Member Info for HawaiifiveO

why have they decided, yet again, to change broker? whilst i hate to say it such a change is deemed bearish by some entities (see link) https://x.com/*************/status/1934998060876153078

this is the forth broker they have had since 2008, turner pope, shard, sp angel and now strand hanson. the retail shareholders have every right to question (trust) this outfit following the lanstead debacle, previously when the share price was flying, hitting 1.95p (back in 2021), they failed to force warrant holders to convert, it would have delivered circa £1.5m at the time with minimal dilution, they have also failed to raise cash when the sp was at far higher levels on more than one occasion too.

what i detest about the company is they will not accept any critique of their obvious mistakes and clear failure to understand market matters, they bat it away with arrogant aplomb.

i still believe the cfo genuinely thinks that it was in lanstead's interest to have a high share price, in 'that' interview did he really think lanstead would hold onto their shares and have a retain a large portion of stock towards the end of the term? in reality they were always going to sell the entire 1 billon shares gifted to them over 24 months. the deal was always going to kill sentiment and destroy market appetite for orr shares and lose the company lot of friendly investors, never mind the bod secured their circa £1m in salary over the two year term.

in recent presentations rosser suggests orr is materially undervalued, well yes, except the same entities gave away 25% of the company only 2 years earlier for a then unknown sum (it turned out to be circa £1.6m)

ok so what i want to know is why change the broker? i would also like them to make a clear statement that their will be no dilution for a very significant time following lanstead's exit. you see i do not trust the current regime, the cfo was party to the l deal and the newly appointed ceo (both overpaid btw) has form in materially diluting his shareholders. if you strip out eileen carr's holding the remaining 4 executives hold less that 2% of the issued capital, some of those shares were awarded as 'salary sacrifice' too, you can hardly call them materially aligned to the shareholders.

anyway enough for the time being, i have to say i find the last two years the most miserable for shareholders out of the last decade, all self inflicted of course.

Proceeds of diamond sales coming in 'within the next few weeks'

It is clear the process can move at fair speed now they have the cash to enhance the value of the parcel.

Interview link

https://tinyurl.com/bde8jv3f

The shrewd are buyers plain and simple !

There is no doubt in my mind the value of the parcel will exceed market expectations in due course, who can blame the company for raising cash now, the coffers will have in excess of £4m in them now when previously they were near barren.

The re-rate of VAST will continue unabated - this is the statement that matters 'Fundraise will be used for the primary beneficiation of the diamond parcels, which is expected to significantly enhance their value'

Note the words 'enhance & value'

Share price hit .65p in late April, it has been walked down on relatively low volume, can only be a matter of short time before news on the initial diamond sales hits the market - I expect the value to exceed market estimations !

It looks very good given the state of the junior space, the vendors will own 29% of Shuka, they will want to see significant value from that stake and I am sure they will in due course.

I can see the share price hitting new highs in the coming months as the market starts to realise SKA is serious player, verses the current £4m m/cap.

It is clear the company have made a major gold discovery, you simply cannot ignore the procession of drilling results that continue to come to market, could the resource exceed 2m ounces, looking at these numbers it seems very likely.

This outfit has always remained conservative in their reporting and persona when doing media, however, over recent times you can sense the excitement, recent commentary has been exceptionally upbeat, they have re-iterated the undervalued nature of the company.

Had it not been for wretched Lanstead the shares would be surging towards .50p+, they will soon be gone! I have already suggested the window to acquire shares in the current .20p / .25p range is very much closing.

I have no doubt if they keep bringing news to market a material re-rate will occur, it is way past time.

One thing is clear the diamond parcel is of significant value way beyond market expectations, this RNS implies as much, it is only a matter of short time before the numbers are forthcoming.

Current m/cap of VAST is just £12m !

Folks need to realise, for the umpteenth time, that the grades in Africa are not usually bonanza, they are however consistent and cover large areas, the mining operations in Africa are some of the world's largest, most mines work on 1g/t to 2.5g/t ranges and are exceptionally profitable.

Based on the huge scale of artisanal mining going on at Mbe I would suggest ORR have made a major gold discovery, it will be interesting to see what the maiden Mineral Resource Estimate will be, I would hazard a guess it will exceed 1m ounces, the clue is both near surface and deep gold is present on the licence covering a large area.

As I have stated, now is the time to add or buy in, with Lanstead clearing out in a few months the share price will, after a two year selling onslaught, be able to respond to normal market conditions, the longer one waits for their eventual exit the higher the price will be.

All indicators suggest a move back into the .30p's is approaching, many minnows have doubled/trebled over recent times, the AIM market has recently moved into bull territory from a 4 year bear market. One thing I have noticed is how fast a re-rates can occur, often in a few days a stock may double or more.

ORR need to keep delivering news to market to stimulate interest, I am sure that is on the agenda and they have the message!

They need to deliver some shareholder value plain and simple, they are good with words, been hearing their words for a decade talking about this and that whilst the share price has slumped from 4p to .20p and the share count gone from 476m to 3.8 billion.

If they believe they are undervalued then deliver, deliver a deal, deliver a value event, fancy presentations and waffle do not cut it, they are taking £500,000 out annually in salary, way above the norm for a minnow, I have no doubt it is a lifestyle company, however, it is possible for your Joe Bloggs retail investor to make a return if the entry point is right, currently I believe it is now.

Their decision to go down the death spiral route has exhausted the shareholders, 1 billion shares given away for a miserable £1.6m spread over 2 years, the whole lot being sold over 24 months, every day the long suffering shareholders watching the loan shark dump. Woe betide them if they even think about any fundraises for at least 12 months from now, get out and say it BOD !!

Do I want the share price higher, you bet, but each and every time they promote it fizzles out and dies a death, with Lanstead exiting now is the time for them to put their words into actions, news, news and more news is required to excite the market plain and simple.

I will be watching !!!

I think the clue to value here is the fact that those close to the company have personally invested circa £2m into Shuka, the current m/cap is still sub £4m, Brewer in particular is heavily committed, with shares at 5p and 8p. He is also very active on X (as are SKA recently)

https://x.com/JB_MiningAfrica/status/1932301138092564776

If the right deal is forthcoming the SP could surge in a very thin market. the stock traded at 12p last year.

It is interesting how the current BOD have dismissed just about every possibility that may occur in respect of a third party offer, it seems the current directors only have circa 1.6% of the issued capital. They have however readily and hastily accepted an offer for a miserly £3m from IFX, question is why ??

They have also trashed the https://www.lavideholding.com/team/ offer today, they suggest this outfit are only valued at Euro 3 million, however just because they are valued at Euro 3m does not mean they cannot raise significant capital to pursue an increased offer and or finance AGFX. It is also interesting that they fail to inform shareholders that Lavide has recently joined Euronext (Amsterdam's Main Market) and their financial advisor is none other than ABN AMRO, their team looks more than competent also.

Clearly Lavide are seeking to expand aggressively, what better than to secure Argentex who were recently valued at £100m but due to a exceptional one off circumstance found themselves distressed, are the current BOD working for the benefit of shareholders to get best value, not in my considered opinion.

If IFX want this outfit they WILL need to pay more, there is still plenty of time for new bids/interest, my understanding is the shares do not de-list until after the CSH in September (see here ----> Court Sanction Hearing - A date expected to fall during September 2025) To secure the takeout the current 'supporters' need 75% - they have only got 58% so far.

IMO more bids will arrive, the eventual takeout price may surprise - however DYOR etc.

I had wondered if there may be other interested parties, there clearly are, if so the shares will bounce hard, the company seemed to have been hit by a one off event, valued at over £100m prior yet the BOD agrees to a takeover at just £3m and cannot reject other approaches fast enough ??

Time will tell

The post on X is most definitely price sensitive information, it should have been RNS'ed for certain.

It would also be very poor form to post on X (to excite investors) in the knowledge they were about to dilute shareholders, I simply cannot see it, in any-case that production delivers a very meaningful sum of cash in excess of $1.5m IMO.

Still think the drop has been caused by a major (possibly distressed) seller.

We will soon see !

Gold pour on X

So they are showing 15709g which equates to 555 ounces, regardless of what timeline that is healthy cash to bank, if it was all gold would equate to $1.8m.

Buyers arriving ahead of news next week, this time last year shares were trading around 12p.

M/cap only £3.65m !

They seem very confident, promoting today, no wonder buyers are returning, around this time last year the shares were trading at 11p.

News next week for certain on Kabwe

https://x.com/Shukaminerals_/status/1930894930597285926

So no RNS so far this week, any material change in the business HAS to be announced to the market, in other words nothing has changed operationally.

Even if it is a larger holder who has sold some (or out) with a few others spooked by the drop, it offers a great opportunity to pick up shares at basement levels.

Making money in the minnow sector is all about timing entry points, only a few months ago folks were happy to pay 1p+ for Goldstone shares, they can currently be bought nearly 50% less !

IG are asking .70p for size (over £8k's worth) that's a premium, it does look like a bounce is coming.