Member Info for Dee12345

This is what happens when you use AI to do your thinking for you.

So much here has been smelling wrong for so long.

Until the market sees CONSISTENT deliveries, it won't believe a thing.

No Lithium results 18 months later.

Quiet on the Manganese.

Quiet on the Copper.

Quiet on the accounts now?

I've been calling this out for almost 2 years now, and kept getting told Marula is different, and is a shortcut route to production etc...

The only thing it's a shortcut route to is failure.

I have to applaud your ability to somehow link potentially acquiring a REE Project in Burundi with being a strategic advisor helping with marketing/networks (and not technical aspects) with an entirely different company in an entirely different continent dealing with an entirely different mineral to detract from an entirely different point.

It's smart tactic, but entirely irrelevant to the fact that Marula Mining trying to take on a REE Project would be an absolute joke.

Rare Earth Elements are one of the world's most complex and difficult set of minerals to mine and refine.

If the rumours of a REE acquisition are true, then this is beyond joke. Experts struggle, but somehow the "We don't need studies" crowd and the "we can do this easy because we know what's in the ground" CEO will get this working in some shortcut fashion?

https://www.reuters.com/markets/commodities/complexity-transforming-rare-earths-mine-magnet-2023-08-02/

https://oec.world/en/blog/rare-earth-elements

At this stage, if you believe it then you deserve to lose your money here.

I don't know whether you laugh or cry for you guys. Do you honestly believe that J "Del Boy" B will get a REE project going, when he can't manage a simple ore trucking operation?

For those of you who don't know, Antonio is a highly respected and growing interviewer with junior mining companies.

His following isn't huge, but a lot of seasoned industry investors follow him, and he's very selective over who he interviews:

https://youtu.be/C_f0M6T32sE?si=QMXrct8XaiXsZ9C4

Does anyone know what his history was like?

Who he worked with, what he actually achieved, references or comments from people who knew him?

Him being Italian surely makes it difficult, but it would be very interesting to know what his actual peers think of him.

Not invested here, but was a very long time ago so occasionally check in.

Most CEOs have a solid history that's verifiable, but Zamboni just popped up out of nowhere with names like Ass of Fintech lol

I did a write-up on what was discussed:

https://x.com/GungHoStocks/status/1918961399163711987?t=_mAC8ntlXI9K0101A3BbZQ&s=19

Hope it's useful for you guys, and I'm feeling particularly bullish!

"Agreement to Acquire 100% Interest in Kilifi"

There's the title.

It doesn't say:

"Wet Commissioning has been delayed" as the title.

I genuinely hope it works out for you, and I feel bad for the likes of Hoof who seem to be stuck - But I certainly don't want to see any new and naive holders get trapped in here.

And again, you miss the point.

It doesn't take this long to compile 2,667.63 Metres of drilling results. I've seen 60,000 Metre drill campaigns release faster than this. Who are you kidding?

Is Kinusi Mining? Again, 1,000 Tonnes as a sample is a good 40 trucks or so - As Marula RNS even bowel movements, you'd think they'd RNS those trucks?

You see, Marula will RNS anything rampy, and will not RNS anything de-rampy.

You don't see the RNS saying: "This has a setback" "This has been delayed". It's all positive spin.

Everybody knows only 'patches' about Marula Mining, because it's a story on shifting sands. Requires a full time job to keep track.

In fact, if you look back to any RNS from 2023 or 2024, it's probably and RNS that is now no longer accurate. So the point is, what you're saying now?

That will also be no longer accurate. Just give it time.

Yes, Drill results with the CPR:

a. You don't question why one of the most rampy CEO's out there isn't getting his good news out ASAP? Sometimes they RNS the same new twice (Like with the 12th May deadline) - Yet for Drill Results, what can be a project maker, you don't question why they're sitting on it?

b. If they don't require a feasiblity Study, then why did the CEO say they did an internal study to the same standard?

As for your point:

" if you had just bought an existing copper mine, with open pit where you could see the high grade mineralisation at surface"

a. Then why aren't they mining it already? Hasn't it been nearly 2 years since they purchased it?

b. If there's no drilling, and no studies, why isn't this already in production 2 years, or 1 year ago?

You said if you have an existing copper mine, you would look to mine it to self-fund drilling. As ridiculous as that sounds, perhaps you can explain why they're not mining it already then?

Why did you write all of that and ignore:

The CEO said to me that they have done studies equivalent to a full scoping study, but it's all in the RNS' and not packaged up. - This is the key lie to me. Going through every single RNS wouldn't grant me enough information to make even a quarter of a study.

And where are the Blesberg Drill results? I would guess they are absolute shockers, otherwise Marula wouldn't be sitting on them.

Starting with whether it's normal to have drill results delayed for nearly 18 months.

MolireMolendo: "The narrative is actually the same, there are just multiple projects and multiple narratives."

It doesn't matter what evidence anyone puts forth, you probably still won't accept it.

Blesberg narrative changed several times. (What happened to those Ore Sorters the CEO kept talking about?)

- I thought they were ready to do? Until it wasn't.

- I thought it was about Lithium? Until it wasn't.

Funding Narrative has changed

- I thought Billionaires were ready to back this

- Until they weren't.

- What happened to no need to go to the market? Only to go to CMC

Would you like me to continue?

The CEO said to me that they have done studies equivalent to a full scoping study, but it's all in the RNS' and not packaged up. - This is the key lie to me. Going through every single RNS wouldn't grant me enough information to make even a quarter of a study.

And where are the Blesberg Drill results? I would guess they are absolute shockers, otherwise Marula wouldn't be sitting on them.

If you want, we can have the conversation point by point.

Starting with whether it's normal to have drill results delayed for nearly 18 months.

0.1% make it to production...

What's the percentage of those that have skipped vital steps?

And yes, I've invested in something that de-listed. Have had more winners than losers, and certainly know to stay away from constantly changing narratives...

If I was invested, I wouldn't worry about my connections, but I would worry about whether you see other CEOs, Engineers, Geologists that aren't involved speaking highly/positively about the company and their projects.

I'd also consider asking almost any seasoned ASX investor what they think.

I'm not sure if the 'pd' in 'Marcuspd' stands for Marcus Pump and Dump.

You keep calling out my name, and I keep reiterating, I don't need to make fake accounts to criticise. I'll do it off my own accounts. On Telegram in The Hive, on Twitter @GungHoStocks, and on LSE... Under THIS Account.

Any seasoned mining investor will tell you that your CEO is telling porkies, and in our discussions on Telegram, he point blank lied, and told half-truths about many things. There are no independent mining professionals looking at this seriously, and this entire strategy is to go off half-loaded with none of the fundamentals in place.

JB himself said you only do studies to 'raise money'... But he forgot about the studies to tell you what's ACTUALLY in the ground. He doesn't know, because he hasn't drilled anything, and what he has drilled? The market is waiting nearly 18 months to see the results of.

If you want to keep calling my name, I'll keep commenting on this.

They should put a timeframe/disclaimer on the RNS' going forward: "This RNS is only accurate for the next 17 days". "This RNS is subject to change" etc because this entire company is rely on a wing and a prayer from shareholders, based on assets that the world has apparently missed or forgotten about.

So now the plant will be commissioned by 12th May.

Apparently the vendor sold the project for £1,000,000 by the end of this year, plus £54,000 worth of shares.

So they accepted £1,054,000 in consideration, to lose out on a potential $12,700,000 over the course of the next 5 years for their 20%.

That's $2,540,000 per year they should have as pre-tax operating cashflows.

Even off budget, why would they let their 20% go for so cheap? I guess these are questions you get called a troll for asking.

Bukowski, you should stay quiet until Thursday, as I will.

Apparently that's when the End of April deadline comes to an end.

Let's see if they start generating continuous production, a stop-start production, a late production, or some sort of new excuse.

I've already been called a troll etc Hoof,

But some of the things I say are going off things the CEO has said in the past, on Twitter, Telegram, and in interviews.

I remember when I got suckered in for a little while by Allesandro Zamboni from SYME... You know what I did? I watched back his OLD interviews to see whether anything was actioned, or anything makes sense today.

If the answer is yes? Then wonderful. If the answer is no? Then you know something is no good.

Andii, a CPR is the first step towards defining a resource, this is a level below a PFS, DFS and BFS. They're designed to be PUBLIC to instil confidence as it studies the viability of a project INDEPENDENTLY.

If you don't publish the full independent report, then there's literally zero trust deserved.

Andy,

We don't know what sort of feasibility is required to progress the project. We don't know (yet) the precise milestones and timeline requirements. You'd think they would tell shareholders this first.

250,000 or £10,000 basically buys you an option. It doesn't really give you ownership.

If the project is so good, why would the vendors let it go for so cheap? If I have a house worth £1 Million, maybe if i'm desperate I'll sell for half that, but I wouldn't sell it for £20,000, would I?

It's not too early to judge Marula after 2.5 years because JB himself said this is a way to get to production QUICKLY, and WITHOUT the need for long studies etc. You can't now use the timeline for juniors that are using traditional and proven pathways.

Is Kilifi the focus? I mean, CEO has had the time to bring another project on board, no?

I agree, let's see what happens with Kilifi, and in my honest opinion, let's see what the excuse/reason/change in strategy/macro is why it doesn't work out this time.

First it was all about a new way of mining - No need for the old technical reports and steps to building a mine.

It was all about a Billionaire backing meaning no need for dilution. JB apparently 'knew what was in the ground' a Blesberg.

Then they cancelled off-take deals for a 'better' deal. Then they spoke all about stockpiles. Then they mentioned needing to drill. Then they drilled 2,667 metres in December 2023. Then they didn't release results (I can only guess why)...

Then they said they have to wait until the CPR to release results. Then they spoke about easy sales on stockpiles. THen the project went on pause due to 'depressed lithium pricing'.... But then they go and take on yet ANOTHER lithium project.

This buys the CEO another 12 to 18 months worth of excuses for not delivering.

Some people will never learn, but this time next year there will be a new project, another new narrative, and yet another new excuse and timeline.

Genuinely feel bad for the 'punters' who bought in here with little to no knowledge on Junior Mining thinking they were onto a winner here.

@Chuggs Chuggly...

Rent-free, mate.

Somebody messaged me saying you think I'm some sort of alt-profile.

I'm not Bukowski750, and last time it was your mate Marcus_pd accusing me of being Hoof or something other lady or something.

1. I'll criticise and question MARU under my own name.

2. Bukowski, you'll see i questioned JB on Twitter @gunghostocks about a lot of things.

3. Now this is for you, Chuggs.

JORC compliant SAMPLING is NOT A JORC COMPLIANT RESOURCE. Key word: RESOURCE.

All the sampling means is they were taken to standard that that's acceptable, but it's still compliant.

This is the issue with MARU - It's full of obfuscation.

Assays tend to refer to drill intercepts - MARU use them heavily for samples.

JORC/NI-43-101 tend to refer to resource establishment - MARU use it for trenching.

Scoping studies tend to refer to PFS/DFS - MARU use them for internal calculations.

Seriously, when I want to criticise MARU, I'll do it under my own name, and under my own accounts - Be that here, Twitter or Telegram.

I dont use alts, and this isn't the first time I've asked your little gang to stop calling me out.

I guess I need to just keep questioning this obfuscation even more... Like what is the deal with your copper shipments, with no price and only 2 trucks loaded.

Oh, and one last thing: If your copper prospects are so amazing, where are the majors? Not a single major or mid-cap is knocking on the door. Copper prospects sell for millions, and millions and millions.