Neo Energy Metals Share Discussion Threads

[whoppy] 09/11/2023 18:55

Uranium price was too low to develop the mine back in the 70's 80's

[bscuit] 09/11/2023 18:29

Had STHP been on AIM it would not have survived and we wouldn’t have this potential. Suggestion has been made to me of 10x, though I do wonder why AngloAm walked away at some time in the past

[hedgehog 100] 09/11/2023 18:12

Note that NEO is a Main Market stock, not AIM-listed.

"Market
Main Market"


This obviously stems from the fact that the shell that has been reversed into, i.e. STHP, was itself Main Market.

The main day-to-day difference for investors is that buyers on the market will have to pay Stamp Duty of 0.5% on share purchases (though no Stamp Duty is charged on sales).

[hedgehog 100] 09/11/2023 17:57

A busy first day of share dealing for NEO:-
Volume of 20,694,990 shares traded: that's 1.7% of the shares in issue.

Though the NEO share price has closed at 0.875p (0.75p - 1p), down 0.5p (36.36%) from STHP's suspension price of 1.375p.

But it's not surprising to see significant selling after a multi-year share suspension, as I posted on the STHP thread last week:-

Hedgehog 100 3 Nov '23 - 13:54 - 123 of 133 Edit 0 0 0

"29/08/2017 11:06 UK Regulatory (RNS & others) Stranger Holdings PLC Possible Acquisition and Suspension of Listing LSE:STHP Stranger Holdings Plc


Yes, STHP has been suspended for over six years & two months.
(Time obviously flies when you're enjoying yourself!)

In that period of time some shareholders could potentially have gone bankrupt or died etc., so shares could potentially just be dumped without any consideration of value etc. ..."




Recent Share Trades for Neo Energy Metals (NEO)
Date Time Trade Prc Volume Buy/Sell Bid Ask Value
09-Nov-23 16:24:05 0.81 1,000,000 Unknown* 0.75 1.00 8,100 O
09-Nov-23 16:22:20 0.887 500,000 Buy* 0.75 1.00 4,435 O
09-Nov-23 16:18:44 0.8875 500,000 Buy* 0.75 1.00 4,438 O
09-Nov-23 16:17:58 0.875 500,000 Unknown* 0.75 1.00 4,375 O
09-Nov-23 16:12:43 0.80 650,000 Sell* 0.75 1.00 5,200 O
09-Nov-23 16:12:36 1.00 250,000 Buy* 0.75 1.00 2,500 O
09-Nov-23 16:05:27 0.77 500,000 Sell* 0.75 1.00 3,850 O
09-Nov-23 16:03:42 0.85 500,000 Sell* 0.75 1.00 4,250 O
09-Nov-23 15:20:27 0.822 182,481 Sell* 0.75 1.00 1,500 O
09-Nov-23 15:18:03 0.833 238,191 Sell* 0.75 1.00 1,984 O
09-Nov-23 15:07:05 0.85 27,312 Sell* 0.75 1.00 232.15 O
09-Nov-23 14:43:54 0.80 250,000 Sell* 0.75 1.00 2,000 O
09-Nov-23 14:23:26 0.83 250,000 Sell* 0.75 1.00 2,075 O
09-Nov-23 14:17:19 0.9025 500,000 Sell* 0.75 1.25 4,513 O
09-Nov-23 14:01:47 1.01 30,446 Buy* 0.75 1.25 307.50 O
09-Nov-23 12:52:34 1.01 1,000,000 Buy* 0.75 1.25 10.10k O
09-Nov-23 12:47:28 1.01 3,000,000 Buy* 0.75 1.25 30.30k O
09-Nov-23 12:47:28 1.01 -1,000,000 Unknown* 0.75 1.25 -10.10k O
09-Nov-23 12:47:28 1.01 1,000,000 Buy* 0.75 1.25 10.10k O
09-Nov-23 12:09:27 1.00 100,000 Sell* 1.00 1.25 1,000 O
09-Nov-23 12:04:45 1.00 400,000 Sell* 1.00 1.25 4,000 O
09-Nov-23 12:02:23 1.01 1,000,000 Sell* 1.00 1.25 10.10k O
09-Nov-23 11:57:49 1.01 1,000,000 Sell* 1.00 1.25 10.10k O
09-Nov-23 11:57:49 1.01 -1,000,000 Unknown* 1.00 1.25 -10.10k O
09-Nov-23 11:57:49 1.01 1,000,000 Sell* 1.00 1.25 10.10k O
09-Nov-23 11:55:33 1.00 500,000 Sell* 1.00 1.25 5,000 O
09-Nov-23 11:54:50 0.9999 500,000 Sell* 1.00 1.25 5,000 O
09-Nov-23 11:53:19 0.9999 500,000 Sell* 1.00 1.25 5,000 O
09-Nov-23 11:26:19 1.00 100,000 Sell* 1.00 1.25 1,000 O
09-Nov-23 11:07:05 1.00 500,000 Sell* 1.00 1.25 5,000 O
09-Nov-23 11:03:38 1.01 198,019 Sell* 1.00 1.25 2,000 O
09-Nov-23 09:53:30 1.02 250,000 Sell* 1.00 1.25 2,550 O
09-Nov-23 09:30:13 1.04 100,000 Sell* 1.00 1.25 1,040 O
09-Nov-23 09:29:03 1.024 48,410 Sell* 1.00 1.25 495.72 O
09-Nov-23 09:28:56 1.024 16,238 Sell* 1.00 1.25 166.28 O
09-Nov-23 09:27:55 1.0275 17,273 Sell* 1.00 1.25 177.48 O
09-Nov-23 09:26:24 1.0275 29,213 Sell* 1.00 1.25 300.16 O
09-Nov-23 08:51:18 1.0325 40,000 Sell* 1.00 1.25 413.00 O
09-Nov-23 08:45:49 1.0375 94,759 Sell* 1.00 1.25 983.12 O
09-Nov-23 08:41:02 1.05 472,688 Sell* 1.00 1.25 4,963 O
09-Nov-23 08:07:38 1.00 100,000 Sell* 1.00 1.25 1,000 O
09-Nov-23 08:05:08 1.16 250,000 Sell* 1.00 1.50 2,900 O
09-Nov-23 08:04:12 1.16 99,960 Sell* 1.00 1.50 1,160 O
09-Nov-23 08:00:38 1.275 500,000 Sell* 1.25 1.50 6,375 O

[hedgehog 100] 09/11/2023 17:36

Thanks for that Whoppy.


"Jason Brewer, Neo Energy Non-Executive Chairman Interview – commences trading on the London Main Market

Abm November 9, 2023

Neo Energy Metals Plc celebrates its commencement of trading on the Main Market of the London Stock Exchange.

Neo Energy Metals Plc, the near-term, low-cost uranium developer, is thrilled to open the London Stock Exchange market today. The company is celebrating the re-admission of its enlarged share capital following the completion of a Reverse Take-Over (‘RTO’) and having raised £4.9 million.

By re-admitting its enlarged share capital to the Market today, Neo Energy signals its ongoing commitment to development and increased access to funding as it looks to become an important supplier to the fast-growing uranium sector.

Neo Energy’s initial focus is on Henkries, an advanced, low-cost uranium project in the Northern Cape Province of South Africa with a clear pathway to near-term production. This exciting project has a current estimated mineral resource of 4.7 million pounds of uranium but is wide open for potential new uranium discoveries given less than 10% of prospective ground has been fully tested. The company’s next steps include increasing the project’s Mineral Resources and updating the initial, positive feasibility study ahead of making a development decision within two years.

Neo Energy has joined the market at an opportune time given the robust uranium market dynamics. As one of the most strategic modern commodities, this clean, safe, reliable, and economic energy source is expected to play an increasingly significant role in the generation of green energy. However, while demand for uranium is growing, the market’s fragile supply chain has become apparent from recent global events.

“Our Listing on the London Stock Exchange today marks a very exciting milestone for Neo Energy, in both our development as well as our future growth plans as we focus on building a position as a key supplier of uranium to support increasing world demand, which remains significant due to constrained supply. The Listing will give shareholders immediate exposure to the uranium sector and access to participate in the growth and future potential of Neo Energy.

“We are honoured to join the prestigious ranks of public companies on the London Stock Exchange and are confident that given the high volume of workstreams already underway and planned, Neo Energy will deliver value to all stakeholders.”

Jason Brewer, Neo Energy Non-Executive Chairman"

[whoppy] 09/11/2023 16:50

Interview.

[whoppy] 09/11/2023 16:42

Interview.

[whoppy] 09/11/2023 16:20

$30m already spent on defining the asset by Anglo American. Even done trail production at 50kg /hr of ore. They found they got high recovery factors. Price of uranium back then was $5 lb, hence the mine got mothballed.

[whoppy] 09/11/2023 16:03

Looks a good Uranium asset. JORC 4.7Mlbs, 15m from surface. Soft sediment and sandstone deposit, easy and cheap to mine. Surface sampling being done to increase by another 1-2Mlbs.. further work to increase to 10Mlbs. Big investors backing this too. Uranium price is going up. Currently $73 lb.

[whoppy] 09/11/2023 15:52

Wow 0.875p to buy..if only I could.. I can't get a quote as NEO not available yet with my broker.

[whoppy] 09/11/2023 15:40

Can anyone buy this?? NEO not showing up with my broker.

[1savvyinvestor] 09/11/2023 12:58

It's surprising that something as simple as putting the correct details online is not done by advfn. If you and I know the market cap why the hell don't people who are paid to put this information up get it right

[hedgehog 100] 09/11/2023 09:12

LOL, Neo26, I can see why you might be attracted to this share!

However, don't let non-investment criteria sway your analysis!

[1savvyinvestor] 09/11/2023 09:08

On LSE they have got it right at 10%?down .

[hedgehog 100] 09/11/2023 09:05

Yes Savvy.

I think that's because Neo Energy Metals has taken over the NEO ticker from Neovia Financial.

(Neovia then changed its name to Optimal Payments (OPAY), and was subsequently taken private.)

ADVFN's charts will continue to show the NEO share price prior to today (& going back over ten years) as being (about) 61p, so most of them won't be very clear for quite a while.

But I'll continue to periodically put new charts showing only the Neo Energy Metals share price into the header of this thread, which will be more useful.

[1savvyinvestor] 09/11/2023 08:58

Think that's just advfn. LSE quoting down 10%

[neo26] 09/11/2023 08:57

Neo energy?

[hedgehog 100] 09/11/2023 08:30

Current share price 9th. November 2023: 1.125p
1,216,371,468 shares in issue
Market capitalisation: £13.684M.


"Neo Energy Metals
We are a new Mining and Development company focused solely on Uranium & Strategic Metals supply.
NEO is one of the most advanced, high-grade uranium companies capable of near-term production and the Only Primary Listed Company in London to offer investors with direct exposure to the uranium sector."



"New uranium explorer joins London's main market: Neo Energy Metals
Published: 07:00 08 Nov 2023
... The company is set to become the only fully listed uranium exploration, development and production company when it floats via a reverse takeover by Stranger Holdings PLC (LSE:STHP) this week, following approval of the merger at a shareholder meeting last week.
Admission of the enlarged group to trading is scheduled for Thursday 9 November 2023.
Neo is currently focused on a single project, Henkries, a South African project formerly owned by Anglo American in the 1970s. ..."



09/11/2023 07:00 UK Regulatory (RNS & others) Neo Energy Metals PLC First Day Of Dealings LSE:NEO Neo Energy Metals Plc

"Accelerating an advanced, low-cost uranium project towards near term production

Neo Energy Metals plc (previously Stranger Holdings plc), the near term, low-cost uranium developer, is pleased to announce that at 08.00 today its ordinary shares will commence trading on the Main Market for listed securities of the London Stock Exchange plc ('LSE') under the ticker NEO.

As part of a Reverse Take-Over ('RTO') process, the Company raised GBP4.9 million gross of fees and costs through a Subscription for Shares and a Placing of Shares at 1.25 pence per Ordinary Share. The Enlarged Share Capital following Admission will be 1,216,371,468 ordinary shares giving the Company a market capitalisation of c.GBP15m.

OVERVIEW

New strategy - to become an important supplier to the fast-growing uranium sector

-- Initial focus on Henkries, an advanced, low-cost uranium project in the Northern Cape Province of South Africa with a clear pathway to production.

-- Current estimated mineral resource of 4.7 million pounds of uranium, but wide open for potential new uranium discoveries given less than 10% of prospective ground has been fully tested.

-- +US$30m of historical exploration, drilling, test-pitting and mining, metallurgical testwork and pilot plant work and feasibility study completed.

Robust market dynamics - one of the most significant and strategic modern commodities

-- A clean, safe, reliable, and economic energy source expected to play an increasingly significant role in the generation of green energy.

-- Fragile supply chain with significant increases in uranium price forecast.

-- The industry needs to at least double its development pipeline of new projects by 2040 to avoid potential supply disruptions.

Corporate - positioned for growth

-- Raised GBP4.9 million gross of fees, with funds to be used to complete an updated feasibility study and target an increase in Mineral Resources at Henkries.

-- Board and team strengthened to support new strategy.

Neo Energy CEO Sean Heathcote said, "Neo Energy commencing trading on the LSE as its first uranium explorer is the culmination of a great deal of work by many people. With this milestone reached, we have an extremely exciting opportunity to fast-track our low-cost, near-term Henkries Uranium Project located in the Northern Cape Province of South Africa towards a development decision within two years. In line with this, our next steps include increasing the Project's Mineral Resources, which is highly probable as less than 10% of prospective ground is fully tested, and updating the initial, positive feasibility study.

"We have joined the market at an opportune time. As the cleanest, cheapest, and safest form of mass power generation, interest in uranium is building momentum. With circa 10% of the world's power generation coming from nuclear, rising to almost 20% in advanced economies, current inventories are being depleted and no new deposits are being put into production. More uranium must be mined to feed existing and new nuclear power plants, particularly in Asia where 60% of the new global reactors are under construction. The upside for uranium companies such as Neo Energy is therefore clear.

"Given the high volume of workstreams already underway and planned, we look forward to updating the market regularly and are confident that Neo Energy will deliver significant value to all stakeholders."

DETAILS

Neo Energy holds up to a 70% interest in the Henkries Uranium Project ('Henkries' or 'the Project') in the Northern Cape of the Republic of South Africa. This 742km(2) uranium project with an estimated mineral resource of 4.7 million pounds of uranium has been subject to extensive historical exploration activities as well as a feasibility study, which the Directors believe represents a significant opportunity for the Company's stakeholders to gain exposure to the uranium exploration and mining sector.

The other 30% interest is owned by Wavecrest Proprietary Capital Limited, a company registered in the Republic of South Africa, and which holds its interest in accordance with South Africa's Broad Based Black Economic Empowerment legislation. ..."

[cossie] 09/11/2023 08:05

stupidly they had the mid price at 61p

[1savvyinvestor] 09/11/2023 08:05

Why showing 98% loss!! It's only just started trading !! ?

[johnyee 7] 09/11/2023 07:34

You beat me to it.

[andrbea] 08/11/2023 17:09

Nov. 9 2023
New uranium explorer joins London's main market: Neo Energy Metals