Member Info for sniffer78

Simply Rukwa is still burning cash, and even more so now as its the rainy season till January. So that 500k will burnt very quickly.

No doubt one will be linked with QGC team, thats a given. 500k loan will be drawn down. Why because funding has hit the buffers, simple as that and won't be happening till 2025. 500k loan won't do much. Kabwe is way off, don't believe the Telegram group pushing its coming once BOD has gone. New investors will be waiting sometime.

Looks like still offloading tbh 1 mill sells etc reckon they have offloaded around another 6/8million + last 2 days

Price action over last month suggests a equity raise, is or has been organised. It's just a matter of time till RNS imo, will it be November or December GLA

Be careful mentioning going concern and factual stuff from RNS, the rose tinted Brewer following don't like that. Shocking that the BOD are hanging on to till the clock strikes 12 on the 30th of Nov. Also only funding will be happening will be 500k which won't go very far. Kawbe asset is a complicated beast as i know very well, that won't be a quick completion imo. Telegram group calling news again one day they will get it correct lol. BOD changes will be next week no doubt followed with 500k loan. Hopefully Q1 2025 they get a new asset completed.

New rumblings on the Anglo lead and Zinc poisoning from 1950's onwards in Kabwe. Not sure if positive for SKA or negative, as we are chasing Kabwe lead and zince asset.

https://africanminingmarket.com/anglo-american-to-answer-for-its-toxic-legacy-in-kabwe-zambia/20207/

https://home.crin.org/readlistenwatch/stories/joint-letter-anglo-american-lead-pollution-and-poisoning-zambia

Less than 22 trading days, because South Africa will be winding down for Xmas etc. They celebrate just like us, been invested in Africa mining stocks before and shut down and paper work legal stuff and ministry mines etc around 2 weeks before xmas. GL

No mid Sept 2023 Average 12p one day Rodders

Moisture in stockpiled material, iv seen that also in a update or accounts. I agree that asset needs moving on ASAP.

GreenWolf as you are a long term holder and fully understand the coal asset and it pitfalls over the years. I invested because of the 1.5 million investment and potential new asset in zinc and other minerals. Only for the BOD to burn through it in 9 months. The coal asset is and has been burning cash still, which is blamed on the rainy season. I didn't know it rained in Africa for 12 months of the year, shocking. From the RNS below it seems to me from that paragraph below they have no intention of disposal. Only thing that i can think of, if it's disposed of SKA becomes a investment company and has x amount of months to close a asset. With the current Kabwe and its complexity and still not closed, SKA would of been put into supension.

Operational Performance

Rukwa Coal Mine

Operationally, the Rukwa coal mine has faced challenges, particularly due to the rainy season, which caused a temporary halt in production. Nonetheless, with the return of local staff and preparation for the new production cycle, we are optimistic that output will resume in the coming months. Demand for coal in regional markets remains strong, and we expect this trend to continue into the second half of the year.

12 Chuggington, come on we have had excuse after excuse for around 9 months. Its the ministry its the Nomad, its the president. Once the BOD have gone and the uncertainty is removed i will take step back and revaluate. I will not be pro with the current uncertainty, it has to be removed, you can't say its invincible because a director has skin in the game look at BMN new CEO skin in the game now in suspension.

chuggington the bod stepping down in around 14 days will happen i have no doubt about that. like i've said uncertainty either su*****on or 500k plaster in next 14 days. su*****on is not what i want, be grudgingly the 500k isn't, as i would like the 2 million funding commited. if its the 500k then kabwe won't be happing imo till q1. kabwe is a asset i know only to well and will dicuss if the deal is closed in q1.

Up pop the rose tinted Telegram group. Booted for stating whats in the RNS a going concern and nothing material been reported for months. All jam tomorrow, you all hang on every word Brewer tells you, you have all been expecting news month after month. Especially the last few weeks in the Telegram group lol you expected news last week. Also today hahha

Sadly i do, i will not be promoting it with all the uncertainty attached at moment, and will continue to say it how it is. A going concern.

For last 3 trading days, suspension looming.

Especially the 4.30pm ones, gulp

tick tock, neo funding has hit the buffers, so the 2 million won't be coming for good month or two. su*****on in next 14 days or 500k loan.

Come back in 4 weeks, funding still way off. .90 will Arrive again next week GLA

Don't fall for it, biding time. More and more investor's are wising up to the way he works, you are just a number and people in his circle are the ones who matter. GL

Well the RNS, that is the ice breaker for the next raise imo, GLA