Ethopia Gold Explorer/Producer

Discussion in 'Stocks & Derivatives' started by Roswell Crash Survivor, Apr 19, 2011.

  1. Roswell Crash Survivor

    Roswell Crash Survivor Well-Known Member Silver Stacker

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    Noticed this stock on the ASX - I'll disclose the name when I get some replies or someone correctly guess.

    Approx market capitalization AU$130M.

    One current gold operation in Ethiopia.

    Peaked at January 2011 at 0.49 and been on a slide ever since. Why?

    Down on its luck around 0.27 at the moment. Very low volumes.
     
    Roswell Crash Survivor, Apr 19, 2011
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  2. Ouch

    Ouch Active Member

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    Is it Nyota Minerals (ASX:NYO)? Do I win an oz of Au for being correct?
     
    Ouch, Apr 19, 2011
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  3. THUCYDIDES79

    THUCYDIDES79 New Member Silver Stacker

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    No you win 2 oz of Au !

    :p
     
    THUCYDIDES79, Apr 19, 2011
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  4. Ouch

    Ouch Active Member

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    Yesssss... when can I collect those 2 ozs?
     
    Ouch, Apr 19, 2011
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  5. SilverSanchez

    SilverSanchez Active Member

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    There is a little saying that has always been helpfull, stocks rise on hype but seem to fall under their own weight....
     
    SilverSanchez, Apr 19, 2011
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  6. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    But you have to buy everybody on here a beer
     
    spannermonkey, Apr 19, 2011
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  7. Roswell Crash Survivor

    Roswell Crash Survivor Well-Known Member Silver Stacker

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    Literally took 3 minutes for someone to crack this puzzle - yes it is Nyota - no I can't give you an ounce of our white reflective friend.

    Anyone know how it ended up where it is right now? The market depth numbers are painful to look at.
     
    Roswell Crash Survivor, Apr 19, 2011
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