Member Info for Dunk_Biscuit

Probably because there is a 40% dilution hanging over the share price . As soon as the loan note is converted into shares and those shares are traded on the market you will have an immediate 40% dilution . It's a cloud hanging over the sp .

Having Sibanye Stillwater on board is the equivalent of having Peter Jones as your Dragon 🐉 😀 Whoop whoop 🤭 🙌 Neo had to give away 40% of the company but walked away with a fantastic deal 😀

Thanks , when the loan notes are converted it will effect the share price but by that time it should have advanced much higher than this low point .

Correction...they didn't actually pay for them 😃

Sibanye paid 1.10 for their 40% (1 billion shares) the sp can only go up from there IMHO 😀 Good luck if you can buy them at that price !

Just sayin' 😃 No ramping going on here... just straight facts 💯 %

Agree with you ProfitJock !

Https://www.mining.com/sibanye-stillwater-sells-uranium-project-to-neo-energy/

The funding news will break soon and that will boost the share price for Neo .

Could be a military contract perhaps as well as funding ? 🤔 As mentioned before you don't go to No 10 just to dunk biscuits in your Earl Grey ☕️

There was no point in Sibanye having all that plant on care and maintenance costing them money to maintain when they could sell it as they have done . I bet they will buy it back in a few years time ! 😃

Rob 50 I agree that Neo could be sold to Sybanye at a much higher price once up and running . I think that is the intention here . Sybanye will make a killing on their 40% in the meantime with very little risk and effort .

Gord... the market cap is tiny compared to the assets in the ground and that doesn't include the Henkries project which could be worth another $400, 000 000 .

The gold will just pay for all the working capital. Bit of a no-brainer to be honest 😃 Hope there aren't any government/administration delays .

Gord.... the Besia project in total has approximately 117 million lbs of uranium and 5.4 million ounces of gold . Gold at say $2600 an ounce and uranium at say $77 a lb . So that's $14 billion of gold and $9 billion of uranium .

https://x.com/JB_MiningAfrica/status/1866118575158648929?t=fDvV8yR2-j6rNG_Taa76cw&s=19

Https://x.com/JB_MiningAfrica/status/1866167783584633112?t=9QKOFCUXZiDmnp2UGItiMA&s=19

The sum of the parts is worth far more than the current market value of Neo if it all goes smoothly 👌 Plus there is now a quick route to production .

Yes Neo gave away just over 40% (1 billion shares) of the company but have great assets in return 😀 👍

I would say that after the visit to No 10 a government grant is more than a distinct possibility ! South Wales needs it and it will be fantastic for the region 👏

We shouldn't underestimate the talent that exists in the tech industry within Israel. The war has an effect on funding but it's business as usual . Germany has ordered Israel's Arrow 3 missile defence system worth $3.5 billion .

" High-tech drives Israel's economy and accounts for 16% of employment, more than half of Israel's exports, a third of income taxes and 20% of its overall economic output. "

Have faith and ENET could bounce back . Only risk what you can afford to lose.

Good luck folks 👍

Perhaps there will be a cream developed too ? It would be good to be able to attack spots from the outside as well as from the inside . Does anyone know if this is a possibility please ?