Member Info for Stubby56

I will give them until close of play tomorrow and then will be emailing Theo. It's beyond time that he got his head out of the mine shaft and fronted up to shareholders.

The company changed names nearly 2 years ago, so this narrative about being complex is just a smoke screen for something else and some honesty is now long overdue.

That is indeed one of the big problems for the future, why would you invest in a JB company knowing that his corporate administration work is lacking and he has failed to provide shareholder returns for any of the entities he is involved with. Mind you Theo has not exactly covered himself in glory either, not heard a peep out of him and I remain to be convinced this was a good appointment.

However I don't believe this is a scam or that he's done a runner, there is not a shred of evidence to suggest this. My own view is that he's spinning far too many plates and that he has been overwhelmed by the sheer size of the NEO transactions, without having a proper team to digest them. That and the financing are the problems in my mind, which is why we have had no end of delays. The approval wait most likely delay any offtake agreements, we have no update on the situation with Auo and therefore we are possibly quite short on cash.

I understand people are worried, that's only natural when your money is tied up and there are no full and frank updates from the company. I have been here possibly longer than most, having invested last summer when the share price was on the floor and no one was interested in it. My reassurance is that Sibanye has not said anything negative about the deal and why would all these advisers be appointed and happy to take shares as payment if it was all an elaborate story.

For the avoidance of doubt I'm not JB nor a friend or family or a ramper. I'm just an ordinary investor trying to make sense of all this.

Not sure most people who do a runner would end up in Kenya. Though in fairness Kenyans are very good runners.

The RNS said the board 'currently anticipates', so that kind of covers them for not being published in August. In the grand scheme of things, a couple of weeks doesn't make much difference given how long we've been suspended.

I guess the audit partner has been on a beach somewhere!

It doesn't take this long to audit company accounts, it's not as if there is any revenue to check. They're holding it back for other reasons, most likely financing.

Good luck with that!

In the meantime let's see if anything happens by tomorrow close. I have no doubt this is all being held back to release other news as there is no way an audit of a company with no turnover should take this long.

Had a quick scan through their results and couldn't find any mention of the NEO deal, though it is small change to them.

We should find out some information by Thursday, that's when Sibanye deliver their interim results. I would be surprised if there is no update within that regarding the NEO transaction.

Thanks Richie.

Anyone here with company secretarial experience? Just trying to understand why Companies House would have an active proposal for strike off against Marula but not us and our accounts are more overdue.

Difficult to say but since shares have been recently issued at 0.50 and 0.75, I'm thinking it will be somewhere within that range. However we know so little about what's going on that it's really like playing darts blindfolded at predicting a price.

My own view is that the accounts are a bit of a sideshow, I'm more interested in what is happening with the financing (including the QvdB situation), the approvals and a comprehensive roadmap to production.

Given the backdrop to Gold and Uranium you would think we should be in a very good position, it will be interesting to read the valuation reports when they are released too. Sibanye also release results at the end of the month so I'll be looking out for any guidance from their side.

Rubbish lse rules. Try directors talk interviews!

its from *************interviews

short interview out:

https://www.***************************/firering-strategic-minerals-secures-new-funding-to-supercharge-limeco-production-push-video/4121209990

Copy and paste from JB on X:

Looking forward to being in London to attend the Caracal Gold AGM and to also have other meetings on both Marula Mining and Neo Energy with shareholders and key stakeholders.

Yes it's one big happy family!

If they don't settle by the 31st, they also have 21 days to remedy the breach. But considering our CEO is also CEO at Limeco, you wouldn't of thought it should come to that.

Given the radio silence from the board, could something else be afoot. Could they be updating the SPA to extend the instalment dates or even be looking to take a larger percentage of the project.

It was an odd choice of words by the CEO on the release of the final results 'As we look ahead, we do so with renewed strategic clarity...' What does that mean, it's either PR fluff or a big change coming. Or perhaps I'm overthinking it, trying to come up with something good!!

The asset valuation will most likely be released after the accounts. Sibanye are openly saying they expect to complete the transaction next year, perhaps that's a long stop date given the time it takes for the approvals to come through.

Yes, no update on the funding or what's happening with Q and his shareholding. I now half expect CMC will have suddenly found that clients want more shares at 0.5p and that the company is only too happy to oblige with a raise.

Not in the short term I don't think. But Botoulas turns 64 soon so will probably not hang around for too long, though with Sibanye holding 40% they have a big say in things.

Yes, finally a comprehensive update. The issue of shares at 0.5 when two months ago were issued at 0.75 is not great and the warrant price is ridiculous. It's also a little curious that there is no comment from our new CEO on this, maybe I'm reading too much into it but it would have been a perfect time to set his stall out.