SKA

Shuka Minerals PLC

Basic Resources First-pass screen £4.26m

220/1000 Overall fit

AI beneficiary 35% 15

Operating leverage 25% 20

Valuation 25% 30

Downside protection 15% 25

First-pass take

Loss-making coal/base metals miner: £2.3k revenue, £2.0m operating loss, £1.1m negative operating cash flow, with auditor-flagged material going concern uncertainty. No AI exposure; cyclical commodity business; mining licence renewal risk Feb 2026; minimal operating leverage.

Flags

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