Member Info for richie1132

Fight, fight ,fight, fight, fight.

lol

Asset valuations don't actually mean that much if you do not actually own the asset.

Funding - which we have received to see us through for the next 6months.

and Regulatory approvals which when we get should see the SP move big time imo

up until then it's just a waiting game.

gla

I'm thinking that we have had all the big news we are going to have for a while (i.e. securing the funding) the next "big news" would be that NEO has received the regulatory approvals which could take a while longer imo. But that would be the game changer here, it's just a pity it's taking so long.

gla

NickyT - according to the last interview JB states that three mines are expected to be producing, delivering and cash generating by the end of March.

kinusi will be delivering product by the end of March, along with Kilifi and Tonto,

It's the copper cathode product at Kinusi that is not expected to start producing until H2 2026.

gla

Now now children.

I'm expecting plenty of news in the coming weeks and then relist sometime in April.

I'm looking forward to hearing about the "Rare Earth" project and the Kinusi Copper deliveries being progresses and then a rerating on relist probably around 6-10p imo.

gla

I'm finding that JB releases information to shareholders/market a bit too early imo.

In stead of words like "Proposed Acquisition" "Marula will issue" "Marula and MMSA will provide" "The Company is in discussions with two parties, including a global commodity trading group and a major steel company, through which it is negotiating aggregate debt funding of US$2.25 million through a prepayment of manganese deliveries"

I personally would prefer to read "HAS Acquired" "Marula HAS issued" "Marula and MMSA HAVE provided" "debt funding of US$2.25 million through a prepayment of manganese deliveries HAS BEEN SECURED"

If news is not fully ready for release why do it ? Just hold back till everything is in place and production has commenced. imo

gla

All sounds like the tide is turning - I'm quite liking the "we are going to do something to reward shareholders" nice.

In JB we trust.

gla

Good to talk just now with

@MarkEJFairbairn

and the

@StockBoxMedia

team on Marula Mining.

Interview set to go out Sunday night.

I did an AI search for Marula news and it came up with following.

"Marula Mining (AQSE: MARU) is restructuring leadership and strengthening its African portfolio in early 2026, appointing Alpheus Nethononda as COO and proposing three new directors. The company is addressing a temporary share suspension, with the annual report expected by February 16, 2026, and is actively expanding in manganese and lithium projects"

I've not seen any information on when the "annual report" is expected to be released so I do not know where AI got that info from anyway hopefully it turns out to be correct.

gla

Could these director moves actually mean that we are getting close to producing and delivering product to market and relisting.

I do hope so.

gla

It seems to me that NEO came out of suspension in December to enable the raise of funding and paying off debt with shares which has now been done. with the delay in the s11 being issued I'm thinking suspension will be a bit longer than 2 weeks. but we now have funding in place now to keep NEO going for at least the next 6 months as was stated in the interview last week. and the funding will help with the finalising of the Annual report imo.

gla

Funding Strategy and Financing Update

.

17th Dec2025

"In early 2025, Bacchus were appointed as the Company's strategic and financial advisor and in this role, were engaged to, amongst other things, work with the Company to secure up to a US$25 million investment, primarily by way of a royalty streaming instrument on the production of uranium and gold, from the Beisa Mine, but also other offtake/equity structures as may be deemed appropriate by the Company and its advisors.

Whilst the Company has since been approached by multiple parties looking to advance funding of this magnitude against the Company's significant gold and uranium resources, which is to be secured upon completion of the conditional acquisition agreements and to secure long-term uranium offtake agreements, the Company will only commit to this once it has completed the ongoing Implementation Assessment on the Beisa Mine, completed the acquisition and is comfortable with its proposed development as well as start up plans and production profile"

To be honest I'm more relaxed after listening to what Sibanye-Stillwater had to say about the pending transaction, It came across to me that they were happy with how the process was progressing and even mentioned that NEO had recently raised funds, it says to me that they are keeping tabs on what is happening. so I'm just going to sit back and wait a bit longer.

(Their Cooke uranium prospect sounds interesting also, with a feasibility study underway and a final investment decision to be made this year)

gla

Thanks for posting the link JF.

the mention to NEO is just after 1h27s in.

gla.

Short term we are supposed to be fast track listing onto the JSE this quarter which I would have thought would be a positive for the SP.

gla

Sorry guys but I still cant believe that Video interview was put out yesterday.

The first I heard of it was people talking on this thread talking of NEO being locked out of the Beisa site.

it took me a few minutes to find the video and then.

it turned out that the s11 was now delayed yet again and not only that they were saying that they will have to have another Raise apart from the one they have just done.

Three price sensitive pieces of information there and I had know idea about this till I watched the interview about half an hour after market open.

NOT good imo

gla

The rollout of South Africa's new digital mining cadastral system as below .

The Beisa Mine is located in the Witwatersrand Basin in the Free State Province which is pencilled in for August start.

I was hoping that they would still be using the old system until the new one is uploaded but it sounds as though they are only using the new list as and when they move to a new province. on a positive note if they keep to the time frame we should have the transfer done by September imo anyway gla.

Key Rollout Timeframe (2025–2026):

October 1, 2025: The "test-run" phase launched in the Western Cape.

Nov 2025 – Early 2026: Continued testing and data migration in the Western Cape (initially targeted for April 2026 in some reports, with pilot activities running in late 2025).

June 2026: Eastern Cape rollout.

August 2026: Free State and Northern Cape.

September 2026: Gauteng and Limpopo.

October 2026: Mpumalanga.

November 2026: KwaZulu-Natal and North West.

Thanks for the reply Andii .

just a case of sit and wait for news I guess.

gla

Andii - What has happened to the "Structured EUR 6 Million Non-Recourse Loan" and the "Negotiations with Middle East Sovereign Wealth Fund-Backed Investment Funds who were going to invest between US$7.5 million and US$10 million for each project have been proposed and accepted by the Company" are they not progressing now?

Nothing has been relayed to shareholders regarding these funding avenues which we were told at the time "Further announcements will be made in due course"

It's a hell of a lot more than 20billion dollars of in situ recourse atm but saying that we have not received the approvals yet.

gla