Neos Resources PLC Statement re share price movement (9564K)
August 05 2013 - 5:57AM
UK Regulatory
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
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