NEOS Neos Resources

TIDMNEOS

RNS Number : 9564K

Neos Resources PLC

05 August 2013

NEOS Resources plc ("NEOS" or the "Company")

Operational Update

NEOS notes the recent material rise in its share price for which the board knows no reason.

As announced on 12 April 2013 the Company has contracted to supply 500 tonnes of UCO to a global energy group and it continues to supply in to this agreement and has delivered 250 tonnes to date. The Company still expects successful completion of this contract to lead to increasing volumes. As previously stated the Company intends to pursue further sales opportunities where the opportunity is expected to yield an attractive margin and make a contribution to the Company's overhead.

The Group's financial position remains in line with previous announcements and at 30 June 2013 the Group's cash balance was approximately GBP525,000. As previously set out the Company's cash burn has been significantly reduced over the last few months

Enquiries:

 
 NEOS Resources plc          +41 22 908 1199 
 Nicholas Myerson - Chief 
  Executive Officer 
 
                             +44 (0) 20 7220 
 finnCap Ltd                            0500 
 Stuart Andrews 
  Christopher Raggett 
 
 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

STRUVVRROAAWRAR

Neos Resources (LSE:NEOS)
Historical Stock Chart
From Apr 2024 to May 2024

Neos Resources (LSE:NEOS)
Historical Stock Chart
From May 2023 to May 2024