RE: “JASON”13 Nov 2024 17:53
your limited experience , probably with take for ever aim junior miners, on the back of a gazillion, ever decreasing in price pump and dump bucket shop confetti placings, neo is main market and has strong financial backing, the ceo of auo quentin van de burgh, has stated they are currently arranging 500 million for the projects they are involved in, with neo leading the way for 29% and additional debt funding.
the acquisitions have been by increasingly priced shares , with a lock in, not a bucket shop that can't sell them on soon enough, a completely different animal, with more moves planned. brokers conservative 1 year target 23p , the latest one being at 1.25p with a 12 month trading restriction and lock up agreement..........
on settlement of the acquisition of the 100% interest in the beisa projects, the company will pay a cash fee of zar175,00,0000 (approx. £7,500,000) and issue new ordinary shares to the value of zar200,000,000 (approx. £8,500,000) at an issue price of 1.25 pence per share and on the basis that sunshine will not have a shareholding exceeding 29.9% in the company and they will further enter into a lock-up agreement with 12 month trading restrictions on any share sales.
those more up market funders like *****on, will be looking for a hell of a lot more than 1.25p.
most aim junior miners have a constantly growing market cap and a constantly dropping death spiral sp.
since this started neo has moved from its 52 week low of 0.35p to current rangebound pending news up/down
0.85 - 1.35p after hitting a high of 1.70. not remotely the same , neo progressing/mc/sp likewise.....all on the up.
neo energy metals plc / lse: neo, a2x: neo / market: main market of the london stock exchange
neo main market, not a wild west casino aim constantly winging it with del boy at the helm and a cfo with a bucket shop wonga with zero interest in the company on speed dial. (just their own vig from pump and dump and forward selling down asap)