Member Info for richie1132

The SP will probably float around at these levels until we get some flow rates from these new wells imo gla

A new Video was released today mainly about Marula but he did answer a question about the NEO suspension as well.

https://www.youtube.com/watch?v=ODLuy9mLv-g

Great news on first copper sales agreement.. onward and upwards gla

Well I took a few more shares on the bit of a pull back today seemed rude not too,

I don't usually average up on my holdings but I made an exception today to add to my MARU holding .. gla

A good sign that the vendor chose payment in shares imo

show's that they have confidence that they expect the SP will grow in the future. gla

Https://www.voanews.com/a/us-declares-interest-in-developing-african-mining-sector-/7968007.html

Toffers - I would have thought that also, but it's been over 4 months or even 5 months now that we have been waiting and I think 3 months was toted as the timeline for issue of an ML when HE1 submitted the application. so something has slowed the prosses.

I'm personally not expecting the ML anytime soon.

There is no rush to announce the ML until they have a project that is earning money for them, get the US project earning money and then the Tanzania project can be advanced. imo gla

Have we had the update on the sign off of the "Blesberg - Proposed Lithium Sulphate Plant Joint Venture" yet?

It was supposed to be signed by the end of Q4 2024.

(for JB if he's reading the posts on here)

When we get Spud news the SP could potentially double from where it is now .. so not long to wait now .

imo gla

Https://aln.africa/wp-content/uploads/2025/02/Tanzanias-Mining-Sector-Recent-Developments-and-Opportunities-for-Foreign-Investor-Investing-in-Tanzania-Sector-Insight-ALN-Tanzania-05022025.pdf

Imo they should get all the permissions in place, the funding sorted, and everything ready to go.

Then they should release the final results and lift the suspension and the SP should open at around the 15-20p mark ish gla

Https://x.com/MarulaPLC

JB has posted a "share talk" podcast on the Marulas X page - the bit relating to Marula is after 6-30 minutes in if you do not wish to hear the whole cast .. gla

In fact it was you that posted the info Andii - as below

here is the 10p share agreement rns from feb 2024

https://www.aquis.eu/stock-exchange/announcements/4463334

(“auo” or the “subscriber”, an affiliate of q global incorporated in dubai, which is ultimately controlled and owned by mr. *****on van der burgh), as the new subscriber and a new party to the subscription agreement. in addition, the subscriber has the option to subscribe for up to a further £4.78 million through the issue of 47,800,000 new ordinary shares at a price of 10 pence per new ordinary share. any subscriptions can be made in whole or in part at any time by the subscriber until 31 december 2026.

Conversion even...

Regarding the shares to be allocated to AUO in the future. I'm sure someone posted that they were at a coversion price of 10p.

I was just curious on how these copper grade compare to other mines and I found the following info

This report provides an analysis of various copper mines based on their grade, size, and tonnage. The data is sourced from an infographic by Mining Visuals, which categorizes the mines by company ownership and highlights key metrics.

Key Findings

1. High-Grade Mines

- Katanga (Glencore): The highest grade at 4.04%, with a size of 24.8 billion pounds and 279 million tonnes.

- Kamoa-Kakula (Ivanhoe Mines): Grade of 2.70%, with a significant size of 77.4 billion pounds and 1300 million tonnes.

2. Mid-Grade Mines

- Polkowice-Sieroszowice (KGHM): Grade of 2.53%, with 27.6 billion pounds and 496 million tonnes.

- Mutanda (Glencore): Grade of 1.97%, with 10.8 billion pounds and 249 million tonnes.

3. Low-Grade Mines

- Resolution (Rio Tinto): Grade of 1.49%, with 64.3 billion pounds and 1956 million tonnes.

- Olympic Dam (BHP): Grade of 1.49%, with 57.2 billion pounds and 1740 million tonnes.

4. Very Low-Grade Mines

- Collahuasi (Glencore): Grade of 0.79%, with the largest size of 97.0 billion pounds and 5570 million tonnes.

- El Teniente (Codelco): Grade of 0.73%, with 86.6 billion pounds and 5362 million tonnes.

Thanks for posting the link AliAli.

I for one was unaware of the following statement that was contained in the article

"The transaction makes Sibanye-Stillwater the largest shareholder in Neo Energy Metals with a 40% stake. The platinum and gold miner also has an option to buy outright control of Neo Energy Metals, non-executive chair, Jason Brewer told Miningmx in January"

Fogman "week beginning 10 February" that's next week the next RNS could be a game changer for HE1.

Relax chill out and wait a bit longer imo dyor gla

"Blue Star announced that winter conditions in Colorado have presented ongoing challenges. To ensure continued access to the well sites during cold, snow, and thaw periods, Blue Star has made the decision to gravel the roads leading to the Jackson-31 and Jackson-4 well locations. Road gravelling operations are progressing well despite recent severe winter weather impacting much of the USA.

To avoid anticipated snow and challenging weather conditions in the coming weeks, Blue Star have decided to delay the mobilization of the drilling rig to location. The rig move is now targeted for the week beginning 10 February

Looking on the bright side - At least the trolls will not be able to say there's a placing coming for a while .. gla