whoppy

09/12/2024 14:00

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Debt and commodity based funding.

The Company is advancing these funding discussions positively with several parties and will provide further updates on them in due course

As part of Sibanye-Stillwater's due diligence on the Company, they completed a review of our financing plans and were satisfied with what was proposed and our ability to complete the financial settlement once all conditions are satisfied

bandflex

09/12/2024 13:54

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In the meantime more funding required soon.

With the formal acquisition documentation completed on the Beisa Uranium Project, the Company can now finalise its previously announced debt and commodity-based funding. · This funding is proposed to fund the acquisition costs of both the Beisa Uranium Project, the Beisa North and Beisa South Uranium Projects and the Company's working capital costs to complete the various updates to the development studies needed to recommence mining...

bandflex

09/12/2024 13:52

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£11m dilution will not occur until completion in 12 months.

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').

bandflex

09/12/2024 13:47

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Completion will not be for another 12 months.

Settlement of the acquisition and satisfaction of all outstanding conditions, which are predominantly South Africa regulatory approvals and UK shareholder and regulatory approvals, are expected to be completed in late H2 2025

whoppy

09/12/2024 13:29

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Sibanye will take a big stake in NEO and keep a royalty on production. Great partner for NEO to have.

bukowski750

09/12/2024 13:22

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Why Sibanye offloading it ???

richie1218

09/12/2024 13:19

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well happy in the way this is panning out awesome gla

1savvyinvestor

09/12/2024 11:45

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Shhhh. Don't jinx it

fillipe

09/12/2024 11:43

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Coming up nicely this morn'.

f

rw16

07/12/2024 19:31

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5p on funding is what I’m thinking. A lot of small caps bagging recently and I think NEO is next.

1savvyinvestor

06/12/2024 14:35

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Because it is hugely undervalued

allstars001

06/12/2024 13:48

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News imminent. Probably Monday or Tuesday. Acquisition announcement with funding news following.

bscuit

06/12/2024 13:46

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Well, up 21%. Why?

rw16

03/12/2024 14:35

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Jason says news before Xmas 🚀

1savvyinvestor

29/11/2024 10:21

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Why set them as an either or?!! Both worth looking at

m_night10

28/11/2024 08:21

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MARU is copper, manganese, lithium and rare earths. Close to generating big revenues.

Much more advanced than NEO,much lower mcap and greater uplift trajectory.

m_night10

28/11/2024 08:19

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MARU well worth a look in the 4p level, once it goes back to 12p that's a 200% return

rw16

24/11/2024 06:44

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Think we might get news next week…

letsgo5

19/11/2024 15:39

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Non dilutive as well

letsgo5

19/11/2024 15:38

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First 25m funding news it's being done in tranches

letsgo5

19/11/2024 15:02

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100m funding news close

rw16

17/11/2024 14:57

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I’d love 0.8 to come, I’ve got a £25k top up waiting if it does…