RE: On the fence - Read the website16 Sep 2024 16:00
It's never ever about sp or shares in issue, that's for here today and gone next hour, traders , skimmers and scalpers, the real deal is ALWAYS MC, new assets worth multiple $Billions and here Neo sits at £17m.......nuff said.
Shares in Issue 1.40b
Market Capitalisation £17.11m
Achievable Market Cap, divided by shares in issue = potential sp
Now on the back of the acquisitions, do you think Neo warrants a MC of £50-£100m , £250m+ the brokers note is 20p
and more upside to come, BN's normally conservative in nature.
eg, when rkh struck Sealion in the Falklands, it had moved from 5p to 25p, when I clenched butt cheeks and got in, the brokers notes ranged 89p - £1.25p, discovery announced and it kissed £5.72p, as said BN's usually very conservative and why when take over offers come in, usually multiples of the current MC on the share at the time. The minnow having done all the donkey work, Majors step in and take on the cheap, still transformational to the minnow but petty cash to them, eg cove sitting at 18-22p bouncing after discovery, Shell came in at 80p, lost to the Thailand NOC for £1.25 a share
Market will catch on soon enough, when the asset worth $billions, is made OFFICIAL, market never does, it might happen or could happen in the future, digs its head in the sand until DONE/CONFIRMED/HAPPENED.........
GLALTH's