Member Info for justfencing

Was kind of expecting an RNS today saying we relisted -

Can’t be far off now surely!

This is what’s keeping me excited here

Details of the Acquisition Neo Energy Metals has entered into conditional agreements to acquire the Beisa North, Beisa South, and Beatrix 4 mine projects in South Africa, which contain substantial gold and uranium resources. Resource Base: The total combined resource base across their projects comprises an estimated 117 million pounds of uranium (\(\text{U}_{3}\text{O}_{8}\)) and over 5 million ounces of gold.Estimated Value: Based on current market prices for gold and uranium, the estimated in-situ value of these resources is well over $20 billion. One report placed the intrinsic in-situ value of the Beisa project alone at approximately £17.69 billion (over $20 billion USD).Acquisition Cost: The company is spending about $21 million to acquire the two Beisa projects, a figure which is the transaction cost, not the asset's total resource value.Regulatory Approval: The final acquisition is subject to regulatory approval from South Africa's Department of Mineral Resources and Energy (DMRE), which is currently pending. The company anticipates completing the Beisa Mine acquisition in Q1 2026

The company did not cite any disagreement or specific conflict as the reason for his departure. Instead, his resignation was part of a planned corporate restructuring strategy.

Hope it comes out quicker than an RNS

We Hope you enjoy your new roll at NEO ENERGY and bring us all immense riches—no pressure!

I’m sure it’s all happening

Yes very frustrating.

On way soon

🤷🏻‍♂️

But .. if this realists and opens up higher than… a 2 - then they will have played a blinder - time will tell - we are a small company sitting on a huge asset that is actually moving forward in a very positive way imho

Whether the expiration of 275 million warrants is good or bad for Neo Energy shareholders is a matter of interpretation based on different financial perspectives.

Positive Interpretation (Good for current shareholders): The expiration of these warrants means that those potential shares will not be issued. This prevents the dilution of the existing shareholders' ownership stake in the company. With fewer shares potentially entering the market, the value of each current share could theoretically be better maintained or increased.

Negative Interpretation (Potentially bad from a different perspective): The company missed an opportunity to raise capital. Had the warrant holders exercised their right to purchase shares at 2p each, Neo Energy would have received a significant influx of cash (approximately £5.5 million). This capital could have been used to fund operations, development projects, or other strategic initiatives. The fact that the exercise price of 2p was likely above the market share price (making the warrants "out-of-the-money") suggests a missed financing opportunity at that price point.

In summary, the news is good for shareholders concerned about immediate dilution but potentially bad in terms of missed capital injection for the company's future growth and operations

Perhaps that’s why we haven’t listed

Perhaps Neo didn’t want to give away that many shares at that price eh!

Beyond I’m sure it’s not too far away now - I’m looking forward to seeing us trading again

Reading this has helped

Sibanye-Stillwater holds significant uranium resources in South Africa but has transitioned its strategy to unlock value through partnerships and divestments rather than developing the projects alone. The company is not a current primary producer of uranium but retains exposure to the market through its investments.

Key points regarding Sibanye-Stillwater's uranium strategy:

Resource Base: Sibanye-Stillwater's South African operations, primarily its Cooke and Beatrix gold mines, contain substantial uranium resources, estimated at around 59.2 million pounds (Mlbs) in total. The uranium is a byproduct of historical and current gold mining operations.

Strategic Shift: In late 2024, Sibanye-Stillwater sold its Beatrix 4 shaft and the associated Beisa uranium project to Neo Energy Metals Plc in exchange for cash and a direct shareholding in Neo Energy. This move allows the Beisa project to be developed without straining Sibanye-Stillwater's balance sheet, while still providing the company exposure to the future uranium price and project development.

Future Development: The Beisa project is now being advanced by Neo Energy, which plans to update development studies with the goal of targeting annual production of 1-3 Mlbs of uranium and up to 100,000 ounces of gold.

Cooke Project: Sibanye-Stillwater is also exploring the potential to develop the Cooke Uranium Project, which involves processing tailings (waste material) from its existing Cooke operations to extract residual uranium and gold. A feasibility study for this project was planned for 2025.

Partnership: Sibanye-Stillwater has a memorandum of understanding (MOU) with C5 Capital, a specialist global investment firm focusing on nuclear energy, to explore future opportunities in the highly attractive uranium and clean energy sectors.

In summary, Sibanye-Stillwater is leveraging its substantial uranium assets through strategic transactions and partnerships to realize value without significant capital expenditure, aligning with the positive long-term outlook for the uranium market. You can find more information on the company's official website Sibanye-Stillwater.

Try buying at £8 see how you feel then .

Frogman - make a call ask some questions

Face facts retirguy

Tesco is not the same business model as Ocado -

Tesco = supermarket

Ocado = grocery and technology company that operates as the world's largest dedicated online supermarket in the UK (Ocado Retail) through a joint venture with M&S. The company is also a technology provider that licenses its proprietary Ocado Smart Platform (OSP) to other grocery retailers globally. Ocado is known for its innovative approach to online grocery, which includes a massive selection of products, automated warehouses, and advanced technology like robotics and AI.

Sooo not really comparable eh!

Mcfirth - I think it’s probably best as you say not to expect much before Jan

Looking like it’s heading north again

I have done as much ranting to management about lack of information coming our way - I’m not exactly diplomatic in my approach when speaking with the company so I’m holding back from adding to managements stress levels - perhaps give Jason a call and ask directly- he will take a call if you are concerned about progress, I’m not going to let myself get wound up until after Christmas- Jason did say that South Africa was practically shut for Christmas so I do understand this will slow us down somewhat- GLA .. I’m sure it’s going to happen at some point relatively soon.