Firering Strategic Minerals: From explorer to producer. Watch the video here.
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Https://x.com/MarulaPlc/status/1803796764673130843?t=Dw9r0SCmN8MsxoyQXA6cDg&s=19
Aiming for 10kT minimum
SB
I don’t expect miracles I just expect the CEO where I invest my money to be truthful. If he can lie about the simple things then what lies is he telling about the important stuff.
This RNS that’s just been released. Are you happy with it, is it really good news.
Jason only put this out because he has been getting stick on the TG, he put out some old videos and got called up on them so he has put out this RNS.
Sorry but this is more jam, he has been backed into a corner and does what he always does.
He had 3 months to sort out the logistics of delivering the material, in fact longer because he was meant to have the OT done before Xmas. He failed, the deliveries were meant to start in May why didn’t he release this news the end of May.
Another RNS that leaves more questions than answers but you’re ok with that.
$100m F9 funds soon to be announced with a portion being allocated to carbonate/hydroxide expanded processing at Blesburg
auoinvestments.com
LATEST
PROJECTS
MARULA MINING
Blesberg – South Africa
Located in the Northern Cape Province of South Africa, the Blesberg Project Mine stands as one of the largest known pegmatite deposits with significant mineralization. Throughout its history, it has been recognized as the primary source of tantalum in the country.
The lithium grades observed in the sampled materials exhibit exceptional quality and value, presenting an opportunity to extract a high-grade lithium product from the existing stockpiles. This approach allows for efficient recovery without the need for substantial upfront capital investments or extensive mining and processing expenses.
Exciting developments are underway as we have recently deployed new equipment to the site, enabling Marula Mining to expedite the reprocessing of approximately 250,000 tonnes of stockpiles. Our focus will be on extracting spodumene from these stockpiles, facilitating subsequent sales of this valuable mineral.
LOM 10 years
Resource:
Measured 1.1MT
Inferred 4MT
Mineralisation
Spodumene 6-12%
Li2O 6%
Feldspar 8%
Tantalite 0.04%
Does anybody listen to this idiot ,he's got a man crush on jason haha
Nice. Nice RNS. Much needed update on old bles. Hope JB puts lithium back on the menu and keeps us up to date on the operations there.
Https://www.lse.co.uk/rns/MARU.PL/update-on-blesberg-spodumene-sales-772sdluk3l0p1e9.html
Aiming to produce 10k tonnes of spodumene in 2024 with offtake for by-products to follow shortly.
That is around 1600T a month July to December.
Expecting by-products to be worth the same or more as the spodumene
Without by-products = $11m revenue
With by-products = $22m revenue?
Cost to mine around $276/t
All in sustaining cost around $500/t so $5m based on $1100/t spot price of SC6
Good news out
Well you sort of are expecting miracles. What you can lies most here would call estimates that may have been overly ambitious as circumstances and other opportunities arose. I like a CEO who is dynamic and can change priorities for quick money. For example - we know Spud price has been decimated in the last year so he reduced priority on Blesy and switched focus to an area where prices are surging and we are currently producing and selling
I think you are expecting way too much on a single individual we are paying £70k a year - (especially in the last week or two after surgery for gawds sake - major or minor it involved morphine so it would be major in my book).
I'm happy to wait on the price of spud to improve before we sell though others may not be so long as we can keep drilling and producing it - it wont run away !
Fpoovone
Did you enjoy the old video Jason posted or like the rest of us that thought it was sxxt the first time.
Come on admit you are questioning Jason a bit, somewhere in the back of that tiny deluded mind you must think that something isn’t right.
It’s simple, we need revenue. A contract was signed in March. We had stockpiles of material to sell and Jason had 3 months to get it sorted and……
Massive fail, Jason needs to answer how he messed up yet again.
So Jason has gone full coco the clown mode and posting old videos on the marula TG.
Is anyone really buying it, a massive fail is coming and as always with Jason smoke and mirrors.
Even some of his die hard believers are questioning him and so they should do.
Morning whofarted have you taken your meds today.
SB no one is expecting instant results, it is Africa and it has its own rules.
Jason should know that, in fact I would say he definitely does know it, so why keep getting it so wrong and unfortunately when he is questioned on it he starts to lie and he lies badly.
When the deluded hang on every word and believes all the rubbish that comes out of his mouth and then praises him for his failures he will carry on doing it.
People invest there hard earned money to improve there life’s and have the right to question the cowboy running the show without being try old to sell up or being accused of deramping or creating trouble.
People should question Jason as his lies are getting worse his failures are stacking up and as thee ceo he should be held accountable.
Where’s the zoom call he promised, don’t say he is recovering from surgery as he said it was minor oh wait yesterday he said it was major surgery but he has been ok doing interviews.
He hasn’t done the zoom call because he knows he has failed yet again and knows he will be questioned on it and he will have to tell more lies. Or is it he don’t want to be questioned on the accounts, will they be late again and who will he blame this time.
SB thanks for the post.. You have put today’s situation for all to read at the right level.
The management here have all bought shares and are desirous of good results, like the rest of us. The top management have to put an optimistic slant on the future when they are informing everybody else.
I think many people here are very naive investors if they are expecting instant results and no hiccups along the way. You are invested in africa for God's sake - for me the videos of actual mining taking place as opposed to future plans for most junior miners is brilliant- cashflow is happening NOW -at thankfully high prices- a few weeks /months delay in ones part of the business is nothing if others are continuing apace - this will significantly rerate in my opinion - wish I had more to put in at these levels !!
Not sure what happened today but added 30k shares at 7p.If this goes tits up anyone got a job.Share advisor looks good bet????
We will be ok, Jason will spread some more ramptastic jam.
Andii will re tag some old interviews just to highlight Jason’s missed timelines. Marcus will call all non believers sock puppets while Chuggs is fantasising about Jason in spedos and nish will buy another billion shares.
Then when the SP touches 8p again we can all sit down and discuss what we can buy with our £2 per share dividend. Poovone can buy a new dummy.
What’s not to like in the world of Jason and his 35 different companies
We're in for a bumpy ride.. this could get ugly.
Overandout are you for real or just joking.
People have started questioning what’s going on and what does Jason do. Yeah that’s right comes out with some more untruths.
A couple of weeks ago as we know Jason had an operation, we don’t know what it was for but he said it wasn’t serious and only a minor operation.
Fast forward to today when people are questioning him on his failures he comes out with that he had a major operation and sorry if he isn’t jumping up and down and he hasn't gone quiet but he is finalising news to release. So get ready for more jam, it’s coming.
After his operation he was saying how he had his laptop as he wants to keep working but today he hasn’t been working because he is in recovery.
Now we play a game. Was he lying 2 weeks ago when he said it was a minor operation or lying today to get sympathy for failing yet again and saying it was a major operation.
Answers in a postcard and send them to JBs circus the winner wins juggling lessons
One of the best maxims to follow with investing is “ follow the money” Where has Q invested?
Whofarted it will be in the 8s today 9 n 10s next week
Come on, all the Jason is awesome gang.
How low will the share price go and most importantly how low has it got to go before you start questioning Jason. I think you will see 6p today and maybe the 5s before the weekend.
Hey Andii it’s quite cheap seeing as they have billions of pounds worth of assets. I so wish I was a simple and as naive as you.
And now for the rest of you that keep shouting about dividends hahahaha how funny. Haven’t some of you been dreaming of 5pps dividends. You will get your 5pps but not a dividend just the value.
As I said Jason stumbled on something that could not fail with marula and failed.
What a clown
Andii you try to sound intelligent and knowledgeable but unfortunately you just regurgitate what jam Jason has spread and as we know most that comes out of his mouth is lies.
The rados sorter has been operating since last year we haven’t sold any material because Jason is well out of his depth and can not sort it out (hopefully at some point Q realises Jason isn’t up to the job and steps in). I hope we are stockpiling lots of material in the last 6+ months. If not then how will we fulfil out OT agreement and supply what the contract states.
I mean we have already messed it up by not being able to start in May.
I see on the TG a lot are getting frustrated, even Chuggs wants answers. But show any sign of frustration or even try to question the problems with Jason you get told to sell up if you don’t like it.
You should all question Jason, it’s your hard earned money invested in a company that he runs and he is a proven liar.
Do you not look and think why did he bring Q on board. It’s because he hasn’t got a clue what he is doing. Like a rabbit in some head lights.
volume low mm having a field day look at buy price not moved but sell all over the place.i try to trade part of my position but cannot at moment no movement in sell to upside.bit trying i admit but story is good look at the equipment we got compared to market cap cheers *****on.
If Jason ran some of these holders over, they would be praising his ability to get things done.
Sp not looking to good I must admit