Member Info for Andii

Direct quote from someone on telegram who was at the evening fireside chat Wednesday night. This person who has been highly critical of Marula too.

"Just left after having a 45 min chat with JB. I must admit I was expecting to leave deflated but things certainly are heading in the right direction and exciting news to come. He has said NSE by November LATEST"

Dummy buy quotes on IG.com

7.24p for 8k shares, 7.3p for 10k 7.31 for 100k, 7.59p for 500k, 7.8p for 800k, 7.94p for 1m, 8.6p for 2m

You will remember this from 26th

September https://x.com/MarkEJFairbairn/status/1839323784190533867

1minute10 - lists reasons for being unable to get the NSE dual listing complete yet

1minute30 - "I've had the shackles put on me so no more acquisitions in the short term until this is done"

Then today, boom! New project in production this year not yet announced. To be announced once the shackles are off =D =D

9minutes 10seconds

"Want to have 4 to 5 projects producing this year

Two manganese, Blesberg (lithium/tantilum), Kinusi (high grade copper)

9minutes 20seconds;

Another project being looked at, one of the highest grade projects in that given commodity (Jason doesn't say what type of metal) to be acquired in the next few months.

Going back to a previous recsnt interview, Jason indicated that there will be no more aquasitions until the Nairobi Stock Exchange listing happens so the logical progression here would be NSE listing this month then new project next month and into December.

Here was one of the statements fed back in the chat;

"Main takeaway for me is Jason is targeting $50-100M (I assume dollars) from each project, and 5 projects in 2025 (i assume financial year rather than calendar year?) with a profit margin of 21-32% from each one."

Your Hoofness, there is not much volume so and I haven't seen this move over 10% in an afternoon so the smart thing, and I would be doing this if I wasn't such a stall wart on my favourite share, I would set a price alert for 7.75p and RNS email alerts and just get on with life. Missing out on a 5% rise isn't the end of the world if fully onboard for the 1000% rise.

Wow, what bullish feedback in the telegram groups.

Sounds like it's ON

Think he said he is buying a million or more (someone else asked him and it was discussed a while back)

Not sure what Richard the chairman is buying

Adding up all the 100k sells and including 2x 250k sells, the total from.17th September to now is 2.5m shares

As the daily volume can vary from 200k to 2m, I'm not sure if a 1m buy will have a lasting upward effect on the share price.

The positive sentiment of two directors buying on the open market however may increase daily average volume enough to flush the seller out for good.

Think he said he is buying a million or more (someone else asked him and it was discussed a while back)

Not sure what Richard the chairman is buying

Please explain what part of my message you don't understand.

"What transfer"?

I assume you are asking about the GMI 2,253,750m transfer?

How I know about the transfer? As explained, it's on Bloomberg terminal. It's a highly priced subscription that gives a three monthly update/snapshot of the large shareholders on the shareholder register of listed companies.

Why the transfer? To move shares to south africa to facilitate trading in A2X and JSE stock exchanges by first building an existing shareholder base. The shares are held by broker "Anchor Securities". The AJ Bell of south africa (as an example)

How we know this? The question was asked directly by someone on telegram and the copy of an email from Jason to the advisor was obtained which really outlines the transfer, the reason and a closing statement that this does not require reporting as the shares are still directly owned by GMI, albeit part of the share holding (2.253m out of 15m total) is now held by a south african broker.

Stick in at school please

From one of the Marula telegram boards today, we have been discussing something which was highlighted by a poster with access to Bloomberg terminal.

The quarterly share holder information list showed two interesting aspects.

No. 1, a new share holder with 7.7m shares which appears to be the 20% share holder of Kilifi, Abhishek Agarwal. He is down as a new share holder in the quarter.

RNS's of 11th July and 5th of August announce 2x 5m shares were awarded.

There was another oddity picked up, GMI sold 2,253,750 shares in the quarter. GMI is the african investment company under which Jason holds his shareholding.

https://marulamining.com/assets/files/2024/shareholder_info/marula_shareholder_information_July_2024.pdf

This was initially a concern. Had the CEO been selling? Evidently not. GMI has been transferring a number of shares to Anchor Securities Stockbrokers Pty, a south african stock broker account. This is a move to increase the south african share register in order to encourage and progress the dual listings on the A2X and Johannesburg stock exchanges. Makes sense, with so many stake holders and management/employees in Africa, they will be encouraged to invest if their colleagues/peers/management have their share holdings listed on the local exchange.

So I just wonder if / how these share trades appeared on the daily share trade list. Has there been large sells showing up which were actually transfers? I'm assuming this is totally unrelated to the persistant 100k seller we see as this does noticebly affect the bid and ask during the day

Just bringing the most recent media content from the CEO to the top here due to high frequency of non company related posts

I time stamped the video for later on you so you could DYOR and I could save you time as you only managed 5 minutes. From.the time stamp and the short video I posted, you can get every piece of info I posted along with an idea of when. This will.take you a about 6 minutes. Here they are again;

The exciting parts are in this short 2 minute clip

https://youtu.be/-z9aOSZdZhM?si=wo5ItcJE9pUDkOEd

The operational update on various projects comes at 52:14

https://www.youtube.com/watch?v=-z9aOSZdZhM

I posted that list in a hurry from my phone, immediately after watching the one hour video. Notice the italic à at the start, casued by my haste.

You actually believed that i was implying there were 7 separate RNS's due out on all those individual aspects on the business within a week did you? Are you on the wind up or do you have trouble with taking things too literally? Short attention span, an obsession with clowns and other people's girlfriends. I'm beginning to worry about you

When I said "a number of announcements this week", I didn't then list all.the announcements due this week. I simply stated the talking points covered and news due soon, supplying approximate dates where given

Thought that was clear with the separate inclusions of statements like;

"happen by end of october"

"October and online November"

"By end of 2024"

Https://x.com/JB_MiningAfrica/status/1841083027239178566?t=em2P5iws53ql9eIT4j6h8w&s=35

JB an Richard can now buy shares open market as no longer in a closed period

Payday is on the 10th. I will let you know when I make my £4k purchase

I've bought at 7.5p all the way to 14p

Majority holding is at an average price of 9.11p seen as you are so interested in my wellbeing 🥰❤️☀️

The exciting parts are in this short 2 minute clip

https://youtu.be/-z9aOSZdZhM?si=wo5ItcJE9pUDkOEd

The operational update on various projects comes at 52:14

https://www.youtube.com/watch?v=-z9aOSZdZhM

32:50 is where Jason addresses past mistakes (working under Peter Landau 10 years ago)

Hoof would you please try and be a bit more polite please. Any time you challenge" me (as diplomatic a term as possible) I always provide the information freely. Your personal comments are not welcome, can you please refrain from making them in future?

Mentions tungsten and tantilum processing options being progressed at Blesberg in October.

"Following the Company’s technical and financial due diligence work which has confirmed the potential high-grade nature of the tungsten and tantalum mineralisation at the NCLT Project, the Directors believe there is the opportunity to advance plans to recommence mining of tungsten at Kalbeen and Isis and complete new exploration and mine development of the nearby Koubank, Kalbeen West and Armbank tungsten deposits as well as tantalum and spodumene exploration and mine development at Spodumene Kop II and at the Groendoorn Pegmatites"

https://www.aquis.eu/stock-exchange/announcements/4715835

À number of announcements due this week.

Blesberg JV to be announced very soon

Expansion work happening in the northern cape (tungsten project north of Blesberg). Tungsten and tantilum to be processed, work starts in October.

Mining licence to be announced in October

Kilifi first product arriving next week and first sales to happen by end of October

Larisoro new processing equipment to be delivered in October and online November

Kinusi new mining equipment being delivered and stockpiles being built ready to be processed

Graphite - plans in place to upgrade DSO to more valuable large and jumbo Graphite product

Rare earth project- existing one will most likely be dropped. Looking at a new project which is much more advanced

Cobalt project- world class with 8 to 15% Cobalt and 3 to 5oz gold per tonne

Aiming for 3 to 5 projects in production by the end of 2024