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CEO Sean Heathcote has just landed back in South Africa today. So maybe the news will flow.
Need news here for the market to believe and give a reason to send the price higher..What are you doing NEO?
Blue
Accelerating production for 2024..
https://twitter.com/JB_MiningAfrica/status/1725397029512212985
Uranium $80 a pound up from $74..
That’s 5 non executive directors - I.e. people who are not working on this full time. Maybe 8 meetings a year. Wages for those are around £40k plus £100k for the chair.
I totally agree, also another point missed here, the company doesn’t need to go to BFS as they are not going to banks for money. This goes to production without it. Then becomes self funding. They might then decide to go down the BFS if they decide it’s better to sell the asset. It’s such a fast moving project something no major could achieve in the same time.
Marula yet to get a JORC compliant resource for their lithium. NEO have over 16,000m of drill cores to go through and already have a JORC resource of 4.7Mlbs of uranium. They have a proved pilot plant production of ore with 85% recovery of uranium. Very advanced more so than Marula's Blesberg mine...all for 1.2p
So our neighbours and twin company announced today they were ahead of schedule for drilling. When have you ever seen that type of rns. Looking forward to the same business model applied here.
Absolutely. The uranium isn't 200-300m deep like most prospects in Canada where it costs 100's millions to extract. Therefore the in ground valuation is far higher due to the cheap extraction costs. This has been overlooked by the markets current valuation.
I don’t like to use the word no brainer, but here we are. #neo literally have a billionaire backing them. Who has no interest in dilution. This project will get to production, and very quickly. There is no hard rock, no blasting just digging up sands at a very shallow depths. A few diggers and trucks and we are away. Fortunately the billionaire has all
These to hand. Got to be a buy here
Looking at a 5 bagger before mine goes into production.
Current NEO Mcap valuation is $3.82 per lb in the ground based on 4.7Mlb.. way too cheap. Should be $10 in the ground considering near to surface and free digging low cost extraction. Mcap of $47m or £37.7m = 3p a share.
Expand to 10Mlb resource @ $10 lb = Mcap $100m or £80m = 6.36p a share.
BUY BUY BUY
Plenty of newsflow here on ops they are already working on. Cores and assays and soil sampling to increase the resource and the footprint. Only 10% of the 734km2 licence studied and already a JORC 4.7Mlbs of uranium. Uranium on it's way up aswell. About $74 lb. Expecting to hit $100.
ok, so this is absolute rubbish. what is happening on telegram is that there seems to be the same amount of de-dampers on there as what there is on here. the reason us because of the potential of the company. *****on van de burgh interviewed tonight and we already know through interviews on day 1 that no more placings are required to get this company positioned for production of uranium.
anglo american spent a casual $30m on this project area and there is thousands of metres of cores which will be assayed and tested.
watch this space for developments
Provide a link to the so called Telegram group. If you search telegram @neo there are no such groups. Back up your findings rather than appearing to deramp. Also explain new subscription for shares at a premium of 1.25p, red flag here then?
Someones picking these shares up big time. Late trades always reported end of the day around £60k+
Lol..got any other stories.
Haven’t got access to the #Neo page, but it seems that Jason Brewer has been caught out finally
It seems he was questioned about the huge number of shares that he awarded himself in the placing, which wasn’t disclosed., only found if you delved deep into the prospectus.
With a myriad of associated companies holding shares on behalf of him, it is clear that he will be selling as the share price goes up.
Many shares have been awarded to him at 0.22p
It seems that this hit a raw nerve, so clearly his intentions are to be selling as you guys are buying
With all the pumping that is going on on Twitter and other social media channels. There are many red flags here, In regard to this company.
Please be aware directors selling without notifying the market.
There are too many red flags for investors to invest here, I am just bringing this to your attention
Can you share the link ?
Yes there is
For NEO
I agree page. People are getting hung up on first funding at a low price . There has also been big investment at 1.25 . A premium to current price and big backers holding for much higher gains . I’m invested at around an average of 1p . Won’t consider selling any until north of 2
NEO's biggest backer has put in £3.5m for 406m shares. I think that's more than 0.2p lol
He wouldn't do that if he thought it wasn't worth it..follow the money.