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"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7 month out of date register loads nominee accounts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??
SP7 - there's no volume today which pretty much makes any buy / sell discussion slightly pointless.
I suspect the c107k trade yesterday was worked through during the day. I can't really see it being anything other than a sell given its quoted value (9.556p)
What we need is tangible news that isnt caught up in an alleged disagreement between our BoD and Nomad
There is a lack of volume because there is a lack of interest, because there's no update.......
Market makers holding the quoted offer price at 10.5p so that buys show as sales. True offer price for quotes should be at 10p.
Expect it is in preparation for buying once the long-awaited announcement is at last made.
If that was a £10.3K sale at the end of the day today, boy is that investor going to regret it! Hold for gold, well no, hold for zinc.
The Kabwe mine and the Alikhani family, going back 12/14yrs cost the investors a fair old sum under the name of Berkeley Mineral Resources. Legal action was taken to recover ??? £1m .
Masoud Alikhani the then chairman came to the market on the future of zinc tailings at Kabwe. So not a
good memory for a lot of investors.
All the trades today other than the tiny ones are buys showing as sells as the mms increased the quoted offer price yesterday afternoon.
Wise buying IMHO.
The delay in making the announcement of the deal is frustrating to say the least.
I don’t disagree with your comment regarding cleaning up in that a total clean up is of course impossible as the lead is ingrained into the soil. But at least it will be something which Shuka with government assistance can do their best to remedy as far as it is possible.