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SKA Shuka Minerals Plc

7.25
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Shuka Minerals Plc LSE:SKA London Ordinary Share GB00BN47NP32 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 7.25 1 08:00:00
Bid Price Offer Price High Price Low Price Open Price
6.50 8.00 7.25 7.25 7.25
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Offices-holdng Companies,nec 194k -1.68M -0.0279 -2.60 4.37M
Last Trade Time Trade Type Trade Size Trade Price Currency
09:44:01 O 1 6.63 GBX

Shuka Minerals (SKA) Latest News

Shuka Minerals (SKA) Discussions and Chat

Shuka Minerals Forums and Chat

Date Time Title Posts
06/11/202410:25Shuka Minerals and charts331

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Shuka Minerals (SKA) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
09:44:026.6310.07O
2024-11-20 13:02:056.50845.46O
2024-11-20 11:49:107.606,579500.00O

Shuka Minerals (SKA) Top Chat Posts

Top Posts
Posted at 21/11/2024 08:20 by Shuka Minerals Daily Update
Shuka Minerals Plc is listed in the Offices-holdng Companies,nec sector of the London Stock Exchange with ticker SKA. The last closing price for Shuka Minerals was 7.25p.
Shuka Minerals currently has 60,219,861 shares in issue. The market capitalisation of Shuka Minerals is £4,365,940.
Shuka Minerals has a price to earnings ratio (PE ratio) of -2.60.
This morning SKA shares opened at 7.25p
Posted at 06/11/2024 08:27 by the_sage1
Have acquired some shares here over recent days, I recall how quickly this moves and it hit 16p last year in anticipation of news.

It is clear the major shareholders wanted director changes and that will happen this month, in effect this is a shell awaiting injection of a major asset.

Only 60m share in issue with nearly half owned by Jason Brewer and Van De Burgh who put in £1.5m last September.
Posted at 04/11/2024 15:58 by dbno
I am afraid I have no faith in either Brewer or Van Der Burgh. Have a look at NEO and MARU. They seem to destroy both the sentiment and the share price of everything they touch lately. I would love to be proven wrong.
Posted at 30/9/2024 13:05 by scoots
I will be amazed if they are able to sell Rukwa for anything approaching £6 million pounds. No one will want to buy a Mickey Mouse operation with two second hand trucks and very little coal production. Shuka will probably have to give it away and write off the book value causing the share price to collapse. Buy then if you are brave enough.
Posted at 23/8/2024 13:38 by m1sterx
Market makers struggling to fill supply, now asking 6.8p for just £2k's worth.

Lots of online rumours to the positive concerning SKA currently.
Posted at 23/8/2024 10:44 by citys2874
good start this morning for SKA and PIP Should both rally today
Posted at 23/8/2024 08:06 by mrmcnee
So the two main players here hold 49% of the shares investing nearly £1.5m last year, namely Jason Brewer and the owner of the fund who will (eventually) put up the £2m into SKA namely Quinton v d Burgh.

It looks a no brainer buy down here, especially as Brewer has confirmed the acquisition is still going ahead and more news seems imminent.

When BOD's have that much skin in the game you follow their money.

No wonder you cannot buy many.
Posted at 23/8/2024 07:24 by silverspoon2009
Premiums being asked for tiny quantities of stock.

Saw this post on LSE, could this be why....


JB is available on X, has reiterated his holding of 11.7m shares, not happy with the share price, has spoken to QvB, from comments on social media and a few who have contacted him he has also suggested funding will come, has re-iterated that SKA continues to complete the acquisition, look out for more RNS updates shortly.

I have added, sellers will rue their exit IMO
Posted at 28/6/2024 08:44 by lurker5
Hang on. Where exactly is this acquisition ? SKA says in 'East Africa'. I wouldn't have thought Zambia was 'East Africa'. Its actually nearer central Africa, and Kabwe is in central Zambia.
But If its the old Kabwe mines, remember many cos have tinkered and either let drop or have come a cropper. And if acquired, the 'exploration and development' program (and mining plan) before anything starts will be expensive. So a lot more cash to be raised. On top, no details of that 'in-ground' resource. Can't be reliably calculated without a JORC; how long to extract ? What basis for the NPV - over how many years ? . Its useless as a guide for investors without a lot more detail - eg up-front costs, mining timetable, etc etc ie needs a PEA at least. NPV's are not a guide to what to pay in any case and are never achieved in practice. Maybe a speculation at this low price. But beware if anywhere near pi's back-of-envelope calcs.
Note also from 2023 local press "Kabwe is one of the worst pollution hot spots in Africa because of contamination from a former lead and zinc mine. The mine was originally owned directly or indirectly by Anglo-American and other British colonial companies, later nationalized, and closed in 1994. But the mine’s toxic waste was never cleaned up"
With todays greater emphasis, who knows what environmental costs SKA might meet.
(And why does anyone suppose its so cheap !)
Posted at 26/5/2024 12:43 by mininglamp
Here is the 75p a share summary, taken from LSE.



HawaiifiveO


Trying to put some perspective on the value of the proposed acquisition based on a heavily discounted scenario + fully diluted shares in issue and project NPV. I come up with 75p a share - where will the share price open at I have no idea but 10p will be history, the timing of the RNS will catch many out Tuesday so there could be opportunity to get in before others who may have missed the news.

Current m/cap here is circa £6m with only 60m shares in issue with management holding 50%, the free float is tiny.

The prospective deal has a NPV of $560m with resource in the ground valued at $2b (NB, numbers based on just 2 of 5 resources as per RNS)

Even if you allow for 75% risk discount for delays/inaccuracies/time etc on the NPV (at current FX rate £450m), would equate to £110m.

A simple translation £110m x fully diluted deal close 150m shares would equate to circa 75p a share and that is on only 2 of the 5 resources (if the full NPV was used it would be £3 a share)

Comments appreciated but the proposed deal is a mega one, possibly one of the largest in recent times for a AIM listed tiddler.

This has to open up circa 15p/20p and run on from there IMO.
Posted at 10/1/2024 11:33 by scoots
I thought this might be worth raising again with a few minor adjustments.About two years ago Edenville Energy had very little money, a lacklustre board of directors, two second hand trucks and a few small piles of coal. The share price hovered around 25p.Now, as Shuka Minerals they have a, supposedly, high flying team of entrepreneurs at the helm, access to piles of cash and yet the share price languishes at 11p.Something still seems wrong but good luck all.Before I get accused of deramping I am heavily invested here and would dearly love to see the hype and wishful thinking translate into a decent share price.
Shuka Minerals share price data is direct from the London Stock Exchange