It doesn't look like UK shareholders will be allowed to participate in the open offer though.
Beton2 writes "I wish everyone a prosperous New Year. I have been coming here for 18 months and taking. Now I can give back.
One of the stocks I took from here was Nyota NYO. It bombed big time. It cleaned out its robbing old BOD and installed a new one. It cleaned out its closet and brought in a project to RTO. Projected to be a 6-10 bagger on takeover. The RTO was stifled by redtape due to dual listing (ASX rules killed it), leaving NYO between a rock and hard place. A greedy white knight got told where to go and the white knight knowing that NYO had nowhere else to go offered a greedier deal. Fortunately redtape killed that.
That left NYO as a broke delisted shell. NYO (now called Irae investments ) has a project and is doing a RI with an attached warrant to initially fund and start the RTO process. The deal is to be as fair as possible for existing shareholders. IE double your holding at the last traded price ($0.000417) and get multiple returns. The RI is only good for existing holders.
My giveback is that the overall CR includes shortfall offer (half the UK shareholders are not eligible for the RI due to the FSA rules) and share placement to sophisticated investors. Those of you that can qualify as a SI can get shares via the nyota contact page http://www.nyotaminerals.com/contacts/ which will go straight to Sergii or Andrew.
The project has been set. The conditions are dictated by existing rules and norms. The RTO is to solely be able to relist on the LSE.
The public must have 25%, the value in reality must have at least GBP 100M - 300M to list. The deal has to return at least 20 bags. My opinion is higher. SOI 2.2 billion. After RI, warrants and SSP it will have 5.3B SOI. After takeover 21B SOI. Consolidation 1:100 gives 210M SOI. Most likely an IPO to help with relisting. Min GBP100M value at listing gives GBP0.476 per share or $0.80. Post consolidation share cost $0.0417. circa 20 bags. (IPO will increase the market value.)
The project is Ubecoin. Yes it is another cryptocurrency. Unlike bitcoin (which is being used as an investment) ubecoin is designed to be used everyday in Free Trade Barter, gaming and online gambling platforms (they are negotiating other mediums). They are aligning so that the coin can be easily traded and exchanged for fiat currency.
Ubecoin are currently moving to create as much value as possible. They want to list as soon as possible.
Realistically this is a 6-9 month play. DYOR. I am just making you aware of the opportunity. This is happening now and not waiting to find a project to happen."
No business, no cash and no nomad or broker shortly?
As for Kefi, with death spiral financing racing it ever closer to the bottom, it is hard to see a return for existing shareholders (or anyone, for that matter, unless gold prices rocket).
Call me cynical, but the last RNS was not about cashed raised: all still in the future and I simply saw it as a way of raising the price and volume to enable this month's Lanstead dump.
For the nimble, who get into the Lanstead rhythm and exploit its highs and lows, perhaps some trading profits: beyond that, all I see is high risk and without corresponding reward (unless a really good pump and dump materializes).
yes they even suckerd cey in to buying a stake of there worthless shares and there boss was no mug .some of you might now me better as dicfromrugby i post a lot on aau ,a share that is going places over the next 2 to 3 years.they are in production and have a positive cash flow and fully funded for the next 12 to 18 months .
Totally agree Mr Ripley94
This has been a bit of a joke from the start
i think if you look into thing's.
But Alas we live and learn winners +loser's
If it was so simple to work out every one
would be doing it.
Had to trace back over 20 pages to find the last time i posted on here.
This seems to have been going bust for years i just left them .
Looks like its end game now according to TW. blog yesterday.
see some familiar names from years ago Queensgambit ( what ever happened to queens ) Andy Reilly, clarance banks, charliee , to name some.
400-1 yes you are correct.
Just to make share count more manageable? i don't think so.
we will have to see how this will pan out
personally i think long term holders have little or no chance
of getting there money back we will see watch this space
as they say.
I may be wrong but , doesn't consolidation mean
Every 400 shares I own , now becomes 1 share ?
And the share price is multiplied by 400 ?
Just to make share count more manageable?
Dont think it means dead and buried .
( 1. a 1 for 400 consolidation of the Company's shares;)
Top of the list so that is it for the long term holder's
it would have been a miraculous achievement if
and that is a very-very big if we had achieved
any thing prior to that announcement.
We live and learn as they say.
You absolutely must look hard and long at DCTA (DIRECTA PLUS)
They have a product called Grafysorber.
The sp has dipped by 2/3 rds.
The CEO has said there will be exciting news second half of the year and effectively promised the sp will be restored and some >£2.50
I have said enough (To Much?) but I am considering crystalising some stocks to go in almost over exposed.
Directors have been buying also.
You need to do some research, but more importantly maybe call them... :-)
10 days of nothing (news) and we are
back to square one amazing how
100% plus rise just sizzles away.
So why the hype in the first place ?????
and don't forget you don't want to be out
of this over the weekend
Roll on the end of next week the suspense
is killing me -)))))
( adjourned the meeting until Tuesday, 4 April 2017 at 5.30pm )
So ASX will be closed and it will be 04.30 pm Wednesday in the UK
Thursday UK Friday in OZ for the news of the meeting to hit the
Just thought .
(Could we have more news before the meeting) ???
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