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Just bought £725 and £500 , I want another £500 but can’t buy a bean !
The best deals are often the most complex and although frustrated at the time it is taking, I’m very confident with QGC’s and JB’s involvement it will be a cracking deal and well worth the wait.
One or two murmurings of discontent over on X re lack of news but no replies from Jason Brewer, he does normally engage so maybe, just maybe, an announcement is closing in.
I have a position here and fully believe when the news does come it will be very meaningful and the current share price history.
We dont know that ? they may have stopped spending any money on it months ago
I know what you mean though the wait has been long ,just hope it will be worth it .
And every day with no news on our future direction and acquisitions, we're throwing money down the drain at Rukwa.
It is slowly turning into groundhog day.....
Hopefully not the first it says, nothing official here same old.
Https://x.com/chuggley1/status/1747625188470989087?s=46&t=bP4m_Zew61aH3lHN8Skq9A
Reposted by official account… is it Zinc?
Pfft still nothing said
Https://x.com/JB_MiningAfrica/status/1747647490285817996?s=20
Zinc and copper acquisitions are on the way it seems looking at the company's tweets.
I would not be surprised to see a zinc acquisition being announced any day now. The company certainly has been working hard to complete one, as indicated by QGC's website (without actually confirming that it is for Shuka), and now everyone is back to work, I don't expect us to have to wait much longer.
I think they were worthless why they were given up. But yes i do remember them.
Sorry not very clear but there was other licensing on minerals in the ground that EDL relinquished in favour of the coal so there maybe or could be revived but of course we cannot see the EDL RNS s anymore to se what they give up in favour
Gwynwin I think it was something to do with pie in the sky
Can anyone remember what Edenville licences were given up to just run with the coal.
Maybe SKA can bring them back online and make a profit here
From Jason Brewer
Has been a lot of planning and preparation since our strategic investment through
@GM_InvestAfrica in Shuka and my appointment as an executive director.
Looking forward to pushing forward in 2024 and delivering on my personal aspirations for this company.
The Rukwa coal resource is too small and uneconomic to develop and will probably be just shut down.
Added to my holding this morning as we get closer and closer to the announcement of the first deal, which I anticipate will be in zinc with lead.
I suspect there is a second acquisition in the offing as well as the company tweets about copper as well as zinc being desirable minerals.
If the new owners of the company, QGC and GMI stick to their well worn practice with Marula of acquiring near production projects, we shouldn't have to wait an eternity for development of the projects, being keen to produce revenue as soon as is feasible.
Took the opportunity too good to miss to add a further £4k in two trades this morning at below 10p.
2024 is going to be a game-changing year for Shuka.
Happy Xmas to all.
We know a deal is coming just a case of waiting for it to hit the screens
Long periods of silence is EDLs trademark, followed by more bad news, let's hope this time is different!
Either way nothing from the company to say what's happening.
Sure. But if they are acquiring assets from someone, then they will need paying in shares which means dilution, unless they get some sort of project finance, debt finance if the asset has a compliant mineral resource estimate.
Dilution for working capital is one thing,some dilution for projects and growth is perfectly reasonable in my view. Look at Marula minings funding by QGC. They provide the funds in return for shares until the company is self-sustaining which from next year it will be,even to the point of paying dividends abw.I am expecting the same model to be used here,dont forget QGC and Jason Brewer own 49% of the shares here and they wont be selling any for a considerable time,so our interests are theirs too! AIMHO>
The only doubt I have is how is any asset acquired to be funded? Issue of equity is the only way. That means huge dilution.
Wise man wishihadnt. as can be seen from share buying today. Whether the acquisition news is able to be issued before Xmas or early in the New Year, I expect it to be impossible to buy at this level then.