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Marula have been suspended for three consecutive yrs & prior to a change in management, Neo was also previously suspended. The common denominator was JB.

Are you seriously suggesting that a global commodity house like Traxys have a nonchalant, blase attitude when dealing with other companies, that they don't do DD and casually "write off" an investment that doesn't work out?

I never at any stage said about "great assets", although I am assuming that Traxys carried out "due diligence" before they agreed to a deal for the copper at Kinusi.

Semantics. As you rightly state, it's a "lot".

HarChris,

Marula mining must be the only company in the LSE where it has been suspended more days than it actually traded. It is currently suspended because it hasn't posted its accounts for yrs 23/24 & 24/25.  In the recent RNS JB EXPECTS to publish accounts for yr 23/24 by end of Jul, it is highly debatable  whether he meets that deadline?  

It is interesting to note that he made no mention in the RNS of the two mines that are due to go into production this month, it is highly likely that he will miss that deadline also.   Although, according to the Indaba Q & A, JB stated that Marula had "two mines in production & exports starting in Kenya on our manganese, where samples of the stockpile is currently coming in at plus 45%, exports commence at the beginning of next week".  Later in the Q & A, JB states: "we are trucking it down to Mombasa port & its 30K's, so logistically for us compared to our peers, it's a massive advantage". If Kilfi is as simple and straightforward as he states & it is only a matter of loading lorries with manganese from the existing tailings, why has it taken more than 1 year to get it into production?

I remain very dubious whether JB will meet any of the above deadlines, but will no doubt have another excuse ready to explain why it was someone's else's fault.

If Marula had a competent CEO, it has the potential to be a very profitable & successful mining company & would not be in the difficult situation that they currently find themselves in. 

InvestingLexicon,

When I contact Indaba at the start on next month, I will use some of the information that you have supplied. Indaba will never have JB on another presentation, otherwise they will lose all credibility in the mining sector in Africa.

Thankyou.

The Indaba contact details will only take you to their platform. The contact details are:

General Manager: Operations & Sponsorship - stuart@resources4africa.com

What a fiasco.  Is JB planning for a 2 year suspension? I, like the majority of shareholders, expected an RNS to confirm the sign-off of the Marula accounts for yrs 24 & 25.  Instead JB EXPECTS to publish  yr 24 accounts by the end of Jul & even then there is no guarantee that they will be accepted.  Year 25 is to follow? At the Indaba Q & A  @ 4:04 JB states that there are 2 x mines in production (exporting next week).  It will be interesting to see if Marula does actually have any production this month.  

It the above does not happen, I intend to contact the Indaba platform & expose JB for the hypocrite, fraud & lair that he is.

The Indaba contact details are:   joburgindaba.com  &  coalindaba.com

 Indaba Q & A Marula -  HTtps://t.co/YFoIYNzNWw

Ritchie1132,

Having listened to the Q & A again, I stand corrected.

At the Junior Indaba Q & A; JB stated that Kilifi is already producing. Yet in the RNS they state the fol:

The Company expects to commence its first manganese shipment in July 2026.

It merely highlights what a habitual liar he is.

Ritchie1132,

Thank you.

If anyone has a link to the JB interview at Junior Indaba, I would appreciate it if you would make it available on here so that I and others could see it.

Thanking you in advance.

When did he ever speak to his shareholders without lying??????

JB is only a year late on deliveries from Kilifi & Kinusi & it looks as if he has missed the delivery date for Traxys. If he waits another month, he will have to post 2 years accounts (23/24 & 24/25) in order for Maru to be relisted. JB and the BOD should hang their head in shame.

Dcode,

If you check RNS 0435P - 1st Jul 2025 (Delay to the publication of audited accounts for the year ended 31 December 2024) it states that the delay will only be a temporary suspension. It merely highlights just how incompetent JB is; 10 months later he implies that it was partially due to not paying monies due to Aquis, something all companies would deem as routine & certainly not something that they would admit to overlooking.

Unfortunately, the longer the Co is suspended & JB continues to make no headway to rectify the problem, the stronger the likelihood is that the Co will be "struck off". The fact that JB seems incapable of actually delivering production in any of the proposed projects, only makes a bad situation worse.

JB has obviously failed to deliver the promised 5000t of Manganese by the end of Apr. Perhaps I was expecting too much, JB is only 1 year behind schedule. Does anyone seriously believe that he will meet the deadline for the copper delivery by the end of May? Again, that is only 1 year behind schedule. JB has the unique distinction of being CEO of various companies that are suspended more days that they actually trade & it is always someone else's fault. In another couple of months, Marula will be suspended for 1 year. How can any shareholder have any faith in what he says; he is an habitual liar, he has never met 1 deadline that he himself has set & it is always someone else's fault. Marula was suspended for 10 months & JB claims that they were unaware that money was due to the Exchange that they are trading in during that period. When the new board took over at Neo, they ousted JB & his cohorts, they obviously wanted rid of any "dead wood". The SH over in Neo were delighted when he left & the share price got a substantial lift. Perhaps that is what Marula needs, I don't see how anyone could run a Co as inefficiently as JB.

Dcode,

Who does JB blame for posting a totally misleading Stock box interview (see below) in early Feb?????

https://www.youtube.com/watch?v=qRLrUXAwwDk&t=771s&pp=ygUPc3RvY2tib3ggbWFydWxh

In early Feb, JB did a Stock box interview (see below) in which he states around the 12th minute (12:15) that Marula would have the three mines , Kilifi, Kinusi & Tonto all producing, with cash generation & confirmed sales over the course of Feb & into Mar. Obviously that hasn't happened. Knowing JB's history, I have serious reservations when it will eventually happen. I like all current shareholders hope that the delay is only a short one, but I have been disappointed so often in the past that I am certainly not optimistic of a early turnaround.

https://www.youtube.com/results?search_query=stockbox+marula

Andii,

I, along with the majority of Marula shareholders would like clarification on the outstanding issues raised by the CEO of Marula, not a "smoke & mirrors" definition by a CEO of a Co that may or may not be involved with a RTO with Marula.

Andii,

You can play with semantics all you like. If what you say is true, then Campion is as deliberately misleading as JB.

Andii,

The document clearly states that several of Marula's mines are already in production. Campion released it as a production update & not an appraisal on Marula's assets.