So even though it all looks quiet, actually behind the scenes...

So even though it all looks quiet, actually behind the scenes things are starting to happen with NYO and on 22 Jan 2016, ECR Minerals signed an agreement with UK listed Metal Tiger (MTR) to find a solution to utilise the ~$66 million of tax losses they hold in Mercator Gold (MGA). The facilitation agreement outlines the terms and conditions of the agreement and the fees to be paid.

Who was a Director of ECR minerals up until 2014 and who is now a significant shareholder in NYO and was just appointed MD of Metal Tiger?

Weave in to the fact that MTR just purchased into ZimNRG, subject to shareholder approval in March, and you might see the same names cropping up.

ZimNRG are an investment holding company and they can probably do things that MTR can't.

ZimNRG is to be renamed  MetalNRG and to go along with that change they will also have a change of investment policy and a new director will be appointed to the board.

NYO makes a nice shell to roll out a commodities based Fintech opportunity. Of course it is all speculation on my part but with the NYO Directors being given performance options to hit certain milestones, it is clear that something is going to happen in this space.

At these prices I am a buyer and it is hard not to be excited when the median gain of recently tracked RTO companies is hitting a market cap of $22 million, which is a fair whack away from the current position.

I have put NYO into the short term trading lounge as my pick, as it seems to be flying under the radar currently. As someone told me though, "it is a dog of a stock", but then every dog has its day and maybe that will be sooner than we think.