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Business Description: Nyota Minerals Limited (NYO, formerly Dwyka Resources Limited) is a mineral exploration and development company with minerals exploration projects mainly in Ethiopia and Burundi, East Africa. NYO currently aims at the exploration and development of its flagship project, Tulu Kapi Project, in Western Ethiopia.
Strategy Analysis: NYO are focused on the exploration and concurrent development of Tulu Kapi, their flagship project in Western Ethiopia. NYO are actively exploring several priority targets proximal to Tulu Kapi as well as regional gold targets in the northern blocks which Nyota believes have the potential to become future standalone projects.
Nyota Minerals reported negative cash flow of $6.11m for quarter ended 31 December 2011. Operating cash flow for the period was $(6.06m). Payments for exploration and evaluation were $(5.22m). Investing cash flow was $(58,000). Financing cash flow was nil. Cash in hand at the end of the quarter was $14.32m.
The Age 20/05/2013 |
It is getting virtually impossible to find an expert who believes global equity markets are a risky place to invest. As markets on all continents grind higher and higher, the bears are in danger of becoming extinct and the Winston Churchill "voice in the wilderness" warning us of the troubles ahead seems to have departed the scene. When everyone is in agreement, we should start to get a little worried.
The Age 20/05/2013 |
Tiger Australia has continued to narrow its losses due to stronger returns from fares and is operating without restrictions from air-safety authorities.
The Age 20/05/2013 |
When it comes to forecasting the economy - and thereby the budget balance - the econocrats of the Reserve Bank and Treasury are on a hiding to nothing.
The Age 20/05/2013 |
Markets ought to be about competition. To quote historian Niall Ferguson, they should ensure the survival of the fittest, not the fattest.
The Age 20/05/2013 |
Investment bank Morgan Stanley Smith Barney is being sued after losing more than $5 million from the super accounts of two private clients with a series of "aggressive, highly speculative and high-risk" trades using derivatives and share options.
Sydney Morning Herald 20/05/2013 |
It is getting virtually impossible to find an expert who believes global equity markets are a risky place to invest. As markets on all continents grind higher and higher, the bears are in danger of becoming extinct and the Winston Churchill "voice in the wilderness" warning us of the troubles ahead seems to have departed the scene. When everyone is in agreement, we should start to get a little worried.
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