Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Not really understanding the consistent fall in SP but I'm steadily buying - frankly if its good enough for a self made mining billionaire then I'm happy to go along for the ride.
Further test work has shown more lithium in host rock and Berylium so there have been more assay tests done which we are waiting for and which will increase the maiden resource declaration
https://twitter.com/JB_MiningAfrica/status/1785597723866996973?t=Tjoa-RzAa0naXcFsx4HhqA&s=19
Good revenue on way.I will be happy when seller has gone.Look like 30k day that's just looking at phone though??
Hi Rains, this one is for you buddy.
On the 6th March I calculated on a post in this thread that Kinusi would potentially earn $15-20m profit a year from copper sales.
Figures released today show pre tax operating cash flow of $14.9m from next year.
https://twitter.com/JB_MiningAfrica/status/1785587543108440312?t=mNB3RcHUsOW3ZkBkIqu3kQ&s=19
Would be good to hear more about the operations at old blezzie. What is happening there currently and is anything bagged up? How is Rados going?
50% of yesterday's volume on Aquis was on the A2X according to the exchanges own data
https://x.com/a2x_markets/status/1783500566045335714?s=52&t=MHudAyJDFmjRAyeKhzdW2g
Looks like somebody is betting that Marula Sp is about to rise. Maybe one of the chosen few.
What does the spreadex purchase mean ?
RNS out, trading starts today.
https://www.a2x.co.za/market-data/ page 2 half way down to see volume. First buy already in
When seller is clear should rise nicely
New licenses for graphite awarded. Paid for with shares at a 50% premium to current share price
There's a presentation being uploaded to the website this coming week.
Here is a link to the A2X listing document which talks about Blesburg and the other projects
https://marulamining.com/assets/files/2024/circulars/PRE_LISTING_PLC_ON_THE_A2X_LIMITED_2024.pdf
Hoof, you've been kicked in the head by a horse one too many times. See what I did there?
You misunderstood my message. The lithium is unproven. I want to hear all about the imminent lithium revenue and not about any other future byproducts. Information is scarce on the current production. The rate of production and what is being produced as we speak. Need to start talking specifics and not more carrots on sticks.
Good RNS there and great to have another exchange on board , looking forward to sales news and NSE listing
Funding milestones met and tranches of shares issued to billionaire investor Q global for cash.
From Jason Brewer:
"The shares issued now come from a transaction that we actually started negotiation on in November 2022 and which we announced in January 2023."
"Since then the funds - which have now had shares issued against them - have purchased plant and equipment and funded diamond drilling and exploration activities across the company's portfolio of battery and critical metals projects"
From Dave on telegram:
These shares were announced in Jan 2023, well above what the SP was at the time.
Jason also has a 72k salary. How does that bench across other junior mining CEOs? We see a lot of numbers much higher than that.
There was anticipation of these shares being released (as it was announced in Feb and March) so some traders may have anticipated a dip to trade.
Some targets have slipped, mainly listing on NSE and JSE, possibly announcement any day, could even be as soon as tomorrow.
Also just huge lack of confidence in junior mining sector due more bad news stories than good.
However, if revenue and first OT land next month, manganese May or shortly after as it is already producing the Maru will be more financially secure than most junior miners and it will show that the collective of Q/Jason/relevant consultancies have chosen and expedited the right kind of projects.
Yesterday's RNS also made front page of the business section of an African newspaper. Bring on those dual listings!!
https://x.com/DeadEyeBeaky/status/1780900249675989264?s=09
From end of last year. Very bullish. Expecting the share price to be in the pounds £.
https://youtu.be/j5VOfPzrxCo?si=5sdrlzrFoJYfV1XQ
Also - late 2022 when the mine came under Marula's control and they were designing the process plant, Lithium was worth 3x what it is today hence Blesburg Lithium and tantalum mine, and not Blesburg tantalum and lithium mine
Sheik
As most know on here I’m no Jason fan, it’s not a secret but are you trying to argue for the sake of arguing.
Lithium is the main product of the mine which against any other single product from the mine will bring in the highest value. But, and read this bit slowly so you understand. If you have 3-4 or maybe 5 other byproduct materials be produced while your mining lithium and you add all there values together they could have a higher value collectively than the lithium.
It’s quite simple and most people can understand that.
Make be give your head a shake, lol see what I did there.
Well is it a lithium mine or what? Why not call it a coltan mine and lithium is the byproduct if the revenues dwarf each other. What am I missing? I'm getting the heebyjeebys Andii.
CEO should be more careful when describing the lithium revenue. Dwarfed by some byproducts? Dafuq?
Https://ibb.co/JxbzqB7
Copper just broke out of resistance. Now $9720/t
https://youtu.be/mJtMaahdL0k?si=uxsxByjnXBEEgpUi
@7:20 Jason said it again #lithium
"Very quickly, these byproducts credits will dwarf the revenue from the lithium"
#copper
Also mentions that kinusi will be producing revenue this quarter and they have moved away from initial Direct Sale Ore DSO into a copper cement product which will sell for 80 or 90% of LME prices
@13m20s
"instead of on in aggurate making 20% of LME copper metal price, we will be making up to 80-90% of LME, 4 to 4.5x increase on return"
@7:20 Jason said it again
"Very quickly, these byproducts credits will dwarf the revenue from the lithium"
As not everyone will sell the warrants, and as the share price was up at 15p recently and warrants weren't being converted in large numbers, and as we have until 2027 for them to clear - I won't worry.
The warrants could quite easily start getting exercised and some sold at 20p but if the share price is trying to re-rate, holders will be reluctant to sell and new buyers will be happy to take them. Remember, at 20p, an existing holder only needs to sell 1 share to exercise 5 warrants. And they will surely not then sell all the warrants.
Once volume returns/arrives with new exchanges, I doubt the warrant sales will have much gravity on the share price
i don't welcome 23 million shares at 4p undercutting me and dumping into any "good news" until 2027. that's bs. maru fundamentals are ****ed due to warrants. i'll sell into any pump from now until the last warrant is gone.
Https://www.lse.co.uk/rns/MARU.PL/update-on-activities-at-larisoro-manganese-mine-51c3bmefvf2w0uj.html
"processing equipment that is anticipated to increase the monthly manganese ore production to up to 10,000t over the next three to six months."
From Jason Brewer, we know that the dry weight ton sales price is around $3.91/t multiplied by grade (~37% minimum) (prices now improved over last few months so expecting this to be well over $4/t now)
Original RNS 1st March
https://www.aquis.eu/stock-exchange/announcements/4495283
"Ore Index 37% Mn FOB Port Elizabeth price which is US$3.91 per dry metric tonne unit (“DMTU”)"
10,000t x 37 x 4 = $2.59m revenue per month
Marula are entitled to 60% so this would be worth up to $1.55m revenue a month (possibly more based n price rises) within the next 3 to 6 months
Profit margin on the above expected to be about 50% based on historical costs of $77/t which new equipment could improve on.
Exit liquidity? I think we will be welcome of that extra liquidity when we find that 75% of the shares are locked away by long term high net worth insiders driving the company forward towards a high dividend paying share. Then new investors will welcome that liquidity