Member Info for richie1132

Ok I got what you meant regarding the Uranium quote . the Uranium comes in at c$8.9b.

total just over $27b

gla

Oh and thanks for the uranium calcs - $76.4 is that Million or Billion?

gla

I used 5 million ounces as that is what it stated in the last RNS anyway it's just over $18b.

but it's a long way off what you stated in your post at 08:03. notice the words "MILLION" :-)

"When NEO suspended the resources in the ground were worth $23, 964 million (Gold and Uranium), today its $29, 081 million"

gla

The combined projects' total SAMREC Code compliant resource base comprises 117 million pounds of U₃O₈ and over 5 million ounces of gold.

the 5 million ounces of gold = c$1.8 Billion at todays price.

I've not done the uranium calcs.

gla

All the research I've done on recovering Helium gas from ground water leads me to conclude that it's pretty straight forward. and they have a bi product of "water" which I believe He1 are going to make available to local industries as agriculture etc .

gla

So that's a £10.000,000 valuation for the Kinusi Copper Mine alone.

Ok cool.

gla

From JB's post on X

EUR6M non-recourse loan in place through our operating subsidiary in Kenya to advance mining and value-addition activities here.

No security provided by Marula or any subsidiaries and totally non-recourse to the group.

Well structured.

Looking like we are starting to see some good progress at Maru ..

also looking as though Maru will be taking on that rare earth project from Rainbow mining or maybe with Rainbow as a JV imo.

gla

OG

I think that I'm coming up to my year anniversary invested in Maru it's been a roller coaster ride for sure :-)

I do feel for the investors that have been here for 2-3 years with all the false dawns that they have experienced.

Fingers crossed that we get some revenue coming in this time.

gla

OG it also states...

"It also plans to invest in new mining and processing equipment, targeting a minimum monthly production of up to 10,000 tonnes of saleable manganese ore over the next three months"

so I guess we see what the next three months bring, hopefully some revenue.

gla

HtTps://thekenyatimes.com/latest-kenya-times-news/london-based-firm-to-acquire-kenyas-bamba-mining-project-for-up-to-ksh-47-billion/

What price would the NEO SP be if Gold hit $5000 just as we started production at the end of next year and we had 3.5b shares in issue.

I would guess 30-40p just on the Gold we have alone.

"Goldman Says Gold Near $5,000 Possible If Fed Standing Damaged"

gla

We are awaiting the approvals from the government.

"Regulatory approval in terms of the Mineral and Petroleum Resources Development Act (MPRDA)

for the transfer of Beatrix 4 shaft (inclusive of the Beisa uranium project) to Neo Energy which is

expected to be finalised by Q4 2025"

Good informative RNS with a 4-6 week push out in the timeline for the publication of the Accounts which if it happens would be earlier than I was anticipating actually. I was expecting publication in November myself.

it's good that they have eventually realised that informing shareholders on a regular basis is a good idea also.

Anyway all looking good imo

gla

HtTps://thevault.exchange/?get_group_doc=245/1733748566-LogoSibanye-StillwaterAnnouncesSaleofBeisaProjecttoNeoEnergyMetalsPLC9Dec2024.pdf

We need all the regulatory approvals and the likes of the Valuation report etc to be released before we relist imo or the share price will just stay around where it was when we were suspended or even reduce further and we are not expecting the approvals till Q4.

"Regulatory approval in terms of the Mineral and Petroleum Resources Development Act (MPRDA)

for the transfer of Beatrix 4 shaft (inclusive of the Beisa uranium project) to Neo Energy which is

expected to be finalised by Q4 2025"

gla

I guess that seeing as the end of the month is on Sunday, a 7am RNS on Monday would not be out of the question, I'd rather have that than an RNS after hours today, usually not good news if we get that imo.

gla

AND COUNTING!!

I guess that "Capital resources" are not as I thought after checking - sorry :-)

"Capital resources are assets that a business uses to manufacture goods and provide services. These assets may include machines, buildings and vehicles"

Also JB did say that he was not going to post as much in the way of day to day information as he was doing so I'm not that worried about no photos etc

as for "running out of cash" if that was the case why would Muyutu Waigi state as below that Marula has "capital resources".

Munyutu Waigi, Director of Bamba Mining Company Limited commented:

"This partnership with Marula Mining marks a transformative moment for Bamba and for the communities we serve in Ganze and Kilifi County. Marula's technical expertise, capital resources, and global networks are the ideal complement to our local strength, licenses, and ambition.

Together, we aim not only to unlock the value of Kenya's manganese resources but also to set new standards for sustainable, inclusive mining that delivers lasting benefits to our people and economy."