Member Info for richie1132

Frogman if you actually read the RNS's that are posted by NEO you would have read the following statement in the 24th March RNS. :-)

"We also recognise the importance of ensuring that all shareholders have appropriate access to information. Accordingly, the Company intends to provide shareholders with structured quarterly updates on progress going forward"

HtTps://www.itv.com/news/2026-04-16/what-a-co2-shortage-in-the-uk-means-for-food-healthcare-and-hospitality

I'm back in today seemed rude not to be actually.

gla

Copper price is on the rise again - all looking good for the Initial deliveries that are scheduled to commence next month to our major shareholder Traxys.

gla

This should move closer to 1p by close imo they certainly want our shares atm.

must be a buy or two order to fill or they know news is iminent.

gla

Veteran You forgot the AGM is due in May. tba

gla

Hoof I'm fairly sure that the "three producing mines by end of Q1" was pushed out to "three/four producing mines by end of Q2"

Ha ha ha ha ha ha and ha

gla

I guess that it's an interesting time to have one of your major shareholders "Traxys North America" as part of the $12 billion U.S. strategic critical minerals stockpile project "Project Vault"

EU and US near critical minerals deal to combat Chinese control.

hTtps://uk.finance.yahoo.com/news/eu-us-near-critical-minerals-091056195.html

gla

I was thinking that myself Hoof to be honest lol

Maybe she deserves a second chance?

we shall see.

gla

I'm keeping my BOOM for the 10p SP mark AliAli ...

It's certainly moving up faster than it went down though considering the volume of shares being traded.. nice.

gla

Well that's the second ex director from Imara Gold (formerly Caracal Gold) that have joined Marula, Mr. Kevin Warrington and Ms Esther Ndeto.

Reading between the lines it's either JB hiring people he knows and trusts or we may be becoming a Gold miner too maybe.

gla

Project Vault is a $12 billion U.S. strategic critical minerals stockpile, announced by President Trump in February 2026, aimed at reducing dependency on China and protecting defense/industrial supply chains. Led by EXIM Bank (with a $10B loan) and private partners, the initiative serves as a market backstop to ensure materials for defense, automotive, and technology sectors.

Key Details of Project Vault:

Purpose: To prevent supply shortages of crucial materials—like rare earths, copper, and gallium—used in military tech, electric cars, and infrastructure.

Funding & Structure: The initiative is financed by a $10 billion loan from the Export-Import Bank of the United States (EXIM) and roughly $2 billion in private capital, creating a public-private partnership.

Partnership Structure: Rather than a simple government agency, it is structured to involve trading companies like Hartree Partners, Traxys North America, and Mercuria Energy Group to manage the procurement.

Market Impact: It is designed to act as a buffer against supply chain shocks, allowing the US government to buy materials when prices are low and release them when supplies are tight, effectively strengthening domestic manufacturing security.

Interesting article regarding Rainbow Rare Earth and our new Kinusi copper offtake partner Traxys.

htTps://uk.finance.yahoo.com/news/rainbow-rare-earths-11-1m-053003410.html

"Having somebody like Traxys on board, which is a partner to Project Vault — a $12 billion strategic fund set up by the US government — is very significant"

gla

There is usually a couple of reasons why people are forced to sell shares at low prices at this time of year and that is to cover a Tax bill or generate a Tax loss . nothing unusual imo.

gla

SheikSaud you would have thought that it would be "once bitten twice shy" but they are willing to take all of Kinusi Copper production for the next 3.5 to 5.5 years, but I guess that this time it will be a letter of credit of up to US$8,000,000 to be drawn on as was conveyed in the March 9th RNS.

They must have done their DD and be convinced that this time it will be different and they would get what they were expecting to get from the contract which in my eyes is a massive vote of confidence in MARU.

gla

OK thanks for the answer Andii.

gla

JB posting on X - does that actually read Traxys is a major shareholder of MARU?

"One of Marula Mining's major shareholders, Traxys, demonstrating their ongoing support through the exclusive purchase contract entered into over copper production through to December 2029 and an option to extend by a further 2 years to December 2031"

htTps://x.com/JB_MiningAfrica

gla

MM hopefully we get the rare earth project that JB has been on about under our belt first and maybe a take off agreement to boot with errrrr Traxys possibly.

gla

I did an AI comparison between NEO and KEFI who have just secured USD340 million for development of their gold Tulu Kapi mine in Ethiopia just for fun and I was surprised that as I went through the different scenarios of production etc the deciding factor was the future predicted price rise of the Uranium.

even if the Gold price were to tank for both companies the predicted future price rise of the Uranium for NEO would increase their free cash flow.

As I said it was just for fun but interesting non the less imo.

gla

Warren I feel your pain - hopefully you kept averaging down.

I've just looked back at my paper work and my first buy of MARU shares was in November 2024 @ 4.5p.

gla

Nice RNS re Kinusi Copper Purchase Contract with Traxys.

JB has stated that on a previous RNS that -

"The Company is targeting production from the Kilifi Manganese Operations, the Tonto Tshipi Manganese Operations and the Kinusi Copper Mine. The directors of the Company believe that necessary funding to achieve the budgeted costs to achieve steady state and continuous operations and concentrate deliveries from the Kilifi Manganese Operations and Kinusi Copper Mine is in place"

Could MARU finally be coming good for the shareholders.

I do hope so :-)

gla