Shuka Minerals Share Discussion Threads

[space_dust] 29/2/2024 11:37

Today, looks like it is getting closer...

[space_dust] 27/2/2024 15:48

One day material news will come, Brewer today.....

[scoots] 26/2/2024 14:07

......close down probably

[juliemara] 26/2/2024 13:44

'...to wrap up.' ???

[someuwin] 24/2/2024 11:46

Jason Brewer @JB_MiningAfrica ·24m

Been several months now since getting involved in Shuka Minerals.

During this time key focus has been on finalising due diligence and acquisition terms on a strategic asset in Africa.

Legacy matters now also resolved and clears path ahead to wrap up.

@Shukaminerals_ #SKA

[scoots] 23/2/2024 16:38

If not , there should be.

[juliemara] 23/2/2024 16:26

Again off topic but has any paid poster been prosecuted for deliberately, and knowingly, being misleading on these boards or on social media sites like X ? There must be relevant laws covering it!

[scoots] 23/2/2024 15:48

I don't know, but maybe we will find out.

[juliemara] 23/2/2024 15:22

Apropos nothing in particular, and no inference intended, but what are the "white collar" crime extraditions arrangements between South Africa and the UK?

[scoots] 21/2/2024 15:30

Wow, really flying now

[scoots] 21/2/2024 12:50

Wake up guys and gals, we are rocketing.

[juliemara] 15/2/2024 14:59

10% out of the window. Africa wins again!!

[space_dust] 15/2/2024 11:54

SKA obviously consider today's news very material.

[space_dust] 15/2/2024 08:44

Significant news today not really appreciated by the market so far, the dispute has been a drag on progress, now settled.

More news has been telegraphed via recent interviews.

[mininglamp] 15/2/2024 08:16

Today's settlement at Rukwa paves the way for some form of corporate move there, maybe a disposal.

They have settled a legacy matter that has been an obstruction and a nuisance for a very long time for a modest cash sum.

[juliemara] 14/2/2024 11:58

SKA should be seeking refunds from their paid rampers!!

[alialialiali] 13/2/2024 06:41

Believe Noble Helium's (ASX: NHE) North Rukwa Mbelele discoveries even closer, almost adjacent, to Shuka Minerals (LSE: SKA) sites than Helium One's discoveries (LSE: HE1) - interesting times indeed!

[mininglamp] 12/2/2024 13:58

SKA is currently a shell based on £6m m/cap, the plan is to inject a near production project into the shell, all funding, unlike other AIM listed vehicles, will come from QGC Fund, this means all the costly and time consuming studies (used to secure bank finance) will not be needed.

The purpose of the listing is to reward shareholders, 50% is owned by management so they will be the main beneficiaries, the warrants are priced at 25p and expire end June if I recall.

I think the long wait for news will be over shortly.

Nigh impossible to buy online currently.

[scoots] 12/2/2024 13:55

Like I,ve said before, something stinks

[juliemara] 12/2/2024 12:03

Why are we assuming a rocket in the SP? Is it just because of the warrant price? The fact that they're going to use SKA as a vehicle for whatever asset it is they're planning to buy doesn't make SKA any more valuable. If the mining site being purchased is a serious bargain why share it with the other 50% shareholders? Why not just buy it privately?? What am I missing??

[mininglamp] 12/2/2024 09:39

Tweet today with link to 1m interview, it looks like the long awaited RNS is very close.






Shuka Minerals Plc @Shukaminerals_
·
1h

" We have been spending a lot of time finalizing the due diligence and documentation for an asset which we are looking to acquire..."

@JB_MiningAfrica said during an interview with @RoastPR at the #miningindaba2024.

[mrmcnee] 09/2/2024 15:28

Re the above post I agree, took some more yesterday, the market makers seem to be edgy as they only have £3k of shares on offer currently.

I believe this is poised for a large % move soon enough.

[space_dust] 09/2/2024 15:16

That interview was the most direct I have ever heard from a CEO without actually telling the market via RNS, one suspects few have latched on or are unaware.

The delay down to meticulous due diligence - now completed
The new project will be 'well received' by the market
No reverse takeover triggered, no suspension
Funding will come from internal sources


This is a £6m m/cap company, management have warrants that expire mid year priced at 25p

There is very little time to get onboard here, remember the shares hit 15p last August, what price once the deal is announced 20p/30p ??

[bargainbuyer] 09/2/2024 00:14

I agree, there are plenty of other good reasons to be buying this stock.
Highest volume too since the name change. Perhaps investors are twigging on.

[mininglamp] 08/2/2024 17:43

I suspect some of the buying today was not entirely down to the Helium situation.

In this interview released 1 hour ago Jason Brewer is very explicit and confirms the deal they are doing for Shuka will be 'well received' by the market, he adds the deal will not trigger the reverse takeover situation (avoiding temporary suspension) and the delay in presenting it to the market is down to thorough scrutiny by the Nomad and due diligence, it looks like the delay will end soon.

It does look like news is imminent therefore.

Shuka is mentioned after 9 minutes.