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You only make money if you sell at the right price before the upcoming drop. If you get too greedy and hold on too long, the traders and pumpers will dump the stock, and all the newbies will be left holding the bag.
Is there an open pit mining operation available with smelter producing Copper and Gold ?
Certainly got momentum mm's are wanting 11.9p+ for buyers today, could jump another 10-20% on any demand, of course the same applies the other way too it's very illiquid
Update on twitter today from Jason.
https://twitter.com/JB_MiningAfrica/status/1765637037795713517?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet
Https://www.shukaminerals.com/shareholderinformation
Warrants at 25p up for expiry 25/5/24.
Give their heads a wobble. 😜
Shuka is on land adjacent or very close to the land HE1 has found helium on.
If Shuka aren't looking at helium they need to go give their heads a wobble.
Will it get to 20-25p and Warrant price pre news?
60,219,861 Ordinary Shares in issue
48.75% held by TR1 holders.
Free float of around 29,357,182
If that sounds about right this will move fast (up or down)
Helium or Zinc or something else ?
LEAK....???????
Looks mega bullish for news imminently
Strap in
Hearing all the right things behind the scenes. Lets see what the coming days have in store
Some decent buyers popping up today ;)
Yep someone wants to get a position pre news at these levels.
Interesting
I expect 25p management warrants to be in play before April expiry
So lets see
107k @ 10.85p
100k shares at 9.919p popped up
maybe they have a buyer?
Mm's do not give away free money so there must be a huge delayed buy at 11p to make a mm go 10.5p bid with a online quote to sell when highest price paid so far is 10.39p, has something leaked ?
Looks like could be about to go on a lovely run higher ahead of major news
Looks very attractive around 10p
Small volume ticking it up this morning
Watch this space
Hawk - you could always try our old mate Tim or Florence
https://www.investor-focus.co.uk/team/
But given we've had naff all news since September's interims, a RNS update might be nice Noel.........
SP7 - where have they said they have stopped spending money on Rukwa? That's pretty fundamental to our business and would need a respective RNS. It certainly wasn't mentioned in the Interims and it's not mentioned on the website.
Website - "Shuka Minerals is embarking on an exciting journey of discovery and development in Tanzania, Zambia, South Africa, and other African countries rich in copper, lead, and zinc deposits. Our projects are carefully chosen based on extensive geological surveys and thorough feasibility studies, ensuring that we target high-potential areas that align with our sustainable mining principles." And the only named project is......Rukwa.
That's guff in my view - it's talk, a vision. Where's the hard evidence? Nowhere. We've had years of jam tomorrow and empty promises - it's no different, at the moment.
And in the interims "The strategic investment received from Gathoni Muchai Investments and Q Global Commodities has ensured that the Company has been able to fund its ongoing working capital needs and corporate and mining development activities, and importantly fund costs associated with the evaluation of potential complementary advanced mining and mine development projects across Africa with the support and active involvement of these two new major shareholders."
It's all hot air at the moment and has been for nearly 9months - it's simply not good enough, notably given our history on comms here.
The fundamental problem, of course, is the longer we carry on as we are the more that so called investment money disappears into sustaining Rukwa. And we've seen that happen before too.
It needs proper news on what we're actually up to which can be done without naming potential acquisitions or compromising commercial confidentiality, not posts on X or other social media sites.
Thanks SP7, I was aware of that, but just wondering if anyone has emailed them and got some sort of reply.
Hi Hawkander - you can always try the phone number for JB shown on the last RNS.
GreenWolf I understand your concerns. I understand that they stopped spending money on Rukwa soon after QvanderB and JB acquired their controlling interest in the company having decided it was basically of no economic value. So, they have been spending as little as need be.
Shuka’s website says that they will be looking to acquire zinc, lead and copper projects and the resource on QGC’s website that has been there for some considerable time now is a zinc and lead project. The company has tweeted numerous times regarding zinc and copper. I believe in this instance 2+2 does =4.
We shall see. If I’m proved wrong so be it. QGC and JB did not invest for the fun of it. Yes it’s taken ages, but stick with it and shortly you should be rewarded.
The trades at 9.4 and 9.42 are buys. Bargain price.
Has anyone had any contact via email with Shuka regarding news of any sort and if so, which is the best email to get any response? Thanks in advance
Getting to be a bit of a joke here nothing from the bod at all.