Member Info for Andii

£2.2m operating loss is covered by the 2024 equity raise and the £2m warrant sales between september and january.

USA market growing at 380% yoy. As of september, 5% of US customers were bringing in 16% of the recurring revenue. US rollout is accelerating and insurers paying for leakbots upfront so no working capital.

Which analyst report do you refer to when it states

"analyst said he expects Ondo to need funding for global expansion"? Did they mention the aggressive USA growth and the warrant cash? We could have all warrants exercised in the next 8 months bringing in a FURTHER £3-4m on top of those already exercised. No further placings required, Ondo fully funded

Nvidia results out tomorrow. 70%yoy growth expected. Trading at 50x revenue

Ondo revenue currently growing at around 90% yoy (annualised to Q4) and trading at 8x revenue. And that's before the 4x production capacity has been utilised

Sales forecast to double every year plus already break even this year (36 months after Ondo was created). The exciting part is the American market is growing at 380% yoy, and they account for a larger proportion of the revenue due to higher subscription fees and upfront payment.

When you factor in

-manufacturing capacity can be quadrupled from now if required

-Profitable this year

-Only 2 of the top 10 insurers currently on board and haven't accelerated their roll out yet

-Currently 150k registered customers with a near term target of a million, with a potential addressable market I think 37 million homes/users if all major US insurers onboard.

Compared to a traditional UK tech company the market cap is high vs revenue. But the acceleration of growth is phenomenal - I don't think there is another UK small cap tech company growing this fast

If this was listed in the US, the market cap.woild already be £300m or more. Company are targeting a billion £/($?) valuation

The debt isn't due until summer 2026 and will already be reduced by then as they are paying it down using 40% of dividend cash. The debt is then payable over several years..

Fully expecting there to be plenty of free cash flow to cover the loan several times over by the time it is due.

The Ai bot has made over 100% return (doubled the investment). How long a time frame is that over? I believe under 6 months?

That was a great RNS on 24th October. For some reason it doesn't show on the RNS history on LSE

Here it is for anyone not familiar

https://www.londonstockexchange.com/news-article/ONDO/factory-capacity-increased/16734203

Marulas largest shareholder and the one who has been supplying funds to develop projects for the past 18 months Q u i n t o n interview talking about Marula, from 5th December

https://youtu.be/6PvZ2MQSQBc?si=ep240H_rWwowCpFp

Just over half way through February. Number of times these two have mentioned the CEO in posts this month;

Hoof; 45

Ppanchol; 13

There are new investors to Marula and if they are doing DD they might like to hear the opinion of marulas largest shareholders who has been funding the company for the mast 18 months. Of course any new potential investors may just look elsewhere based on your comments here, so thanks for helping destroy sentiment on the eve of self generated revenue across multiple projects

30th September 26.9m

https://www.lse.co.uk/rns/ONDO/vendor-loan-note-restructuring-z3anb7y5ukehpic.html

3rd February 17.8m

https://www.lse.co.uk/rns/ONDO/block-listing-interim-review-4sn2oa90374nhrl.html

Probably only a few million left of the ones which expire 21st March 2025 as there were some big sells on last weeks share price rise.

Q u i n t o n interview talking about Marula, from 5th December

https://youtu.be/6PvZ2MQSQBc?si=ep240H_rWwowCpFp

Just to back up my post from 14th Feb at 10:08 on potential revenue figure of $4m per month from Kalifi at maximum production for manganese;

See tweet from Marula around the same time reminding us that Kalifi production can be increased from 5000T to 20,000T if working double shifts

https://x.com/MarulaPlc/status/1890340406329508316?t=Q2B9dSwxbx0mHhGosbPgSw&s=19

And a little confirmation on price, see this tweet here

https://x.com/JB_MiningAfrica/status/1890390168663683561?t=sX-A0at72If0wTNZSfzrHA&s=19

The calculation is tonnes x DMTU x %

5000T x $5.5DMTU x 37% = $1,017,500 per month

Thanks Hoof and Pp, mocking someone for buying at a higher shar price. Totally classless.

I addressed that and said it was disappointing. But I've listed the reasons for missed targets like 20 times on here, we alm know them so not about to regurgitate. We now have two new manganese projects and have trimmed some unneeded projects from the books.

Operationally, IF Jason makes $10m this year revenue wise that's better and faster progress than 95% of the other junior explorers on the London market and under Jason's tenure, the share price is up 88%. That's a face.

I'm trying to point out to new holders that we are at a what, 20 month low and have more projects more advanced than anytime before.

Setting aside missed targets and over optimism by the CEO on social media, is today's entry price better than it was a year ago? For me, it is a massive yes hence I continue to average down.

5p to buy 100k.

£200k traded, over 4m shares. Finally a bit of volume. I guess to be expected on a day of 3 RNS's.

From 6p to 5p on low volume. Makes you wonder what could happen when revenue RNS's start landing. Won't take much to move the share price up 20-40%

It's been a painful year, 15p to 4p. This quarter so far seems very bullish and this year should be transformational. Wish my average was 5p. Gift for anyone new.

Well done Jason, you have grown something really great here in 2 and a half years. Congratulations.

Shame the share price has only gone up 88% in 3 years but this surely is the bottom now as there are no more 3.75p shares left to spook those who dont understand the company.

How is it a nothing RNS? Contractor assigned, money required, first sales expected this quarter. Followed by RNS stating funds available for that and all the other projects. Jason only got back to the office the other day from the mining conference! This is progress

20m shares is about a 6% dilution to pay for a project with an area 15x the size of Blesberg with a production plant almost finished bext door.

Didn't you listen to yesterday's video? I mean if we had $1.5m in cash lying around it would have been nice to pay for that project in shares, but we only have what, £500k cash today? And we need to develop Kinusi, Kalifi, Larisoro and Blesberg.

Can we just hold onto an agreement to buy the Northern licence indefinitely until the share price increases or we have a few million in the bank? I don't think it works like that. 6p and 6% dilution for that large licence full of tungsten I feel was a good strategic move. Don't forget share price was near 8p when it was first announced

There was an ammendment to the funding agreement in Feb 2024 where there was an additional faciclity for I think 47m shares at 10p. If/when those shares are ever needed (we may be able to self fund growth from.profits before they are needed), 10p is at a premium to today's share price not a discount

https://www.aquis.eu/stock-exchange/announcements/4463334

Darentaylor, this is part of a subscription agreement arranged in janaury 2023 when the share price was 2p so back then it was at a premium.

Today's 13.3m shares is the final installment at 3.75p and are going to a very long term holder so there will be no forward selling.

Here is the jan 2023 RNS

https://www.aquis.eu/stock-exchange/announcements/3949540

"Under the terms of the Investment Agreements, it is proposed that Q Global will subscribe for up to £3.75 million through the issue of up to 100,000,000 new ordinary shares of 0.01 pence each (“Ordinary Share”) in the Company at a price of 3.75 pence per new Ordinary Share through a staged equity investment across five equal tranches of £0.75 million.

Q Global will also provide broad technical, financial and strategic support to the Company as it seeks to accelerate its battery metals focused strategy in Africa and participate directly through the co-development of projects secured and identified by the Company."

Did you read my post around 10am, Marula projects on the eve of sales could net Marula $80m revenue a year based on current plans.

Explain to us how Marula are supposed to progress with zero revemue and first sales fdom.copper not due until middle of march?

Why are you are begrudging them a £500k placing we have known for 24 months would be coming in order to progress each of the projects!

You need money to make money surely!

2nd RNS. £500K of the AUO subscription taken. That's the last of the 3.75p share overhang gone into LTH AUO.

Worth reading today's RNS in conjunction with the last few Kalifi RNS's

https://www.lse.co.uk/rns/MARU.PL/update-on-kilifi-330bppmcdjohb91.html

The original plan was to produce a 20% manganese product, but based on better than expected assay results, they have decided to upgrade the plant to

"confirmed manganese grades of the saleable product of between 37% and 40%."

Using latest manganese prices based on 37% manganese spot price, 5000T a month x 37% x $5.63/DMTU = $1m per month revenue. Marula will be entitled to 80% of that.

The plant is capable of 10,000T a month, but if utilising double shifts we were told;

"· the Company and MMK are currently negotiating additional manganese ore supply agreements and looking at acquiring a number of projects to allow the Kilifi Plant to operate on a double shift basis with the potential to produce between 15,000tpm and 20,000tpm"

https://www.lse.co.uk/rns/MARU.PL/assays-confirm-high-grade-manganese-ore-at-kilifi-ujmbkpkvtqghuo1.html

Kalifi (80% owned)

20,000T a month manganese = $4m a month revenue

Kinusi (75% owned)

2000T a month copper = $2.7m a month revenue

Larisoro (60% owned)

10,000T a month manganese = $2m a month revenue

Blesberg (100% owned)

lithium/tantalum/tungsten

still tbc once Tomra arrives and additional offtake agreements arranged for byproducts