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.
     
  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?
     
  3. THUCYDIDES79

    THUCYDIDES79 New Member Silver Stacker

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    No you win 2 oz of Au !

    :p
     
  4. Ouch

    Ouch Active Member

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    Yesssss... when can I collect those 2 ozs?
     
  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....
     
  6. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    But you have to buy everybody on here a beer
     
  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.
     

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