Member Info for Kojak61

I'm not taking any sides, just doing the maths.

The spread beween 0.75 and 0.80 which is a difference from the bid to the ask of 0.05 which is 6.67% spread, so with a bid of 0.75 each 0.05 difference adds 6.67% to the spread.

For example some times the bid has been 0.75 and the ask 0.85 so that would be 13.3%.

If the bid was 0.70 and the ask was 0.80 at some point the spread would have been 0.10 and the spread percentage would have been 14.3%.

When Justfencing looked, maybe LSE hadn't altered the spread percentage quickly enough to match the bid/ask prices at that point.

LSE isn't super accurate, we know that for example by the way it calculates buy and sell volumes. Buys and sells aren't differentiated during trades, LSE has to guesstimate by the price of the trade quoted on the London Stock Exchange.

His company QGC provided an initial 3.5 million to set up NEO, he owns about 5% of the shares.

https://www.londonstockexchange.com/news-article/NEO/3-5-million-strategic-investment/16010291

Be careful, only use the trades as a loose guide for what's happening, it's not 100% accurate. It shows my buy of 318,000 as a sell.

I did, I added another 183,972

The article says:

"Neo’s immediate focus is on upgrading the resource base to 10 million pounds of U₃O₈ by 2025 and advancing environmental and engineering studies to secure mining rights. These steps are critical to bringing Henkries into production by the end of 2025."

This seems to indicate they are hoping to be producing by the end of 2025, AS LONG AS the criteria is met.

and

"The next two years will be decisive for Neo as it moves closer to production and seeks to establish itself as a key player in uranium and gold mining."

This doesn't necessarilly sound like they're hoping to produce in the next two years, I think by moving the word order it seems a bit clearer... "as NEO moves closer to production, the next two years will be decisive as it seeks to establish itself as a key player in uranium and gold mining"

It just means that the next two years are decisive for making it key player, whenever production starts!

That's what I think anyway. I could be wrong and the writer actually isn't sure about when, but in reality who does know. I hope they do produce sooner rather than later, but anything could happen over the next few months.