The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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
RNS out, trading starts today.
https://www.a2x.co.za/market-data/ page 2 half way down to see volume. First buy already in
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
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
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
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
Https://youtu.be/mJtMaahdL0k?si=X6oyXbpa6OCzIhHZ
(Thanks to el Ferrito on telegram for the below)
AI summariser summary. Hence any errors.
Marula Mining CEO, Jason Brewer, discusses the company’s recent milestones, including a long-term off-take agreement for lithium, plans for the Deloro manganese mine, and the signing of off-take agreements for byproducts.
Highlights
0:09 👉 Marula Mining CEO, Jason Brewer, discusses recent milestones
0:41 👉 Long-term off-take agreement for lithium finalized with FJAX
1:40 👉 Plans for increasing production at Deloro manganese mine
3:07 👉 Long-term off-take agreement for byproducts signed
4:45 👉 High-grade graphite mineralization found at Neori project
6:09 👉 Plans for cash flow generation and expansion in the second quarter
8:36 👉 New project acquisitions and listings on Nairobi and South Africa exchanges
Key Insights
💡 Marula Mining has achieved several major milestones, including securing a long-term off-take agreement for lithium with FJAX and signing off-take agreements for valuable byproducts.
💡 The company is focused on increasing production at the Deloro manganese mine, which has high-grade manganese deposits and is strategically located in Kenya.
💡 Marula Mining has discovered high-grade graphite mineralization at the Neori project, which has the potential to host a medium-scale mine.
💡 The company aims to generate cash flow through sales of lithium and byproducts, while also expanding its operations through new project acquisitions.
💡 Marula Mining plans to list on the main board in London and the exchanges in Nairobi and South Africa, which will further support its growth as a business.
Https://www.lse.co.uk/rns/MARU.PL/manganese-mineral-dealer-trading-license-in-kenya-0o8sgk9obnw5ime.html
Manganese dealer trading license.
Sounds like Marula are not only going to be scaling up their own production volumes, but accepting material from other miners also and selling into the export market.
See screenshot of bloomberg terminal
https://twitter.com/AndrewMathieso3/status/1779879727139897761?t=cHyPglxwrLBpLIsQNmszRw&s=19
Marula mining share price has taken a beating over the past 4 months. Have we found why?
Monecor London ltd showing on Bloomberg as a size seller over the last 9 months. 6m down to 520k shares (as of end of Q1)
They are going through insolvency
Martini girl. I'm not sure if your right about the second placing being forward sold, but there were a lot of very big trades the day before, £150k etc, larger than most Pi's.
Surely something has to happen before the end of June as the auditor will require some guarantee that the company has working capital for the following year in order to sign off the accounts. Another EGM would cover it but they would need to ask for a lot more than a few billion shares as a contingency next time
Presentation being uploaded to the website next week
https://twitter.com/JB_MiningAfrica/status/1779130803370274983?t=IL-9avLXAEerEBxqoatISw&s=19
Updated list of projects, outstanding warrants and a list of all RNS's devided into individual projects. Many thanks to Kev on the very active Marula Investors telegram group. https://mobidrive.com/sharelink/p/3rOAlTRnizcTnUp3YCawr26Ez0b3lxSk3Wd0fb0hDCSj
Zak Mir and Biztech discuss Marula at 12 minutes in this video.
https://youtu.be/fvIQimW6c60?si=D2iarltiv4dWQP6z
Incorrectly identifying marula as an explorer when both Blesburg and the Manganese mine are producing right now although we are still awaiting the first sale. One thing for sure is the share price values us as an explorer.