Member Info for Jontfsi

I honestly think this BOD just play everything super conservative.

Theo was talking about studying the raw data sets before extending mine life. Maybe the drill data is not thorough enough for them to be confident to be spouting these huge numbers.

The Beisa uranium project can be accessed through the Beatrix 4 shaft infrastructure. Beatrix 4, which is located in SA’s Free State province, was put on care and maintenance last year due to declining gold reserves and a depressed uranium price. Beatrix 4’s SAMREC-compliant measured and indicated resources are 1.2Moz of gold and 26.9Mlbs of uranium.

Spot uranium prices peaked at over $100/lb in January 2024 from around $24/lb in January 2020 and were about $77/lb at end-November, according to uranium producer Cameco.

For Neo Energy, the deal enables it to consolidate the Beatrix 4 Beisa resource with two adjacent uranium projects, Beisa North and South, which it acquired earlier this year from Sunshine Mineral Reserve. Combining all the resources across the Beisa reef gives Neo Energy over 117Mlbs of uranium and 5.4Moz of gold resources.

Anyone know why the company are not discussing the 117mlbd uranium and 5.4moz gold? Presumably this is what Theo is talking about when mentioning a 70 year mine life. Most other companies would be shouting these numbers from the rooftops.

I could be wrong but I believe the acquisition progress announcement due in the next 2 weeks will be a catalyst to take the SP past the 1.5p mark 🚀

A little bit of common sense needed here. This co doesn’t release any RNS’s they don’t need to. The fact that they gave a Molly update meant the full results were not due to be released within a couple of weeks. The update was meant to appease the shareholders that like to moan about delays whilst they wait for results

It appears the ones that like to moan have missed the point of the last update entirely

On the plus side this has allowed me to pick up another 532k shares at 1.475p, a buy price I didn’t expect to see again.

Thanks wingebags 👏

Non executive director

Gives confidence 👍

Also they were keen to point out that Henkries was only drilled out on 10% of the ore body.

Henkries could end up being 10x the size of the current resource

Ghost61 these numbers are massively conservative. Once in production with real world gold prices the cost to produce the uranium will be a negative number thanks to the gold credits.

Gold is not $3200 and won’t be ever again

They are being conservative with the gold price which is good practice. They also mentioned it could be more than 52koz a year right from the go depending on recovery rates etc.

This is how a good company should behave. Under promise and over deliver

They are massively underplaying their hand with the gold. Using conservative gold prices when we all know gold is going higher in the near future.

This is basically a Gold play with uranium as a by product.

Uranium prices are forecast to go to the moon in the near term as demand outstrips supply.

The board know they have the perfect asset here and have bought at the perfect time.

I’m in big time here

Any sizeable buying just encourages the seller. The SP is going nowhere significant until the seller is out, once the selling stops we could see a huge spike. This is very much under the radar atm and will be a golden goose in the near future

The volume here is relentless. Those big sells are getting soaked up no problem at all, with a rising SP to boot.

When the big seller is out there will be fireworks

Last info I read it was $8m and they become 30 to 40% shareholders in NEO

All perfectly normal for an exploration company Limp.

Embarrassing yourself on a daily basis is not going to help you get past what McMaster put you through.

Investing in JAN might help you recover some of your losses and heal those old wounds.

Is that all you have left to moan about Limp?

47k of shares? I’ve bought more than that in one go. You get more desperate by the day.

Somehow you need to get past this McMaster having your pants down thing.

Ironically this puts the company in a superb position moving forward. As bitter as I am about the lies, I bought more yesterday.

I can see this doing well short term as well as long term.

Debt can come with crippling restrictions for mining companies so this may have been the better option.

Loving the potential here and believe in a $3bn Mcap in a few short years.

I don’t believe for a minute in production starting in 6-9 months though. Lies were told about funding and I’m pretty sure people are being mugged about timeframes too. Things take forever in mining. I was dubious about the timeframes before today’s announcement and even more-so now.

GAL will do very well over the next few years but production this year not in my book.

Good luck all holders. I’m still in and will buy more but don’t expect multi bags this year. Time will tell and I hope I’m wrong.

It should smash straight through 30p this morning.

Closed at equivalent of 32p on TSX

I hear what you’re saying mcfirth.

This has to be the most exciting share I’m aware of right now and when the brakes come off it will gather momentum rapidly.

EUA and GGP style.

I’ve sunk a LOT into this now. Almost 4x my annual salary and have no concerns now since the board changes.

Small caps are usually priced on potential and that’s not happened here for various reasons including the big seller.

There will be bags made when the initial rerate happens and the longer term holders will be rewarded for their patience as any gold/uranium producer will do very well over the next few years.

Good luck all holders 👍

25k 22k 24k sells

There has definitely been some big sells today.

Once they stop this will go nuts.

Mario talking of increasing production to 200koz in time.

Goldies are printing cash right now and once in production the money will be pouring in. The cost to increase production to 200koz will be peanuts compared to revenue and profit.