Neo Energy Metals Share Discussion Threads

[gasman10] 27/8/2024 08:34

Pwhite paid basher. How much do you get paid per post now?

[pwhite73] 27/8/2024 07:33

runster - Everything you have just posted about my argument is 100% correct. The only part you missed out was the personal enrichment of the directors en-route.

[runster] 27/8/2024 07:28

PWhite's argument is that NEO doesn't own Herkries and isn't going to buy Beisa and at the same time argues that the price of uranium is going to fall and that the only reason the share price is rising is that lots of people are buying their shares. He argues that despite not owning any uranium, NEO will continue to place shares in order to raise the money to bring the uranium resources they don't own to production. It's the ravings of a madman.

[citys2874] 27/8/2024 07:17

Looking strong today

[gasman10] 27/8/2024 07:16

Buying his own shares for him and his employees does count white.

[gasman10] 27/8/2024 07:15

Mr White you are entitled to your opinion and so are we. Bullish on Uraniumhttps://investingnews.com/uranium-forecast/

[runster] 27/8/2024 07:12

Well, you don't believe NEO have any stake in uranium (astonishingly) so of course you don't believe Uranium prices will have any effect on NEO. Are you a flat earther?

[pwhite73] 27/8/2024 07:08

bairstoww - "A coming supply crunch is inevitable."

You are entitled to your opinion however I disagree. As far back as I can remember a supply crunch in uranium has been inevitable. It has never arrived. Irrespective uranium prices has nothing to do with NEO as I don't see them as a player in the uranium metals market. It is an AIM/small cap listed company raising close to 100% of its capital from PI shareholders.

[gasman10] 27/8/2024 06:57

29th November Neo Energy Metals plc, the near term, low-cost uranium developer, is pleased to announce that Gathoni Muchai Investments Limited ('GMI') has purchased 11,158,361 ordinary shares of GBP0.0001 ("Ordinary Shares") through off market purchases at an average price of 1.25 pence per Ordinary Share.Of the 11,158,361 ordinary shares purchased, 3,908,361 are held by GMI and 7,250,000 have been purchased by GMI on behalf of its employees and related parties.GMI is wholly owned and controlled by Neo's Chairman, Jason Brewer and Non-Executive Director Jackline Muchai.

[gasman10] 27/8/2024 06:52

White go and do some research will you

[gasman10] 27/8/2024 06:51

https://x.com/jb_miningafrica/status/1828323532427637177?s=46

[pwhite73] 27/8/2024 06:50

gasman10 - "So JB buys 11 million shares for him and his employees to share"

Where have you got this information from? According to the share register JB holds 90 million shares. All the directors own shares in the tens of millions. I'm not aware any of them paid a single penny/rand for their shares.

[bairstoww] 27/8/2024 06:47

PWhite #754 - I'm afraid you have the uranium market quite wrong. The materials cost of operating a station is a small (under 10) percentage of the overall running cost, and becomes minuscule if you add on amortisation of the initial construction. Demand for the metal is, therefore, quite inelastic.

Currently about 60 reactors are under construction (most in China). So that's irreversible. Over 100 more are in the planning stage.

Most uranium supply is made under long-term contracts with miners. Over the last twelve years the going price was less than the cost of production (Fukushima effect), so many mines shuttered - Cameco, for example. These miners had to enter the spot market to satisfy their contracts. The spot market has been largely fed by inventories, which are naturally being run down. A coming supply crunch is inevitable.

I'd caution you against arrogance, when ignorance is revealed so readily.

[tomboyb] 27/8/2024 06:45

Uranium stocks are very few -

[tomboyb] 27/8/2024 06:45

Pwhite bashing @ 0.85p -

Now 1.45p -

That is how he works -

[runster] 27/8/2024 06:29

The demand for uranium exceeds the supply as it is, and that shortfall will increase , pushing up the price. Absolutely no doubt about that. The US has legislated to stop consumers of uranium from buying from Russia. As that kicks in and SMRs start demanding uranium, the price will rise. Uranium is a fractional input cost in the price of nuclear energy, whereas gas is a huge part of the price of generating electricity. So if the price of uranium goes up 100% you're still going to buy if for your fleet of reactors, as shutting them down costs a couple of million dollars a a day each.

[robwalsh25] 27/8/2024 06:19

Get ready for fireworks today!! A

[1savvyinvestor] 26/8/2024 22:15

You really do write utter tosh . Good try. Must dash

[pwhite73] 26/8/2024 19:47

tomboy2 - "Kazatomprom supply slash will put upward pressure on the price of Uranium"

That's not how markets work. If the price rises the consumer switches out into cheaper goods. If the price of cocoa beans rise causing an exponentially rise in the price of coffee the consumer doesn't necessarily meet the higher cost of coffee they switch out into tea.

If the price of uranium rises nuclear power projects that were pencilled in for the next few years are put on hold as they become too expensive compared to conventional fuels like oil, gas and coal.


Its only UXC talking up its own market regarding uranium price rises. I told you the market for uranium was limited and restricted, see below.



"There is no formal exchange for uranium as there is for other commodities such as gold or oil. Uranium price indicators are developed by a small number of private business organizations, like UxC, LLC (UxC), that independently monitor uranium market activities, including offers, bids, and transactions."

Really must dash.

[tomboyb] 26/8/2024 19:33

No -

Kazatomprom supply slash will put upward pressure on the price of Uranium -

That is 2025 so a lot to forward to in the pice -

[pwhite73] 26/8/2024 19:30

tomboyb - "Look geopolitically and you can see the trend -"

Not with uranium. Unlike gold or other precious metals the market for radioactive materials is very limited and restricted.

A peace agreement between Russia and Ukraine will send the price plunging. A Donald Trump Presidency will send the price plunging as Trump does not believe in the green agenda. For him its all a Marxist radical left wing conspiracy to undermine the west and in particular the United States.

Remember this is the third attempt at Henkries.

1. Anglo American proved up resources but did not produce.
2. Niger Uranium proved up resources but did not produce.
3. Neo Energy Metals are in the process of proving up resources (or so they claim).

Speak Later.

[tomboyb] 26/8/2024 19:28

Uranium price squeeze coming -