Member Info for richie1132

Go back to sleep Buk - we will probably have to wait for the final results at the end of June to find out how much "dosh" we have or have not imo...

gla

Sorry the link on the previous post has not worked, below is an extract from the article so that you get the drift..

"Demand for copper, needed for the transition to a low-carbon world, will outstrip supply within the next decade, according to the global energy watchdog.

Supplies of the metal, a key component of every form of electrical energy system at present, will fall 30% short of the amount required by 2035 if nothing is done, analysis by the International Energy Agency predicts"

https://www.msn.com/en-gb/money/other/demand-for-copper-to-dramatically-outstrip-supply-within-decade/ar-aa1***ny?ocid=winp2fptaskbarhover&cvid=4f42ffd605c44e0ae41c6c5d4326bf48&ei=17

I have no doubt that NEO will get a share price rerate - We will just have to wait and see if the SP will be above or below what it was when NEO were suspended 0.68p .. I have a feeling that it may be a tad higher.

gla

Welcome to Mr. Theo Botoulas our new Chief Executive Officer ('CEO') and Executive Director of the Board.

Looks like things are moving apace now gla.

So basically Sibanye-Stillwater will become the Company's largest shareholder with up to an approximate 40% shareholding and they are using this sale to NEO as a way of gaining a share of future predicted price appreciation of Uranium and the profits distribution through Dividends as set out bellow,

meaning 40% off the shares in NEO will be held long term by SS imo.

"On settlement of the acquisition of the 100% interest in the Beisa Uranium Project, which is expected to occur in H2 2025, the Company will pay a cash fee of ZAR250,000,000 (approx. £11 million) and issue loan notes valued at ZAR250,000,000 ('Loan Notes') under a loan note instrument ('Loan Note Instrument').

· Under the Option Agreement, the Loan Notes will be transferred from Sibanye-Stillwater to the Company, following exercise of the option by either party and the issue of 995,454,544 new ordinary shares to Sibanye-Stillwater at an issue price of 1.10 pence per share. Exercise of the option and issuance of these new ordinary shares is conditional upon obtaining a Rule 9 Waiver, admission to the Financial Conduct Authority's Official and the publication of a prospectus by the Company

· The Loan Note Instrument will remain as an inter-company debt between the Company and South African subsidiary, Neo Uranium Resources Beisa Mine (Pty) Limited and allow the efficient distribution of future profits from the Beisa Uranium Project through to the Company and its shareholders"

A company who want to buy their own shares back have to apply to the FCA and seek permission to do so and the FCA would not allow the company to buyback shares if it was to lead to financial stress ...

gla

Neo Energy Secures Key Approvals for Beisa Uranium Project Acquisition.

Neo Energy Metals plc has received key regulatory approvals from the South African Reserve Bank for its acquisition of the Beisa Uranium Project from Sibanye-Stillwater Limited. This approval includes a ZAR 1.2 billion shareholder loan facility for working capital, facilitating the inflow of funds into South Africa. The transaction will see Sibanye-Stillwater become the largest shareholder in Neo Energy, holding approximately 40% of the company. The acquisition includes significant uranium and gold resources and is expected to complete in the second half of 2025, marking a significant step in Neo Energy’s strategic development plans.

Neo Energy Metals plc is a uranium developer and mining company listed on the London Stock Exchange. The company focuses on strengthening its uranium portfolio through acquisitions in South Africa, including the Beisa North and South Uranium and Gold Projects and the Beatrix 4 mine. Neo Energy also holds a significant stake in the Henkries Uranium Project, aiming for accelerated development and production to generate cash flow while planning for long-term growth in Africa’s uranium district.

HTtps://www.azernews.az/region/241705.html

Google order three new nuclear power plants for its data centres.

13 May 2025

Thanks for sharing those links MM - everything you need to know about Marula mining in one place.

fantastic work by whomever put it all together.

gla

Capt_kurt I do hope that when you sell in the next week or so that you know that you will have to pay a considerable premium to what you sold at to get back in, and all the de ramping you can muster will not help you either...

gla

Buk you do not need to comment on this thread on your so called "learnings" - just write notes "in a note book" like everyone else. it's not hard !!

gla

Why don't you just Buk off Buko wee laddie ....

Very informative Q& A by JB the company moving to production and revenue generation in ultra quick time ....

Quite a lot of drilling scheduled as well - nice ...

Drill baby Drill !!!

gla

I think we will need a GM before we see any meaningful progress, I'm thinking full year results by end of June, then the GM and then relist sometime in Q3, first production by year end, I've added a few comments that the company made regarding the acquisition and we are running late on the GM imo because our results are going to be late gla.

"The acquisition is conditional upon, amongst other things, a Rule 9 Waiver being obtained in accordance with the City Code on Takeovers and Mergers and shareholder approval at a forthcoming general meeting ("General Meeting") of the Company.

· The Company continues to work with its advisors and lawyers in preparing the documentation for this, and a General Meeting is scheduled to be held in Q1 2025

· Sibanye-Stillwater and the Company will also continue to work together in seeking all the necessary regulatory approvals and transfers of permits and authorisations in South Africa and anticipates that these will be obtained in H2 2025"

Don't tell him Pike/Andii dohhhh

gla

Ok thanks for the reply.

Andii - Do you think that MARU would ever off load Blesberg?

I was just wondering why MARU would go for another Lithium project when they have imo a very large project already. and one of the reasons I thought of is that they were going to off load Blesberg.

And it doesn't help that JB has posted that the Chinese have just made a takeover bid for a Tin miner. I find that when JB post some random information about something it sometimes leads to news relating to MARU. anyway just a thought.

gla

That was 27k ish shares not £ just in case you were wondering lol

gla

Imo the RNS is nothing we did not already know - but I've still had a small top up though 27k ish probably my last top up as I have quite a few shares now lol

gla