....'Richard Chase, Chief Executive Officer, said “During the quarter we focussed on Nyota’s future, both inside and outside of Ethiopia. However, with the mining licence application for the alluvial deposits along the Abay River rejected a few days ago, our strategy has had to change, particularly given that the Company is not to be self-sustaining in terms of cash flow in the short term based on its current assets. Therefore the new opportunities being evaluated become all the more important and, although we have stabilised our costs at a very low level, we plan to act rapidly to define our future.”'...
Out of the qrtly statement, I assume the Italian acquisition was part of this plan, but will there be any more. Anyone got any thought's?
NYO Price at posting:
0.2¢ Sentiment: None Disclosure: Not Held
