Member Info for allthatguff

And who basically announces a placing before it happens. Bonkers..

All remains to be seen in practice, especially with no money in the kitty 🐈😺

Get the begging bowl 🥣 out.

Goeie môre Spook. You being the local man. Do you know the power source for the mining, is it grid or do they have their own ? generation?

Most probably

24-Apr-26 16:32:43 1.0035 10,000,000 Unknown* 1.00 1.05 100.35k

24-Apr-26 16:41:10 1.00 5,000,000 Unknown* 1.00 1.05 50.00k

Why now? Because Sibanye will only work with their own man and a quality team for the safety of their own involvement/investment.

This is 100% go now by the the action of the board change. Exciting!

I am in, new shareholder here 😃.

From Google AI..

"Shuka Minerals' flagship asset is the Kabwe Zinc Mine in Zambia, which the company fully acquired in January 2026 for approximately $4.5 million. They also hold the Rukwa Coal Project in Tanzania.

Kabwe Zinc Mine (Zambia)

Asset Valuation: The mine's estimated in-situ mineral value exceeds $2 billion, based on 5.723 million tonnes (Mt) of remaining resources.

Project Economics: A Phase 1 development study by Behre Dolbear estimated a Net Present Value (NPV10) of $561 million and projected pre-tax cash flows of $1.84 billion.

Resource Composition:

Zinc: ~700,000 tonnes with historical grades up to 43%.

Lead: ~100,000 tonnes.

Byproducts: Significant amounts of silver, vanadium, gallium, and germanium.

Current Status: Fieldwork began in early 2026, including diamond drilling and geophysical surveys to upgrade the resource to JORC-compliant standards.

Rukwa Coal Project (Tanzania)

Operational Goal: Shuka aims to restart operations in 2025 to generate consistent near-term cash flow.

Production Targets: The project is targeting 500 tonnes per month initially, with plans to ramp up to 5,000 tonnes per month by late 2026 or early 2027.

Economics: Internal assessments suggest a project NPV10 of $12.61 million, assuming a sales price of $45 per tonne of washed coal.

Infrastructure: Recent work has focused on dewatering pits and repairing roads and bridges to support the restart. Further details on these efforts are available on the Shuka Minerals operations page. "

Shuka Minerals: Why Kabwe Mine Could Be a $2 Billion Asset

YouTube·StockBox

12:29

Shuka Minerals Plc (AIM/AltX: SKA) Completion of LEM and Kabwe Mine acquisition

Share Talk

"Shuka" or the "Company" - FCA

Financial Conduct Authority | FCA

Show all

Ask anything

From Google AI.. it helps under the situation now..and the obvious value created by buying more of the project.

"Here is an overview of the final equity distribution and financing structure for the Villeta project:

Total Project Equity: The project equity component amounts to US$245 million, which is being provided by a consortium (the "Equity Consortium") and ATOME.

ATOME's Investment: ATOME is investing US$31 million in new Preferred Shares in the project. This is funded by a £23.5 million placing/subscription and a £0.5 million retail offer (around £24 million total, or ~US$30 million).

Credited Back Costs: In addition to the cash investment, US$5.8 million of back costs already incurred by ATOME in the Project Vehicle (ATOME Paraguay) will be credited as part of their total equity contribution.

Carried Interest: ATOME retains a US$60 million pre-FID value in Villeta, representing a continued interest, which sits alongside their new cash investment"

It is obvious, the money spent on Villeta increase in ownership is value accretive..the market will wake up to this very soon..

😉

The good bits..

The large stake taken up by the BOD.. endorsement.

" The US$17 million subscription by Casale S.A., the EPC Contractor" ...big plus.. stability.. endorsement

The company will now own more of its own asset and future profits. Project construction starts and many investment vehicles may start hoovering up these cheap shares. Not going to hang around 60p for long..make hay while the sun shines 🌞

Koeksisters and biltong galore for you ghost if this really takes off..lekker.

Just remember, most of this money is for a bigger share of an asset that is now funded and will produce an income once built. It is not money spent on admin but a real investment in future income stream. Analysts will flesh it out, or just ask AI for a view. So 60p could bounce higher fairly quickly.? Possibly? Fingers crossed ..

Placing is always possible and there we have it. The $31m investment in Villeta over and above the free carry of $60m is a good thing and money well spent. However, how long will the placing hang over last??

If the deal did get scotched, they would probably do a 50% increase in shares placing at 4p and fill their boots (again). They have all the levers.

And at the plc level general funding is always required. Be foolish not to expect a placing at some point. Just a question of when and how much?

!!!

!!!

£1.50 actually.

Wally? No, just kidding.

What happened to 2phevs, I hope they are ok 😃.

Anything is possible, especially placing. This share mostly moves in strange unpredictable ways anyway.