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

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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