Member Info for saintpeter7

Good to see the 100k share buy towards the end of trading day, eating up part of the 250K sale last week. I expect more buys to come ahead of the assay and acquisition news.

GreenWolf

True, but at least they have been and continue to work on alternative financing not only for future development but also for the cash to complete.

With the amount JB has invested and loaned, he will be doing whatever he can to agree alternative funding.

Bukowski - what happened to you when you were born. Were you born a half-wit?

HoofHearted and your pal panchol. No way are you shareholders -no one unless they are insane continues to denigrate like you do the CEO of the company in which they are supposed to be invested and forever talks down Marula like you do.

Get a life!

GreenWolf - I agree we do need tangible news. The waiting on the approval of the CCPC is a pain, which is one of the factors holding up completion. In that the Ministry of Mines gave approval, you would have thought that the CCPC would have given approval within a reasonable timescale. It just reminds us as to how slowly such things take in Africa. Mind you in this country it's not much better!

No GreenWolf, no placing required as GM fund the company by way of interest-free loans. Yes, there is the big question as to where the money will be sourced to fund the purchase and future development. My expectation is that it will come from ADQ/Orion but absolutely no guarantee.

With little buying interest at the moment as the market waits to hear about completion, which might not be to June, just need a few to sell up and move on and the mms drop the SP to see at what level there is buying interest.

The company 's mcap currently is at a level at which the 'market' is expecting the acquisition to fall through. However, with the appointment of geological consultants last month to carry out initial exploration work, money continues to be spent on Kabwe.

I would not expect that to be happening if the Board had serious concerns about the company's future.

Anyone prepared to take the risk could well see a multi-bagger from the current position.

Assay results can't be too far off now. And acquisition of Klein Aub to proceed?

Added twice this morning at 5p. Mcap c. £3m only. Having the Irish asset already, that is cheap imho.

Pleased to have added today 3 times with £9.5K. Last RNS indicated that it was anticipated that assays would be available by the end of Q1. Maybe that might slip a bit, but at the current mcap level and knowing that loan notes were converted at 10p , it was a no brainer to increase my interest in the company which with family holdings is just shy of 4%.

As they say BUY low and SELL high and with the SP at close to its lowest ......

I expect completion to be extended for that further 90 days. When I spoke to Jason Brewer last week, the completion of the deal with Leopard had been held up by approval still being required from the Competition and Consumer Protection Commission (CCPR) in Zambia, despite pressure being (sensibly) put on them by Shuka to give their approval.

We remember how long it took for the Ministry of Mines to give their approval. Nothing moves quickly in Africa!

I’m pretty sure that the two trades at 2.62p were a rollover/transfer.

Almost bound to get an RNS tomorrow or Wednesday I would expect with the first deadline being Thursday.

I understand that the company is still waiting for an approval from the Zambian CCPC, highlighted in the last RNS. I hoped that although Africa traditionally move slowly, it could have been done in 90 days. C’est la vie.

As the completion of the deal is conditional on approvals, I don’t expect much can be said about completion, but would like to hear what Richard Lloyd has been able to progress otherwise.

Trades at 4.7p are buys not sells. I know as one of them is mine.

Huge sell - £50K's worth this morning. Is it that worked sell which has continued to drag the share price down?

Is that the seller out? We shall see.

So explain this then. Some of the trades shown today were buys not sells as Peel Hunt and the other mms marked the SP down, but even if you took the trades as buys and sells at face value the same would be the case. That is that there were £74,161 of buys today and only £11,016 of sells.

If you go back over the trading history this past two months, you will see the same pattern with buys outweighing sells but the SP being dragged down to the range that Peel Hunt want of 4.25 to 4.75 or similar. There was a period when they stopped manipulating the SP and it rose into the 5s, but otherwise all they have done is dragged it down into the 4s.

So today with the overwhelming buys over sells the SP is down on the day. Explain that!

Hoofhearted - NO, what is does prove is that Peel Hunt have manipulated the share price when you see the volume of buys far exceeding the sells for months and the SP being kept in the range that Peel Hunt want for whatever purpose. The so called 'market' has been fixed.

Good to have an RNS today even though we have to wait for the assay results and a final decision on acquiring Klein Aub's copper mine and tailings. Does seem though that Unicorn are likely to proceed with the acquisition.

Interesting to read that the company is looking at other possible resources in Africa to add as well. Jason Brewer always has loads of information on southern African resources that may be worth pursuing.

Nothing was said about the existing Irish asset. Always a possibility that it might be sold and for Unicorn to concentrate on southern African resources.

Ppanchol and his dark destroyer mate HoofHearted. They can't hold any shares in Marula. If they do, they are masochists, forever posting against the company.

You have to wonder whether they are involved in wash trading Marula's shares which has been happening for weeks now?

I understand that the company is awaiting assay results from samples taken from the Klein Aub copper resource before saying anything further.

I look to see those results and also confirmation that they have or are to renew the licence at Lisheen.

Recent news from close to Unicorn's area:-

Group Eleven Intersects 15.6m of 11.6% Zn+Pb, 122 g/t Ag and 0.19% Cu, incl. 3.5m of 21.3% Zn+Pb, 395 g/t Ag and 0.73% Cu at Ballywire; Silver and Copper Values Continue to Impress.

Glencore are apparently considering selling their zinc resource at Pallas Green which has inferred resources of 45.4mt of zinc at a grade of 7%.

Pleased to read that they are exploring more than one avenue to raise the necessary funds for completion and then for development, and that they are finalising all the official documentation required.

Yes, the key to the door, in this case Kabwe, is of course the funding for completion to start with, and I can understand there being little interest in buying until such time as that is announced.

With AUO and GMI/JB having such a financial interest in Shuka, I cannot foresee them not obtaining the funding needed and thus those buying at the bottom now should do very well, but its for each to do their own research and make their own decision.

GL all.

A sizeable exercise of warrants advised to the market this afternoon, and a nice profit for the person who exercised them if they sell the shares.

Excellent for the company to add over £50K to the company's coffers.

And two decent sized buys reported late today, thinking that the lower of the two prices had been worked to get that price.

I appreciate the way that Oliver provides the technical detail as well as promoting the company whenever he can.

This is an excellent investment and one of my best decisions to buy a while back and stick with it as the company goes from strength to strength.

Great to hear Richard Lloyd speak about the initial plans for the Kabwe zinc and lead mine.

The in situ value at $6 billion is huge for a company whose mcap is just £3.1m. Yes, it will take time to dewater the mine, update the known mineral resource and get ultimately to production, but I am happy for my family and I to be holding 5.35% as a long term investment.

Finance is of course crucial, but I understand that is getting closer to being finalised, and I doubt the Board would be doing the initial work on the mine if they didn't have confidence that it will be available when required. For the moment, the company has part of the interest-free loan facility promised from major shareholder Jason Brewer and will I expect draw down on that when needed until the AUO or other finance materialises.

It is important that the Zambian Government are very keen to have Kabwe up and running again after so many years, and their backing for the project is good to know.

Two new board members to be appointed. A strong Board with shareholders interests in mind is important, and I don't expect them to take high salaries like the previous Board members who left in December. They know that the preservation of cash will be important.

Am looking forward to the next update.

GL all.