Neometals featured in Daily Mail article – Share buyback update

Neomatals {ASX: NMT} The recent presentation by MD Chris Reed in London has been featured in a Daily Mail article, focusing on the potential to separate the company into two and for the technical side to be listed in the USA, where markets are more receptive to tech stories.

The company continued the share buyback program of 28 million shares, passing the halfway mark.

 

 

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Neometals featured in recent media articles, continues share buyback program.

 

 

Neometals {ASX: NMT}  MD Chris Reed presented to London city professionals and investors recently, and that presentation has become the subject of two media articles, most notably being featured in the prominent and esteemed British newspaper, the Daily Mail.

To read the article in full, please click HERE

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The other article was written by Chris Ecclestone , Mining Strategist of Hallgarten and Co. of London, and European Editor for the Investorintel website in Canada, the most prominent investor focused clean tech website in the world.

To read the article in full, please click HERE

 

 

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Neometals have confirmed their 28 million maximum share buyback program has now passed the halfway mark, exceeding 15 million shares of a 28 million maximum permitted buyback, by the ASX.

 

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I am not a fan of buybacks, but given the current inexplicable (in my opinion) share price weakness, it does seem to make sense. NMT has plenty of cash to spare, and at the current rate will only use up AUS $7 million buying back those shares.

 

 

 

 

 

 

 

 

 

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