Member Info for saintpeter7

The company has a limited amount of cash. Therefore, I expect some of that will go on funding part of the purchase, but the rest may be way of an issue of shares to the vendors. Of course if that were to happen, both QGC and GMI's share holdings would be diluted. As QGC's aim is to have at least 51% of all the companies it is involved with, I would then expect QGC to fund the further capital expenditure needed to open up the Kabwe mine and to finance drilling to expand the resource and that funding to be converted to equity, just as has happened with Marula.

Undoubtedly, they will not have acquired Kabwe with all its history and problem with lead poisoning, without carrying out in depth due diligence and with a plan which with Government funding (loaned by the World Bank probably) will deal with the environmental problems as well as proving to be a very profitable zinc resource.

Hi Janet2007. Where did you get the idea that Unicorn is looking to swoop for a distressed mining company in Europe?

That sounds totally not what Unicorn are likely to do. Via Jason Brewer's recommendations, they are looking to acquire a near production mineral resource in Eastern and Southern Africa and at present are carrying out due diligence on at least one.

I have spoken to Jason Brewer and am aware of what is 'brewing' at Unicorn.

I agree that this is a bagger in the making with the current mcap below £3m and a low free float.

Successful board meeting yesterday with Jason Brewer in attendance. Company carrying out review of possible near production assets with a plan to acquire one in particular.

Strong Board of directors guided by a successful chairman as important.

Unicorn board meeting today with Jason to discuss possible acquisitions further. I expect due diligence to be be well underway on one or more.

Good price rise today on just a few trades just shows the large percentage gains that are likely to be achieved by buying in now. As they say the early bird catches the worm.

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.