Member Info for Andii

Here is a probing interview with Jason Brewer where he addresses past mistakes and learnings

https://youtu.be/-z9aOSZdZhM?si=bjhJzMQTUiOZptNZ

He also stated the aim to have 4 producing mines by end of 2024 but it didn't materialise, over ambitious, poorly informed or maybe the initial copper revenue has taken months longer than hoped. Also we were more recently told that Kilifi Manganese offtake took longer than expected due to negotiating with such a large partner, Baosteel. Revenue being months delayed has likely led to these subsequent subscriptions, but it was all pre arranged and known about. RNS to clarify the AUO situation and future funding structure due next week I believe.

Sorry for rambling post. Had a few late nights last few days. I would suggest DYOR but that would take the average person a month at least now with the amount of RNS's and interviews and evolving situation narrative being played out! Thrilling and nerve racking in equal measures!!

Gla

Https://www.youtube.com/watch?v=8Gd-Uc_IJGE

Hoof. Just catching up on the chat. Was at my best friends funeral (age 42) do have had quite an emotional day

If you open an IG trading account, for me the commission is £3 per trade and you get a live quote before purchasing.

If you want to place a larger trade, you can phone them up and they will place the trade for you and get a better price than the live quote.

IG will also let you trade in US stocks and shares. They are one of the best brokers and have one of the widest selection of worldwide and small cap companies available to invest in. The account can usually be set up in a few hours.

If the share price starts to rocket, beware that you only have £3k worth of capital gains allowance so it would be wise to open an ISA. You can have an ISA open with multiple brokers at the same time so long as you don't go over £20k initial investment across them all.

I like their 900p price target scenario...

He has been tagged twice in the telegram and the conversation has been about nothing else since Jason's last messages around 9am. There is even a poll as to whether Jason will answer. Currently 33:67 with 30 votes

I believe he said yesterday in the interview he is travelling to Larisoro today?

Definitive date range*^

The positive I can see is there are 41m shares of the 3.75p share tranche not yet allocated which we might never need. That potentially reduces share dilution by 10 to 15%.

We are developing 3 mines concurrently and haven't yet received any meaningful revenue. The fact that this approval arrived "far far quicker" than Marula anticipated is supely a positive? Means a Blesberg regulatory hurdle has been achieved ahead of schedule.

We also have a diminutive date range for both the CPR and JORC in an RNS. As to the additional 1273 samples, I guess these are additional to drill assay samples.

Some questions for the next zoom call

I told you I sold 55k in February to cover life expenses (a total of £2500)

Because I post here, am I bound by duty to never sell a single share????? You've lambasted me on this since I disclosed I sold £2500 worth at the request of a poster who complained that nobody ever admits to when they sell any shares. Now I'm in some sort of insider trading club? Give it a rest please

I have rebought over £5k worth in March and will buy some more next payday 15th April

If there are shares to churn through, they aren't coming from today's issued shares as they are being firmly held by AUO in anticipation of the dividends =)

I'm going to call it being dynamic

"this environemntal authorisation has come far far quicker than anticipated"

From the RNS seems like there is a "deadline"

"The Environmental Authorisation will be issued upon the Company (i) depositing a ZAR11,860,902 (approx. £510,000) cash guarantee with the DMRE as a financial provision for environmental rehabilitation as set out under the Environmental Management Act (Act 107 of 1998) which is required by 31 March 2025."

Today's 13m shares issued for expansion of the mining rights and environmental permits comes from the remaining 54m allocated but unissued AUO shares àt 3.75p. I personally thought those 54m shares had already been used up with money issued to Marula but appears not. So there is still approx 41m 3.75p shares remaining. (£1.5m) Hopefully we don't need them, and hopefully we can keep the share count as low as possible...

From JB on the Marula telegram this AM

Jason Brewer:

Yes and this environemntal authorisation has come far far quicker than anticipated and we are required to deposit funds with DMRE to secure the Mining Right for a 10 year operation at Blesberg and one that includes the higher value mienrals that have been identified. 100% of that money goes straight to the DMRE rehabilitation accoutn with ABSA.

This unlocks: mining can extend beyond the 5ha mining permit to over the full 1,000ha mining right, appointment of mining contractor for the 10 year mining plan, JV with Chinese, additional higher value mineral resources, and importantly finalsiation and release of the JORC and CPR

The previous allocated but unissued shares that was referred to in an earlier RNS are utilised

Jason Brewer:

Correct - only 100M limit on the 3.75M of funding - we have not issued all of these. And to be frank we are only using this now as we had to for the ZAR12M rehabilitation provision.

As advised we will not be looking to utilise for furter activities given the copper and manganese sales revenues

Strange time to do a placing before drill results and before results of bulk testing are announced? That would be counter productive. Maybe the Asians know this also

Kilifi should be worth 14p alone. Kinusi much more valuable. CEO comments made in video earlier

https://youtu.be/bVQniTsP6n0?si=OLCVSfWIRsBNOhiv

These are nothing compared to what Kinusi copper mine is capable of even with just phase 1 complete

Hoof I sincerely apologise for my parasitic behaviour. Believe me I did not want to sell any shares but was unexpextantly made redundant mid December so had to sell a few shares mid february. I rebought all those shares and more when my first wage checks from new contract hit the bank in march.

Someone was complaining the other day that nobody ever admits when they sell, only when they buy. So i offered up the time i had to sell a few (55k shars to be precise, a whole £2500) and was just lucky we were between 5 and 6p at the time thanks to a spike

Oh and rebought the same and more in the 4-5p range

I sold about 10% of my holding at 6.2p last rise a month or two ago.

Not selling this time although I will be withdrawing some of the available funds from my spreadbet once it gets above around 7p

I don't see it falling back too much with $1m minimum profit per month due by around may. That puts us into major re-rate territory

Nice big trade at the end, £170k buy

This is for the device only. No free plumber service.

Could it be that they have started a second production line and in order to run it at 100%, they need to sell a few leakbots at cost price until the insurance company orders ramp up sufficiently? This is only available until the end of March and only in the UK.