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Https://x.com/JB_MiningAfrica/status/1823649090980225398

Jason Brewer

@JB_MiningAfrica

As well as an active Q4 for us, we have a crazy end to Q3 to get through first.

10:13 AM · Aug 14, 2024

Unbelievable deal.

20m shares at 0.75p = £107.5k

680m shares locked up for 12 months @ 1.25p = £8.5m

cash of £7.5m from auo fund.

total shares issued = 700m

total shares after acquisition = 2,130,171,468

total up-front cash and share based acquisition costs are approximately us$0.09 per pound of equivalent uranium resource (when including the 4.17 mozs of by-product gold resources as equivalent uranium resources at prevailing spot prices). yes that's 9 cents per pound of uranium.

the total in situ value of the inferred uranium and gold resources is over us$17 billion based on the prevailing spot uranium and gold prices.

the acquisition of the beisa projects is supported by the company's major shareholder, dubai based auo commercial brokerage llc ('auo'), and director mr. *****on van der burgh.

the company is pleased to confirm that it is negotiating a non-dilutive debt facility with auo and several other parties, that it proposes to utilise to further fund its working capital requirements, accelerate the development of its henkries uranium project and further assist with its growth strategy in south africa.

the company is also advancing other potential complementary uranium mine acquisitions in the region and anticipates being able to make further announcements on this before the end of the current quarter.

Last shares going cheap.

When this starts moving it's going to attract huge buying for the next wave up. Mm's know it and are a bit concerned so trying to keep a lid on it.

this has been a great time to pick up cheap shares while it's consolidating. expect this to move tomorrow.

*****on van de burgh interview next week.

could be timed with the second acquisition.

Yeah 5p..but I expect it to go multiples from there once either production gets going or institutions come onboard. This is the start of a £1b company, imo

Once everything is announced and project finance is in the bag and along with Henkries expansion I see £100m mcap.

Jason Brewer company Marula went from 0.2p to 14p..

NEO will do the same and more, imo

No placing.. But they will probably announce another asset.

No Placing..

Trying to flush out those at 1p lol..

Load up last half hour if you can..only going up.

They got a 3.3m buy.

Will be getting holdings RNS here.

Some institutional buying and Holding RNS's would be welcome.

MM's can't hold it here for long. Buying pressure is too much. They're trying to collect shares but can't get many.

Some explosive tweets, lol

https://x.com/JB_MiningAfrica/status/1823635648839913490

Fill your boots at this price..if you can!

7p target here for 100m Mcap.

News on Henkries for the start of expansion drilling to increase the Uranium from 4.7 to 10MIb with likely upside to +20MIb, as only 10% of the resource has been drilled. Should be announced any day as It's happening in H2 and has been prepped since March.

90MIb of Uranium acquired and 4.2M oz of gold, biggest on the junior market and still a MCap of £14m. Lol

No debt, and funding available via Van De Burgh AUO $1b fund!

This company just got massive.