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Nyota Minerals Share Chat (NYO)



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beton2
Posts: 152
Opinion:No Opinion
Price:0.00
RE: beton
12 Jan '18
Alexander. Hello. I emailed Andrew today regarding unanswered emails. He has gotten on to Sergii and it is being addressed. Also over the weekend the website is being updated. They could not do this without some funding.
The offer ends 5PM 31 Jan Aust Eastern daylight time.

I hope to be speaking with Andrew early next week.
 
Alex_ander
Posts: 20
Opinion:No Opinion
Price:0.00
RE: beton
12 Jan '18
Beton, thank you for the informations - as an existing shareholder I would like to get the information also from an official source, not only from a forum. I am willing to invest, and I am elegible to invest, on the terms you described, but how can I know that that what you write is officially the plan of Nyota??
I wrote to them, asking for confirmation or documents, but I did not get any answer.
So where can I find official documentation??

Also: If they want to get money by emitting new shares - and by getting existing shareholders to invest more - how do they think this will work if they are not explaining the plan - and if they do not publish any news on the site or on other websites?
How do they think they could reach new shareholders?
I hope you can help me - deadline for me is 18.01.2018 to invest with the price of 0,00025 GBP each share.
beton2
Posts: 152
Opinion:Buy
Price:0.00
RE: beton
10 Jan '18
Firstly I have my copy of the OIS. Secondly I have rang and asked about the deal. And thirdly I have researched what I can. and Fourthly I have already paid. I refused to let this die. I introduced our salt project to the BOD, but some members on our board were cold on it. So I introduced another party with a lithium project but that project was too far advanced. However the other party presented this project and I was informed after the documents had been lodged with ASIC.

If you are a shareholder and have not received your OIS then email the company. If you are a sophisticated investor and want in email the company.
beton2
Posts: 152
Opinion:No Opinion
Price:0.00
RE: Twitter
10 Jan '18
The offer has been approved by ASIC and the documents have been sent so the offer is in the public domain. It needs discussion. and people should be made aware of the project and the rights issue. The OIS is the only way the company can put information out. It can no longer do RNS and ASX anns.

The first step is to pay the cash payments to acquire Ubecoin. This is in the rights issue and share placement. Then the remainder is in shares. Also it would be good to have some cash to pay the smalls, past and present.

The cash requirement from Ubecoin is to upgrade their website, to start rolling out there marketing and to mine sufficient ubecoins to run an ICO. Personally I believe that once the purchase is completed Ubecoin can raise sufficient cash via the marketing and ICO.

The intent is to list on the LSE. They have their requirements. A IPO will be required to assist this. They will also have to banked a years working capital. And they will have to meet a minimum value. They need to do this within 6 months.
beton2
Posts: 152
Opinion:No Opinion
Price:0.00
RE: All systems go
10 Jan '18
The offer is to eligible shareholders. It has been written in a manner to abide by the Australian laws. To comply with the UK FCA would be prohibitive and time consuming. Retail UK shareholders are not eligible shareholder. Sophisticated Investors are eligible shareholders. I understand that this point is self regulatory. I know what I would be saying and would have a stat dec included when I returned the papers. Actually I would just be doing the BPay. I am not suggesting that you do this. But explore your options. You may already be a sophisticated investor. Others reading this may be as well.

They will meet the minimum cash raise in round one and also sufficient to finalize the purchase of Ubecoin in stage 2 (the warrants)

We are all shareholders of Irae (NYO) It is an Australian company (all shareholders remain shareholders). It will be an BVI company and we will all still be shareholders. It will list on the LSE. The BOD have done this before.
We will all then be able to trade our shares equally as it is one exchange and not the previous dual listing.
draft
Posts: 15,925
Premium Chat Member
Opinion:No Opinion
Price:0.00
beton
10 Jan '18
how do you know all this?
yoshie
Posts: 2,111
Opinion:No Opinion
Price:0.00
Twitter
9 Jan '18
Beton, is it wise to put in main twitter feed all the info. you posted here or still immature in case might spill the barrel.

If fund raising needed more support needed.
When do you think they'll more details & do the LSE / UK fund raising?
yoshie
Posts: 2,111
Opinion:No Opinion
Price:0.00
RE: AGM
9 Jan '18
Good to register as a BVI company as less restrictions and also taxation benefits.
New World and Gas although going private also going to BVI and name change - it'll have a future.
So hope this will have a good future too.
yoshie
Posts: 2,111
Opinion:No Opinion
Price:0.00
RE: All systems go
9 Jan '18
beton, got notice in corporate action of broker account. But it stated non-Australian investors cannot participate. As known Aussie market not as liquid as UK. Also with NYO most shareholders are UK. So wonder if they will be successful raising the funds required?

Any idea if we hold shares in UK - what will happen tour shares?
beton2
Posts: 152
Opinion:No Opinion
Price:0.00
RE: Question
6 Jan '18
My pleasure. I have had more time to do research. I add one and one and get six. The question here is how much can Ubecoin bring to the table? I think (after some googling) that the Free Trade Barter is just the tip of an iceberg. Mr google sent me down a rabbit hole and I found some rabbits. Bitcoin was made to trade with B2B and B2C, however it is primarily used as an investment. Bitcoin can never be used as a currency, it is similar to a gold bar. I can see Ubecoin as a global business currency for everyday transactions in a relatively short period.
CausticYoda
Posts: 25
Opinion:No Opinion
Price:0.00
RE: Question
6 Jan '18
Thank you for your opinion 👍👍
beton2
Posts: 152
Opinion:No Opinion
Price:0.00
RE: Question
5 Jan '18
please note that anything I have written, now and previously, that is not contained in the OIS is my opinion only and as a result of me doing my own research. Any forecast is also a result of that research. You still need to do your own research.
beton2
Posts: 152
Opinion:No Opinion
Price:0.00
RE: Question
5 Jan '18
You have four options depending on your situation. If you are an non Australian retail investor then you have one option and that is to do nothing. Ultimately each share should be worth GBP0.01 pre-consolidation.The danger here is that insufficient money is raised and the deal falls through, then the company will face folding. There is self regulation in declaring that you are an eligible shareholder. Thus if you are an eligible shareholder then Option 2 is to participate in the rights issue and the attached warrants. This will double your holding at GBP0.00025 per share. Option 3 You can also apply for shortfall shares including warrants and thus increase your holding accordingly. Alternatively and or additionally if you can produce confirmation that you are a sophisticated investor you can participate in the option 4 of the share placement. You do not have to be an existing shareholder to participate in the share placement. Just contact the company via the nyota web page contacts.

The board has presented a very good deal to existing shareholders. It however needs support from the existing shareholders. Support is well rewarded. Those that don't support will also win.

The previous board needed to go. They were replaced. The closets were cleared out and the company was dressed up as a shell. The BigDish RTO was presented on cue. Red tape and not the BOD killed the RTO.

Peterhouse presented the only deal in town that could have seen us go forward. It was a bad deal and we the shareholders voted the deal down. That put us in an even worse spot and peterhouse jumped in with a worse deal. The BOD only had one option and that was to re-present peterhouse's deal or fold. Fortunately red tape works two ways.

IRAE NEEDS YOU.
CausticYoda
Posts: 25
Opinion:No Opinion
Price:0.00
Question
5 Jan '18
Hello, I thought this was a dead duck, I hold 1,800,000 shares in NYO is there any upside for me in this situation, I would appreciate any information that could be put my way thank you
beton2
Posts: 152
Opinion:No Opinion
Price:0.00
RE: all systems go
2 Jan '18
The numbers are simple. 2.16 billion SOI. After the CR (rights, warrants and SSP) 5.239B SOI. After full purchase of Ubecoin 20.556B SOI. A consolidation is needed. So 1:100 gives 205.6M SOI. An IPO will be needed to help list. Say at GBP0.25 to raise GBP2M. This adds 8M+ shares giving 214M shares.
The websites are being worked on now.
kammi
Posts: 195
Opinion:No Opinion
Price:0.00
all systems go
2 Jan '18
Hi, the the price being offered they will need to issue billions if not trillions of shares. Its all very confusing. The Ubecoin or the NYO website dont have any info.
beton2
Posts: 152
Opinion:No Opinion
Price:0.00
RE: all systems go
2 Jan '18
The IPO will only be a max of GBP2M. They definitely do not want to relist on AIM. The LSE listing guidelines say business value realistically 100M-300M GBP. LSE is the first option and they do not see any problems doing so. The board have done this before. Alternatively there are other boards. An IPO pre-listing will give credence to the share value. The business proposes to be well north of the GBP100M by listing.
kammi
Posts: 195
Opinion:No Opinion
Price:0.00
all systems go
2 Jan '18
To list in LSE you do not have to have an IPO of 100 m value.There are many 100s of companies valued at 1-5 million look at most of the companies on AIM. where are you getting this info from.Advice please.
beton2
Posts: 152
Opinion:Strong Buy
Price:0.00
All systems go
2 Jan '18
A rights issue is in place. 1:2 with a warrant attached at the last traded price of GBP0.00025. With a shortfall offer and a share placement. UK shareholders have self assessment. If you participate then you can double holding and benefit. Or you can more than double your holding and benefit. Or you can do nothing and benefit if sufficient funds are raised. This is an all or nothing play. Insufficient funds raised will see us fold.
The offer on the table is a fair deal for existing shareholders. If we can raise the funds we gain and we gain equally.

The deal with ubecoin is to list on the LSE. The rules and reality mean that we are not to be disadvantaged. The LSE rules say that 25% of the shares must be in the public hands. Reality says that to list on the LSE the value of the company must be at least GBP100M. So what is on the table ensures 20 bags. The numbers are simple. 2.16 billion SOI. After the CR (rights, warrants and SSP) 5.239B SOI. After full purchase of Ubecoin 20.556B SOI. A consolidation is needed. So 1:100 gives 205.6M SOI. An IPO will be needed to help list. Say at GBP0.25 to raise GBP2M. This adds 8M+ shares giving 214M shares. The value of Ubecoin has to be at least GBP100M to list. GBP100M / 214M shares gives GBP0.47. Or 18.7 times the cost of the offer.

The details are all in the offer which has been mailed out or via the contacts page at nyota minerals. If we all do nothing then we all lose. If a majority does something we all win. Have a look at the offer and DYOR.
beton2
Posts: 152
Opinion:No Opinion
Price:0.00
RE: Irae future
21 Dec '17
We directly introduced several projects to the BOD. A project indirectly introduced by one of these projects stuck. All I was allowed to know was that they were talking. Now it is official. We have a deal. We have a project. We have a rights issue. We have a fair and honest deal on the table for existing shareholders to regain their costs and profit.
A specific purpose crypto RTO. Details in the mail. The BOD have come good and given us a Christmas present.

Wishing all a Merry Christmas and a Very Prosperous New Year.
bratt90
Posts: 24
Opinion:No Opinion
Price:0.00
RE: Irae future
16 Dec '17
where are you getting your info from beton
beton2
Posts: 152
Opinion:No Opinion
Price:0.00
Irae future
14 Dec '17
coming next week apparently.
bennvb
Posts: 76
Opinion:No Opinion
Price:0.00
RE: Re AGM
14 Dec '17
Is there any new information on this?
beton2
Posts: 152
Opinion:No Opinion
Price:0.00
Re AGM
5 Dec '17
Not much. It is an Aussie company at present. BVI is cheaper to run. They have held a AGM. They did not fold. So they will regroup and go forward. This means that they will have to relist. 85% of shareholders at UK or EU. So they will relist in the UK. They cannot dual list again. They have had a couple of runs where the shareholders have been hung up to dry. So they are on notice to do a deal that will allow the shareholders to recoup something. They are broke at the moment so whatever deal will need shareholder support. Which is doubly important not to screw the shareholders.
bennvb
Posts: 76
Opinion:No Opinion
Price:0.00
RE: AGM
5 Dec '17
What does this mean to shareholders becoming a BVI company?




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