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Nyota Minerals Share Chat (NYO)



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bratt90
Posts: 24
Opinion:No Opinion
Price:0.00
RE: Nyo
30 Nov '17
maybe it was for just us Aussie shareholders because its an Aussie company going to a British virgin island company
 
beton2
Posts: 152
Opinion:No Opinion
Price:0.00
AGM
30 Nov '17
All resolutions passed.
remuneration report passed. We have a new name. and will change from an Aussie company to BVI company maybe.
beton2
Posts: 152
Opinion:No Opinion
Price:0.00
AGM
29 Nov '17
All resolutions passed.
remuneration report passed. We have a new name. and will change from an Aussie company to BVI company maybe.
yoshie
Posts: 2,116
Opinion:No Opinion
Price:0.00
RE: Nyo
29 Nov '17
What mail, Bratt? I receive or heard nothing.
beton2
Posts: 152
Opinion:No Opinion
Price:0.00
RE: Nyo
16 Nov '17
The BOD can only do so much. They can find a project. It is up to the shareholders to accept the project and do the appropriate requirements to get the project up and running. A RTO is done for two distinct reasons. (1) to get a quicker listing, and (2) to get access to money. In the case of (1) the project has money already and we are selling a bare shell and we get nothing. In the case of (2) the project needs money and we the shareholders have to accept the project and provide a bit of start up money. Which gives us something. It also gives us a chance to get back what we have essentially lost already. If the project is a good one we have the opportunity of gaining more than we have lost.

Bad management put us against the ropes. The old BOD was booted and a new BOD brought in BigDish which was a good deal for us. Redtape killed that deal. PH was a easy deal for the BOD. Too easy (it screwed us) and we, the shareholder gave that the boot. That only left one deal on the table which was an even worse PH deal. Fortunately redtape killed that deal. Fortunately we have one chance to survive.
bratt90
Posts: 24
Opinion:No Opinion
Price:0.00
RE: Nyo
13 Nov '17
yeah mate received the mail today looks positive and the BOD are doing everything they can to resurrect this co and its shareholders lets hope for a positive outcome
beton2
Posts: 152
Opinion:No Opinion
Price:0.00
RE: Nyo
13 Nov '17
I have received the notice for the AGM which has the name change, the renumeration report and the possible move to BVI. I also know that the BOD have been busy trying to salvage this and have looked at several RTOs of which some are still current. In the letter it calls for shareholder support to prevent folding via RI. That is the announced info.
You should have had a letter by now.
bratt90
Posts: 24
Opinion:No Opinion
Price:0.00
RE: Nyo
13 Nov '17
im just frustrated mate cant find out anything you say you've received mail regarding change of name ive recived nothing tried to contact Sergey and is phone just cuts off
beton2
Posts: 152
Opinion:No Opinion
Price:0.00
RE: Nyo
12 Nov '17
I give you a bone and you want the roast. You cannot have the roast yet.
bratt90
Posts: 24
Opinion:No Opinion
Price:0.00
RE: Nyo
12 Nov '17
how do you know whats going on
beton2
Posts: 152
Opinion:No Opinion
Price:0.00
RE: Nyo
11 Nov '17
There is still life here. The BOD are trying hard to get a deal over the line.
bratt90
Posts: 24
Opinion:No Opinion
Price:0.00
RE: Nyo
10 Nov '17
anybody know whats happening
khukov
Posts: 107
Opinion:No Opinion
Price:0.0086
Nyo
7 Oct '17
This is dead and buried mate myself down two grand on this sack of shit. bought in when cey sniffing around whent down hill from there. Oh well just have to write it off against tax I suppose
knee
Posts: 126
Opinion:No Opinion
Price:0.0086
Where we are
6 Oct '17
Bigdish loan and interest is approx. �210k, overheads including legal costs and directors fees are estimated at �100k. There may be other costs involved in winding up a company or trying to relist it. Thus liabilities look like �300-325k ish. There may be a few cents in the safe but nothing to write home about. There are options on the exited Italian assets which may be worth something in a few years time but at present are worthless or at an option value. So the hole looks like �325k. The BOD have told us nothing since the delisting of their ideas , some habits never change. It may be possible to get all payables to take a haircut on their debts if there is a hope of getting a future payment. If the directors do not write off 50% of their payable then I think shareholders would be very aggrieved yet again. If Bigdish can be convinced to take 50% as well it will be 65-70% of the total payables agreeing to a haircut. There may be a route to force all creditors to accept the majority vote of creditors under Australian law. That gets the amount down to manageable levels if there is a plan for the phoenix to rise.
khukov
Posts: 107
Opinion:No Opinion
Price:0.0086
Nyo
6 Oct '17
Think it's game over mate unfortunately
Barry_Allen
Posts: 530
Opinion:No Opinion
Price:0.0086
Do we have a shareholders
6 Oct '17
Action group yet?
UTG36
Posts: 2
Opinion:No Opinion
Price:0.0086
Mandatory Corporate Event
2 Oct '17
Has anyone else received a letter about this?

Reads:
We are writing to advise that NYOTA MINERALS LTD NTV has recently announced a Corporate Event.

Effective from 7.00am on 22 Sept 2017, the stock has been cancelled from admission to trading on AIM.

Please note that this event will be mandatory. If we receive any further updates on this situation we shall write top holders again.
Barry_Allen
Posts: 530
Opinion:No Opinion
Price:0.0086
RE: Update
1 Oct '17
Bigdish won't do anything and neither will fsa
Taxibabe
Posts: 449
Opinion:Hold
Price:0.0086
RE: Update
1 Oct '17
Its premature at this stage await the outcome of the fsa inquiry and the decisons of big dish. Note thet were owed 200k and wont be happy either.
knee
Posts: 126
Opinion:No Opinion
Price:0.0086
RE: Update
28 Sep '17
Is legal action being taken against directors and/or broker? If so in UK and/ or Australia? Is there a shareholders action group formed?
Taxibabe
Posts: 449
Opinion:No Opinion
Price:0.0086
RE: Update
27 Sep '17
The matter is now sub judice and i would advise shareholders to avoid contact
knee
Posts: 126
Opinion:No Opinion
Price:0.0086
Update
27 Sep '17
Has anyone heard from the directors on what they are doing or planning to do? Given they no longer have to send out any RNSs how are they going to communicate with shareholders? Nothing on the website. Surely the shareholders can get them to open up now there are no listing rules to follow.
beton2
Posts: 152
Opinion:No Opinion
Price:0.0086
RE: Court
25 Sep '17
We have been suspended since way back. We can convert now but delaying doing so. We will see how the cards fall first. At least we have tax losses at the end of the day. I don't think this is finished yet.
yoshie
Posts: 2,116
Opinion:No Opinion
Price:0.0086
RE: Court
25 Sep '17
beton2, I know you hold these in ASX. Are you able to convert to the UK shares and sold before AIM suspend?
If you still holding, good to have you onboard as you seem to have good knowledge on this one & the BOD.
Taxibabe
Posts: 449
Opinion:No Opinion
Price:0.0086
Court
24 Sep '17
Who is Ben Turney I wonder?




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