Member Info for Andii

**Sorry, the 17,000 units recently announced will be installed by January but there will be a steady growth in the background so the actual number installed as of today will be something above 111,000.

By january 2025 they should have 128,000 installed plus any others which have been added in the background

Kingsmen, there are some good visual aids of revenue growth on this presentation from the end of July.

https://wp-ondo-2021.s3.eu-west-2.amazonaws.com/media/2024/07/SNAPSHOT-FY-24-Results-for-Website-29.7.24.pdf

The number of leakbots installed march 2023 was 70,000, march 2024 was 95,000. They now have around 128,000 installed (a growth of 33,000 in the space of 6 months vs 25,000 for the whole previous year - and many are at the higher revenue £4/month UK or $5/month US model.

Have a look at page 17 from this august 2023 research report

https://www.bloompoint.co.uk/ondo-insurtech-sponsored-research

COGS = $35 - (Cost of goods sold - the price to manufacture)

See page 7 for the two types of sales, Upfront and Service.

Upfront is the old model with cash paid and a low monthly subscription,

Service is the new US and UK model at £4/$5 a month which brings in more profits but with an initial cost.

what cheek!

in the spirit of community, here is my answer:

https://www.aquis.eu/stock-exchange/announcements/4283871

cash in the bank 31st december 2022 = £100,000

warrant cash generated 1half 2023 = £449,700

cash in the bank 30th june 2023 = £330,000

"a total of 11,242,500 warrants, with a strike price of 4 pence were exercised during the period, which raised £449,700 of gross proceeds through the issue of 11,242,500 new ordinary shares"

warrants exercised 2h 2023 = £587,200

warrants exercised 1h 2024 = £79,000

"on 1 september 2023, 4,567,500 new ordinary shares of 4 pence raising total proceeds of £182,700."

"in addition 350,000 new ordinary shares of 4 pence with proceeds of £14,000."

* 762,500 exercised 13/09/2023 = £30,500

* 1,250,000 exercised 19/09/2023 = £50,000

* 400,000 exercised 03/11/2023 = £16,000

* 3,250,000 exercised 27/11/2023 = £130,000

* 1,125,000 exercised 28/11/2023 = £45,000

* 525,625 exercised 30/11/2023 = £21,025

* 100,000 exercised 30/11/2023 =£4,000

* 750,000 exercised 06/12/2023 = £30,000

* 161,875 exercised 08/12/2023 = £6,475

* 1,437,500 exercised 14/12/2023 = £57,500

2024

* 375,000 exercised 09/01/2024 = £15,000

* 50,000 exercised 10/01/2024 = £2,000

* 162,500 exercised 23/01/2024 = £6,500

* 50,000 exercised 29/01/2024 = £2,000

* 125,000 exercised 27/03/2024 = £5,000

* 412,500 exercised 22/04/2024 = £16,500

* 300,000 exercised 30/04/2024 = £12,000

* 500,000 exercised 10/06/2024 = £20,000

**22,313,000 - warrants outstanding as of 14/06/2024 with an approximate value of £892,520

>>directors salaries for 2023 = £200,000 with some being paid in shares

>>other services, outgoings and acquisitions have been satisfied with shares

>>2023 exploration and development mainly came from the £3.75m cash from *****on / auo for the 100m shares

"conditional allocation of 54,075,518 subscription shares (subject to regulatory approval in south africa) in respect of £2,027,831.93 owed to the subscriber for equipment and expenses related to the projects."

>>in 2024 there is a new £4.75m tranche of shares at 10p per share which the company can issue in return for services and acquisitions.

>>there is also a hire purchase agreement with a plant/machinery supplier

>>we are now also generating revenue and ramping up manganese production from larisoro as of june

>>we are also due to be making £250k-£400k/month free cash flow (profit) from kalifi starting end of september

Dustyslay, here is some reading about dual listings between UK and Oz (from the GGP board as they intend to dual list in 6 months time)

Notes and threads

https://www.ggpchat.co.uk/search.php?keywords=cross+listing

https://www.ggpchat.co.uk/search.php?keywords=tophat

Cross listing

https://www.ggpchat.co.uk/viewtopic.php?t=434

Here is the charles archer blog post again

https://miningaim.co.uk/charles-archer-blog/f/greatland-gold-dissecting-the-deal

These valuations were done when Telfer was operating at break-even (lower capacity) and a lower gold price, just found that interesting to note.

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

Income revenue is almost zero. There was shares issued (I forget exactly the price) 12-15p in 2023 in exchange for a $2.5m (£?) advance for the 2023 failed 2000T lithium delivery.

Then Q comes onboard and £3.75m is allocated for Blesberg development

Further equipment is taken out on hire purchase

The 2024 further Q tranche of 47m shares (£4.7m) is being utilised for aquasitions and part of it has been utilised for working capital.

BOD salaries £200k in total with some of that being taken in shares.

Aquasitions also partly paid in shares.

The Q funding package is unique in its generosity, flexability and co-current support, and has likely advanced Marula by several years compared to operating alone using discount placings.

I don't believe the leak bots are given away for free? The insurer gives them away for free to the household but they pay Ondo an upfront payment as well as £5 a month

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"

And also the collapse of the shipping container market and lithium price.

Without Tomra installed, lithoum sells for $750/t, AISC could be about the same due to no economies of scale and shipping containers costing maybe triple due to none being available?

To me it makes operational sense to stall rather to run at a loss. Different story if lithium was still above $1000/t or if the Tomra had arrived 3 months ago and was ramped up by now

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

My Mrs quite satisfied TYVM =D =D

https://imgur.com/a/YeKAiSF

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?

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? 😂😂

Advantages;

UK small cap markets very undervalued.

UK investors do not understand mining so they are relatively much smaller in terms of market cap so an Australian listing would potentially drag the share pirce up perhaps 200 or 300% which means we would only need 1/3 or 1/4 of the dilution to raise the same amount of capital.

Australian government would look on it more favourably for grant awards

Disadvantages;

A lengthy prospectus is required

Regulatory hurdles need met which can take a year sometimes to achieve

Extra time and cost to meet dual regulatory rules.

Needing to produce reports and RNS's in duplicate

Need to pay for extra exec staff and nomad/broker

The timing of the RNS is not an issue as when an RNS is released after hours in Australia we get it before hours in the UK.

The share prices would roughly tesck each other as shares can be bought from one market (uk) and sold into the other (Aus) or vice versa depending on which market is bullish and which is bearish. There can be times or arbitrage whereby one share is 10% or more higher or lower than the other but it usually corrects before long. Only market makers can profit, unless you happen to be an individual with dual citizenship with shares in both markets and a way to sell Direct Market Access in large volumes. And I'm sure the number of people that applies to is almost zero.

RNS tomorrow?

https://www.linkedin.com/posts/cassiopeiaservicesltd_research-portal-login-dowgate-capital-activity-7236401526615789569-iHnW?utm_source=share&utm_medium=member_ios

✨ Big News from Ondo InsurTech Plc!

We’re thrilled to announce that hashtag#Ondo has secured a major contract with NFU Mutual, one of the top 10 UK insurers! This contract involves the initial deployment of 17,000 hashtag#LeakBots by January 2025, with the potential for a full rollout to over 450,000 customers. 💧🏠

What’s more, Ondo has also been admitted to the prestigious hashtag#IoT hashtag#Insurance Observatory in the US, a leading think tank for applying Internet of Things technology to insurance.🌎

These exciting developments follow their contract win in July with a $2bn US super-regional insurer. Ondo InsurTech Plc is on track for rapid growth in both the UK and US markets, with significant potential to transform the way insurers tackle household water damage claims.

💡 Research note is available for Investors: https://lnkd.in/eTgFqYZn