Neo Energy Metals Share Discussion Threads

[tomboyb] 26/8/2024 19:27

World’s largest uranium producer slashes production target
Move by Kazakh mining company Kazatomprom threatens to squeeze supplies of the radioactive fuel


Kazatomprom, the world’s largest uranium producer, has slashed its production target for 2025 due to project delays and sulphuric acid shortages, threatening to squeeze supplies of the radioactive fuel vital for nuclear power.

The Kazakh company, which generates a fifth of global uranium supply, cut its target for next year by 17 per cent to a range of 25,000 to 26,500 tonnes of yellowcake. 

The move is likely to put upward pressure on uranium prices, which have softened from a 16-year high above $100 per lb this year but remain at historically elevated levels above $80 per lb, according to UxC, a pricing data provider.

[tomboyb] 26/8/2024 19:25

Come now Pwhite come now -

I've a decent wedge here -

Look geopolitically and you can see the trend -

[robwalsh25] 26/8/2024 19:23

2.5p tomorrow

[pwhite73] 26/8/2024 18:53

ddonaldson2 - RNS 06/06/2024 gives a capital expenditure plan with pay back in 2.9 years time.

The RNS also states - "Discussions are continuing with various parties, including the Company's major shareholder, in connection with planned uranium offtake arrangements and the mines' development timetable and financing options."

None of this money has materialised. Shuka Minerals is still waiting for its £500k from AUO to stave off administration (RNS 20/08/2024)

On Friday Marula Mining had to issue 2.2 million shares at a 50% discount to bridge a funding gap.

[pwhite73] 26/8/2024 18:46

I never said NEO was AIM. I frequently us the term AIM/small cap meaning stocks listed on the AIM or any small cap whether listed on the AIM, main listing or AQSE exchange.

[ddonaldson2] 26/8/2024 18:31

Does anyone know or have an estimate of how much it will cost to get some cash flow from these projects? How do they expect to fund this also? Thanks

[robwalsh25] 26/8/2024 18:16

NEO isn’t on AIM u mug!! You can’t even get that right!!

[pwhite73] 26/8/2024 17:51

PWhite said this and PWhite said that about company X but the share price jumped from 0.00001p to 100000p therefore PWhite was wrong.

Well no. Where a share price ends up does not negate the facts regarding an AIM/small cap company. These share prices are driven by PI sentiment more than anything else.

Over the past two weeks the board have created fantastic sentiment but as I have shown things are not all as they seem.

I see another one of JB's companies Marula Mining has done a 50% discount placing on Friday.



As with 95% of these AIM/small cap mining stocks the only real money that is crossing palms is yours.

[runster] 26/8/2024 16:34

Blah blah. 'these aim' companies this and that. I hear you banged on the same way about aim company EEE and were wrong then, too.

[robwalsh25] 26/8/2024 16:04

Jason the chairman has already said publicly there is no need for a placing, go spout your BS elsewhere!!!

[maverickps123] 26/8/2024 14:12

Looking very pumpy, my guess there is a placing incoming!

[tomboyb] 26/8/2024 13:26

Interesting Uranium bantor over the weekend -

[gasman10] 26/8/2024 09:16

It pulled out of Henkies because Uranium price was on the floor and it was uneconomic to mine it you idiot White. Thats why there a lot abandoned mines which if you have money can be reactivated.

[gasman10] 26/8/2024 09:14

Pwhite stock bashing twit. Quinton created the AUO fund to develop these projects. Small miners dont have the money and develop mines by share raises. AUO will fund via normal debt . Your bashing is useless and we are all laughing at you.

[robwalsh25] 26/8/2024 08:58

Look at pwhite desperately posting nonsense because he knows we will go to the moon this week....what a loser.

[robwalsh25] 26/8/2024 08:57

pwhite neo isnt on AIM

[pwhite73] 26/8/2024 08:05

Niger Uranium are now called URU Metals (URU) on the LSE. The project fell through a year later as they did not receive the consent of the Mines Minister.



"The Company agreed on 7 October 2009 with the vendors of URU Henkries that as the Minister's Consent had not been received within the allowed time period, the acquisition shall be terminated in accordance with the terms of the SPA."

As far as I'm aware NEO are still awaiting approval from the Mines Minister for a production permit. No drilling has been done yet since January 2024 as promised in the prospectus and to the South African government.

I told you before these African governments don't have an issue with start ups proving up resources but no production licences will be granted until they see real cash running into £100 millions on the table. QVDB has not shown the South African government the money yet and furthermore I do not personally believe he has the resources for a project the size of Henkries. He said in the Stockbox interview he was looking for a joint finance partner.

Be careful.

[pwhite73] 26/8/2024 07:36

As I explained to you all these AIM/small cap companies don't have the money to reach production stage on these mines that can cost up to £1 billion. All they can do is raise capital via the equity markets to edge closer until suspended and delisted. Anglo American does have the money and was exploring Henkries but pulled out.

Does the below look familiar?



01 September 2008 Niger Uranium buys stake in Henkries deposit



Niger Uranium has signed a share purchase agreement to acquire 74% of Namakwa Uranium, owner of the Henkries uranium project in South Africa.


Under the agreement, URU Henkries Ltd - a newly formed company - will acquire 74% of the issued share capital of Namakwa Uranium from Aardvark Uranium. The acquisition will cost an initial $1.75 million in cash, plus 8.5 million Niger Uranium shares. A contingent deferred payment of a further $5.5 million in cash and 1.5 million shares.


The remaining 26% of Namakwa is held by the company's black economic empowerment partner, Gilstra Exploration. Namakwa holds the Henkries project prospecting licence, which covers over 58,000 hectares of land. The Henkries deposit has previously been explored by Anglo American and includes a historical non-code compliant resource estimate of 4.18 million tonnes at 405 parts per million (ppm) U3O8 containing 1690 tonnes U3O8 (1430 tU), using a 100 ppm cut-off grade.


On receipt of the necessary regulatory approvals, Niger Uranium intends to verify this estimate by additional exploration in order to upgrade it to a JORC compliant resource estimate. Three of Niger Uranium's six directors are former UraMin senior executives.


Anglo Operations Ltd (AOL) conducted its feasibility study in 1979 on the project and in addition to the resources above, identified a 5 km by 1.3 km zone of mineralization referred to as Henkries North.


Niger Uranium believes it should be able to fast track the Henkries Deposit to production in the medium term, becoming South Africa's first open pit uranium mine with an internal target date of late 2011."

[pwhite73] 26/8/2024 07:21

gasman10 - That Henkries exists as a place is not in any question.



However the South African Minerals and Resources website shows there are no mining operations taking place there.

gasman10 - "With reference to Mayflower JB may have bought it as a prospect"

Mayflower Energy Metals Limited is not a prospect it is a UK registered company incorporated on 07/01/2022 and dissolved on 20/08/2024. The accounts to year end 31/01/23 showed it had cash and assets of just £100. So you may wish to query why they are being handed £1.75 million.



gasman10 - "I notice the name is the same as the Charity hes involved with that helps deprived children"

That is an excellent thing he is doing. However it is common among AIM/small cap directors and companies to be involved in charities whilst PI shareholders lose everything.

Strange Holdings claimed in their prospectus Desert Star Trading 130 owned the rights to Henkries Project. You need to find out who are the directors behind DST130 and when was the company formed.

[gasman10] 26/8/2024 05:15

Oh look who that is

[gasman10] 26/8/2024 04:59

Now white, Henkries is a village name 1997 and was mentioned here https://www.mindat.org/reference.php?id=16216905With reference to Mayflower JB may have bought it as a prospect. I notice the name is the same as the Charity hes involved with that helps deprived children, https://x.com/mayflower_kids/status/1599690044071092225?s=46

[pwhite73] 25/8/2024 17:59

Judas Iscariot kept excellent company.

[worlds lrgest undies] 25/8/2024 17:54

-White is a close associate of convicted fraudster Waldof

Imho

You are the company you keep

[runster] 25/8/2024 17:09

Thank you, appreciated.