Marula Mining Share Chat (MARU.PL)

These armchair CEO,s get up my toot.Marula is operating let's say not the best country for infrastructure they have made mistakes like any other company out there.I think the international aspect complicated things and could not pin down the ongoing aspect of accounts.Moved a bit to quick before the paper caught up that's my take.

i dont really understand the jason hating - the bloke works as the ceo for a pittance and yeah he might be a bit optimistic with some timing estimates most often outside his control or events change so timings change. anyways doesnt really matter he is delivering the projects , we have billions in the ground, cashflow coming in and major *****on cash about to drop - get ready for a share price in the three digits

He has to pump Maru because he has over exposed himself and it’s put a strain on his relationship.

Your Jason daddy said accounts wouldn’t be delayed this year and guess what? They were for a 2nd year running.

Can’t put a positive spin on that Andii boy!!!!

Fooking hell Andii, take a break from pumping Maru !

2.5 month suspension is disgraceful

Panch, did you just ask me a probing question acting all serious, then change the subject and start on about the accounts being late? Isn't that a typical spin Dr target?

Hard to have a serious conversation with you two!

Accounts out on Monday!

Accounts completed to be signed off later today resume trading next week , about time.

GLA.

Ha actually said that about 5 weeks ago. Hopefully next week or he is going to run around Kenya naked

Did Jason say we’ll be back to trading this week?

Https://x.com/JB_MiningAfrica/status/1833874161116016910?t=pkB6RiRbrQHaYvcdUdgxDw&s=19

I think I got that wrong?????/____oops

Photos of Coltan vs Garnet from the internet for visual comparison

https://imgur.com/a/AKR9zJd

Tweet from testing performed by Tomra, 2nd september

https://x.com/JB_MiningAfrica/status/1830493633637708156

Set 1 removes Spodumene only with high grade spodumene and quarts displayed

Set 2 removes Coltan and Garnet and leaves a waste product with quite a high quantity of spodumene and other by-products

"In the United States, most domestically produced crude garnet concentrate was priced at about $220 per ton"

"raw coltan ore can be sold at about $100 to $200 per kilogram (kg), which greatly depends on how much tantalum it has got"

Fpoo

Who told you that, Jason? Hahahahaha

Ummmmmmm upgrades for fieldspar

Super

It will definitely re list and with the news that has been released and the news that is due should do well when it finally does.

The problem isn’t the assets the problem is the clown that is running the company.

Sometimes less is more, and if Jason stopped talking rubbish and got on with his job then the SP wouldn’t be less than what it was a year ago.

I cannot think of one thing that Jason has actually achieved when he said he would.

He always blames someone else, instead of taking ownership of his failures.

Will we re list this week or next or maybe next month, I don’t know but I wouldn’t hold my breath.

Thanks for taking the time to give your thoughts Hoof.

So you think its a when not if, the stock relists, thats positive atleast.

Any ideas where and what factors may influence the price at relist, and what it could possibly be?

Again, appreciate any thoughts, very much in the dark here.

If you listen to Andii everything is hunky dory but in reality Jason talks too much and most of it is rubbish.

We was meant to have our first lithium deliveries beginning of last year but even though we have a OT agreement that started May this year we still haven’t managed it. We was meant to have a dual listing last year but that hasn’t happened unless you count the A2X which I think has sold £13.25 worth of shares.

We got suspended last year for late accounts and was promised it wouldn’t happen again and here we are suspended for over 3 months and no one is sure when we will re list as Jason keeps promising it every week but I think he has to have a final final final final meeting with the auditors.

Jason came off the TGs because he is a coward and didn’t want to answer questions on his failures. Jason did say if the accounts were not signed off by last Friday he would run around nairobi naked but he didn’t as that was another lie. But that statement shows what kind of ceo he is because who would say that when you want investors to take you seriously.

Chuggs is still a deluded idiot along with Marcus.

The list goes on and I can’t be bothered to put it all down on here.

But on the plus side Jason really works hard and interacts with investors unless you want answers and then he goes into hiding.

Can anyone give fair appraisal of where this is at? What do we expect to happen?

Appreciate any solid insight.

🥱

Q u i n t o n interview here

https://www.youtube.com/watch?v=-AMLEEHtxVc&t=891s

Marula mentioned from around half way

from dave on telegram (edited slightly)

++++++

if you want the bullish case too - you'll be aware of the f9 fund from neo. the $1bn fund *****on has raised in the middle east to invest in his green metals portfolio. some of which to neo.

https://www.share-talk.com/*****on-van-der-burgh-discusses-neo-energy-metals-marula-mining-accelerated-development-as-fund-finalizes/

https://www.zawya.com/en/economy/africa/uaes-f9-capital-south-africas-qgc-partnership-to-invest-1bln-in-producing-green-metals-tpdy36ob

a while ago the high level planning had c$100m allocated to maru for the various projects and building value add processing plants. not just digging and shipping raw material but getting much more gravy.

those details, like neo are to be announced. *****on said in his interview it had taken longer than expected but was pretty much there so we expect it soon.

that unlocks plants at blesberg for lithium, kinusi for copper, nyori for graphite, larisoro expansion for manganese...

with *****on having interest on both sides (company side and fund side) the anticipation is that this funding will be on very fair and constructive terms. this is unprecedented in current markets, would love to see anything remotely comparable.

on top of that we should see manganese revenues from larisoro that has started. the manganese plant at kilifi should should also see additional revenues from this month, ramping up to 24/7 double shift production. if that isn't enough immediate term revenue... blesberg should see the tomra commissioned and offtake agreements for by products. shed loads of feldspar, coltan, tantalum and others.

many more other positive bits of news we are waiting on but those are pretty exciting.

Https://youtube.com/shorts/A6Fvf1uG_y0?si=HczW481TuVrT8kN_

Here is an extract from a small video message from Jason addressing the audit delay and the extra resource he has thrown at it. I assume earlier in 2024, Jason expected there to be revenue in Q2 2024 which would have simplified the going concern statement considerably.

The total BOD salary for 2023 was £200k and we aren't generating revenue yet but have a lot of progress happening. This is a very low price for a whole executive team. Usually the CEO alone is on more than this.

Marula made next to no revenue but have been making loads of progress. Having limited financial resources for admin and facing a complex audit process must be a total nightmare, considering how much more expensive and in depth audits have become in the last year. (Just see the number of other small cap listed companies who were delayed due to audit delays, it was over a dozen)

2023 BOD salary was known back in february as it was reported in the prospectus, the document we require to get the dual listings away which unfortunately needs updating constantly when new projects are added and the nature of the business changes. (see pages 34/35)

https://marulamining.com/assets/files/qglobal/2_Rule_9_Circular.PDF

Am I mistaken or did Jason say the accounts would not be suspended this year? And then they were 🤣

By any chance is Jason Brewer your Mrs?

My Mrs quite satisfied TYVM =D =D

https://imgur.com/a/YeKAiSF

Well done Andii.

Instead of trying to justify yourself to me justify yourself to your Mrs why you are skint and how Jason isn’t a compulsive liar and you will make a fortune.

Your decisions now own it.

I actually saw two green boxes and as you are the only person on my filter list , I wondered if you were talking to yourself or if you actually had something to say!

It was actually quite easy, I just clicked incognito tab and typed in lse.co.uk and the marula chat link came up and the green boxes revealed themselves. Wish I hadn't bothered now

20 Jun 24 Marula Mining PLC - Update on Blesberg Spodumene Sales

"The Company's South African subsidiary, South African Lithium and Tantalum Mining (Pty) Limited ("SALT") is expecting to finalise agreements for the sales of other by-product minerals including tantalum, feldspar and mica, which are anticipated to commence in Q3 2024

In addition, the Company is pushing ahead with its plans to establish expanded processing facilities to produce a higher value lithium carbonate and/or lithium hydroxide and which it expects to have established later in 2024 at the Blesberg Lithium and Tantalum Mine"

-**We are now 21 days from the end of Q3. Is there any update on "finalise agreements for the sales of other by-product minerals"? Any more details on carbonate/hydroxide plant? By establish, do you mean a plant established or plans established in 2024?

*****

27 Jun 24 Marula Mining PLC - Update on Primary Stock Exchange Listing & Update

"new dual listing in Kenya that the Company is aiming to complete early in H2 2024"

"production and sales of by-product minerals at the Blesberg Lithium and Tantalum Mine are also due to commence in H2 2024 and contribute further to the Company's earnings and mineral production growth"

"in addition, the Company is set to commence mining and processing operations at the Kinusi Copper Mine, which the directors believe will generate positive operating cashflow in H2 2024"

-**Expected timeline for these?

******

28 Jun 24 Marula Mining PLC - Update on Manganese Ore Deliveries and Sales

"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

the majority of the revenue from the sales of the manganese ore under the existing offtake agreements are to be received upon receipt of the initial assay and tonnage reports in Kenya. A final payment will be made upon confirmatory assay and tonnage reports at the destination ports

deliveries of manganese ore from the Larisoro Mine are forecast to increase in H2 2024 as a result of the investment plans by the Company"

-**Has revenue been received? Have deliveries continued despite falling manganese prices? Have deliveries increased? What are the results and progress of "the investment plans by the company" ?

******

19 Jul 24 Marula Mining Plc - Acquisition of Lithium, Tungsten and Tantalum Project Adjoining Blesberg

"on or before 31 July 2024 and 30 September 2024 make two further payments each of £625,000 (ZAR15,000,000) payable at the Company’s election in cash or through the issue of new ordinary shares in the Company at the 30 day VWAP price"

-**Has the first tranche been paid in cash yet? Is there enough AUO funds left from the 47m to pay for both, or will there be a vwap dilution?

Andii

You are a silly sausage, I kind of had a bit of respect for you as all the research you have put into this share.

I thought you had blocked me as you said you was going to.

See we can all bring stuff that have been said on here.

Jason shouldn’t be on the TG but he is, and all the stuff he says on there never happens when he says it will.

He in charge but hasn’t got a clue what’s going on. Final meetings on accounts 2 weeks ago then a final final meeting and what next a final final final meeting.

He has left the TGs because he has got it so wrong again and can’t handle the questions on his failures which makes him a coward. He promised the accounts 2 weeks ago, wrong. On Neo in the interview he said 2 RNS’s by the end of the month 1 finance and the other another mine. Hasn’t happened. Was he lying. Neither has happened so he puts out a nothing RNS regurgitating the same stuff. Then does an interview to try to keep everyone happy.

As for the increase in Neo share price, it’s at the ipo price. Is that good. Did Jason overprice it at ipo because it’s taken a game changing rns to get it back there.

You brought up your Mrs not me. You have to live with that not me. You have overexposed yourself and you have to justify why you have done that and the fact you can’t do anything about it because the ceo has messed up and got maru suspended.

Here’s another one of Jason’s Lapdogs 🙄

Hoof 15th August

"Most companies would have done 200-300% on that RNS but not NEO"

Share price rise over the past 1 month - 250%

Hoof again 15th August

"targets are always unrealistic and if he wasn’t in the TG with all the idiots praising him all the time and just stuck to running the business and putting out RNSs when needed he wouldn’t have lost most investors trust and respect."

2nd September

"Jason coming off the TG shows the coward he is, doesn’t want to answer questions on where it’s all going wrong"

Bit hypocritical! Funny how you seem to argue the opposite side of an argument depending on the day of the week.

Neo down "it should be up!"

Neo up - silence

Neo drops from 300% to 250% up "See, Neo falling!"

JB in telegram "useless CEO should not be in TG!"

JB out of telegram "useless CEO coward left TG!"

Now here I am taking point with your comments about the company and the CEO. None personal attacks apart from calling you a hypocrite but I feel the above does show a level.of hypocrisy.

How long until you mention my Mrs , I wonder? 😂😂

So no accounts, will Jason get them out today or will Jason just prove himself a compulsive liar that a lot of us long time holders know him to be.

Only idiots like chuggs and Marcus still believe in the clown.

Jason needs to answer for his failures but like a coward he has gone into hiding.

Neo is falling, how long until there shareholders get bored of Jason’s BS

Will we get the accounts tomorrow, I doubt it.

Will coco the clown run around Nairobi naked.

Or will it be another one of Jason’s untruths.

He can’t help but talk sxxt but he has gone off the TGs so no one can pull him up on it.

Unbelievable.

The last 10 minutes....good news,very near.

https://www.youtube.com/watch?v=OXE7X8d-7TQ

Got to agree it is dragging on a bit 9 weeks.i know things are happening but shareholders have the right not to have their money frozen over an account delay very extreme for what it is.Just read a report on Aim it's going tits up nobody wants to invest in it anymore to much chicanery and liquidity is drying up.Then the regulator comes up with brilliant idea let's increase costs on the smaller companies that will help

I’m more concerned when it will relist

I would love to know what the relist open price will be. I am sure you would too!

I agree I thought today would be the day.But the company is going at a gallop the last 2RNS were corkers.I think the meeting about relisting has been done so I suppose it's up to the accountants now.Anybody know when next results are out I think it's this month they would want to be up and running by then.

The longer this goes on the more concerning it’s looking

If aims is bad aquis is worse

Hi wish hope you are keeping well

As I said the suspension wouldn’t be lifted by at least September. Let’s hope it is in September and doesn’t go into October.

2 weeks ago Jason said that he was having a final meeting with the auditors and it went well, how well did it go because we are still suspended.

Was that a lie or another brewer failure.

Jason coming off the TG shows the coward he is, doesn’t want to answer questions on where it’s all going wrong. Usually he loves the TG because all the village idiots praise him and worship him like some kind of god and ignore all his failures.

Jason needs to answer questions on how he keeps getting it so wrong but as soon as someone does they are abused by Jason’s merry men and now like a kid Jason has left the group.

Investors invest there hard earned money and should be able to question the people that are in charge and make the decisions especially when they mess up.

This is turning into a comedy show. Could be called “Carry on investing “

Do you think issuing 25m shares (£2.5m) all at 10p, a premium to the current share price of 7.37p for the purchase of Kalifi a few weeks ago was a good move?

Considering Kalifi is scheduled to bring in $500k to $800k FCF a month ($6m to $9.6m a year) starting from end of September. That's an IRR of over 200% and the whole process from deal announcement to revenue is 3 months.

More dilution to come here. The shares in issue have more than doubled over the past year.

Accounts delayed and suspended yet again despite Jason telling his worshippers in the TG group it wouldn’t.

This company is on steroids shame about listing.i reckon 1 st week September only a few more days.

New RNS.

Total feed now up to 20k a month.

This increases yesterday's Free Cash Flow estimate from $250-$400k/month to $500-800k/month (approx as the margins for this new higher grade feedstock aren't known)

Graphite just got political.China restricting export.Wonder who has a graphite mine on hand and ready for quick start if needed.

It's true. If anyone from neo is looking at maru now and wondering wth is going on:

Basically JB and QvdB have been building an absolute monster here with MARU.

This is like godzilla when he's under the water. In situ resources approaching 40B USD. Wait till the funding hits.

World class Lithium, copper, graphite, manganese assets plus byproducts. Half of it is at the surface bursting out of the ground like bloody exhibition quality ore. Not to mention the stockpiles of lithium and dry sorting simplicity at Blesburg with Tomra and Rados. I'll be adding when market opens and holding no matter what. MARU is JBs baby and I think with it's size it will get the lions share of the non dilutive funding.

Believe MARU will be allocated an even greater slice of the AUO fund than even NEO once it relists; food for thought, and both companies with great potential to say the least!

Dividends is a joke lol

Same as what happened with the other listings and the OTs and the accounts and everything else Jason promises. Delays

But dividends by Xmas so all good.

What happened to the main market lisiting?

Https://www.youtube.com/watch?v=-AMLEEHtxVc

Tbh Jason is known to tell a lot of Fibs. I wouldn’t rely on him.

Andii it’s nothing more than an item on his Tax Return….

Hope this is not the same fund for Marula

Q u I n t o n is the chairman and owns 30% of SKA. So actually the value of his investment dropped by around £700k this morning

well well well

aou don't have 500k usd to give shuka.

either *****on hasn't got it or its ok to completely dumpster ska holders investment. what the heck

long term i think both will become part of *****ons bigger picture!

Never say never ,but no can't see a merger happening as think it was discussed a while back.marula will get onto the main market on its own right soon enough it my thinking.

Just putting this out there - and pardon my ignorance if obvious - but given the undoubted synergies (assets proximity, logistics, equipment, board members, market cap) between Marula Mining PLC (MARU) and Neo Energy Metals PLC (NEO) couldn’t they just merge, or a takeover ensue creating a greater cost-effective entity?

Wouldn’t this also facilitate MARU’s main market LSE listing ambitions?

Accounts final sign off meeting later today. Hopefully back listed soon after.

Yes, I think that's why they are going to build one.

Last I heard the plan to dry sort and ship DSO from Blesberg is a non runner? Concentrate plant needed essentially. Not wanted. Needed. This isn't good news.

Very interesting they are so bad that funds are offering Marula £100 million finance ummmmmmmm

Can't quite get my head around that last post! Anyway, moving swiftly on, with a market cap of around £15 million and with revenue soon to be many times that amount, I imagine anyone who knows what they are doing will be adding to their positions when trading resumes!

Yeah meanwhile they are not even bothering to get maru unsuspended. Maru gets a clapped out front loader and scrappy raggedy old projects that didn't move the needle one bit.. No wonder they are not bothered sorting out this suspension or even avoiding it in the first place. The money will flow out of maru when they unsuspend, this is turning into a disgrace.

Hi wish

Glad you are good and enjoying the warm weather.

Accounts will be September, and that’s ok we have waited over 6 weeks so no problem.

I agree this will do well unfortunately Jason acts like a clown when it comes to running businesses.

He will tell you blue is red if it’s what you want to hear and makes you like him.

His targets are always unrealistic and if he wasn’t in the TG with all the idiots praising him all the time and just stuck to running the business and putting out RNSs when needed he wouldn’t have lost most investors trust and respect.

Neo isn’t doing what it should be because of the feelings towards.

What’s another month, hopefully we are not saying that in October.

Hi Hoof, I am well thanks , hope you are too. This weather certainly helps! Sticking my neck out here, I am going for Tuesday next week for the resumption of trading.Still think that on a two year view this is as good a bet as any.As always, time will tell!

Hi wish

How you feeling, I hope you are keeping well.

Hopefully he does sort it out so it doesn’t happen again but we did have that promise last year.

We won’t be relisted this month. With Jason you have to read between the mines. Basically whatever he says ignore it.

The same on Neo, dangled the carrot that there was meant to be another RNS before the one Tuesday but it will come before the end of the month.

What month? Maybe September.

That is what happens when the CEO is in TGs, we wants to please his audience even if it means lying and not taking the blame for his failures

Measures to bolster the companies finance team are to be announced as stated in Jasons recent update along with other measures to ensure this wont happen again!

See if it happens on Wednesday then

Of course it's doable but probably low priority until the s**t hit the fan

But fovone, it is doable as most companies get it done.

Same problem as last year, you know when dodgy Del said it would never happen again.

A leopard never changes its spots. Never truer than describing Jason.

That's the problem regulator altered the rules to forecast company as a going concern and signed off by a competent person of such a high order that it is nearly impossible for companies at this level.There is a severe shortage of accountants that will take on this responsibility and the price is horrendous.There are nearly 30 companies in the same boat and on first of September probably another 20 will be added.Marula is a complicated company and trying to tie down accounts to within £100 or whatever it is is not easy.

I wouldn’t expect the accounts this month, I reckon 2-4 weeks. I know Jason says they are waiting on the final sign off but he also stretches the truth.

What’s happening with the OTs, he keeps giving a timeline to them being delivered then misses his own targets then goes quiet.

Maybe Andii can help with this, he does know everything. Even how to calm his wife down because he has overexposed himself here, well down on his investment and can’t sell because it’s suspended.

Now there is Neo, stinking RNS but only went up to just over 1p and now falling back, why?

Any other company would of had 200-300% on that RNS but not one of Jason’s companies because everyone knows Jason will mess it up, it won’t be straightforward and there will be massive delays.

No one can ask questions in the TG as the usual idiots spit there dummies out and gang up on anyone that doesn’t praise Jason for his failures, and they keep happening.

I understand today???

I'm only saying that as there was a partners sign of last week before another meeting for the actual sign off and lifting of suspension

Today or last Wednesday?

Jason's YouTube video said meetings Wednesday to ok relisting????

Now marus turn surely !!!!

Just listening to Jason very confident on progress he has acknowledged there are problems but these are solvable.One interesting snippet on blesburgh is container transport of the lithium this suggests larger shipments than published????.

CEO updates yesterday

https://youtu.be/yvXYUuMcrDA?si=jXGv1vb-6w-5owXw

*************marulamining01

Not 100% clear. Logistics currently so poor in SA difficult to move anything of bulk by container. Not sure if they can or will move the sc6. Plan is to produce higher value product on site which will be more valuable and less bulky to ship. JV incoming. That and potential sales of byproducts as valuable as the lithium in basic sc6 form

Am I right in understanding that Rados and Tomra will be running but they don't plan to sell DSO at all? The dry sorted ore will be processed in a concentrate plant that they plan to build at Blesberg and then sales will begin of a lithium concentrate.

I see the Muppets suspended more companies on the first of month for same thing.

Its insane our share is suspended with so much going on - when this opens up who knows where the price will be

Yes, good news! The pieces of the Jigsaw are falling into place and very much looking forward to the resumption of trading and all that the rest of the year will bring for Marula and its shareholders.

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)