Member Info for Stix01

where has the 2 day deadline come from?

the suspension can be lifted once the issue is resolved. in the uk, if the suspension lasts for six months or more, the company must discuss cancellation or a further suspension period with the fca

we where suspended 3rd february

so we still have a few weeks to either sort the issue / request an extension or delist

i highly doubt the board members who’ve taken shares instead of payment for work completed would want to see a delisting

and what would be the point in registering new shares to complete the latest acquisitions if they where to delist surely that would be a deal breaker for these companies who’ve been given huge amounts of shares as part payment.

i have some doubts but remain positive that this will come good, whilst some negatives and being annoyed with the lack of transparency regarding this accounting issue and constantly missing deadlines.

is it a smoke screen to keep us suspended while they progress with regulator approval and get other issues in order.

i’ve previously asked has jb has gone quiet due to the fact sibanye stillwater have a big say in how the company now runs with having huge % of company and board members in place.

they may have put a muzzle on him ramping and shouting from the roof tops as that isn’t how large companies operate.

with all jb companies now hiring multiple people in advanced rolls maybe he will have time to finally pull his finger out his a**rse and get neo moving full steam ahead. if he hasn’t got the time then move aside for someone who can.

funding shouldn’t be an issue either as the experts are explaining uranium is in unique position and the summary below of some important information should allow neo to move on from the promise of *****on van der burgh funding the person might be supposedly wealthy but he’s been struggling to rub 2 penny’s together for a long time and the promise of funding from him goes back a long time and it’s all gone very quiet with no progress made.

“uranium has developed a term market and allows contracts for designated prices and fixed prices overtime this is critically important because if an oil well is drilled today their is no way of knowing what oil price would sell for in five years from now but with uranium you can contract with an investment counterparty and know how much uranium and the sell price it goes for which allows the company to take this contract as collateral to the bank which lowers cost of both equity and increases the asset in which helps securities analysis future forecast and future cash flows which increase the share prices and reduce the volatility commodity complex ultimately would suspect because of the emergence of the market that uranium prices relative to underlying cash flow flows are the highest commodities business from now this is a circumstance which isn’t recognised by the market at all is extremely important

My feeling is that If the Russian side of the business goes up for auction and is lost then the plc and uk government should compensate all those who are affected.

The PLC surly has huge amounts of cash sitting in the bank from sales that they continue to make and Evraz NA which has been running separately from the plc should also have huge amounts cash stockpiled,

this was from in 2022

“EVRAZ North America (“ENA” or the “Company”) is a leading, vertically-integrated producer of engineered steel products for the North American rail, energy, industrial and construction markets. ENA has steelmaking capacity of 2.3 million tons and finished steel (including tubular products) capacity of 3.5 million tons, and operates 2 EAF-based steel facilities, 4 rolling mills and 8 tubular mills, and 17 scrap recycling facilities. ENA is constructing a state of the art, 320’ greenfield rail facility which will replace existing rail mill; project expected to be completed by 2023. Having strong financial results (2021 sales of $2.4 billion and Adjusted EBITDA of $320 million), ENA can provide stable income and cash flow to its new investor.

In 2022, EVRAZ plc did not receive and does not plan to receive any income from the activities of ENA

So the last 3 years they have been stockpiling Cash.

I would be wanting compensation from the uk government also because they blocked the sale of Raspadskaya preventing share holders getting a special dividend from its sale which under the Russian asset strip would also be lost with nothing to show for it.

However I do understand evraz still owe a huge amount of money in Eurobonds and US notes that are still outstanding.

So what Russia are doing could quite simply be copied from those companies wanting their money back and could we see the non Russian assets torn apart in a similar fashion.

The suspension of evraz was supposed to protect shareholders I can’t see any way how the uk government and fca has managed to achieve this.

I remain positive and Yes I think it will relist, but I am unsure as to when weeks/months who knows

It’s hard to say because when neo says it will take a week it actually takes several.

where the accountants they previously used ridiculously incompetent?

I did not expect them to take this long

We are still waiting on the valuation reports which was due to be completed end of Q1.

Then should come funding

Hopefully no more dilution as previously promised as the broker target will not be achieved

I like many don’t like the silence since the suspension and the lack of clarification but then I do understand the company is not being run in the same way as it was before.

Sibanye-Stillwater had options to install board members and Could they have had a big say and pushed for the appointment of the new CEO

they hold a sizeable proportion of the company and hold a vested interest even the most recent news articles mentioning uranium - they don’t talk about Neo they talk about Sibanye-Stillwater so my feeling is they have told board members to act more professional and inline with their standards.

I am hoping we are not that far off and by appointing a new CEO they will be solely focused on developing Neo.

Which unlike JB has numerous amounts of side hustles.

It is no surprise that the Evraz board once again say they are Unable to publish financial results due to being unable to appoint an auditor to verify them.

Even if by a miracle we did come out of sanctions it would take an estimated further 12-18months to lift the suspension.

The auditors have a few years worth of receipts and invoices to work through.

Will the accounts be accurate and look favourably??

if the big money executives that are put in charge of other businesses are allegedly able to manipulate a cyprian yacht company finances and avoid bills then manipulating unaudited accounts wouldn’t be that hard either.

Why say dilution is moot??

If they are adding to complete the transactions and takeover then I stand corrected and apologise for my mistake.

But I thought that shares had already previously been added earlier in the year for that.

The constant adding of shares to market that is not linked to a transaction for extra assets are a dilution.

The market study of 23p per share was based on the amount of shares in circulation at that time when they announced the acquisition of beisa now there has been a huge amount added it would be interesting to see what the new re rate would look like

The Yesterday rns:

Application has been made for the 381,466,667 Ordinary Shares to be admitted to trading to be admitted to trading on the Main Market of the London Stock Exchange on or around 22 May 2025 ("Admission") and will rank pari passu with the ordinary shares of the Company in issue.

Total Voting Rights

Following Admission, the Company's issued share capital will comprise 2,029,136,002

Today rns:

Application has been made for the 179,977,808 Ordinary Shares to be admitted to trading to be admitted to trading on the Main Market of the London Stock Exchange on or around 22 May 2025 ("Admission") and will rank pari passu with the ordinary shares of the Company in issue.

Total Voting Rights

Following Admission, the Company's issued share capital will comprise 2,173,113,810 ordinary shares

Am I reading the rns correctly.

Have a few questions and thinking out loud.

That they are adding extra shares to the stock market?

They have disclosed on numerous times there will be no dilution to investors.

I understand adding shares as part of acquisitions as that adds value to holders due to the value of assets they acquire.

If they are adding it due to needing a cash injection then what also happened to their claim they can easily use gold and uranium to get down payments.

Does this also effect the 40% ownership of

Sibanye Stillwater or are these additions of shares part of that transaction but it makes no mention that it is like previous completed share allocation deals

I am of the hope we get some news soon.

we got suspended beginning feb so nearly 3 months ago.

The valuation reports on all assets was due for completion at end of Q1 And we only a few weeks away from end of Q2. If they can’t publish the full report at least give us a brief summary.

I am sure it will all be worth the Waite but it’s frustrating considering how loud and regular that Mr JB was shouting from the roof tops to now absolute silence.

We shouldn’t be that far away from end of suspension and when we resume hopefully sooner rather than later what are all expecting the SP to be??

At some point in next few days it would be great if the board updated us on whether the valuation reports have been completed.

Although I’m not expecting them to post the reports in detail as I’m sure they’ll want to go through them in depth before they do but I would still like confirmation wether they’ve been completed for us all to have an idea where at as per their RNS stating they would before Q1.

Whilst I’m optimistic It always seems to go extremely quiet on their side when deadlines are due and they miss them

Was reading this in the telegraph earlier today but not sure how accurate it is but is still and interesting read as it states sanctions could expire in July if one eu member votes against the asset freeze

Part of it is below

“Europe’s sanctions regime is near to disintegration as well. Hungary and Slovakia have both said they will not vote for a roll over of existing curbs, which means that sanctions will automatically expire in July, and so will control over €200bn (£170bn) of Russian central bank holdings in Europe.

“If even one EU member state votes against the asset freeze, the freeze will lapse. The Central Bank of Russia can then immediately withdraw its deposit from Euroclear,” said Anton Moiseienko and Yuliya Ziskina, from the Royal United Services Institute.”

Only a month in of the suspension but the company are not sitting idle they doing much work so when we are out should be great news and hopefully we all see the Jump in SP we have been expecting.

As per the rns we are only a few weeks away from the valuation reports getting completed which will be a huge step in the right direction.

“valuation reports will be completed in Q1 2025, with the key findings and results then released to the Company's shareholders and available on the Company's website

· The engineering and design work for the re-commencement of uranium and gold mining activities at the Beisa Uranium and Gold Project is being completed in parallel with these valuation reports

· The Company anticipates that it will release the operating and financial results from its development plan for the Beatrix Uranium and Gold Project later in 2025”

All we need is patience in the meantime gl all

Whilst I agree Ukraine doesn’t have to accept any peace deal, I believe it would be difficult for them no to.

Without the cash and weapons coming from the US it effectively cuts the supply in half and they struggling as it is.

Europe are trying to play hard ball but realistically they are also have to understand they can’t up their defence spending whilst also sending billions of pounds worth of weapons and aid home economies are suffering and if their is a way out all will take it and Ukraine will have no option but to accept.

I’m in at evraz and that has been suspended because of sanctions since the Ukraine war started I hope that this comes out in a few months.

Maruala his other company has had suspensions for delayed financial audits and he kept saying it be back for weeks and weeks but had delay after delay.

I can see this being different and only a formality he won’t want to upset the big partners of Sibanye-Stillwater and put all the work they’ve already done in jeopardy and being their majority holder surely would of had a say on the process.

While I see it mentions shares will be suspended in the rns there is no actual confirmation of the suspension in the form of an additional RNS. In the past when I have had suspended stocks their has been an rns to stipulate the reasons for the suspension and if people are trading I can’t see their being a suspension in place.

While Suspensions can be short term they can last years too.

On the plus side if it does get suspended by the time the company gets the funding and sign offs we should resume with a bang and won’t have the stress of seeing the sp yo-yo but hopefully return to huge the gains.

Thankyou for the video link

I am surprised the company did not do their homework prior to the announcement as this had been rumoured for a few months since Russia first threatened jsc’s. They should have had the details ready once this dropped.

Now Russia has a jsc on Evraz what counter measures do the us and uk make.

Evraz NA is still not sold so do they tear the company to pieces and make the same play as Russia so the parts that are accessible and not in Russia are offset against the jsc losses

Even though the uk has put an illegal suspension on Evraz I did think it was temporary and would eventually be lifted on peace but on initial reading once done, This move by Russia looks irreversible.

This short sighted move by Russia must surely put them at a long term loss as many companies will not invest even long after peace is made.

I am not sure what news we are expecting

regulatory approvals for the acquisitions will take months and are forecast to come in staggered from Q2, Q3 and Q4 of 2025 and I seen in updates through RNS’s and media posts JB made that funding will be announced when the approvals come through.

It may be a stupid question but What does van der burgh have with neo?

I know he is a non executive director but Does he have an exclusivity agreement on funding with Neo?

I ask because if he can’t get the funding sorted which he’s clearly having trouble with as it’s taking an absolute ice age to sort, what about the several other funding sources that they’ve mentioned numerous times.

And if he is a director who’s role is to sort out funding then would it not be wise to replace them after all he not the biggest holder.

Ime and patience is needed to see this move.

Regulatory approval is still required for all the deals, And they have used cash reserves to make it happen

The acquisition and partnership with latest deal is massive. They have accelerated possible production with the machinery and plant in latest deal and have a huge seasoned company as major shareholder with huge expertise

Here some reasons below that I picked off a website of why a SP dips temporarily with an acquisition. Not all will apply to neo but some will:

* When one company acquires another, the stock price of the acquiring company tends to dip temporarily, while the stock price of the target company tends to spike.

* The acquiring company's share price drops because it often pays a premium for the target company, or incurs debt to finance the acquisition.

* The target company's short-term share price tends to rise because the shareholders only agree to the deal if the purchase price exceeds their company's current value.

* Over the long haul, an acquisition tends to boost the acquiring company's share price

the acquiring company's stock typically falls immediately following an acquisition event. This is because the acquiring company often pays a premium for the target company, exhausting its cash reserves and/or taking on significant debt in the process. But there are many other reasons an acquiring company's stock price may fall during an acquisition, including:

* Investors believe the premium paid for the target company is too high. 

* There are problems integrating different workplace cultures.

* Regulatory issues complicate the merger timeline.

* Management power struggles hamper productivity.

* Additional debt or unforeseen expenses are incurred as a result of the purchase

Who owns who ???

I have read it and can’t work it out

Firstly it says:

Neo Uranium Resources Beisa Mine (Pty) Limited has entered into a sale and acquisition agreement ("the Transaction") with a wholly owned subsidiary of Sibanye Stillwater Limited ('Sibanye-Stillwater'), to acquire a 100% interest in the Beatrix 4 mine and shaft complex, the processing plant complex and associated infrastructure located in the Witwatersrand Basin

Then nearer the bottom:

Sibanye-Stillwater to become the Company's largest shareholder with up to an approximate 40% shareholding

· Sibanye-Stillwater to have the right to appoint an initial two representatives to the Company's Board and have the right to a pro rata right of first refusal in respect of any proposed new issuance by the Company of new shares to ensure it maintains its strategic shareholding in the Company

So my calculations to get 100% of the latest acquisition we gave away 40% of Neo.

But gain a monster player in mining with great expertise who will guide the company hopefully without further dilution.

And rein in brewers antics on media and now run more in line with how it should be run

I know it’s a long way off but would be interesting to see what other people’s thought's are that if we came out of suspension and started trading now,

what do you think the Sp would be?