Member Info for Beyondthesea

Hello all, it's been a while (hiding while the SP was so low), I had to sell some of my holdings sob, but still hold some here.

One part not discussed in the compensation is the value of the EML licence area, it surrounds OCP which gives it great value. EML also hold the prospecting rights to the NE.

These are of value, especially to OCP any deal pre a potential court case would I suspect involve EML transferring these licences to the government/OCP.

Hopefully its after some awaited news. We could have,

new broker update

funding/streaming deal for gold

off take for uranium

or the assert valuation (which I think we will almost certainly get before funding).

Speaking of the asset valuation I have been having a look at the Beisa infrastructure using the recent photos posted by NEO on X & google earth.

It all looks to be in decent condition on the mining site & not looted (for the scrap value), as is sometimes the case.

Good to see workers on site also, these look to be mining contractors so it looks as though they are cracking on with things.

The only downside is the staff accommodation looks to have been demolished.

Speaking with an Ex African miner he told me that this type of accommodation was relatively basic (single brick skin & metal corrugated roof), so hopefully it would not take much to replace what has been demolished.

It's frustrating being suspended I know but things look to be happening while its in suspension & on a positive the SP isn't drifting down.

GLA

No that 23p figure is still pre production.

"By adding Henkries estimated value of $58.5m to Beisa’s uranium and gold figures, a Group figure of $803.1m is derived. When divided by Neo’s projected number of shares in issue, to account for the Beisa consideration shares and any other share that may be issued within the next 18-months, a risked value per share of 23p is computed or 20p to factor in a small 10% sign-off risk prior to concluding Beisa’s purchase."

There is more dilution to consider however since this note was before the 09/12 RNS when NEO acquired the shaft/infrastructure.

Patience needed here. I have no worries over the current suspension.

Have a great weekend all.

It looks like a lot of yesterday’s debate has been erased.

The Beatrix 4 Shaft Complex and Beisa Uranium Mine.

JB met on site at Beisa on Friday.

Refurbishment work is already taking place.

The asset valuation is due Q1, not only valuing the $17bn of gold & uranium but also the infrastructure Neo have managed to acquire for way below market value.

Once valuation is complete expect news on financing using gold (by product), as a revenue stream.

Beisa is a brownfield site production can come quickly here.

✅ acquisition documents signed

✅ advancing regulatory approvals

✅ +ZAR 2 billion of plant and shaft infrastructure

✅ now over 117Mlb U3O8 and 5.4Mozs gold resources

✅ clear pathway to production

How do you get on it?

I can’t even find the right telegram group.

Entirely agree with you Grudge. There is no need for panic…or maybe there is for investors who are not currently invested.

The whole team (advisors, S/stii, brokers & auditors), are now in place ready for financing & production (hopefully within 12mths).

As for JB let him have a weekend off he is a very busy man.

Ps, gold at record highs ($2800 oz), which is a great time to use it for an upfront finance deal.

It looks like NEO are getting their ducks lined up with new,

Broker, advisors, mine contractors & now auditors.

The current asset valuation will give potential lenders (and the auditors), a good idea of what NEO have managed to bag. The infrastructure deal was amazing & suspect we got it well below a quarter of it's real value.

S/still-water also have Uranium tailings at their Cooke plant.

Hopefully given they are our largest shareholder a deal can be done for those tailings (32mlb), as well.

The latest RNS isn't great but while we sit in suspension, things will be moving on given contractors are already redeveloping Beisa & Beatrix shaft & asset valuation as mentioned previously takes place.

Oh & gold now above $2800.

Enjoy the weekend all.

JB on site today. This is his C post yesterday.

“ Great to have Shore Capital come on board and join Bacchus Capital as our core team of advisors.

On site within both tomorrow at Beatrix 4 and the Beisa Uranium.”

And a new major resource report expected also.

JB mentioned them on X back in December so it doesn’t come as a surprise.

“ The SSC Group in South Africa.

A diversified group with interests in underground mining, mining rehabilitation, tailings dam reprocessing, mining and gas exploration, and renewable energy.

One worth watching”

Another box ticked. More importantly with their experience we might speed through the rest of the regulations a bit quicker.

Yes I think you’re correct.

JB’s last interview seemed to suggest funding was coming from different parties for different projects.

Having gold streaming deal & off take with upfront payments would be very useful to Neo & the SP.

£237k buys in total just turned up also

Warren, agree with that but even before revenue NEO can & should rerate.

Mr market is still treating NEO as an explorer however since the transformational 09/12 RNS where NEO acquired Beisa shaft & infrastructure makes NEO a near term producer.

The asset valuation will go a long way in understanding just what NEO have now got in terms of infrastructure & in ground assets. This should allow a rerate (especially with funding deals done).

There is plenty of news to come here Q1. Today's announcement is only the start with,

✅ acquisition debt funding

✅ progress with SA regulatory approvals

✅ Henkries resource expansion drilling

✅ SAMVAL independent valuation reports

All to come.

Mcap £11m???

Andy you are putting the cart before the horse.

An RNS on funding has already been issued 09/12

“Update on Company's Debt and Commodity Based Funding:

· With the formal acquisition documentation completed on the Beisa Uranium Project, the Company can now finalise its previously announced debt and commodity-based funding

· This funding is proposed to fund the acquisition costs of both the Beisa Uranium Project, the Beisa North and Beisa South Uranium Projects and the Company's working capital costs to complete the various updates to the development studies needed to recommence mining and processing, additional exploration and development work at the Beisa South Uranium Project and at the Henkries Uranium Project

· This funding is to be available for settlements of these acquisitions in 2025 upon receipt of the necessary regulatory approvals

· The Company is advancing these funding discussions positively with several parties and will provide further updates on them in due course

· As part of Sibanye-Stillwater's due diligence on the Company, they completed a review of our financing plans and were satisfied with what was proposed and our ability to complete the financial settlement once all conditions are satisfied”

All NEO & JB are doing via X is reiterating what the RNS already said.

Any lender would want to make sure any loans can be quickly repaid, the infrastructure deal ensures this can hence any financing had to be post 09/12.

Neo have instructed an independent financial review of the whole Beisa mine due back this quarter.

From the interview we know Neo are talking to several interested parties not just about the by-product gold but off takes for the uranium also.

They have always reiterated that any debt will be against the assets & not dilutive.

I think we just all need to be patient & await the next step.

There looks to be a lot happening this quarter, let’s see what comes up.

GLA

From cap_kirk “ Ready to dig ? That's why the people in the know are selling. It will take 2 years for all the regulatory steps”

If beisa was a greenfield site then maybe but it isn’t it’s in an established mining region. In fact the shaft & mine were in use right until 2023.

Sure approvals & transfers needed but while that is happening NEO have already started work on the renovations needed for Uranium processing. The cherry on top is there is already 5.9Mlbs U3O8 and 0.26Mozs of gold already developed and 'reserves'

Have a look at the link below.

This is quite detailed which sits with the interview yesterday where JB mentioned no need for a BFS. This is Neo already drawing up plans with a mining contractor.

https://x.com/jb_miningafrica/status/1873272927262757143?s=46&t=UCqI9XtL0uL5lg-FJxcQFw

Another point I saw from JB’s tweets yesterday was referenced to the B-BEE transaction I think this may be another reason JB is in SA & the next RNS announcement ‘possibly’ with an announcement on the mining contractor as the two may be interlinked.

GLA

I doubt it given JB tweeted this quote two days ago.

“ The high-level debt terms are clearly set out.

We have further made it clear that equity funding is not under consideration - sorry brokers ain't happening”

How many more times can he say the debt raise is against commodities & wont be dilutive.

There wasn’t anything we didn’t know said in the interview. A couple of new positive bits.

Buyers keen on purchasing uranium & paying upfront for the off take.

No BFS for Beisa moving directly to contractors to design the mine & refurbish it.

Plenty did not understand that the shares issued for the purchase of the mine had already been announced.

Some of the approval process is due to Neo being listed on the main index not AIM, more paper work& time but it won’t be an issue.

GLA

If you had the money would you have lent NEO a junior miner (MCAP £12m), $25m before finding out how quickly you would get it back? Remember the shaft/infrastructure deal was only completed 09/12.

Now we have the means of getting the gold out of the ground debt loans can become a reality. Consider why NEO have requested an independent review of both infrastructure & resources at Beisa. Lenders may want insurance on their lending & insurers will 100% want to know that they are covered.

The 09/12 RNS has not been fully appreciated, miners can boast what’s in the ground but getting it out is a different matter. Neo have the means to repay the debts back.

“ Approval is not a formality. FACT”

Indeed but this basin is one of the most prolific gold & uranium prospects in the whole world.

Historic mining has taken place for years, approval not being accepted IMO would be almost unthinkable especially given S-Stillwater are on board.

We all decide how & when we invest.

JB has made it clear several times there will be no dilution.

Debt financing through the gold is very doable. In an interview in October he suggested 10,000oz for $25m.

GL

A good interview,

A few here have misunderstood the debt financing package. The shares JB mentioned have already been RNS’d previously.

Secondly, on permitting Beisa is already fully permitted but the transaction requires transferring the permits over to Neo. The Henkries project needs permits which Neo have already started to deal with.

New interesting parts are using the Uranium as well as the gold with buyers willing to pay upfront for the uranium.

That infrastructure is going to fast track the Beisa project no BFS needed directly to mining contracts to update the mining gear for uranium.

All good stuff.