Up to 18.75 . About time; but.hardly surprising considering ratio of buyers to sellers both today, but esp, last friday when said ratio was almost 8/ 1 and even out of hours large buy orders of 325,000 and a plethora of 100k to 200k buys failed to even get a pip on either bid or offer; and kept the stock locked in that awfully large spread ..........am hearing rumours that jorc inferred resource of 1.3 million oz of gold is to be raised by the company after months of 24 hour non stop drilling around the clock to sure up the size of resource after even more decent gold intersections at fringes of prospect ...............Very similar to KYS as need a partner with deep pockets to move this project quickly from drawing board to hard production . ......l didnt realize you had sold Roly until now / bit premature wasnt it ? Was ineveitable after the placing a little selling would occur by those immediately in the money .........

tfc why do they need another partner when they already have IFC on board?

.... nice to see NYO up 25% this past few weeks without even a hint of a frothy spike. - more of a nice gentle curve. Spread tight @ 22.5 / 22.75 and trading shows some half decent buys -!00k+ at top of the market . Looking strong and resilient of late and hopefully breaking out of its previos channel / and a lot of rumours working their way through the city ../....l do beg your pardon halifax in the delay in responding to your question . To be honest being virtually the only poster on this thread i totally missed it, and have only discovered it now, upon wanting to make a posting reg NYO . Nice to know you are aboard .................As reg your question. Now while i know the lFC are currently and in the future, heavily fiscally committed to the company, and do correct me if i am wrong, but is it not IFC policy to commit only 25% of estimated capex on any singular project ( There was talk of 50% under exceptional circumstances - and i suppose hosts would qualify for the 50% what with its abject poverty and lack of employment oppertunities.But i cant comment on that. What i meant as a partner was of the likes of a big miner as i believe this has the potential to be a "world class discovery". ...Considering only a fraction of the prospect has been drilled - and you dont drill 24 hours a day without reason - and we continue to find new intersections along fringes as well as continued mineralization along well established axis lines i see the already jorc inferred resource of 1.38 million ozs as being more than a tad conservative and soon to be revised .

Off topic " J ", I spoke to Rory Scott at the brokers dealing with the Mozambique Resources issue , its a placing.

Interesting you should mention that TFC, I tried starting a thread for Nyota back in April/ May time but lots of people seem to be missing the point then with this company! Wonder if they will start to take more notice when the resources estimate increases rather significantly!

good afternoon Roly.-Always nice to hear from you. Apologies for appearing so dim but could you possibly rephrase your posting reg. placing and brief synopsis of gist of chat with R.S.for clarification ?.Has confused me somewhat . Are you reffering to the tranches of stock the IFC struck, and agreed to take up, once the s/p of NYO surpassed certain specified levels ? { such as now }. Or am i missing the point here ? lts juste that what with you making reference to Mozambique when NYO s core asset - the Kulu Kapi gold mine -is in W.Ethiopia ;and what with NYO's own recent placing of stock @ 16p now nicely bedded in , l cannot see a furthur placing in the immediate pipeline ..........

Barclay's gave me the number of one of the broker's dealing with the Mozambique Resources AIM market issue , which you mention in one of your post's . He told me it was not open to retail investor's and confirmed it was a placing.

Looks like they have all the indications of a gold mine !....

latest RNS would seem to suggest you could be right RF ... :-)...Clearly potential to become the next CEY..........up a tad shy of 20% alredy on high volume with some chunky buys

And it is isable...so I have them in several accounts.....

going like a runaway train ..up by 25%/ volume in excess of 22 million in less than an hour ./..................goes a long way to explaining the previous few days attempt by mms to shake the proverbial from the trees ,,,,,,,,,,,Roly - Did you get back in on this one by any chance ?

No " J " , but i done well with TSTR which i sold yesterday . MOIL still well below placing price. Are you still holding PAL ? SER look's a good short ?

thr, mvc , cnr, agq and ecr all doing well for me, nyo was just too slow but good to see it moving now. I may dip back if you think another cey and ditch grl another slow coach.

someone rather keen on NYO in buying 3 million @ 27p .....Roly, indeedy-am still holding PAL - cannot understand current lull when use of its oils have increased dramatically in Asia ....../ ....nice one reg. TSTR..../ worth exercising a little patience before opening a position reg. MOIL considering Exxon hold vast swathes of offshore madagascar..........Big oil moving in beeeegtime into the mozambique hydrocarbon highway ......even Brit Gas eying up offshore tanzania/ m/b

.....en brevite ....is much "hot talk" in the city what with both boards of CEY and NYO being well known to one another in past sharing of geo informations and ect ect ,that CEY will make an attempt to buy out NYO or merge before the latters s/p increases manifold . Would make quite a formidable cash generative mid tier gold producing company. with both longevity and large reserves ih each owning a world class sized resource -esp CEY - in which i have invested since 8p or so and traded literally scores of times....Only downside at CEY is that it is something of a one trick pony in But it is arguably the worlds biggest gold resource . mais qui sait mon amis

And Afren also in Madagascar.

up to 27.5 / 28p ..{approx 25% in 2 days and hardly surprising given drilling update .....and still no shortage of buyers

Interesting, read comments from TFC a few weeks ago and kept on watchlist, briefly saw a rise yesterday and considered buying at 26p but hadnt had time to do enough research. Question is whether 28p is too much right now with gold stocks being quite volatile at the moment, RRR,RGM,GGG,PGD all up and down like kangaroo's on spacehoppers. Also looking at AMER again though, hmmm!!

ls that the very same Andysmith who shared in the spoils of JKX when they were 550p+ ?..Long time no see./..l havent seen you for years mon pote ! Hope you are keeping well / keeping wolves rom the door ..ect ect ..REG; NYO... Considering a PI bought 3 million yesterday at a tad shy of 27p i dont think its to late to climb aboard ...... or at least dip a small toe ...............28p is proving somewhat obstinate to overcome - but its only a question of a little time before that occurs ......and then the skies the limit what with already having a JORC inferred resource of 1-38 mn t/o. And what with latest drilling statement stats illustrating massive intersections of mineraliation in such abundance that gold seams were patently visible to the naked eye ,and which led CEO TT to stipulate that NYO had thus far merely tinkered with what appeared to be the "tip of a gold iceberg " and on track to reach the guts of a truly massive gold discovery Perhaps the biggest in the past 25 years ...... On the back of this latest drilling statement a rapid re-rating must be on the cards. One new hole drilled showed measurements of ozs p/t rather than grammes.Conservative, and i emphasize CONSERVATIVE revisions suggest a resource nearer 3 to 5 mn t/o at Tulu Kapi - and meanwhile around the clock drilling goes on unabated continually adding to reserves To expolit the old cliche -Let the trend be your friend ....Chairperson Madame Sturgess didnt put the family silver into NYO for a fun punt . Recently when asked if she would be surprised if T/K could equal CEYs 10m resource she firmly replied she wouldnt be surprised in the least .....

strange stock this and i wonder if the rise is overdone ..... not one i have even looked at before let alone, but surely it is at least 2/3 years away from production

you do surprise me on occassion Cynners/ ignore this play at your peril .ln the full knowledge of the vagaries of this utterly corrupt game in which we indulge,it is rare indeed for me to take such a dogmatic stance on a individual stock . But it is fully justified; and i defy anyone to contradict me .And am prepared to take any side bets on this variable {notarized by a reputeable bank }....All l can suggest is that you read the latest RNS and appreciate the truly staggering potential at T/K............a multi bagger in the making .....l personally believe it will exceed all expectations hence optimistic overweight position taken; and in the fullness of time . l furthur believe it will possibly surpass the CEY resource . Couple the companies success with drillbit with the American QE 2 factor which will only result in a furthur increse in spot price of gold and i would suggest we are sitting on a goldmine..........

grenouille - i always listen to you, so shall look again tomorrow

This looking like a hell of a good time to invest because even not so good ones are rising....I don't mean this one which is starting to look like a gem.....I mean others.....anyway...bought a lot of these with some profits from XEL.....could be good for the upper thirties short term....

up a tad shy of 8% on ASX ....42c to 48c.........hopefully repliected here..

forever the % player i sold out at 30p level-and now looking to get back in @ 24/5p if i am lucky enough

Back in @ 27.20

Roly - thought it rude to leave you on your own ......back in at 28p ,lncidentally have you read Bell/Potter research note ./ Looks really optimistic .,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,O/T,,,The UK looks like the Artic to me on TV/ l couldnt deal with that / l mean minus 20 is juste unrealistic for a Graves sufferer /a veritable nightmare / rather be domiciled on the moon-even Moscow ,or even Bronx /anything below plus 10 is cold to me. ...................ls a mere 32 degrees here :-)....................You ever thought of leaving that wretched lsland Roly ? ......

" J "
You picked a good time to ask me , am just recovering from Flue, my wife has a plot of land in CEBU , Philippines. Were would you suggest ? What price MOIL now , PAL had a good day.

keep taking the tablets Aldwickk, better now than next weekend.,.

Its only been 3 day's but feels like 3 weeks

starve a fever/ feed a cold, so tuck up in bed, get as hot as you can bear and swet it out. paracetamol 4 times a day, drink loads but not alcohol. fit by friday.,. ;))

Balerboy

If you know about starve a fever/ feed a cold then you must be aged 60 + because that's what my Mum use to tell me. I done all of the above just got a bit of irritating mucus to shift. You don't half get some strange thoughts in your head when you have a fever , very surreal

isn't that guitar?

strum away cynic.........and not quite there yet ald,

plus you shouldn't have such a wicked past to think about.......

don't let your cold/fever go much past 3 days[unless you getting better]. i did and have a bad chest infection requiring antibiotics and pain relief for my rib muscles which i have severely agrivated. i am off back to bed again as cant concentrate.

I have heard but not tried myself is to have a 20yr old blonde rub your chest with goose grease and see what comes up.........old country remedies are the best.,.

I think Robert's rib muscles damage might have been caused by reading to many of Cynic's one liners

Get well soon Robert ......... ps did you have a flue jab ?

i hope they at least give you a wry smile if nothing else
only chimneys get flue jabs, so i hope robert (or you) does not get one of those very sharp black bristles up his unexpectedly - that could startle him distinctly

clears the mucus though.....

depends on the chimney in question ..... i understand dr mengele found other chimneys

Had a small nibble on this today TFC, here's hoping for golden success

tfc, any chance we could have a chart in the header please.,.

Don't forget that you can put this in an Isa....

I see they have the same broker as MOIL , Mirabaud Securites

i shall be very happy if it comes up trumps, but i thought i saw even you posting the other day that you used this one for trading

======

naughty little french git!

post 38 - forever the % player i sold out at 30p level-and now looking to get back in @ 24/5p if i am lucky enough

Let's hope his not lucky ........ sorry "J"

You still haven't answered the french git.......I beg your pardon, TFC. Is it to be pistols at dawn or a wet kipper at bed time??

more likely frozen cod piece at bed time
i've forgotten where this started, but from memory, the strutting cockerel (he knows i tease) told me i was nuts to be wary of NYO, but it then transpires that he'd flapped about and just used the stock as a trading vehicle and sold out .... nothing wrong with that, but it is somewhat at variance with his opener

...Reg:."naughty French git ". !! ?....>.......the interpolation being i am acting in a deceptive manner or have an appetite or proclination for skullduggery...Yes ? Am i correct in that assumption ?...But i personally dont see the contradiction or hypocrisy Cynners in trading a stock no matter how highly i rate it. l quite genuially and honestly dont . And no amount of persuasion will convince me otherwise and l make no apologies . l have ALWAYS played the percentages game ! Always. lt is the way i was taught ; and what is more have never made a secret of the fact on this BB .l have traded some of my all time fave stocks several times before they have reached my eventual t/p which spelt my full time exit... When it comes to mining smallcaps as to be found on AIM l buy very sparingly in the actual number of actual stocks physically held but l buy in very large volume . ln addition paper profit means NOTHING to me .So when a stock leaps on the back of an RNS by 170% , 120% and 60% to my entry tranche prices i am out - GONE ! . Mainly as a consequence of the vagaries of the modern day Houdinis -(MMs) who what with the number of fiscal instruments in play in the modern mkt, and despite your sets system, manipulate and utterly currupt stock prices in a catalogue of ways i am not prepared to even discuss on a public BB,. l watched those greedy bastards first hand for 15 long years literally feed off investors like a pride of lions with its carrion and trick investors out of big profits or incur huge losses and actually destroy certain investors/ companies . l know all their nasty little habits and tricks and juste how personal it all becomes . .Those bastards can make good news seem bad in trading / and vice versa....Now, mon pote, as it happens, i rate NYO very highly; and if you care to scroll back to post 40 you will see i bought back in very heavily @ 27 to 28p not only as a consequence of the Potters desk/ research note coming into the public domain, but coupled with a plethora of shorters cliques(many of whom i am also well aquainted or associated) turning cold on NYO ,and what with the tremendous buying pressure forcing mms hands for them and preventing them taking NYO back down to 20p : and thus l saw 27p as an ideal re-entry point . l may trade the stock, and do not deny it, and reiterate i see no wrong having been committed and thus offer NO APOLOGIES for it !!! What i have done is prudent and pure common sense. .,,,,,,And i think i have attempted to explain the rationale' behind my motives -but you called NYO a "spivvy" stock which beggars belief to my way of thinking and hence why i stated you were talking utter tosh which prompted you into personally insulting me in a manner which ,with my temperement, you knew would make me hit the effing roof (which you will delight in learning was remarkably effective )... ....and hence explains why l am sat here sticking needles into an effigy of a golfer in yellow trousers and a pink cashmere cardigan with CYNICs monogram adorning it .... ....;-)) ..You mad crazy english buggere !! ....Balerboy suggested pistols at dawn at 30 paces ...F*ck the 30 paces . Juste hand me the pistol and ill shoot the mad bastaed on the spot !!!! .....Then having called it a spivvy stock you decide to confuse me to bits by suddenly revealing you hold a position in NYO " which begs the question ' Do you make a habit of opening positions in stocks you regard as "spivvy" ? ... Spiv" stocks dont attract the investment arm of the world bank as big time backers. "Spiv" stocks dont spend hundreds of thousands of $$ on the physical and social environment and win govt awards from thier hosts for those same contributions .Like NYOs provision of education for nearby villagers and construction of schools ,and employing local labour and providing medical care . "Spiv" stocks dont have the b/o/d and snr management buying in at FULL market prices and selling the family silver in the process to do so . Now while NYO obviously ingratiate themselves with said hosts for a damn good reason in that they plan to be mining gold here for many years to come as the BOD are strongly of the opinion they are sittting on a world class size resource . ... And i fully agree with them...This company is another CEY in the making . Of that i have no doubt . Has everyone read the Potters brokers note which shows the companies very intensive around the clock drilling prog with 5 rigs has intersected gold mineralization visiblee even to the naked eye which is a VERY RARE occurance when mining for gold . A once in the lifetime occurance actually ...and all this is almost a full 2km from the open pit oppo with an already JORC inferred multi million oz resource ......This stock will be 50p+ before the start of the second quater of 2011 when QE has showed to fail to cure the global economies ills .All gold stock will flourish ......But in sumnation - lt is one thing to trade NYO/ bank nice slab of cash and then re-enter but quite another to refer to the stock as spivvy . . What with the forecoming financial chrisis looming in 2011 for FIAT currencies-esp the euro and dollar l see the yellow metal surpassing $2000 ptoz with ease and making holders of gold stock very impressive returns. .................Roly et tu Brute. ? ls your surname Quisling by any chance ?...........,,,,........................................................................................................................................................................................................................................................................................................................................

sorry TFC, but i really can't be bothered to wade through the above ream of drivel or pearls of wisdom, whichever it may be .... if you feel insulted, i am very sorry as there was no intent - merely wry amusement, but as i said, i can't be bothered with the above waffle

Don't take any notice of Cynic he is really a nice Jewish boy, if you have any more trouble with him tell him to get on his bike .

" J " are you saying am an Italian/ Norwegian ?

TFC, don't take it to heart, all was said in jest as cynic readily knows and no insult meant. Do you never hold on to any shares for future rise in sp or dividend? Am interested in your way of trading. BB

naaaaah couese not insulted ./..was tongue in cheek cynners ./ l maybe half French but i do have a sense of humour ..l have known you too long on here to want to fall out with you. You often bring a wry smile to my face which is a very rare thiag on here. Hoping you have a very happy and successful new 2011..........

thanks pal .... i too never take offense even at the conniving cockerels of this world!

Good start for NYO today

Flat line and in the red????

in the red ? ...Not on my trading platform BB

marginally down

must be those rose tinted glasses tfc.....lol

down 0.25 on yesterdays closing bid price perhaps......but todays bid opened at 27.25........./ currently bid at 27.50 after touching 27,75 ...............is 6 in the morning here and not in the mood for the golders green boys............plus i dont wear specs :-))

29.25p , and this stock can go in a ISA !!

looks like it is going to break out of its trading patten down to 24p , so TFC can buy back in.

http://moneyam.uk-wire.com/cgi-bin/articles

/201101270700141590A.html

Drilling update , share price fall's

Not long to wait " J "

I wish i had stayed out of this one.

Would somebody clever please explain 'what part' of the recent update has caused the share price to drop by some 25% in the last few days! I'm really struggling to see a negligible drop in the price of actual gold & whats happening in Egypt as causing such a ridiculous (my opinion) fall! Any ideas/thoughts appreciated!

I would like to know that as well.

it's a piddly minnow and all such shares are likely to swing wildly, and not necessarily with any perceivable logic

Cynic

You won't get much more piddly then what i bought this morning SHE on plus market.

NYO back to 25p normal service is resumed, panic over .

Not until it reach's nearer to 30p

RNS IFC exercises options, now largest shareholder with over 13%.

New CEO announced today so perhaps Mr Richard Chase (M.D at Ambrian partners) might manage to wake some city folk not to mention a few P.Is and get a little fire going again under this recently much oversold (my opinion) stock! Here's hoping!!

RNS positive drilling update.

Now 11.75 bid

RNS more director buying perhaps ahead of mining licence government approval.

CEY's takeover bid for Sheba may mean good news for NYO shareholders.

Or maybe STI holders

Still not looking very rosy " J " , will you be back from exile soon ? its been about 6 months now.

How long does it take to get a mining licence in Ethiopia? Without the licence NYO is going nowhere in spite of drilling lots of holes in the ground.

Listen to Nyota Minerals - Optimisation of Tulu Kapi gold project

CLICK HERE TO LISTEN

sp "top of the pops" today following news that CEY (major shareholder) has requisitioned a vote to replace one of their directors.

see the latest rns - nyo only have 1 month cash left

talk of a 2p + take over - we shall see if that holds any water soon

enough cash till the end of October currently - could see some dramatic activity here imminently

silly Q, but why not just let the company go into admin and then pick it up for 2p from the administrator?

lol cynic - do you mean 2p for the whole company :-0

not too concerned now - sold at a stonking profit just under 2p this morning - will buy back later if it drops enough - things are so crazy atm may get in the 2 - 3p range again all based on rumour and some optimistic translations of the last 2 rns

bought low yesterday - my exit was anywhere between 1.5 to 2p so very happy when got top end

I think there is some truth that contractually cey would have to pay 2p to take out this prime bit of land in a relatively friendly country - however consider the debt here and I hear to be profitable gold needs to be circa 1300 then question marks appear

just keeping an eye on it for now - they run out of cash end of next month currently

bought back in on a dip Friday - expecting more Monday onwards and got down to some facts:

nyo does not have any debt aside from $A0.4m liabilities which is covered by remaining cash

for nyo to be profitable the calcultations suggest gold needs to be around 1000 NOT 1350 and some suggest gold value can likely be much less than this

cey are trying to oust director who is seeking other jv companies aside from cey - cey have circa 200m cash burning a hole in their pockets and need to diversify from putting too many eggs in one basket and look at the state of Egypt

nyo has obvious synergies especially after cey alo rns & deal which to my mind was a very poor deal for alo - whoever negotiated that for alo did not do well at all but great for cey the alo deal

so ahead for nyo will be jv or take over which in my mind equate to an sp of anywhere between 3p & 10p - so a multibag on the cards now - it will happen quickly whatever as nyo currently run out of cash end of October

cey has 20% share holding in nyo currently


kerrrrrrrrrrrrrchinnnnnnnnnnnnngggggggggggggggggg again :-0

from another respected poster which pretty much confirms my own research and discussions:


'21 Sep'13 - 13:07 - 637 of 640 0 0

WereWolfie:

Richard Chase is a decent straight talking Investment Banker, But also a geologist by education.

He was instrumental in hiving off SAMAX Resources,to Ashanti Goldfields in 1998 for US$135 million., which was 7 - 8 times their MC, If memory serves me right.

Prior to this he was the Managing director of Ambrian Capital PLC.

NYO is sitting a top a 0.84 million tonnes of measured and indicated 6 gm per Tonne of Gold Ore body.

Most of this is open pit mining resource.

As far as I know the Ethiopian government is ready to give a full mining permit, bur Richard & Antony Rowland had been demanding better terms to NYO.

Richard was also instrumental in getting the IFC, (World Bank) funding for NYO.

CEY because of uncertainties in Egypt wants to de-risk it's operations by expanding into Ethiopia.

CEY has it's own properties and exploration licenses in Ethiopia even before their JV with ALO,and investment in NYO.

Now Looks like they want to takeover NYO on the cheap.

ALO here is unimportant, since they are just at early exploration stage.

This news of ALO was in my opinion released so that the PIs start to have self doubts and sell their holdings and the NYO share price to dip and more could be scooped up by the large volume buyers at a lower price.

Looks also like other significant shareholders, backed by Richard are playing hard ball.

There are also a lot of rumour that CEY is surreptitiously buying up NYO shares so that it goes up to above 30% from their current 19 -- 20%

There are also rumours that there might be a competitive bidder buying up NYO shares

From Memory I think NYO's DFS identified an NPV of 24 p as the true value of NYO.

In addition, Like in the rest of Africa, Chinese resources companies are very much interested in acquiring significant properties in Ethiopia.

As luck would have it, Neil Maclachlan, NYO's Non-Executive Chairman was part of the team that negotiated and concluded Kalahari Minerals takeover by the Chinese through Taurus.

From all these dots, one thing is clear despite the confusion, -- The true value of or at the very least the near true value of NYO is being brought out.

In all likely hood this move has forced CEY to up their bid for NYO.

Which is better for NYO's shareholders.

Lets see what next week brings

All the very best'

'Well, Richard Chase has been with NYO over the last two and a half years.

He focussed on bringing the Tulu Kapi, to Resource status and in any other market, would have been able to move this forward and deliver shareholder value, as promised.

At the DFS stage, this was worth 24p per share (disregarding the exploration assets) and since then POG has reduced below $1500, more shares have been issued and compensating positives have resulted from further exploration on the "feeder zone" and additional work on the DFS.

With out a doubt, the current negotiations have broken down because Richard Chase has not gifted the company to CEY for a pittance.

So, for shareholders to oust Chase, is like turkeys voting for Xmas.

Spin doctors are linking the share price rise to the departure of Chase, but the reality is that the rise simply reflects CEY's declaration of interest (albeit underhand) and the market knows that the CEY price paid is 2p.

Josef, realising that he has given the game away is hastily covering his tracks with the Alecto charade, but basically he has made a bad move in the game, if NYO's major shareholders (IFC, Resource, JPM etc) support Chase.

CEY's share price is a testament to just how badly CEY needs diversification at producer level and it looks as if Josef may well have failed to deliver.

Before criticising any one else's strategy, Josef needs to take a look at where playing hardball has got him in Egypt.

Perhaps CEY shareholders should do themselves a favour and oust Josef?

C'

expecting an imminent multibag here - got to be in it to win it hopefully within 1 / 2 weeks max even today - deal being finalised :-0

here we gooooooooooooooooooooooooo

:-0

RNS shares suspended!

"pending an announcement and publication of an admission document"
whatever that may mean

=============

confess i allowed myself to be modestly suckered in this morning at 1.56, so i now have a vested interest ...... i think i also held these many moons ago

As previously announced, the Company is in discussions with more than one party regarding an injection of capital. These discussions also include a broad range of potential corporate transactions, with a reverse takeover of the Company being one possible outcome. However, there is no guarantee as to the final structure of a transaction or that a transaction will be successfully concluded.

The Board has therefore requested a temporary suspension of trading on AIM in the Company's Shares. The shares will remain suspended until such time as either the structure of the transaction can be clarified or, in the event of it being a reverse takeover, an admission document being published.

whatever happened to Melissa Sturgess?

HUGE NEWS...............................................................
multibagger is on!!! gla

RNS


RNS Number : 7024Q

Nyota Minerals Limited

17 October 2013
















Nyota Minerals Limited

('Nyota' or 'the Company')



Conclusion of Strategic Review

Secured Loan Facility

Resumption of Trading on AIM



Nyota Minerals Limited (ASX/AIM: NYO), the gold exploration and development company in East Africa, is pleased to announce that it has concluded the strategic review, which commenced in May 2013, with the signing of two agreements with a new development partner ("Partner") for the Tulu Kapi Gold Project in Ethiopia ("Tulu Kapi").



The two agreements are (i) a heads of terms ("Heads") for the sale of a majority stake in Nyota Minerals (Ethiopia) Limited ("Sale"), the subsidiary which holds Tulu Kapi and proximal exploration licences in Ethiopia; and (ii) a short term secured loan facility for up to £360,000, which the directors believe is sufficient to enable the Company and its subsidiaries to continue operating during the period required to complete the Sale. It should be noted that the Sale does not impact Nyota's exploration licences comprising the Northern Blocks, in which it will retain a 100% interest.



The Sale will be conditional upon, amongst other things, the completion of due diligence by both parties and the Partner confirming it has sufficient funding to execute a work programme necessary to maintain the licence. This work programme is being designed by the Partner and will be jointly submitted to the Ethiopian Ministry of Mines shortly. It is the intention of both parties to complete the Sale before the end of this year. If approval is required from Nyota's shareholders, then a circular in this respect will be posted as soon as practical.



The Loan is for up to six months, carries a coupon of 10% and is secured upon Nyota's holding in Nyota Minerals (Bermuda) Limited, which is the holding company for Nyota Minerals (Ethiopia) Limited.



As the transaction envisaged by the Heads does not constitute a reverse takeover, the suspension of trading on AIM in the Company's shares will be lifted as from 7.30am today, Thursday 17 October 2013. The Company's shares will remain suspended on ASX until its report and accounts have been audited and published.



Neil Maclachlan, Chairman of Nyota, said: "We are pleased to have secured an agreement in principle with a partner who shares Nyota's vision for and faithin the economic potential of Tulu Kapi. Whilst there are a number of conditions to be satisfied before the transaction is able to complete, discussions to date with the Partner represent a positive step forward and the board and management team are committed to ensuring the success of this transaction."



It should be noted that the Heads are non-binding, except in granting a period of exclusivity to the Partner in which to complete the Sale. There is still considerable work to be undertaken to satisfy the various conditions attaching to the Heads and there can be no guarantee that the transaction will be finalised. However, the Board is pleased with the progress of discussions with the Partner to date and also with the joint discussions with the regulatory authorities in Ethiopia as regards the Partner's planned review and revision of the development plan for Tulu Kapi.

that was pretty unexciting, but as i only have a small and speccy position, i'll stay put and see what happens

LISTEN: Nyota Minerals (NYO) - Resource Upgrade at Tulu Kapi Gold Project, Ethiopia

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LISTEN: Nyota Minerals (NYO) - Competent Person's Report Highlights Potential of Nyota's 100% Northern Gold Tenements

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