Member Info for saintpeter7

Hoof Hearted just shut up. You are so pathetic. You are obviously not invested; so, go and troll another bulletin board.

Pleased to see a large buy today of just under £12K, and at a good price.

Completion of the Kabwe deal is awaited. Meanwhile, the SP is cheap as chips and anyone buying at this level should have a fair chance of bagging on completion.

Hi Richie

Unless I misinterpreted your last post, I think you know the answer to that. 0.75p as stated in the post below yours. The SP seems to want to settle around that price, until funding news is announced.

Ppanchol. Agreed revenue is key. Once that starts to flow the mcap should rise. Of course no guarantee in this dreadful share market.

Whether a director's buy or not, whoever acquired those 500k shares has a bargain. Am pleased to see that there were no further share sales today. No purchases either, but this could be the base price and buying now for a 3 month view could be a good buy indeed. Yes, all us subject to funding the completion monies, but in my view, like Jason Brewer's in lending £500K (£115K so far but the rest promised by 31 December) to the company interest-free and with no security, a risk worth taking. It would not take much to bag from the current SP.

Would love to know who is continuously selling 100,000 shares at a time, day after day. It is that which is keeping the SP in this 4.25 - 5.00 range.

You can complain at the lack of revenue which has been promised time and time again, but you can't complain at the ambitious plans for 2025 to generate long awaited revenue. If you believe that will come about, the current SP is a snip. If you don't believe that sell up and move on.

£600k loan notes converted to 6m at 10p per share a 42% premium to the current middle market price of 7p. That shows great confidence in @UnicornM_Plc as it seeks to acquire a new #copper project to add to its existing Irish resource.

RNS - there we go Michael. No doubt you will pick holes in it!

Michael I am confident of a happy conclusion for all shareholders in Shuka. You just need to be patient with a major deal acquiring a zinc asset with an in-situ value of c. $2 billion. There has been a lot to arrange and that takes time to finalise.

With my family and I holding over 5% , if I had any doubts, I would start to sell. That will not be happening any time soon.

Mcap down to £2.44m. Chart indicating to me that it is time to increase my shareholding again. Buy low. So added £7k this morning at 7.35p. Not showing yet - mms!!

£600,000 worth of shares to be issued at 10p for conversion of loan notes by year end once prospectus issued.

Announcement of new directors expected this week and the current directors due to leave can do so.

Before Xmas, I expect to hear of completion of acquisition. Then 2025 will be a new beginning for Shuka. It's been a very long wait to say the least, but am happy that I loaded up.

Market makers reducing the SP as need shares scaring some into selling. More buys than sells.

Tired of your deramping sniffer78.

Contracts for new directors are being finalised after which the company can RNS their appointment and can say goodbye to the existing directors.

JB provides a £500K loan facility interest free and Shuka draws down what it needs for the time being. Would you lend to a company interest-free if you expected it not to survive? Of course not. It is a great sign of confidence and commitment to Shuka.

Regarding Rukwa, why would the company be wasting money on the coal mine. You have been told this numerous times, but you always bring it out again as a problem. You want Shuka to fail; that is obvious from your continued de-ramping, and to say you own shares still - pigs might fly!.

Monday it is then for the first RNS?

Am looking forward at last to the announcement of the new directors, funding, acquisition of Kabwe and disposal of Rukwa in December.

I didn't acquire 4% of the company's shares for the fun of it, and nor did QvanderBurgh or Jason Brewer through their companies in acquiring 48.4% last year.

I only wish that they had proposed the removal of the directors who are leaving as soon as they knew they were on such large salaries which were totally out of proportion to the company's minimal revenue. There may have been more cash left then.

GreenWolf - I thoroughly understand your post in that communication to the market by RNS has been limited and as a result of that, there are real doubts on the company's future.

Will just have to wait for the next RNS, which with the a number of the current directors leaving at the end of this month, can't be far away now, as the market will need to be advised as to who will be replacing them.

An update on the funding is obviously required as well.

I

I expect news on funding will have been delayed until the current directors who are leaving tomorrow have gone. Therefore I am not surprised that funding has not yet been announced.

New board to be announced as well of course. Start of a new beginning for Shuka. It's been a long long time coming, but it should be worth the wait.

Nothing of note will be happening at Rukwa and I expect expenditure will be kept to a minimum to just keep it on a care and maintenance basis whilst a buyer is found.

Not sure why you don't think $500K will do much. With salaries for new directors at a sensible level rather than the extortionate level they have been , that can go quite a way until AUO funding next year.

Greenwolf - Michael is sniffer78

Good to hear that time is being spent on the Tungsten mines acquired by Marula earlier this year with a view to production next year. Tungsten will be an increasingly valuable commodity with China restricting its exports of the mineral.

Just added a further £2K. At 7.4p my trade and the previous one were buys.