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Added to my holding this morning twice at just under 6p. With the mcap only £2m it seems to me to be a no-brainer to invest at this level prior to an announcement of a new asset.
Encouraging RNS this morning.
Company have been and continue to carry out due diligence on certain projects. So, it’s just a matter of time until one is announced. How long that may take, who knows, but it is an encouraging RNS.
Bought a few more. At 8p in the knowledge that the Board are looking at some resources that Jason Brewer has sourced for them, the mcap of just £2.65m is just too low imho.
It's nice to hear from myself lol.
Great to see the director's buy announced this morning. Now that doesn't happen without a reason!
I added this morning early doors. With the mcap at the current level, this is a no-brainer to buy.
Jason Brewer will be on a Stockbox interview today, publication either today or tomorrow, updating on acquisition advice to the Board of Unicorn. With mcap of under £3m this company is under the radar still. What a great opportunity to buy imho and I topped up this morning.
Jason Brewer met with the Board in Dublin today. He has presented three possible acquisitions I understand one of which is preferred and is aimed to be completed.
Due diligence can take time of course. It will be interesting to see what resource emerges.
With mcap at its current low level, it seems a no-brainer to me to buy more now. I’ll be looking down the back of the sofa.
Jason Brewer tweeted this morning that discussions were held on a number of matters in Jo'burg yesterday including regarding Unicorn. New asset incoming next month?
I'm invested and ready. Are you?
A few buys Friday and today seeing the possibilities with Unicorn now that Jason Brewer has joined the Board.
One month of the quarter to go having said on 19 January aiming to finalise a deal in Q1.
You can count on JB finding a possible resource on which to progress to due diligence.
From Jason Brewer today:-
Been one month since I've joined the Board of Unicorn Mineral Resources.
Feet firmly under the table.
Bank balance strong after capital raising last month and several advanced new and high-value projects under review.
Aiming to finalise this quarter.
When we started Marula Mining in April 2022, we raised about 1/3 of what we now have at Unicorn.
With those funds we completed 8 project acquisitions in 18 months and increased the share price and market capitalisation several fold.
Same goals here.
Targeting complimentary projects to Unicorn's current base metals focus.
Clearly given my location here in Africa you know what's likely to be on the cards
✅ high-grade
✅ advanced
✅ near term production
✅ strong partners
✅ fast moving
Time to buy I would say whilst mcap only £2.44m
Just bought a few more,expecting great strides forward this year. Room for growth with a 2.8 million M/C I think!
Made a small investment here to complete my Jason Brewer Quartet! Great prospects here over the next few years, plenty of backing coming up I suspect.
Junior sector starting to wake up.
JB's contacts should be able to help them secure some further assets over in Africa expanding the portfolio for shareholders and adding value and he has a strong track record as a deal maker.
It should also help with the media & PR side of things
Good to see deals like this bagging the SP as the value is added and market can see the potential ahead.
IMC did exactly the same
Next deal of this nature in the junior space is due to land over at CHF where it appears a UAE based fund Juniper International FZ LLC with a particular focus on mining and renewable energy is about to come onboard as a cornerstone investor.
Market cap over there is a mere £591k so a deal of the type we have seen here today to inject cash and place a new focused direction in mining in the renewable space would see the market cap leap 500%+ to bring it in line with Unicorn.
Expecting a big 2024 for both companies as from these micro valuations, today demonstrates just how rapid the SP appreciation can be.
Won't be surprised to see both UMR and CHF both follow IMC and 10 x bag from their year lows.
GLA
jason saying grow umr to 20, 30 or 40p/share. seems to me that the no. of near-production assets identified in east and south africa (by *****on & jason) are probably too numerous for maru and ska to take, as portfolio projects, and that's why imo they need a third vehicle like umr, with the advantage of a main market listing (not aim).
https://audioboom.com/posts/8416396-midweek-takeaway-with-jason-brewer-executive-director-of-unicorn-mineral-resources-lse-umr
26% yesterday, what's going on?