RNSs re shareholding23 Jan 2026 13:14
The two TR-1s that have just been RNSd are my notifications that my percentage holdings in the company have reduced PURELY because of the recent issues of shares. I have not reduced the number of shares I hold and do not plan to do so in the near future. I have every confidence in Richard Lloyd CEO to do what is necessary to realise the huge value that Kabwe provides.
Currently we have share churn from the placing to get through. Once that has happened, I see the SP rising, because at the current mcap of under £5m, it takes no account of the inherent value of Kabwe which has already been announced of at least £2 billion plus.
Yes, that value is not going to be realised over night, but as any investor knows with mine development it takes time. A real plus for me is that Shuka is not exploring for mineral resources, it already has it; so closer to making money for shareholders.