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As 10.10p was received for that large trade and a small number had been sold for 10p not far from the time that trade was recorded, I think it may have been a large buy which had been acquired bit by bit over the earlier part of the day.
Good additions to the Board. Copper or zinc, having been tweeted by the company for awhile now, favourites to be acquired.
Hope we don’t have to wait too long.
A repeat of what has and is happening at Marula, which I bought in to from 2.4p, will be what I am looking for. Only difference probably is in the minerals chosen.
*****on becomes chairman today. good times ahead.
https://www.instagram.com/p/cltxlm5dfnc/?hl=en
Well that's not what I wanted to see! Messing up the share price. UT trades, single digit signalling trades.
We want an RNS from the company announcing that first acquisition, whether it be copper or zinc.
I added the £6.3k worth. Good to see the two further larger buys. Keep them coming whoever is building up their holding and the SP will continue to rise with the low liquidity in this share.
Great to see some appreciation of the potential for Shuka today with some decent buys especially £20K paid early afternoon. That's certainly absorbed the 100,000 sell last week and more.
With an mcap of just £5.87m and a coal mine to sell, and low liquidity, on announcement of the acquisition of a zinc or copper resource, those who buy in now will be pleased they had.
And we’re off with 10p paid
Very historically a signal of news. Probably mms trying to get some trading going as with all the other small trades in recent days. Wouldn't it be great if the 1 trade this time was indeed a precursor to announcement of a deal; probably not, but you never know.
As ever patience required but mcap hardly demanding. I understand that an RNS for a deal is being finalised which can take awhile for the nomad to ensure that he receives all the background detail he needs.
Added a few more at 9.375p. Should be a bargain price in due course. Saves the market makers transferring shares to each other which seems to be all that has happened this morning.
Amazing there were no trades today. The calm before the rockets!
Should prove a good base for the share price from which to take off.
Looks like the 120,000 trade could well have been a sale of shares arising from a warrant conversion. Of the approx. 40m warrants outstanding, I understand that Canacol owns 20m , the management own another 7m and possibly Tim Leslie owns 10m. If that is the case, it doesn't leave many to be exercised before they expire towards the end of this month (ignoring the smaller amount with a date in November). Canacol and the management will keep their shares arising from the conversion of theirs.
Results for RCE6 should be announced within the next 10 days I would have thought.
Looking good for the remainder of this last quarter.
Noticed the large £23.3K buy this afternoon. It appears from the price movements during the second half of the day that the mms reduced the bid and offer prices to enable the buy to take place at the price it did.
After such a brilliant RNS on Kinusi today with the high copper grades which came from the assay results, much higher than a very high percentage of copper mines worldwide, it sadly reflects on the lack of liquidity in the small-cap mining sector.
However, buy now and in six months time say, when there will be two any maybe three resources producing revenue, Blesberg lithium, Kinusi copper and Nyorinyori graphite, you will be so pleased you had done so.
The first revenue will arise from the shipment of the lithium samples to China on them leaving Cape Town. Then we have the offtake agreements for the lithium and copper to come, most likely this quarter. So further revenue probably Q1 2024 if not earlier.
I have only touched the surface on why this is so investable. Such a great opportunity to buy pre-revenue.
Sorry, make that £8 lol
Good reversal today to give a higher base when the announcement is made either regarding Rukwa or the first acquisition. Can't believe that someone appears to have bought 1,308 shares first thing this morning and then sold them towards the end of the day for a £6 profit!
After such a drop in SP from its recent high, it seems to have bottomed in the last few trading days. The news release that we are all hoping for has to come eventually, so I have topped up this afternoon. Risky some might say, but I believe in QGC as the company to make Shuka work for its and all shareholders benefit, just as they have done at Marula.
I do sympathise with you presumably showing a loss at the moment, having been a shareholder prior to the refinancing. Do trust QGC and GMI (Jason Brewer) to recover your position. Having been a shareholder in Marula Mining since 2.4p, I know what they can achieve. I expect the zinc resource acquisition to generate further interest in the company and an increase in the SP.
It's called profit-taking and very few trades in a relatively illiquid share can adversely affect the SP. Unless you are in Shuka for a short-term trade, it's irrelevant.
Baobob Steel Limited, which is a subsidiary of and controlled by the African Minerals Exploration & Development Fund II owns the Tete Steel Project in Mozambique. In the company's Accounts for 2021-22, the directors' report states marketing activities have been and are ongoing to secure credible investors who can jointly develop the Tete Steel & Vanadium Project.
In steps QGC! Would be great for Shuka Resources to have a part of that.
Internet searches I have carried out has led to ascertaining that the high value multi-commodity project in Mozambique is the Tete steel and vanadium project which was owned 85% by Baobab. Further investigation is required.