Member Info for saintpeter7

I am happy to buy more at under 5.5p and have done so.

To the wire we go again. What's new! But, I have confidence that JB will arrange for the funds to enable completion.

Good to see the SP ticking up again today. 5 days to go. Just hope that the funding comes through by 30 June, although if there is a further delay, it will only be a matter of the time it takes for documentation to be completed.

🤞🤞🤞

No leak required Bobat. It is expected that the completion of the deal will be announced tomorrow as it was the date by which completion was required and thus people buying ahead at a cheap mcap for the value of the asset.

Pleased to read that the chart is showing little resistance up to 12p. Another reason to hold.

Colin Bird definitely not.

Past Lead contamination issue is not for Shuka to have to deal with. That is a matter between previous owners Anglo and the local community.

Shuka have already said that they will ensure that they will do all they can on the ESG front when they start redeveloping the mine. Am not concerned about any comeback on Shuka for the past.

The total cost as per the RNS of 13 December 2024 was to be $4.5m under a conditional share purchase agreement to be paid for in a combination of shares and cash. Sometime in the next couple of days I expect us to find out what mix the final agreement will say, with the final completion date being this Wednesday.

Let’s remind potential investors of what Kabwe has

https://www.shukaminerals.com/post/kabwe-site-visit-update-v-high-grade-samples-returned-at-kabwe

I highlight

The presence of valuable Critical Minerals and Metals such as Cesium (Cs), Cerium (Ce), Gallium (Ga), Molybdenum (Mo), Rubidium (Rb), Scandium (Sc), Vanadium (V) and Yttrium (Y) were also identified, having not previously been considered for exploitation at Kabwe

· Zinc grades returned in the range from 7.5% Zn in the overburden, 14-16% Zn in the Pit 2 outcrops and 20-27% in the washed material from artisanal worked areas in Pit 5.

· Two samples returned values of greater than 30% Zn (the normal lab detection limits) and will be sent to ALS Vancouver for further analysis.

· Lead grades above lab detection limits were also returned from 8 of the 10 samples and have been re-submitted for "Overlimit" testing with results pending.

· Silver (Ag) grades of 1-7g/t were also encountered and are expected to provide a furthe

Real spread 4.75 to 5.25

As some of you know, I am a TR-1 holder. I was fortunate to be able to add to my holding over the past few weeks whilst the share price was languishing and I hope that some of you did likewise.

Like most shareholders no doubt, I am still at a book loss. I have no intention of selling any, not surprisingly some of you may say as you are still at a loss, but having first bought when Jason Brewer became involved almost two years ago, I see the great potential that Kabwe brings with perhaps Rukwa starting to pay its way as well.

Completion is aimed to be completed by next Wednesday and I shall be interested to see the eventual make up of the deal and the funding not only of the purchase but also of that for the initial dewatering of the mine and further development.

A presentation for Shuka Minerals has been published today.

https://x.com/search?q=%23SKA&src=typed_query

Listing on the JSE today. Richard Lloyd and Jason Brewer in Johannesburg to participate in announcement of Shuka being listed.

13 December 2024 RNS -

Independent Competent Person Report commissioned by the Company has reconfirmed sizeable remaining non JORC compliant resources of 5.723Mt, containing approx. 700kt of zinc and 100kt of lead, with current in situ value of +US$2 billion

RNS 19 March 2025 -

The results received confirm our initial field observations regarding the world famous Kabwe Mine in Zambia. The results were even better than we expected. In the modern day, where the need for critical

minerals such as Gallium, Vanadium and Yttrium is ever important, it is exciting that the Kabwe mine contains these valuable elements, as well as the main Zinc and Lead mineralization.

The results obtained confirm the extremely high-grade nature of the at surface deposit

· The presence of valuable Critical Minerals and Metals such as Cesium (Cs), Cerium (Ce), Gallium (Ga), Molybdenum (Mo), Rubidium (Rb), Scandium (Sc), Vanadium (V) and Yttrium (Y) were also identified, having not previously been considered for exploitation at Kabwe

· Zinc grades returned in the range from 7.5% Zn in the overburden, 14-16% Zn in the Pit 2 outcrops and 20-27% in the washed material from artisanal worked areas in Pit 5.

· Two samples returned values of greater than 30% Zn (the normal lab detection limits) and will be sent to ALS Vancouver for further analysis.

· Lead grades above lab detection limits were also returned from 8 of the 10 samples and have been re-submitted for "Overlimit" testing with results pending.

· Silver (Ag) grades of 1-7g/t were also encountered and are expected to provide a further revenue stream in the future.

Funding - in addition to funds so far provided by GMI interest free, this was stated by Richard Lloyd in the RNS of 4 April 2025 - “It is reassuring that AUO continue to support us financially and share the vision of the 'new Shuka' and continue to support us in our growth and aspirations. The extension to both the availability and repayment of the CLN provides a funding solution OVER and ABOVE the required cash consideration in the SPA for the Leopard and Kabwe transaction." The capitalisation of the words OVER and ABOVE are mine to highlight them.

Agreement was reached with Leopard for completion by 11 June - one month to go. Hopefully the deal can be completed by then. Waiting on approval from Zambia perhaps as no announcement has been made further on that, although that wouldn’t necessarily have been RNSd. I would expect completion to be further extended if need be, but hopefully it will not need to be.

GL all you patient shareholders.

Note the last part of the final paragraph - “over and above the required cash consideration in the SPA for the Leopard and Kabwe transaction”

Next step completion

No

Last week, Jason Brewer tweeted that through his company GMI he will continue to finance Shuka. Once the company receive the long-awaited CCPC approval, I expect GMI to finance the completion of the acquisition of the Kabwe licence from Leopard.

Also due is the further assay report from the over 30% zinc samples sent to ALS Vancouver, and from Geoquest a review is awaited.

It was very encouraging to see the spectrum of minerals that the initial assays produced. Once Kabwe's acquisition has been completed, further funding will be required. Initially it will be produced by GMI; naturally AUO or alternative finance will still be required to take the project on further.

IMHO, the current mcap is expecting completion to fail. I cannot see that happening with the amount that GMI have loaned interest-free and have said that they would add to.

Added just over £6K just now at 38.2p. Really please with a buy at that price. Daily chart shows this to be about the support level having previously been a resistance level before the rise to 52p.

With 17p warrant expiry date coming up soon, and progress continuing for the company, a no-brainer for me to add at this level.

Paul - I think the drop in the share price, which is modest, is due to warrant holders selling their converted shares. I have taken the opportunity to top up twice today whilst the SP is where it is.

No surprise Jezzab with such a low free float. One reason I bought in some time ago at 0.47.

Looking forward to finding out what Barry knows that persuaded him to increase his holding to 6.3%.

Wondered when we would get a de-ramper here and well I never someone has posted anti Jason Brewer comment. Two posts from a newbie who no doubt in one of the haters from the other boards connected with him.

Take a hike as it won’t work.

May well have been a directors buy as Patrick and Jason had permission to buy.