Oliver Hasler, executive chairman of PYX Resources, presents 1H24 Results. Watch the interview here.
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The tomra is on the move this morning.
The news today is very reassuring, and will assist the P I s to get behind the Co. Tebbin
Tomra dismantled and ready for delivery. £300k shares issued to AUO.
Looking forward to the $1b investment fund allocation RNS (MARU due around $100m)
It will be like the inflation reduction act on steroids
(rocket emoji)
Speaking for myself I am frankly astounded and massively impressed by the speed of the progress in MAru. I wish it wasnt suspended so I could buy bag loads more. I think the speed and relative complexity of some of the transactions - minority interest calculations, acquistion accounting, deferred consideration, intangible an dgoodwill calculations - would be difficult for a large accounts team to get all the various calculations, estimates and disclosures correct - I imagine Maru only have a small team and so it will take time - all wooden dollars though - what is important is that th ebusiness continues well and that is happening
Jason’s own doing.
Constant miss information and missed targets that investors have lost respect and trust in him.
Share price will rise on suspension being lifter because he will come out with his usual spill.
Then unfortunately give it a couple of weeks and it will be the same again.
A leopard never changes its spots.
SKA,NEo,UMR………….cant trade Maru,,,,,,,,,,JB companies might as well be suspended nobody wants to trade them.. What has gone wrong here ?
We applauded this management. Nobody is clapping now…
I think Marula are focused on contracts at moment.The suspension will be lifted when the accountants have supplied proper paperwork.I think this could blow when it's out of suspension a lot of positive things happening here.
On the worried list
Think I'm putting myself other worried list ,even tho nobody else seems to be .
Projects take a back seat when you have no means to trade. We need some comfort from the management for return date.
Blesberg 500T lithium delivery (RNS 20th june)
· This export sales process and the receipt of sales proceeds is expected to be concluded over the next 2 to 4 weeks
· Arrangements for the transportation and export of this initial 500t of spodumene sales has been delayed by the logistical constraints currently being experienced in Southern Africa.
**Jason let us know on the zoom call last day of June that the sales were expected start of July but it appears that the shutdown of trains, ports and extra stress on the road network has led to significant further delays.
+++++++++
Larisoro 1250T Manganese delivery (RNS 28th june)
· delivery of this initial 1,250t of manganese ore is to be made under existing manganese ore offtake agreements and forms part of the Company's previously announced delivery of 2,000t that it had planned to complete by 1 July 2024 and which is now expected to be completed by mid-July 2024
**New logistics manager employed (RNS 8th July)
https://youtu.be/TFOYbB1SHag?si=-k5UF9J4I9GaJLqz
+++++++++
F9 ($100m) funding as communicated during end of june zoom call
· 3rd/4th week July for F9 initial fund release allocated to the company
**Marula will not make an announcement until AUO have so we await news on this
https://waya.media/uaes-f9-capital-qgc-partner-to-invest-us1b-in-producing-green-metals-in-sa/
I think there was a general strike a few weeks ago???
Have a listen to the new logistics manager and you get an appreciation for some of the challenges. Consider also that rail freight and ports have been experiencing massive issues in south Africa then it perhaps explains why we are struggling to secure our first bulk lithium transportation from Blesberg. As per the zoom call, QGC the billionaire partner only managed to deliver one load of coal in June
"south africa logistics delays nationwide. Q u i n t o n had 14 trains of coal down to 1. means backlog of trucks on the roads."
https://youtu.be/TFOYbB1SHag?si=-k5UF9J4I9GaJLqz
Nice one hoof.I think promises were made and broken,that does not make hime a liar.Personally I think logistics has hit the fan and needs sorting out .Not as smooth as Marula thought.????.
He is busy sorting out the accounts that were done 4 weeks ago.
But it’s ok because Jason works super hard and chuggs loves him.
But everyone to scared to question the sxxt show that’s happening with your hard earned money.
Maybe next week but hopefully in the mean time Jason can throw around more shares on more mines that we don’t really know the value of.
How’s our 2 OT deliveries going, you know the one that was meant to start in May or the other one that was meant to be done 2 weeks ago.
I think someone stretches the truth a little which makes them a LIAR.
Depends what the annual accounts say especially about post period events!
But at what share price will this start back at, 10p
Jason did say suspension was to be lifted last week so we must be close(famous last words).
Not out of suspension yet then? Beginning to think this maybe a longer term investment than intended.
Tungsten projects outside of china are becoming increasingly strategically important.
This is an exciting and significant acquisition for Marula and I feel 25p at least would be a more sensible valuation ATM with the projects now held. When all in production and revenue generating then obviously considerably more.AIMHO.
Working image link;
https://postimg.cc/nXLmb196
Marula Mining Plc - Acquisition of Lithium, Tungsten and Tantalum Project Adjoining Blesberg #MARU @MarulaPlc https://www.voxmarkets.co.uk/rns/announcement/4fd1e29b-9348-46b3-b4a3-8c3d8f197148
Area is much larger than Blesburg
https://ibb.co/V9dZ1YC
Should not of said the he said go away