Unicorn Mineral Share Price (UMR)

Chairman, Patrick Doherty, has now spent c. £202,000 on acquiring shares in the company since 22 March 2024! Now if that doesn't show confidence in Unicorn I don't know what does.

Announcement that Chairman now owns through his company 16.3% with further buying. Now a wise and successful Irish businessman does not invest as much as he has in the past few weeks unless he sees a nice gain in the year ahead.

Follow the leader!

So we have had the TR1 announcement that the Chairman has purchased a further £22,500 worth of shares this time at 10p. That added to the £97.5K worth bought earlier this month. So a total of £120K worth now. Not loose change!

Jason Brewer has advised the Board on a number of possible acquisitions and no doubt due diligence is being carried out on one or more. It is just a matter of time before one is agreed to be bought.

Mcap currently £3.6m. Don't forget that the company already has a zinc asset in Ireland with real potential based on their drilling results so far and with other companies' resources nearby which have been already proved to have good prospects of being economic to produce. So this is not a cash shell. It already has value.

Add to that a further zinc resource in Namibia or an East African country and the mcap will undoubtedly increase.

I have been increasing my holding gradually for months now and at the current mcap and with the Chairman investing a very decent amount, this is a no-brainer imho for investment and a potential bagger.

See my earlier post for one of the potential acquisitions Namibia Lead and Zinc.

Ska, another Jason Brewer co, just had some great news after hours. Wonder if neo or umr is next for some good news.

All Jason Brewer companies

Really good couple of days for the SP. Two large buys from yesterday reported after hours today at £22.5k and £23.28k and some other good size trades at £10k and over. Wonder whether there has been some further director buying? Whether or not, it’s good to see these size buys. Mcap still under £4m; so I expect to see some further increase in the SP to come pre any announcement of an acquisition.