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Jason Brewer's Marula Mining (MARU.L) is up 50% from the start of last week.
Only just the start of the journey. Lots more to come. Imminent off take agreement for 6.5% spodumene. Copper and graphite revenue planned for this year. Big Brother billion pound company supplying all logistics and mining support for a near 50% stake. South Africa's self made billionaire to become chairman once it moves to AIM next month. To be listed from AQSE to AIM, Nairobi and JSE exxhanges raising no new money. Meaning all three exchanges will be chasing a new free float of shares.
However, you can always stick with Andrew Madoff Bell :-)
wait for their second graphite site nyorinyori graphite project to release assays. near 99.5% purity. it's world class.
blesberg lithium project preliminary assay results demonstrate high-grade lithium contained in the lithium bearing spodumene mineralisation with results including 6.19% li2o, 5.60% li2o and 6.19% li2o. look at the rns today.
kinusi copper mine samples of copper ore mined and azurite and malachite copper mineralisation exposed in shallow pits and shafts reported copper grades of 7.28%, 19.12% and 31.32%.
revenue from lithium, copper and graphite this year. starting with imminent off take agreement from the lithium.
i don't believe *****on van de burgh, south africa's self made billionaire, is taking a near 50% stake in marula mining, through qgc, and coming on board as chairman when the move to aim happens in september, for marula to remain a junior miner.
the first time *****on is going on a board of a listed company.
https://marulamining.com/projects.html
Hold on RNS is out. Oops sorry it's MARU 5th RNS this week again with big yellow machines and pending offtake agreement.
Jason Brewer showing Andrew Bell how a competent CEO runs a junior mining company with grand ambitious for revenue generation in all lithium, copper and graphite projects this year
News out
The new mining equipment includes a JCB 456ZX wheel loader and a JCB JS305
tracked excavator which are in addition to the Kobelco SK380XDLC excavator, a
JCB 3CXbackhoe loader, two new JCB 456ZX wheel loaders, and two new Bell B25E
articulated dump trucks which arrived on site in Q2 2023
· The new equipment will further increase the mining capacity at Blesberg
above the current approx. 1,000 tonnes of material moved daily.
Opps its Marula mining (MARU.L) again today. Not RRR.
Where are AB's big yellow machines ?
marula mining (maru.l) south africa blesbury assert today came back with assays of unprocessed sorted lithium ore at 6.5% li i. its probably the highest grades of any lithium miner.
look what prem has to do to get their 2% ore up to 5%. all that equipment.
backed by qgc's (qwned by south africa's self made billionaire *****on van de burgh, who will becomes chairman once they move from aqse to aim). qgc have sourced the big yellow machines. a off take agreement will be announced within 2 weeks jason and *****on are a different class to ab.
https://www.youtube.com/watch?v=mjchxwphqgo
Payment required in 5 days !!
TIDMRRR
RNS Number : 5293T
Red Rock Resources plc
25 July 2022
Red Rock Resources PLC
("Red Rock" or the "Company")
Issue of Convertible Notes and Warrants
25 July 2022
Red Rock Resources Plc, the natural resource development company with interests gold and base metals, principally in Africa and Australia, announces that it has issued GBP623,000 of Convertible Notes ("Notes") with accompanying Warrants ("Warrants") to high net worth investors.
Red Rock Chairman Andrew Bell states "As the Company pursues the first part of its compensation claims in the Congo, where it has obtained court judgments in its favour and awaits an imminent arbitration ruling, it continues its strategic restructuring for the post-compensation era. The Australian joint venture is being developed into an entirely independent company suitable for listing, and the group is structuring its African operating assets around the gold and battery metals themes, and in such a way that each unit can be sold, developed, or listed separately. Financial assets will consist of working capital supporting the operating assets, investment assets held for sale, and long term royalty and strategic holdings.
This balanced approach means that even though near-term positive financial developments may be anticipated, we continue to manage proactively our short term working capital and our medium term liabilities. Subscribers to this issue of Notes, which was carried out during weak markets at a premium to the market price, included both holders of debt and long term equity investors, and the arrangement fee of 6% was paid in Notes. This pricing reflects the confidence of our investors in Red Rock's prospects."
Further Information
GBP367,000 of subscription for the Notes was new subscriptions, and GBP256,000 was conversion of debt facilities. The Notes are being issued at par and are convertible into Ordinary Shares of GBP0.0001 in Red Rock ("Shares") at a price of 0.6 pence per Share. Each Note has a denomination of GBP1,000 and is thus convertible into 166,666 new Shares in the Company. Conversion may take place at any time within 12 months of issue date.
Each Note holder also receives 83,333 Warrants for each Note subscribed. Each Warrant entitles the holder to subscribe for Shares at any time up to thirty months from the date of issue at a price of 0.8 pence per Share.
The interest rate on the Notes is 12% per annum, payable on maturity.
15 June RNS extract: 'Red Rock Chairman Andrew Bell comments: "Now that we have our environmental clearance, mining can begin on site. We are in a position to start shipping product immediately, and will make announcements as we pass various milestones.'
3 weeks ago now ? There are no immediate sales. They have no machinery onsite,. Check the lead times. Eventually this will turn into another court case
2 weeks ago Bell made the following statement backed by his sidekick Helpful
"We are in a position to start shipping product immediately"
Only to place nearly half a billions shares.
So where are the sales 2 weeks on ?