Shuka Minerals (JSE: SKA)

R0.80 now, that's down 5.56% today eish

Back under R0.80. Eish.

0.80 now, good day to top up.

0.80 now, bit of a knock today lol

0.85 now, that's a decent pop today.

R0.85 now, that's a lekker move today

SKA at R0.65 is honestly a steal if you believe in the exploration story. Pre-revenue yeah, but look at what Kumba and Impala were trading at before they went into production, geezus. The cash position is solid enough to fund drilling through to next year and if they hit what the geological data suggests, this thing runs hard. Can't fix stupid if you're sitting in cash waiting for a dividend instead of backing exploration upside.

ska sitting at r0.65 is pricing in a lot of fear about the rand and rate cycle. junior miners get smashed when the fed keeps rates high and em currencies tank, but the long-term view hasn't changed, exploration upside is still there. holding tight, markets are shaky but these assets don't disappear.

Worth a deeper dig on SKA's exploration pipeline lately

good morning everyone, ska sitting at r0.65, exploration plays need patience here

SKA at R0.75 is still pricing in a lot of pessimism, especially if they hit their exploration targets this year. The MD&A from last quarter mentioned they're moving into the next phase on the main prospect, which is basically when costs ramp but so does optionality. Could read as a setup if management actually delivers on timeline rather than the usual mining delays.

interesting numbers if shuka can actually move the needle on their exploration targets. rand weakness usually helps miners but dev stage plays like this need actual resource definition to matter. fwiw the float's tight enough that a decent discovery could move things, but sitting at r0.75 means market's pricing in plenty of execution risk still.

SKA sitting at R0.75 is honestly a steal if they can pull off that Limpopo project. Mining juniors trade on potential not earnings, and the resource they've defined there is solid. Compare that to where some of the other explorers are trading, we're getting decent value for the upside when they move to dev stage.

Did some homework on SKA last night, balance sheet looks solid

SKA sitting at R0.80 is still cheap if they pull off the exploration targets, seen worse juniors trade 10x on half the upside. problem is funding in this market, rand weakness makes offshore capex brutal but also makes SA assets look better to international buyers. if they hit something material next 18 months this runs hard, but need to see drill results not just promises.

Been digging through the recent SENS filings, balance sheet tightening up

SKA sitting at R0.80 is mental value if they actually get that Limpopo play into production. Comparable juniors are trading at 3x revenue multiples, these guys are basically priced for the cupboard. Question is whether they've got the capital to move past exploration or if it's another slow bleed.

eish SKA bouncing off lows, exploration upside still there

positioned perfectly at r0.80 when you look at what barrick and harmony are doing on the regional exploration front. shuka's got real assets in the ground and the market isn't pricing that in yet. the future excites me, this one's a veritable bargain for patient holders.

been reading up on ska, interesting one