Member Info for Beyondthesea

Q2 2027 is the target for initial production.

Fingers crossed, :)

It means before SS have the 30-40% equity for the Beisa transaction.

Don't forget the broker target of 13.5p is pre financing, this isn't NEO's final destination, when in production the SP will hopefully be far higher.

The same applies to the SP rise, it isn't going to sit at this price until production, it is already heavily discounted (see broker note), & with every step closer to production that gap will close.

Meantime work to ready the refurbishment is on time & production targets remain in place.

I have added at these lows, lets see how this develops into the year.

GLA

Mining in Africa almost always results in delays when dealing with the governments for licences, permits, EIA etc.

It will come but asking the BOD when is pointless as the department for mines move at their own pace, slooooooow.

It will hopefully come this year, H1 great but if it's H2 then so be it.

As far as I understand the delay has nothing to do with Neo's end of the transfer.

Henkries is now secondary to Beisa, any debt raised with banks/streaming/off takes will be used to get Beisa up & running, that is the 1st target.

Henkries is open pit & easy to mine but you still need $50m to build a U plant, so for now its get the regulatory bits done & wait for the cash to fund it via profits from Beisa.

Mr R, no implications NEO will still be listed on LSE, the JSE will be dual listed hopefully allowing more liquidity. I suspect this may also have been a request/condition from SS.

Suspension wise, it's frustrating but the new CFO will already be planning/creating a finance department within NEO to deal with anything from wages, HR right through to compliance.

NEO are changing from explorer to producer the company will be nothing like the one we all originally invested in once production comes.

From staff of a handful to staff of hundreds its going to be a big change. I am sure Theo has it planned out.

GLA

Give over son, don't post in haste.

""It is better to keep your mouth closed and let people think you are a fool than to open it and remove all doubt"

Said it before with previous suspension but folk really do need to RELAX.

Get off & enjoy the weekend, NEO has new management as the RNS states

"The new management team is dedicated to establishing strong internal controls and processes, which will include several significant changes."

GLA

Stubby, because they can still get onsite & crack on with the next phase of the plan which is updating the site schematics & creating a development plan.

Many on here are commenting on the BOD, JB mentioned early last year that the management team would grow, & grow it has.

Theo is the CEO, De Wet is the CFO these are the guys running day to day issues & the teams below them.

Many keep mentioning JB but here he is only chairman, for those unfamiliar with company structures this means he is not in charge of the day to day running of NEO, so any talk of other companies & JB's running of them is not relevant to NEO.

Stubby56, how can they buy NEO on the cheap? The BOD hold a large shareholding, I think you could do with going back & reading the 9th Dec 24 RNS

"The Company and Sibanye-Stillwater have signed all formal sale and acquisition documentation for the purchase"

yes of course the transfer documents are required (sec11), but this is to satisfy NEO of the rights to mine NOT SS.

Timelines are difficult to maintain but even more so when it's a mine in Africa.

The sec11 delay isn't Neo's fault they can only give shareholders the timelines given to them.

Both SS & NEO have a great deal here, I can see no reason why either are unsatisfied.

Sard,

"one poster claimed salaries included security for the sight when they have no access"

That was me!

Although this has not been mentioned officially, I can tell you on good authority that Neo do have site access. Last week a group of around 30 were onsite, evaluating the current infrastructure.

There have been Remember this sale isn't just in NEO's favor SS will be THE major shareholder.

Neo already have the plans commissioned by SS when they were considering converting Beisa into a U mine, it's a team effort in the same way as both parties are working on the Sec11.

U mining is not part of SS plans, they do not want to spend their cash allocation for projects on Beisa.

They also do not own Beisa N&S which Neo hold.

It's a perfect deal for both parties.

As I said this morning, RELAX about the suspension & deal, its going to work out just fine.

Here we go again, RELAX, there is a new CFO at the helm who only started at the back end of the year.

This is going to be a short suspension then back up & running for March.

Neo are going through a transformation from junior explorer to producer & the team have to change with it.

Having Theo at the helm & De Wit as CFO this is 100% going in the right direction,

Suspension is frustrating but this will only be short term this time.

I thought you were out?

As part of the deal SS did DD on Neo including looking if they could raise the money to fund the purchase & refurbishment of the mine.

Look at Neo's advisors, Bacchus & yellow cake.

Funding will be via a streaming deal for gold & off take for the Uranium.

With such fantastic assets (remember there is 400mt of already mined produce already mined & ready for processing, without any drilling or blasting).

The funding recently announced isn't just keeping the lights on it is now paying staff inc security (onsite), as well as a team preparing the site for refurbishment.

Tomaaa, I don't think the NEO SP would be any different with an RNS, in fact it might be lower.

There is a lot of activity going on in the background on both paperwork (inc Sec11), & on site.

I believe the team, (which it is now), with site security & contractors have been onsite looking at the next stages of prep needed before shaft refurbishment.

This isn't any ordinary sale, with SS being the major shareholder they have already shared their own plans into converting to a U mine with NEO, site access is the same it's not in SS interests not to allow Neo in.

There is also another party heavily involved here, the mining contractor Siyakhula Sonke Empowerment Corporation (SSC Group).

I am confident they will be as eager as Theo is to start mining & employing the local workforce.

As Theo mentioned in a recent interview this is a major project of some significance for SA.

We are a growing group of long termers here, sure traders will come & go but many will keep a keen eye (& stake), here as this has the potential to 30-50 bag.

This could be life changing for many & the opportunity to pick shares up sub 1p is one me & many others see as a great investment.

This is a great message to all the doubters, SS are massive yet they did not want to spend their capital on that project.

This is further reassurance that they are happy with the current deal, & why wouldn't they be?

What makes the Beisa deal so good is it actually serves both parties very well.

For SS, they can maintain a 30-40% interest in a Uranium project (once ramped up will be supplying around 2% of the world Uranium supply) , and also receive a royalty on the U mined. Remember SS didn't own Beisa N&S which opens up 40YR+ mine life, that's what Neo could offer which no other company could.

Neo, needed the shaft which exploits Beisa N&S but they don't need to mine either for at least 17yrs, thanks to the remaining gold & U in central Beisa.

For most of you who back minnow miners you will realise or start beginning to apricate what NEO have with the infrastructure & shaft.

Cost wise sinking that shaft & site prep would be north of $700k+ not to mention the time it would take to dig it.

This opportunity is special, look at other resource plays & find one as close to production & with the assets NEO has for the same Mcap.

I will wait.......

GLA

Lucky " it definitely should of been put out in an rns , it is price sensitive that why we had lots of trades going in because everyone knew the acquisition was going to be signed off with in 9 weeks and now it’s been pushed back it was obvious the price was going to drop."

What do you think would have happened if the news had been RNS'ed? Answer: It would have opened down, possibly lower than today.

There is doubt over the timing of the S11 but this as per interview should not hold up the time scales for production.

It is also worth noting that off take & streaming deals agreements can still be negotiated & agreed before the Sec11.

Tom, As previous I thought both came across really well, Theo is a true miner & clearly wants to get Beisa moving.

Meanwhile U is trading around $100 & gold $5429

Giving a group NPV of around $1.0-1.05bn

Plenty of upside if you consider 14p was based on $80 U & $3000 gold.

This is mining in Africa, when it comes to paperwork there isn't a worse industry or Continent for how slow the wheels turn.

They are on-site this week, so more updates may be due before the week end.

GLA

"Production and sales aren't planned to start for another 18 to 24 months"

The SP won't just wait to jump on production, after each major stage the SP will grow.

1, confirmation of transfer

2, funding confirmation

3, Beisa asset valuation

4, refurbishment commencement

5, Uranium circuit installed

Its going to be a busy year for NEO & the current SP is an absolute steal.

GLA

GL to both of you if you can find better investments.

JB is Chairman here, the CEO (AKA the main man), is Theo Boultas, a SA veteran miner, who has worked on the very shaft NEO are purchasing.

Add to that they have also brought a new FCO, who I am sure will be handling the debt raise.

SS, signed after undertaking DD which included DD on the financial side of the deal.

The beauty about this deal is the timing, SS might not have sold if they knew where the gold price was going.

NEO need to raise to start production $120m circa, this then gives them a 17yr mine life with gold & Uranium already partially mined & ready to be processed.

That's before Beisa N/S which Neo already own, which is why SS find the deal so attractive, it's a win-win for both of them.

Next step is the transfer approval, which should be this Q. After that news you won't see sub 1p any more.

GLA

Oh dear Sard, you are bit behind the times, the deal is already signed, (see RNS 10th Dec 2024).

Its just the transfer NEO are awaiting.

I had not noticed until you mentioned it, the annoying woman talking ad still come up though unfortunately.

For the SP you are better using something else, try the app 'investing.com' it shows trades in real time.

Frog, there is 100% correlation with the gold price, JB has mentioned on numerous occasions the potential for a gold streaming deal.

An offer for $25m for 10moz of gold was mentioned back in Dec 24.

With gold at record highs this type of deal will be attractive to both investors & the BOD.

What discount would be used to set the deal price?

Meanwhile we await to hear from DMRE, we are already into Q1 so news could come anytime.

This would be the catalyst for funding/debt deals & complete the SS deal.

Patience needed, this is mining in Africa.

GLA

LSE also has an electronic order book (SETS), but it is only applied to shares with liquidity, so Ftse100/200 but only a few AIM shares.