Myles on twitter22 Apr 2026 12:07
This guy has a few fans-followed him into a few stocks Mka-avct etc,this is shat he thinks of Neo
Myles McNulty
@MylesMcNulty
·
2h
A monster development from uranium-gold developer, Neo Energy Metals #NEO $NEO, with the board seeing four new joiners (including a new chair) and six departures.
Read through the resumes of the new directors in the RNS and it's plain to see that this isn't just a punchy upgrade, but a complete transformation in terms of board quality.
Many market participants I've spoken to in recent months about NEO think the assets and story are quality and compelling, and the valuation disconnect extreme, but that the (now former!) board weren't up to scratch to deliver the projects.
A reminder: across its South Africa projects, Neo now has an in-situ resource of 121 million lbs of uranium, and 5.4 million oz of gold.
At current spot prices (Au @ $4,750 and U @ $87), that equates to an in-situ value of $36.2 billion.
ShoreCap - the only house currently covering the stock - has the first project, Beisa, coming online in circa 18 months. Within 3-4 years, they estimate that that operation will be generating circa $215m EBITDA per annum, at current prices.
It's worth highlighting that Shore Cap has a target price of 14.0p, versus the current share price of 1.0p. And the price deck used by the analyst to arrive at that 14p target was Au at $3,200/oz for life of mine, and U at $85/lb.
......
Today's news changes the story completely. At 1.0p, NEO's mkt cap is a mere £26m. Due to the co-production nature of Beisa, it could, in the not-too-distant future, be one of the lowest cost gold producers or uranium producers worldwide (depending on which way you look at it!).
I believe this stock now has the real chance of doing 10x, 20x from 1.0p, within just a couple of years.
[And I have
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