Sula Iron Share Discussion Threads

[dicko80] 27/4/2016 10:14

We know he's the brains behind the gold

Is something a foot ? #JV

[oilbuy] 27/4/2016 07:47

Warrants at .45pLets see if the markets reacts to that !

[nocky44] 25/4/2016 19:09

Suggested as potentially good buy on latest sharepickers podcast along with RRR And AGQ by DocH

[oilbuy] 21/4/2016 20:19

So RNS tomorrow !

[dicko80] 21/4/2016 12:49

Ha ha ha ha

They should have started the survey on Wednesday hence my predictions of an RNS

I guess the JV talks have got in the way and this will be released tomorrow instead :-) LOL

[dicko80] 20/4/2016 13:43

RNS tomorrow !

[oilbuy] 19/4/2016 16:23

Agreed. Nices grades on good tonnage.

[dicko80] 19/4/2016 16:10

Your like a yo yo

No brainer at this level

RNS tomorrow

[dicko80] 18/4/2016 16:07

Thanks, but you missed a bit.

2.7p target !!!

Sula Iron & Gold (LON:SULA) has announced initial results from its fieldwork programme. The first stage of the fieldwork has involved sampling of goldstone and sulphide stone located within SULA’s tenement area. The results were encouraging and highlight the potential for further mineralisation in the area. The weighted average grade of the goldstones sampled was 5.21g/t Au and SULA interpret these stones as close to its primary source which is appropriate, in our view, given the results of prior exploration and the anecdotal evidence from artisanal miners. The sulphide stones which are less frequently occurring than the oxidised goldstones may suggest that sulphide mineralisation underlies the known oxidised mineralisation.

In addition to the grab sampling programme, which demonstrates the strong potential for further mineralisation, SULA has revaluated the data from the November 2015 drill programme. This has resulted in additional mineralisation being confirmed in two further drill holes meaning that the frequency of gold occurrences across the programme increased from 70% to 80%. Although this means the weighted average grade over the drill programme is marginally lower at 4.21g/t Au (4.48g/t Au previously), the strike length of the shear zone is now 480m versus 350m yet remains open at depth.

The initial results are encouraging and we await the outstanding assay results from the grab sampling programme alongside the Induced Polarisation survey which is due to commence imminently.

We reiterate our Speculative Buy recommendation and target price of 2.7p/sh.

[thomasthetank1] 18/4/2016 14:37

Read VSA Capital's note on SULA IRON & GOLD, out this morning, by visiting hxxps://www.research-tree.com/companies/uk/typical_mining/sula_iron_%26_gold_plc
"Sula Iron & Gold (SULA LN) has announced initial results from its fieldwork programme. The first stage of the fieldwork has involved sampling of goldstone and sulphide stone located within SULA’s tenement area. The results were encouraging and highlight the potential for further mineralisation in the area. The weighted average grade of the goldstones sampled was 5.21g/t Au and SULA interpret these stones as close to its primary source which is appropriate, in our view, given the results of prior exploration and the anecdotal evidence from artisanal miners. The sulphide stones which are less frequently occurring than the oxidised goldstones may suggest that sulphide mineralisation underlies the known oxidised mineralisation…;"

[oilbuy] 18/4/2016 10:17

Please elaborate ?

[fenseal3] 18/4/2016 10:10

oilbuy you need to rethink where you get your chart info from, i have got my eye on another share, still think this may come good but the RNS's coming from this company say not for a long time....so selling today to buy else where GLA!!!

[oilbuy] 18/4/2016 09:49

Ta205 Astonishing recovery and up $70 per kilo

[dicko80] 18/4/2016 08:20

Yes that'll be the "ping" I was referring to

You in now oilbuy ?

[oilbuy] 16/4/2016 17:31

Cracking chartLooks ready for a strong breakout from tight bollinger bands.

[escapetohome] 16/4/2016 16:44

Oh dear barracuda put up a brave fight and the line snapped, gone back out to sea.
However, a great white shark and a guppy are circling.
If the guppy takes a bite ill keep it for the future in my aquarium. Hee hee hee!

[failedqs] 15/4/2016 16:16

Looks like a fairly bullish update to me (and you all know my feelings about Sula, I'm not a fan)HOWEVER - my guess is the next fundraising is just round the corner and this is being used to try and get the price up before they finalise things. And the price rising before the announcement shows that Nick runs a leaky organisation!!.....The next couple of weeks will be interesting though.

[dicko80] 15/4/2016 15:57

Do you not think it's an odd time to release this news !?

Seems they've rushed this out instead of releasing it Monday ?

Or is there more on Monday ? Hmmm