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Agree . Look what people should be focussed on is that this company is now going to properly profitable . If there is £10 million coming in From DRC airports in 12 months I would be surprised if costs are much more than £5 - £7 million. WSG to my knowledge have never been properly profitable and being so will be a game changer as to how they are viewed . So by all means carry on your negativity about Fowler but watch others profit from the turn around.
I'm guessing that 4 million trade was a sale. I reckon it got worked through with the buys coming in.
One has to choose the right moment to invest. It looks like they are getting things right now. Not promising £1 but there is genuine promise here of sp recovery. Crucially the contract was signed publicly and is in US dollars . No back room deals. I know that representatives of UK Export Finance were at the signing. Government backing always takes time but looks like it could be on the table. The company has managed finances well recently with £.85 million in the bank and so it can start the process of getting the infrastructure in place right away.
Back on topic . Yes - the news was excellent and the future looks very positive. The clincher for me is that all fees paid come from the airlines straight to Wsg bottom line . So they won’t be hanging on for payments from some drc bank . Add in the possibility of cargo charging and domestic flights the £10 million per annum looks conservative.
Another libellous post .
Note to misty;
I have reported your message to Peter Fowler. "Peter is a liar and this will end in tears but you can still make money on the way."
Disgraceful thing to say and I suspect you will regret putting it in print.
Just no interest in NEO at the moment. literally nobody interested and a few people bailing at record lows.
Aiming High; Some sort of personality disorder ? Last post said; "For my sins I’ve added post the RNS and am (already) massively overexposed. But after being wrong for a decade I’m also hopeful." And now you are de-ramping. do you need a shrink?
I'm pretty sure that 4p is nailed on tomorrow. bed wetters sold today with the retrace. News is so close.
Brilliant
I do not understand this weakness. All major shareholders topping above current price . My only explanation is people locking in losses before end of tax year.
Correct me if I'm wrong. Most of the investment was at 0.75% - over £4 million. The seed investors at 0.2267 ( same people ) was first £367K. So spinning this is if all original investors are sitting on massive profit is not correct.
From prospectus ; A subscription and placing will occur in several rounds: at an effective price of 0.2267p per share for the first round of subscriptions, at 0.75p per share for the second round of subscriptions and at 1.25p for the placing. Completion of the placing is conditional only on admission, and irrevocable commitments, conditional upon admission, have been received for an aggregate of approximately £4.9m (gross of expenses), comprising subscription (first round) commitments of £367,500; subscription (second round) commitments of £4,328,625; and placing commitments of £161,500. Of the total net subscription and placing commitments of approximately £4.4m, approximately £1.3m will be allocated to the Company upon re-admission, and the remainder (being approximately £3.1m) shall be paid, and a corresponding amount of shares issued, within 13 months of the date of this Prospectus. For the avoidance of doubt, the acquisition and re- admission contemplated by this Prospectus will not occur in the absence of the placing contemplated by this Prospectus.
Seems NEO have a lot of work to do to get investors interested- pretty decent RNS today and four trades!
How about understanding what is being talked about here!? The only new bit is the warrants at 10p; keep up! No SP crash!
They are at the conference. Might spark interest https://twitter.com/NeoEnergyMetals/status/1754444575056277936
Interesting trade at .75. Did the few buys trigger a sale or was it a substantial buy?
Too many holders willing to dump at the moment to make a serious advance
Mr Brewer,
I would be interested in seeing the https://neoenergymetals.com/investors.html investor page updated on your website . Today's RNS seems to be something that was already factored in but also makes mention of new funds. I'm slightly unsure as to where shares are held and in what quantity. Please update the information on your website!!
Simply not true. If you read the RNS it States Financials up to 31st December and then reported on 31st March 2024. The delay kicks in after that, so nothing being hidden
Buy!! Is that convincing enough!!?