Nyota Minerals Limited (NYO)

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General Information
Company Name: Nyota Minerals Limited
Stock Code: NYO
Website: www.nyotaminerals.com
GICS Sub-Industry: Precious Metals & Minerals
Market Cap ($M): 1
Equiv. Shares (M): 882

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.001 $ 0.001 $ 0.001 $ 0.001 $ 0.001 441,129 0%

Company Overview

Business Description:
Nyota Minerals Limited (NYO) is a gold exploration and development company, primarily focused on its flagship Tulu Kapi gold project in western Ethiopia. The Company also holds exploration licences covering regional gold targets in the Northern Blocks in 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.

Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2014  A -3.8 -0.4 -- 0.0 0.0 0.0 --
2013  A -55.3 -7.8 -- 0.0 0.0 0.0 --
2012  A -7.4 -1.4 -- 0.0 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F
Metals X (MLX) $306 M 1.3200 0.3319 0.0162 7.9741 5.9871 5.8917 0.00 2.92 3.57
Nyota Minerals (NYO) $1 M -- -- -- -- -- -- 0.00 -- --
Orocobre (ORE) $350 M -- -- -- -- -- 28.1316 0.00 0.00 0.00
Sirius Resources (SIR) $915 M -- -- -- -- -- -- 0.00 0.00 0.00

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
NYO -- -- 0.14 -- --
Market 0.92 15.1 1.21 1.74 1.52
Sector 0.65 11.2 0.74 0.97 2.82

Name Position Start Date
Mr Richard James Chase Chief Executive Officer,Executive Director 06 June 2011
Mr Michael J Langoulant Company Secretary,Non-Executive Director 01 April 2005
Dr Evan Kirby Non-Executive Director 05 November 2002

Name Position
A Rowland Business Development Manager
Paul Wilson Chief Financial Officer

Substantial Shareholders
Holding Name
111,000,000 (12.60%) Centamin Plc through its subsidiaries
86,913,972 (9.90%) International Finance Corporation (IFC)
114,000,000 (13.00%) Resource Capital Fund V L.P.

Calendar of Events
Date Event
28 October 2015 Report (Quarterly)
29 September 2015 Report (Annual)
30 July 2015 Report (Quarterly)
30 April 2015 Report (Quarterly)
05 February 2015 Report (Annual)
30 January 2015 Report (Quarterly)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.


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