Member Info for umelahi

Where is JB when you need him =(

Not about panicing just want to see positive developments even if small ones in the right direction.

The company has: combined projects total SAMREC Code compliant resource base comprises, 117 million pounds of U₃O₈ and over 5 million ounces of gold.

5m ounce gold at $2800 per ounce = $14 billion

117m pounds uranium at $70 per pound = $8 billion

total $22 billion

even if being explorer the company should be valued at 1% of this = $220m

current mcap of NEO is 10.5m

even with 0.5% of the gold and uranium value, the market cap is 1/10th of the assets

Unless they have downright lied about all the gold and uranium deposits, irrespective of what you think about JB, the company's value should atleast match what their assets are, no?

Does anyone know why does SP keep on falling ?

Who got great price?

NEO's SP really confounds me. if its true that the company is sitting on assets in situ of millions and billions, why does the SP not reflect even a quarter of the potential. share price is supposed to reflect future potential

I think the company itself has a lot going for it, its in the right sector with the right resources etc. my only concern is whether JB and BoD are really in it to make it a success for us small shareholders or like most small caps BoDs will just screw us over. Only time will tell. Marking this post for same time next year!

So why is the SP below 1.1? why is the SP not reflecting all these phenomenal assets?

sad to say but JB ended to be nothing but hot air. what were the so called floodgates to open before xmas?! i guess another week to find out. should have just sold when the SP peaked to 1.4/1.5....

IF the total value of net assets of the company (gold, uranium etc) must be worth in hundreds of millions? yes Sibnyes got the shares for peanuts but that this their premium for investing a big sum of money in the company. why is the market not taking the potential of NEO into account?

before Sibnyes if mcap of neo was 10m lets say

after Sibnyes mcap becomes 100m, even after 40% dilution its 60m so thats 6 times more than before Sibnyes. better to have a smaller portion of a bigger pie or a larger portion of a smaller pie? really does not make sense to me and JB is not helping to bring clarity. on tops still waiting to hear funding news from JB

Hi jason, you said last week "several that we are well down the path with in terms of this funding and I am realistically expecting the floodgates to open next week."

hopefully we are able to see these floodgates opening this week?

But didnt JB say that there was no dilution?

I really dont understand why SP fell today -- can someone be kind enough to explain to me?

I dont understand why do you think this is bad? new partnership coming in, new assets and new funding ? surely the mcap of neo is going to blow up? yes Sibanye-Stillwater going to get a great deal at 1.1p but then they are not going to come in at market value today right otherwise whats in it for them

Some good buys coming in

Hopefully news come in from JB soon

Not looking like 1.5 finish today...

Any news on X?

Are these 24ks buys or sells?

As in why are people selling ? i am asking the same question!