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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Neos Resources | LSE:NEOS | London | Ordinary Share | GB00B02QN409 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.415 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMNEOS
RNS Number : 9564K
Neos Resources PLC
05 August 2013
NEOS Resources plc ("NEOS" or the "Company")
Operational Update
NEOS notes the recent material rise in its share price for which the board knows no reason.
As announced on 12 April 2013 the Company has contracted to supply 500 tonnes of UCO to a global energy group and it continues to supply in to this agreement and has delivered 250 tonnes to date. The Company still expects successful completion of this contract to lead to increasing volumes. As previously stated the Company intends to pursue further sales opportunities where the opportunity is expected to yield an attractive margin and make a contribution to the Company's overhead.
The Group's financial position remains in line with previous announcements and at 30 June 2013 the Group's cash balance was approximately GBP525,000. As previously set out the Company's cash burn has been significantly reduced over the last few months
Enquiries:
NEOS Resources plc +41 22 908 1199 Nicholas Myerson - Chief Executive Officer +44 (0) 20 7220 finnCap Ltd 0500 Stuart Andrews Christopher Raggett
This information is provided by RNS
The company news service from the London Stock Exchange
END
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