Member Info for FTJNY

Yes H2G my average cost per share is 1.02p so I’ve just over £150k invested in NEO. To be honest this is a similar amount to what I invested in Solg where I had about 1.1m shares and my average pps was 16p and they got taken over for 28p so I made a reasonable profit but nothing earth shattering! I then got a tip off about SML and eventually built a holding just north of 7m shares at an avg pps of around 3p but then got a tip on NEO so I sold down my holding to 1.1m ( finally getting a single bagger at 6p per share) and invested some of that profit in NEO.

To be perfectly honest Solg was a long drawn out drama which tied my money up for far too long! However getting into SML reasonably early was a bit of a game changer where I was only risking money from profits made on Solg and similarly here I’m only risking money from profits made on SML.

So yes even though it’s money from profit it’s still a hell of a lot of my skin I’ve got invested here, but as the saying goes “you’ve got to be in it to win it” and as I’m now in my mid 60’s time is running out to make that life changing investment so when you see it you need to go for it! Based on everything I’ve read along with my own instinct, NEO is massively underrated and undervalued by the market and therefore represents on of those rare once in a lifetime opportunities to make real wealth and transform not only my life but my whole families! Good luck to everyone invested here!

I recently added again and now have 15m of these golden nuggets! I missed the rerate from pennies to 30+p in GGP and I missed the boat again with Solgold’s rerate from pennies to 40+p and I’m determined not to make the same mistake again! The really big money gains with life changing amounts happen when you invest early in the cycle when the SP sitting at or under 1p. I kicked myself with GGP & Solg by not getting in soon enough so I’m on board early this time with profits I made on SML so effectively a free ride! They say you should never wish your time away but I’m very excited with my investment in NEO and can’t wait until we start production towards the end of next year when I’m convinced I will finally get the multi multi bagger I’ve been looking for! GLA

And Neo are currently valued at less than 1p a share! Massive disconnect between value in the ground and Neo’s market valuation!! At some point in the not too distant future there will be a huge re-rate and by Dec 27 the SP will be many, many multiples of where it sits now! Many on here have likened the opportunity in Neo to what happened at GGP and given its current valuation vs its potential resource value this could well mirror the kind of re-rating seen with GGP. Very exciting times to be invested here with the AGM on Monday including a new corporate presentation from the new board followed a few weeks later by part 1 of the license transfer from SS. There are so many potential growth catalysts to come over the course of the next 18 months and IMHO anyone invested here towards the end of next year will be very handsomely rewarded which could well turn out to be life changing! GLA

Highest close since Dec 24 and hopefully this bodes well as we move into May with lots of good news to come over the course of May & June! Very exciting times to be a holder here IMHO!

Keep up Grand! Brewer is old news. There's a brand new board and they're industry heavyweights compared to the old lot! Exciting times ahead!

Hi Newbee. My take on this (for what it’s worth) is that presently Neo are a junior mining explorer with no mine and few assets apart from their mining license’s hence our low SP. However upon completion of the Beisa purchase they will be the 60% majority partner in an asset that is worth billions once the ore is extracted and given all the mining infrastructure is already in place and just needs recommissioning this will happen in mining terms very quickly ( first production I think is scheduled for Q4 next year) So yes their will probably be another 1bn shares on the register but instead of being valued as a junior miner with zero assets Neo will move immediately to being a miner approaching the final stages before production with a very large measured & inferred Gold / Uranium mine. So IMO at the point of transaction we should be significantly re- rated to reflect our new assets and also reflect the new shares issued but the nett affect should be positive hence the broker note from Shore Capital which has I believe a fair value price of 13p per share which is a 12 bagger from where we currently sit! But of course it goes without saying that you need to do your own research. GL

That was mine Bunsen. First time I've ever had a buy down as unknown but I can assure everyone that it was definitely a buy!

I just couldn't resist and probably shouldn't have but I have 3m free carry shares from SML so sold 1m and bought another 1m plus 5m here bringing my holding up to 10m.

Think the blood has probably rushed to my head but I just thought what the he££ and went for it! There aren't many truly life changing opportunities around and IMO this is one of them! Very much looking forward to hearing what the new board have to say and I'm sure with their massive industry experience and contacts that we are all going to benefit from this over the coming months and years! GLA

Yep another 1m for me too this morning

Just couldn't resist it! Bought another 1m of these beauties! Agree with others that once the seller or sellers have cleared this will move up nicely.

Previously invested in Solg and following a tip moved some funds into SML which is turning out to be one of my better decisions in life! Been looking for another opportunity in the mining space and picked up a tip on the SML board for NEO. This looks a really exciting prospect especially with the new board members so bought 2m shares this morning and may add more in the future. Excited to be on board! GLA

100% BP1234! Being in the jurisdiction of Ecuador Solg was a bl@@dy nightmare for a multitude of reasons whereas Redmoor in Cornwall is an absolute dream!

Tungstenman - Yes a truly staggering upside from where we currently sit! Taking the figures you’ve highlighted from the Zeus note which is today with a 30% risk applied, imagine the scenario once in production and using a tungsten price of $2,000 you get to an SP of £1.43. There is still a long way to go on this journey and clearly with funding required to get us into production there will be some dilution but nevertheless it excites the he££ out of me!!

The big difference betweeen now and Aug 2011 ( apart from the SP) are the number of shares issued. Back in early August 2011 it was circa 297m ( vs 2.81bn now) so roughly back then our MCap was around £41m vs circa £173m at today’s closing SP. So our value is just over 4x what it was back in 2011, however Zeus has a fair value SP of 14.9p which would translate into a MCap of £419m which is 10x the valuation in Aug 2011 and remember that Zeus says this is only a “ conservative valuation “ Exciting times to be a shareholder in SML!

Managed to access through Research Tree and glad I did! So much information in the note and what strikes me the most is that their 14.9p fair value is in their own words " a conservative valuation" And of course it's only valued at 15p because we are only at the MRE stage! Zeus point to a significant rerate once we get to the PFS. The upside here is simply mind blowing and I'm thanking my lucky stars that I'm invested here as I believe it's a life changing investment at the current levels!

Also worth noting that mining projects at the MRE stage can be valued at 30% of NPV which in SML ‘s case would give a valuation of approximately 12p per share. This is very much dependent on a whole host of factors such as jurisdiction, ease of ore recoverability/ processing, ore classification, debt, income ( which most junior miners don’t have but SML do via Cobra)plus many other factors. This valuation rises to 60% at the PFS stage, 80% upon construction and 100% when in production.

Note that none of these valuation measures are set in stone and can vary considerably as a project moves through the mining cycle however it does give an industry accepted method ( there are other methods) of attributing an estimated value to a mining project. For this reason I believe we will see Zeus issue a fair value note of around 12p on Redmoor/ SML. But of course II would urge everyone to do their own research! GLA

Without doubt TungstenInvestor you are the living impersonation of “Jekyll & Hyde”

Ramping one minute then Deramping the next! Truly “Machiavellian” by anyone’s definition!

Agree Bluegrass. It's like poking a bear. Why would you do that!? Just leave it alone!

John - Never a truer word said! Agree on a counts!

If there is one thing I hate it’s disingenuous posters trying to line their pockets at the expense of other good people! It truly sticks in the throat! Guess that’s what greed does to some people! Sad but true!

Brad. Your efforts are hugely appreciated by myself and I'm sure many others! Don't be put off by flippant remarks which I think are ungrateful considering the effort you have made! Thank you and please continue offering your views as I believe we can all benefit from them!