Member Info for saintpeter7

Was hopeful it would be September, but may be early October now.

Company have been carrying out due diligence on a copper target in Namibia. Whether that proceeds or not, we shall see.

HoofHearted I don't really believe you are a holder. Otherwise why the persistent attacks on Jason Brewer. Quite illogical to hold a share in a company when you have no faith in the CEO.

The going concern statement was what you would expect it to say. And unlike your typical mining explorer, you can be certain that there will be no placings due to QGC and AUO.

Just leave the share chat if you can't give anything other than rude remarks about the CEO or shareholders who have confidence in his ability to guide Marula to a mid-tier miner in just a few years.

Good to see the demand this morning from just a few buys. Imagine the rise once the Shuka acquisition can be finally announced and the demand for shares in a company, with the low free float that it has, leads to a rush for few available shares.

Newuncle. As you are obviously not a Shuka holder, why are you posting such rude remarks on here?

Take your apparent vendetta elsewhere please.

So your first post I believe on Shuka? I note that you seems to have it in for davey50 looking at your posting history. Please don't bring your disagreement here when it is not relevant to Shuka.

If you have some news regarding Shuka, please do let us all know.

Hi All.

If you do not appreciate why my family and I have the holding in Shuka Minerals, it is :-

1. Because I have seen what QvB and JB have achieved with Marula in the space of just 2 years.

2. As HawaiifiveO and others have said, they are not going to allow their time and money that they have spent in acquiring a new asset go to waste.

3. I am sure that the non-dilutive funding from AUO will be available so that no placings will be required. That derisks holding the shares immensely.

4. The in-situ value of Kabwe dwarfs the mcap of the company, even when the SP was at 15p.

Have faith and good luck to all shareholders.

Added a further £7.5K at 8.45p. Wife and I now holding 2.65%.

With an mcap of just £2.7m, an Irish asset already and a new acquisition via director Jason Brewer ahead, for me a no-brainer to add at this level.

Acquisition anticipated by end Sept.

Chairman invested £2.4558m between 26 Mar and 6 Jun increasing his holding to 17.12%!

Now a Chairman doesn’t invest that sort of money for fun. Follow the money

Yes GreenWolf.

Just profit-taking 3.14.

Was very pleased as it gave an opportunity to add some more to the those I bought in the 4s.

no drmicho this is investors realising that the share is too cheap with kabwe being acquired and more importantly that *****on van der burgh would not allow auo funding not to be available when really needed.

GreenWolf. Simple answer yes - family and I hence no TR1 as yet.

I am reposting part of the last RNS below.

The Project's historical non-JORC compliant resources have been independently verified by the Company's retained technical experts and which have an in-situ value of approx. US$1.98 billion based on current London Metal Exchange prices, and where preliminary economic analyses has estimated pre-tax cashflow of US$1.84 billion, NPV10 US$0.56 billion and an IRR of 112% based on the development of two of the five existing non-JORC compliant historical resources.

The company's SP has continued to drift down as there has been no conclusion to this acquisition and now the mcap is less than £4.5m.

I have not sold a single share since I started with my family to build up a holding of over 4.5%. If funds allow I shall be adding further as I have confidence in there being a successful conclusion.

How much longer do we have to wait? I can't say for sure and obviously I wish I knew. My understanding is that Jason Brewer is waiting on the Minister of Mines in Zambia to formally approve the acquisition and he plans to see him when he is available.

One concern I have heard is will Shuka be required to be involved in the tailings from the mine and the clean-up of the area. The answer to that is categorically NO; so there will not be that additional cost to be incurred.

I have faith in that there will be a successful completion of the Kabwe acquisition and with AUO likely to be the provider of capital in addition to assisting with the cash element of the purchase cost, this will have an mcap well in excess of double the current mcap in no time at all after the deal is finalised and notified to the market.

GL all.

HoohHearted

You cannot call Jason Brewer a liar simply because target times fail to be met. You deserve to be sued for defamation of character.

Why do you persist in character assassination? SAD.

Well I couldn't refuse - to be able to buy £4,000 in two trades at 8.159p - when the acquisition will add value to the company, was a golden opportunity to increase mine and my family's holdings.

Yes, it has been a real pain seeing this acquisition taking over 6 months since they first paid a deposit, but I have every confidence that it will be completed. Can't say when but prepared to continue to wait.

The Project's historical non-JORC compliant resources have been independently verified by the Company's retained technical experts and which have an in-situ value of approx. US$1.98 billion based on current London Metal Exchange prices, and where preliminary economic analyses has estimated pre-tax cashflow of US$1.84 billion, NPV10 US$0.56 billion and an IRR of 112% based on the development of two of the five existing non-JORC compliant historical resources.

For a company with an mcap of just £5m, the shares are in real bargain territory!

Market value of company's holding in Sterling Metals now up to c. £580,000 compared with the current mcap of Chesterfield of £650,000. Then there is also the net cash to add in. Leaves peanuts for the value of the Cypriot assets.

I'm expecting a new acquisition which should boost the share price and with strong movement on small volume, would seem a good time to buy and wait.

Hi HoofHearted, it's silly sausage here.

You will never be satisfied will you. As tomhuk2000 quite rightly said sell up and get out. If you are still invested why? I don't believe you are invested at all now. If you are and you don't believe what Jason says you are a fool and deserve to lose money.

Great find Teaye72. Perhaps we are now closer to concluding the acquisition.

Ministerial approval is now required. Indications are that it will be received, but naturally no guarantees.

Kabwe will be a major undertaking, but with the details given in the last RNS, you know the size of the resource and with AUO funding available I suspect, it will have been well worth waiting for.

Hi Mugwump

He needed minor surgery, but all is fine now and he is out of hospital.