Member Info for Andii

f9 in late july by all i’m hearing and was with them week before surgery in joburg. will be with *****on on monday and tuesday and going through.

f9 have had slr from uk. do an independent review and assessment of our key projects too as part of their processes.

cpr and some of the findings of those reports will be released during july.

whilst in joburg will also be finalising the appointment of *****on and also a refreshment / strengthening to the board to reflect growth of projects in key areas.

tomra should be movement next week.

Team pushing through now with auditors - and certainly being an auditor is a thankless game - believe me they hate me after the pressure I am putting on them!!

Think UK is one of the toughest places for auditors - pressure from all sides tahst for sure

Shuka annual accounts out, Neo interims due out today and then Marula. Unciron out next month too. Certainy a lot to go through and sometimes mind boggles goign through the notes and questions - but all good and all necessary

So a 7.30pm UK time Zoom call? That work?

To be honest listings have not necessarily been a challenge but our continued progress and activities clearly mean updates - not an issue but nonethelsss the prospectus/listing document requires continued updates - again not a real issue.

Aquis in mean time means we become an even bigger fish in that small pond - maybe even one of the biggest - and we can then move as a much much bigger fish into that bigger pond.

https://imgur.com/a/aYqtWDG

Need to get back to double figures now - honestly didn’t imagine myself having to say that.

Know there will be a number of knocks along the way. But lithium, feldspars seem sorted now and manganese too and once we’ve proven all to you then we can consolidate in that space as well.

The copper is critical for us and we need to push that harder now manganese is there.

Kenya listing wi be well received - certainly on back of what we have now

I ultimately believe a bigger exchange will work for us and the LSE is the obvious one.

I also believe we need to focus on getting this assets operating at full pace and if we are to get the right valuation - which you and I are all looking too - then we need to demonstrate those consistent and steady production rates and cashflows are real and not one offs.

Value will come then.

And perhaps there is a smart way of getting on the exchange too.

Bigger dividends per share price, less costs and time spend chasing london listing.

We still have Nairobi NSE and Johannesburg JSE to look forward to which will both give upwards pressure to the share price due to the large number of local stake holders in those countries.

Anyone who wants to be part of this story can open an alternative account within a few hours.

The Aquis exchange grew faster than Aim over the past year and is starting to gain the interest of pension funds. 6 or more companies on Aquis have market caps over £100m

I do believe this is the aim/plan. Why? Because Marula mining is QGC's first and largest investment in battery minerals in Africa. And they have just been given access to £1billion dollars.

https://waya.media/uaes-f9-capital-qgc-partner-to-invest-us1b-in-producing-green-metals-in-sa/

Beyond the initial 60kt/year 6% lithium spodumene currently ramping up at Blesburg, there is significant upside potential beyond $11b once a lithium carbonate plant is installed.

Marula are aiming to have this in production by the end of H2 2024. Kodal minerals aim to have their carbonate plant producing in 2029.

https://x.com/JB_MiningAfrica/status/1806228601034940596?t=k_ZJbzUKCrZvc197zwCCgA&s=19

First 100m shares in 4 tranches were invested at 3.75p, the market price at the time. Without this investment we could be at 0.7p not 7p.

5th tranche of shares to be invested at 10p as announced in February

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

you are far too simple to understand.

Φ i am still up significantly over my total of 7 years investing and am quite successful in life, but i'll let you make your own opinions

rule number 1 never fall in love with a share. unfortunately you chuggs, marcus fpoovone and the rest of the deluded have gone a step further and fell in love with the ceo.

Φ i would agree with this, and even more so in a bear market. but this share has gone from 2p to 15p quickly and holding on at 7.5p with an average of around 12p is not my definition of falling in love as my position has not dropped anything as much as other losing shares i have followed over the years. i have made that mistake before and this doesn't reach that criteria (yet)

just for fun, take off your rose tinted glasses and try to look at marula as a neutral.

many have and have invested. many more in africa want to. the small cap market doesn't have much liquidity currently with a lot of money having left london .

you got ramped in by jason at 14-15pps. since being in has anything happened when you was told it would. as a neutral how many red flags can you see.

Φ q u i n t o n got ramped too then as he subscribed for 47m more at 10p. he must be very peed off? oh no wait, he keeps updating his website and is in the process of securing $100m investment from saudi arabia to invest in marula second and third stage project developments.

honestly how many, don’t bring up kod or prem how many with marula.

the closest related peers should not be discussed on a stock bulletin board? don't really understand why not?

don’t you think the ceo should be held accountable and answer why he talks rubbish.

yeah, and he holds investor meetings (last one was in may) and regular zoom calls roughly every 2 to 3 months which are an open forum with no questions not addressed.

or shall we have this same conversation in 2-3 months.

sounds good to me! if you disappear, i will know your true intentions...

but but but we have £25 billions worth of material in the ground and we will be getting so much in dividends. didn’t jason say this year

jason has never said £25b. i calculated back of the *** packet at over £40b in-situ value but jason would never announce something like that without jorc's and cpr's to back up his statement.

do you believe him

yes, and so do his team, partners and some other very high net worth individuals who have invested. fujax, qgc, just look at his twitter or linked-in and read through some of the supporting comments and praise he receives from people on the ground - including local government officials.

Let me address your previous post

Where they are located

South Africa - very mining friendly jurisdiction

Kenya - emerging economy with ambitions of growing mining share of gdp from 1% to 10% quickly. Very supportive local government

Other Eastern and Southern African countries which are much safer and score highly on anti corruption and security matrix.

What material they have

High grade manganese with byproducts (b-p still to be announced)

Easy to process lithium with very valuable byproducts. Stockpile enough to support offtake agreement until end of 2026. Huge expansion potential in ground already owned.

Copper and Graphite assets.

How much land they have.

Plenty enough for 10 year mining. Huge upside potential at for example Koridor which is 80x larger than blesgurg

Is there ceo a bit of a liar

Hugely ambitious and optimistic but this is his first mining company tenure as a CEO so maybe his ambitions sometimes don't materialise on time. See my below post about original offtake delays having a knock on effect on every other timeline

Does there ceo miss all there own targets

See above

Is there ceo a bit of a cowboy

This is conjecture. There was a previous directorship where the share price crashed and the CEO was done for fraud, but Jason had already resigned a year before the company collapsed and a court of law found nothing wrong with Jason's conduct.

He has also had the billionaire investor do due dulligence on him and Marula is QGC's largest metals investment to date.

Statements like that I find peculiar from someone invested

Sigh. We go round in circles here don't we. I posted this last week, here it is again:

In december Marula were anticipating offtake signed and sales in January with Mercuria. But they got messed around (put on hold due to relatively small offtake size), so instead chose to go with smaller more agile outfit Fujax.

Regards to the NSE, working capital was discussed as one of the last items needing sorted out. (see series of short videos from february) https://youtu.be/aqzcprmvbb8?si=7zjdyz_xdydxzszx

Then in March we get a new manganese mine - of course this meant having to update prospectus and re-submit documentation again due to change of business. At this same time, the CEO of the Nairobi Stock Exchange changed which likely caused even further delays. And in the mean time, Marula were still growing and expanding to the point where they now have more projects in Kenya lined up for investment (Kilifi is the latest), with another unknown Copper and Graphite mine yet to be announced.

If there were question marks over working capital requirements in february against this backdrop of expansion with zero revenue so far in 2024, is it little wonder that the NSE listing is not getting approved until July when revenue from Larisoro (in Kenya) and Blesburg (in South Africa) fully satisfiy any doubts on the source of working capital.

There was also talk about difficulties of flowing cash between separate countries in Africa, I can't remember the specifics. But we now have two solid sources of revenue on Kenya and South Africa to allow expansion in both.

*******

Just for fun, some stats on : HoofHarted

Last 40 posts. The word liar was used 10 times, the word lies was used 22 times, the word andi was used 17 times.

Here are some recent communications from Jason on the marula telegram group

https://x.com/AndrewMathieso3/status/1805831072116023363?t=1yb9BTSMuFGH8fAI6CLVFQ&s=19

Couldn't handle the low intelligence levels plus spin mixed with misinformed lies about Marula's CEO so decided best just leave you to it.

Tried to do you a favour by highlighting a large value disparity across two peers then it just turned nasty.

I feel I planted the seed which I have appreciated others doing in cross talk on shares I have been in previously so I am quite happy with my moral position.

If it wasn't for a single 1m sell, there would have been 900k buys and 100k sells today. I guess most investors were actually just one investor today!

Https://kodalminerals.com/wp-content/uploads/2024/05/Kodal-Analyst-Presentation-FINAL-PDF.pdf

Kodal minerals own 49% of a 31.9MT lithium resource at 1.06%. This puts the total in-situ value at $3billion

Kodal's AISC is $647/T each tone of SC6 exported

Market cap £125m

Time to first production - 6 months

Https://auoinvestments.com/our-companies/

Marula own 100% of 5.1MT of 6% Li2O + by-products worth more than the lithium

Marula In-situ value including by-products is over $11b

Marula AISC is around $400/T each tone of SC6 exported

Market cap £12m

Time to first production - now

Https://kodalminerals.com/wp-content/uploads/2024/05/Kodal-Analyst-Presentation-FINAL-PDF.pdf

Kodal minerals own 49% of a 31.9MT lithium resource at 1.06%. This puts the total in-situ value at $3billion

Kodal's AISC is $647 to mine each tone of SC6.

Market cap £125m

Time to first production - 6 months

Https://auoinvestments.com/our-companies/

Marula In-situ value including by-products is over $11b

Marula AISC is under $500/t

Market cap £12m

Time to first production - now

#MARU Marula mining

Spreadsheet with all Marula RNS's, outstanding warrants, break down of project ownership

https://drive.google.com/file/d/1fLe2qIQT86J-pfDAYTMMpiLjHJlA_87i/view?usp=sharing

List of RNS's and what has been delivered and what is outstanding

https://docs.google.com/spreadsheets/d/127WA0JqZxczR_0PRIU4Qd8x3_3e93UyPC6_Tw_PeV20/edit?gid=0#gid=0

Short term we are expecting lithium sales: (20th june)

· Initial spodumene sales represent the total planned and scheduled sales for both May and June 2024

· This export sales process and the receipt of sales proceeds is expected to be concluded over the next 2 to 4 weeks

· Arrangements for the transportation and export of this initial 500t

And manganese sales (31st may)

· First deliveries under the Agreement and sales to now commence

· Initial sales tonnage of 2,000t to be completed by no later than 1 July 2024

· Monthly minimum sales of 5,000t and nominal monthly sales of 20,000t to be completed over a further 12 months through to June 2025

Https://auoinvestments.com/our-companies/

Half way down the page:

BLESBERG | LITHIUM

Synopsis

Blesberg is an old Tantalum mine, in which spodumene (lithium mineral) was discarded and placed on the dump.

This equates to immediate spodumene accessibility through a sorting process of the old dump which comprises of 0.35MT of spodumene at 5.6 – 6.1% Li

The immediate value lies in the initial stockpile reclamation with major upside in an already- opened in situ resource of approximately 0.78MT at around 6.0% Li

Since exploration started, Phase 1 (exposed pegmatite) and Phase 2 (pegmatite strike extension) have been completed, comprising of angled 40 diamond NQ drillholes at a total of 2,330m.

LOM 10 years

Resource:

Measured 1.1MT

Inferred 4MT

Mineralisation

Spodumene 6-12%

Li2O 6%

Feldspar 8%

Tantalite 0.04%

So indicated + inferred = 5.1MT at 6% lithium which gives an in-situ value of $5.6billion (based on $1100/T 6% lithium)

By products we know are worth more than the lithium (this was a tantalite mine previously and the lithium was discarded) so total in-situ value of over $11billion just from phase 1 and 2 exploration which only took a few months and cost less than $1.5m. There is still massive areas to be explored and a 70% owned licence next door which is 80x larger than Blesburg.

Here is PREM's Zulu project

Mineral Resource Statement for Zulu Project – 31st January 2024

https://premierafricanminerals.com/zimbabwe/zulu-project

Indicated and inferred resource of 24.75million tonnes at 0.47% Li2O

This = 0.0783x$1100 x 24.7m = $2.127b

The tantalite byproducts at Zulu are a fraction of the grade of Blesburg so lets add 10% for by products brings the in-situ value so $2.3b

So I am getting $11billion for Maru and $2.3billion for Prem but Prem can't process their tantalite yet but Marula can (assays and offtake to be announced shortly)

Marula current market cap is £15m (£25m when new shares and warrants are issued) vs PREM market cap of £35m

In december Marula were anticipating offtake signed and sales in January with Mercuria. But they got messed around (put on hold due to relatively small offtake size), so instead chose to go with smaller more agile outfit Fujax.

Regards to the NSE, working capital was discussed as one of the last items needing sorted out. (see series of short videos from february) https://youtu.be/aqzcprmvbb8?si=7zjdyz_xdydxzszx

Then in March we get a new manganese mine - of course this meant having to update prospectus and re-submit documentation again due to change of business. At this same time, the CEO of the Nairobi Stock Exchange changed which likely caused even further delays. And in the mean time, Marula were still growing and expanding to the point where they now have more projects in Kenya lined up for investment (Kilifi is the latest), with another unknown Copper and Graphite mine yet to be announced.

If there were question marks over working capital requirements in february against this backdrop of expansion with zero revenue so far in 2024, is it little wonder that the NSE listing is not getting approved until July when revenue from Larisoro (in Kenya) and Blesburg (in South Africa) fully satisfiy any doubts on the source of working capital.

There was also talk about difficulties of flowing cash between separate countries in Africa, I can't remember the specifics. But we now have two solid sources of revenue on Kenya and South Africa to allow expansion in both.