Member Info for Teaye72

The value date in Shuka's account is TODAY. So the payment from Shuka to LEM can be made TODAY.

The RNS was clearly drafted over the weekend... as the payment instructions could have been on Friday, or even Saturday.

More news to come today IMHO.

Agreed, although I would also expect the payment to go straight out to LEM... so the timing of both "legs" could be on top of each other.

We shall find out! And soon.

Believe the RNS said "verbally advised" that the GMI to Shuka payment would go through this week, then the LEM closure by the 15th. Whether we get an RNS on receipt by Shuka, or maybe just final payment by Shuka to LEM I don't know... obviously the latter being the game changer. Have no doubt that it is happening, but not expecting a blow-by-blow at this point. Just confirmation before, or on, the 15th.

GLA.

They have until the 15th....

5.99 paid... an hour of trading to go.

Anyone might think that this is about to finally come in.

GLA. ;)

I guess my point is that almost all AIM companies I am / have been in suffer from BOD apathy, usually coupled with regular raises to keep them in employment. This isn't the JB MO from what I can see. You could argue JB's approach is the opposite, possibly taking on too much... but certainly not one to ignore a challenge. Sure, it's been a long wait for Kabwe... but think about the years of zero progress by the previous BOD with Rukwa. I sense things are about to change across this and other JB companies. Just a hunch, of course... but one of us will be right, for sure!

Because he's not a "lifestyle" operator... He is a deal maker. Just give him time.

One more thing, an important differentiator with Shuka is available shares: there aren't many. There will be c.95M in circulation AFTER the LEM shares are admitted. Around 65m are in sticky hands (published holders and some identified sub-TR1 holders). Thus the price action which we saw in Sept even without the real news dropping...

GLA.

Can't argue about the delays being disappointing and having an obvious impact on sentiment, however I get the feeling the tide is about to change.

The Kabwe asset is huge and, per Rich's interview, offers some quick wins which can be monetised whilst they look at redeveloping the main mining infrastructure. Rukwa is a side-show, but if anyone can monetise it, the JB team can. Suspect focus is just on closing the main deal, after which the ducks will start to line up.

I don't believe Jason is a consultant in Shuka any longer... although personally I think he should be back on the board.

Yup. I mean, it's been promised a few times, but this time it would appear it's the real deal.

Note that UMR has a similarly small amount of shares in circulation... which bodes well.

Roll on next week. GLA.

Https://www.youtube.com/watch?v=CG_V5jloBBk

First tranche of shares were admitted this week. Confirmed although many sites don't have the right figure (like this one). It is happening.

Never understood why people feel the need to vent with such venom against a company/person that they have no commercial interest in. Other than being paid to post, why bother. Surely more to focus on in life... especially AIM.

Anyway... great to see such healthy debate here, as always!

"Good luck" to those invested and holding on. "Get help" to those otherwise engaged.

I suspect the remaining payment(s) will not take until the end of the month... RNS was just giving them ample time to close it.

And, of course, the REAL news will be confirmation of payment BY Shuka.. and admission of shares. And possibly even a bit of Rukwa sales to top it off.

Let's see. Still massively undervalued based on asset size.

Surely "No Opinion"and "AVOID" are contradictory.

But apart from that... and the fact that the asset has changed... and the directors have changed... I am sure you are both well researched and invested.

Not.

They are also missing a 60k sell... 11 trades, 9 shown.

All 11 are printed in Quotestream, though, including your 17454.

News maybe tomorrow if they feel the need to update on progress this week but expecting “the main event” next week… but guessing

Https://www.tradingview.com/symbols/LSE-SKA/

Now a Strong Buy.

Just search for "Shuka"..

It's published in the TG links page