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Boring, boring, boring, boom 💥
Chairman, Patrick Doherty, has now spent c. £202,000 on acquiring shares in the company since 22 March 2024! Now if that doesn't show confidence in Unicorn I don't know what does.
Announcement that Chairman now owns through his company 16.3% with further buying. Now a wise and successful Irish businessman does not invest as much as he has in the past few weeks unless he sees a nice gain in the year ahead.
Follow the leader!
So we have had the TR1 announcement that the Chairman has purchased a further £22,500 worth of shares this time at 10p. That added to the £97.5K worth bought earlier this month. So a total of £120K worth now. Not loose change!
Jason Brewer has advised the Board on a number of possible acquisitions and no doubt due diligence is being carried out on one or more. It is just a matter of time before one is agreed to be bought.
Mcap currently £3.6m. Don't forget that the company already has a zinc asset in Ireland with real potential based on their drilling results so far and with other companies' resources nearby which have been already proved to have good prospects of being economic to produce. So this is not a cash shell. It already has value.
Add to that a further zinc resource in Namibia or an East African country and the mcap will undoubtedly increase.
I have been increasing my holding gradually for months now and at the current mcap and with the Chairman investing a very decent amount, this is a no-brainer imho for investment and a potential bagger.
See my earlier post for one of the potential acquisitions Namibia Lead and Zinc.
Ska, another Jason Brewer co, just had some great news after hours. Wonder if neo or umr is next for some good news.
All Jason Brewer companies
Really good couple of days for the SP. Two large buys from yesterday reported after hours today at £22.5k and £23.28k and some other good size trades at £10k and over. Wonder whether there has been some further director buying? Whether or not, it’s good to see these size buys. Mcap still under £4m; so I expect to see some further increase in the SP to come pre any announcement of an acquisition.
As is fellow Rick, Marcus.
However, don’t need them to push the SP up, the new acquisition will easily do that.
For anyone not wise to this, Janet2007 is a paid ramper. Look at it's posting history.
The chances of it being a genuine poster called "Janet" are low.
Chairman has acquired 100k shares now for £97.5k over the past 10 days. A signal to the market that a transformational acquisition is on its way.
Mcap still only £3.2m.
Rick123 have a look at GILD next multi-bagger worth a look too
Yes rick123 see this being a strong blue week for UMR
Zinc is currently the fourth most widely consumed metal in the world after iron, aluminium, and copper. It has strong anticorrosive properties and bonds well with other metals. Consequently, about one-half of the zinc that is produced is used in zinc galvanizing, which is the process of adding thin layers of zinc to iron or steel to prevent rusting.
The next leading use of zinc is as an alloy; the zinc is combined with copper (to form brass) and with other metals to form materials that are used in automobiles, electrical components, and household fixtures. A third significant use of zinc is in the production of zinc oxide (the most important zinc chemical by production volume), which is used in rubber manufacturing and as a protective skin ointment.
The price of zinc has been rising fast this year.
Namib Lead and Zinc looks to be an ideal acquisition for Unicorn, as it would produce the same mineral - zinc - that the company already has a resource for in Ireland. One thing the company needs is revenue from a second or even third resource to provide funds for financing their Irish operation, which could prove valuable based on the results from the work that they have already carried out there and the excellent results from nearby projects.
Namib Lead and Zinc has a full mining licence, 2 exploration permits and the necessary environmental permits. It also has 56 potential targets for mineral deposits discovered from a survey carried out in 2022.
It has been under care and maintenance since 2022.
In summary, Namib Lead Zinc Mine is a low-cost, high-grade, fully permitted, construction production ready project with near-mine Resource expansion upside. It is located 30 km from the town of Swakopmund and 75km from the port of Walvis Bay with fully established infrastructure to re-start mining operations.
Historic production of narrow zones from 1968 to 1991 has transitioned to modern bulk mining and a newly constructed processing and flotation plant. Production after restart in 2019 achieved levels up to 19,000 ore tonnes per month and 2,000 tonnes of contained metal per month.
This is the sort of near revenue producing asset which is the type that Jason Brewer looks for.
Unicorn's current mcap is just £3.22m and a low free-float with the Chairman and Board having a decent level of shares in the company.
Can’t see a thread of your conversation with him. Please do tell.
See my post yesterday below.
Not sharing the inside information you have?
I have spoken to Jason Brewer and am aware of what is 'brewing' at Unicorn.
So Peter what is brewing then?
The Board have skin in the game. So important for investors.
Could QGC, financier and much more for Marula, get involved?
I'm invested in this company but the Janet2007 poster is a clear pump and dump merchant, who obviously knows nothing of JB's ideas for this company.
It will be continuing the Irish mine and are doing DD on a near ready to go South or East African mine.
The only thing European could be the owner, not the location of the mine.
Hi Janet2007. Where did you get the idea that Unicorn is looking to swoop for a distressed mining company in Europe?
That sounds totally not what Unicorn are likely to do. Via Jason Brewer's recommendations, they are looking to acquire a near production mineral resource in Eastern and Southern Africa and at present are carrying out due diligence on at least one.
I have spoken to Jason Brewer and am aware of what is 'brewing' at Unicorn.
I agree that this is a bagger in the making with the current mcap below £3m and a low free float.
Good day buys strong today should open strong tomorrow too
2024 is going to be big for this company
Yes saintpeter7 looking to swoop in for a distressed mining company in Europe news coming very soon
Buys outstripping sells massively today should break past 10.00+ tomorrow