The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I suppose it gives chance for word to spread over the long weekend ready to start buying Tuesday, expecting a busy board these next few days.
Shareholders have waited nearly 1 year for this news, which is staggeringly good, but they release it after hours ahead of a Bank Holiday weekend - surely it could have waited until Tuesday.
The warrants got extended by another year.
That's the estimated value of the stuff in the ground. There's a long way to go before any of it is extracted and sold. It'll be interesting to see how the market reacts next week.
Shuka has estimated a valuation of US$1.98 billion based on current London Metal Exchange prices, and where preliminary economic analyses has estimated pre-tax cashflow of US$1.84 billion, NPV10 US$0.56 billion and an IRR of 112% based on the development of two of the five existing non-JORC compliant historical resources. This valuation will be modified by further drilling, analyses and detailed test work. In addition to confirm possible cash flow a detailed mining plan will be required. However, as the project is based on brownfield resources this clarification will have the advantage of data that may be brought to JORC standards.
Experience on this share tells us Sausage that no news is rarely good news...there's still an ounce of hope in me, but it feels like groundhog day....again. GLA
"prospects at Rukwa, where operations have remained challenging, with limited coal production. The operations have been on hold recently due to the rainy season. While local mining staff were on annual leave during this period, they return to the mine this week to prepare for a new production cycle. Demand in regional markets continues to appear robust. Following resumption of normal activities, the Company will review its targeted production rates and provide further updates as appropriate"
Updates on
1) New production cycle.
2) Demand in regional markets.
3) Resumption of normal activities.
4) Targeted production rates.
"In addition, the Board is continuing to review potential acquisitions of additional advanced mining and mine development projects located in Africa, including one such opportunity which is being actively progressed and meets the Company's key acquisition criteria, with a focus on a commodity other than coal. While the Board is excited by the potential of the opportunity and has concluded its due diligence there can be no guarantee that any transaction will proceed to definitive documentation, or as to the eventual terms or timing of such transaction. "
Updates on
1) Board is continuing to review potential acquisitions
2) One such opportunity which is being actively progressed and meets the Company's key acquisition criteria.
3) Concluded its due diligence, so what next?
Lots that could be updated on here, wonder why nothing is being released??
Still no update from the company nothing.
Looks like we have c15m warrants expiring this week
https://www.shukaminerals.com/shareholderinformation
Oops, Wrong share.
Bloody fat fingers and phone :(
In for another £2k this morning, caught a dip and got at £00.324.
Lowered my average to £1.07.
Still well underwater, but at least it feels like things are turning around nicely.
GLA LTH, our day is coming.
7 month out of date register loads nominee accounts
“Here’s the #SKA share register, add my holdings to this & it totals over 84% of the total 60.2m share issue.
Only 9.63m shares left free floating when the news finally drops.
That’s quite the perfect storm & one I’m excited to see the MM’s try to grapple with! @Shukaminerals_”
https://x.com/redditdeluxe/status/1789587285694173366?s=46&t=IHEn1TE0c7FNFBktt6H8XQ
The company has a limited amount of cash. Therefore, I expect some of that will go on funding part of the purchase, but the rest may be way of an issue of shares to the vendors. Of course if that were to happen, both QGC and GMI's share holdings would be diluted. As QGC's aim is to have at least 51% of all the companies it is involved with, I would then expect QGC to fund the further capital expenditure needed to open up the Kabwe mine and to finance drilling to expand the resource and that funding to be converted to equity, just as has happened with Marula.
Undoubtedly, they will not have acquired Kabwe with all its history and problem with lead poisoning, without carrying out in depth due diligence and with a plan which with Government funding (loaned by the World Bank probably) will deal with the environmental problems as well as proving to be a very profitable zinc resource.
Mentioned Briefly = will be a pittance
Https://twitter.com/Share_Talk/status/1788534692381110300
Nice chat, funding sorting, aggressively looking to grow
according to jb there will be $500m released by *****ons fund to invest in the projects within a few weeks, ska is mentioned again briefly and should be a recipient of some of that cash.
https://youtu.be/mb3ojytjkok
Well yet another week drifts by and nothing from the bod. like I said all this twitter stuff means nothing.
Leopard never changes its spots
It would be great to hear something positive from Shuka, as this is like watching paint dry. GLA
It is impossible to know the actual price of any buys or sells unless they are your own but I suspect that the 25k sell realised slightly more profit following the two small buys which possibly had an effect on the bid......there's something called scalping....
Anyone know what if any does the two buys of 9 shares mean or represents
On SKA for me it would be a 5 pound fee for 1 pounds worth of share not very profit Looking.
Well I predict its nothing again, penny for the guy makes more.
Well Pi, only two months to our annual results......
Has this company anything to give? Wages being paid??