Very funny . Not |
Sibanye-Stillwater / DRDGoldNot an exact carbon copy of Neo, but certainly echoes the DRDGold deal Sibanye-Stillwater conducted back in 2018. "What's clear so far, however, is that their tie-up has worked a treat. Since taking on Sibanye-Stillwater as a shareholder in 2018, DRDGold has been the JSE's top-performing gold producer, gaining more than 600%." https://www.miningmx.com/news/gold/53544-how-drdgold-could-become-sibanye-stillwaters-most-precious-asset/ https://www.mining.com/sibanye-stillwater-becomes-drdgolds-majority-owner/ https://www.mining.com/drdgold-okays-sibanye-stillwater-110-million-assets-exchange-deal/ |
JB on funding: "Further updates will be provided this month." https://x.com/JB_MiningAfrica/status/1866490001174708349 |
Completely senseless . Top up time |
On a bit of a slippery slope at the moment...regrettably.
f |
Looks like some sold here to buy MARU where JB is CEO.
News vacuum for NEO while near term revenue news for MARU ? |
4 trades all day on that trash |
Umr, another brewer company goes totally unnoticed. Had an rns today basically looks like a deal being done by 31st December if I'm not mistaken,prospectus due by 31st December and loan notes being converted at 10p,current price 7.5p.dyor |
JB - "This is the Beatrix 4 Shaft Complex, associated processing plant and mine infrastructure.
This is what Neo Energy Metals acquired today along with 27Mlbs of uranium and 1.2Mozs of gold resources.
These are transformational assets." |
Lewis U said to Jb earlier the market didn't like the Neo newsYou prob sold on the news then bought back pretending to buy moreI know your game Lewis |
Bought more today on that dip, should bounce back this week, no brainer. |
What a dog |
 A bit of clarification from JB over on the LSE thread.
As always I hear the discussions on 'dilution'
Assets and resources being acquired from GBP22M - 50/50 cash and shares
Fixed assets - plant and shaft and mine infrastructure alone worth almost GBP100M and thats heavily discounted
Licenses and authorisations - what value can you put on that - it woudl take over 2 years to secure them and at a significant costs
Resources - measure and indicated resources of 27Mlbs of uranium and 1.2 moss of gold - current in situ of +US$5 billion
Gold resources already Developed - 300,000ozs ready to mine following historic development already completed to these stopes
Strategic Infrastructure - unlocks Beisa North and Beisa South and now 117Mlbs of uranium and 5.4Mozs of gold across 25km of strike length
So issuing 995 million shares - GBP10.95M to secure all of this value - is this really dilution - is shareholder value being increased or reduced - you can guess my thoughts on this.
Thanks to all that have supported through your investment |
It is Loan Notes not share issue. Treated as loan initially with options to convert. |
Yeah they still need the shares these shares need to be created and added to the register and is dilution MMS will take a few weeks to adjust |
Those shares are not hitting the market. Sibanye is a strategic NEO partner/shareholder. Through NEO, they now have ownership of Beisa North and South aswell as Beisa Central. |
Will now need to again wait More shares need to be added here and regardless of whether silbanye hold they need to be added and the mms have to adjust. May be a few weeks for consolidation |
The asset is worth more. |
Not with 1bn shares coming at 1.1p |
This should break 2p in the coming days. |
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
Hot Features
Premium
