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Market makers holding the quoted offer price at 10.5p so that buys show as sales. True offer price for quotes should be at 10p.
Expect it is in preparation for buying once the long-awaited announcement is at last made.
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.
If that was a £10.3K sale at the end of the day today, boy is that investor going to regret it! Hold for gold, well no, hold for zinc.
All the trades today other than the tiny ones are buys showing as sells as the mms increased the quoted offer price yesterday afternoon.
Wise buying IMHO.
The delay in making the announcement of the deal is frustrating to say the least.
I don’t disagree with your comment regarding cleaning up in that a total clean up is of course impossible as the lead is ingrained into the soil. But at least it will be something which Shuka with government assistance can do their best to remedy as far as it is possible.
3.14 it doesn't have a happy past with the lead poisoning affecting the local population, but this is an opportunity for Shuka with the aid of government funding to clean up the mine area as much as they can , and benefit from a great asset with zinc of material value to be extracted. I expect the mine to be dewatered and cleaned up in the first few months and for the company to increase the available resource as well as extracting the zinc that remains in sight.
QGC and GMI will not have spent their investment in the company to acquire the mine without full lengthy due diligence and in the knowledge that it will prove very profitable; and with QGC's financial backing and ability to provide the back up for the operation of mines, as seen with Marula, I have every confidence that this company will do very well for investors.
QGC Corporate Video 2024 youtu.be/HyV-_asoSoY?si… via @YouTube
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.
Greenwolf - I accept what you say appears to be the case as we haven't been informed any differently. So frustrating that the nomad felt the need to issue that last RNS, which one has to say was misleading following the QGC publication re Kabwe being shown as an asset of Shuka.
Just have to wait and see and pray we don't have to wait another month.
greenwolf - i don't for one minute expect the company to have been continuing to spend £120k per month because as i understand it, they are not interested in doing anything more with rukwa's coal mine, despite the agreement with upendo.
i say that because qgc and gmi invested in order to acquire a new battery metal asset, and *****on van der burgh knows that there is no point in wasting money on the coal asset, particularly seeing the mess that the previous management presided over, and from that history, you can see that no one was interested in taking the company's coal.
therefore, and with qgc's financial strength, as shown with marula, i am frustrated by the delay, but not particularly concerned about the kabwe licence purchase arrangements being adverse to shareholders.
A good opportunity presents itself for topping up for some as some selling drops the price.
Don't know when the visit to Zambia will take place, but hopefully (I know I have said this before!!) next week or the following week.
As shown by the QGC corporate presentation, which as you say has been removed, the asset being acquired would seem to be the Kabwe zinc mine. Why otherwise, include it in the presentation?
Stay patient is my message.
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.
Based on Urah's website statement of directors' holdings and those owning more than 3%,'free float is only 49.38%. Another reason for investing, in addition to the low mcap of just £5.8m, for a company planning to be in production from one of the world's largest emerald mines in a few months time.
Agreed Harford. A TR1 should have been registered and an RNS issued.
Juniper already own the 17.9% shareholding previously held by Polymetal. You will see that this is shown on their website.
Funnily enough, I spoke to Paul Easton earlier this week and he told me that they were going to have a meeting with their new advisers Peterhouse Capital. Little did I know that today's news would emerge.
The mcap at just £847K ( per HL) is so low. The company has funds to come from its Canadian assets with a payment of CAD$400,000 (c. £244,000), which constitutes 50% of an option, in the event that Sterling (the Canadian company) opt to acquire Chesterfield's Adeline licences prior to 30 November 2024, together with with a further 4.5m Sterling shares on the same conditions by 30 November 2024.
I have been waiting for something to happen having invested a few months ago after the share change took place and naturally now it is a question of watch this space. No reason not to think that this could be a multi-bagger once any possible asset is announced. That may take a month or more but you never know what they have already looked at.
It is scandalous that the nomad should be allowed to issue that RNS this morning when it is untrue. Note there is no comment by the CEO. The deal has been completed. Otherwise why would Kabwe be shown in QGC’s presentation as a Shuka asset. The company has even liked and reposted a tweet from last night stating that the RNS was the nomad’s revenge for the leak and that the deal was done!
Trust QGC to let the cat out of the bag!
Watch the y..tube corporate presentation issued by them today.
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.
There speaks someone who wants the price to drop to buy in lower.