Sula Iron Share Discussion Threads

[woody888] 21/7/2016 22:23

The Crypt is clearly unstable yet the sentiment of his/her last post has undeniable salience > have bumped aforementioned post up to try and conjure something from the SULA board that can save face.

[the crypt] 15/7/2016 10:04

HEH HEH WORRELL HEH HEH HEH HEH

WHAT A LAFFING STOCK

[the crypt] 13/7/2016 18:00

lol - may yer eggs be minced in a bbq.

may the worell be a loser!!! L

[failedqs] 13/7/2016 13:43

It would appear that there is persistent selling - no news of any funding from the alleged partner either.Cash must be almost used up now, another fundraising surely imminent.....On the plus side, Warrell continues to get his £15,000 each month........What a shambles.

[dicko80] 11/7/2016 09:05

Gold going to $10,000 ?

[tsmith2] 08/7/2016 11:22

Admittedly, if they get deal inked..these should zoom ahead.At mo zero cred. But good price big help

[dingo75] 08/7/2016 08:00

1m ounces valued @ £1.5m lol seriously this could 10 bag and still be cheap as...

Good Luck

ATB

[dicko80] 08/7/2016 07:44

Accumulation phase

[overthebridge] 07/7/2016 18:20

More big trades tick tock

[overthebridge] 07/7/2016 16:10

Seller must be nearly done now

[2seabass] 07/7/2016 15:33

Noticed the 19m trade at 0.17 - that's a buy, not a sell as indicated with barclays

[dicko80] 07/7/2016 11:02

Hmmm interesting move

[dicko80] 06/7/2016 08:29

I did a lot of research on gold prior to buying in here. At the time gold was c$1000 per oz and after watching numerous videos and reading article after article, it was clear the gold price was/is being manipulated and over months, years it was only going one way - north. Some analysts even go as far as $20 - 30,000 per oz in time.

From this I looked into various companies where the potential for gold wasn't priced in, nor any other asset... Which brought me here.

Any company that is priced considerably under NAV with all the assets in for free deserves a look.

SULA again confirmed in the interims announced the other day with net assets @ £5.97m, some 300% upside just to get back to NAV before adding in anything for the exploration assets.

So a tick in the box for this....but what do SULA have..

Gold was my primary research focus

I came across the gold video on SULAs website which I found was a great watch and full of info and the potential of anything up to 7m oz touted, looked an exciting project esp if the gold price was to move much higher.

But the interesting thing with SULA is they have The iron with JORC resource in place. Although currently out of favour, is a very considerable asset esp when comparing to the current mkt cap, this at any time could surprise but again shows how undervalued the stock is with no value given to this in the share price

There is also coltan which would be highly lucrative with near surface minerisaltion , low cost high margin esp with said off taker previously stating they would take it as it is once extracted from the ground.

So all in all I came to the conclusion the upside was potentially huge.

No debt, NAV mutilples of the sp, JORC resource for iron, potential large high grade low cost gold asset and similarly low cost, high margin near surface cash cow coltan asset.

The issue has been funding to develop these assets, but with Neg in the late stages with JV partner hopefully this can be sorted and the share price start to reflect the companies NAV and great asset base.

[overthebridge] 04/7/2016 16:40

Risk/reward shows massive upside.Imo 300% update easy on jv fundingVs 20% downside. Buy and hold it will be worth it if jv lands

[fenseal3] 02/7/2016 12:49

They have no cash, I would wait until the next issue, could end up being below 0.15p, (GLA!!!!!!!)

[dicko80] 02/7/2016 10:57

Welcome :-)

You've done well there, you should be handsomely rewarded in due time

[2seabass] 01/7/2016 16:16

Decided to have another punt with 5M shares.

Dealt in Sula many times, even when it shot to 7p+ when SRK report was misinterpreted. Can't help feel that with gold on the upward trend that it may continue going up as the Brexit tangle properly sinks in over the coming months/years. If, and its a big if we get a JV this could suddenly be worth much more, no forgetting the 500mt Jorc for Iron Ore. Sdaly the Coltan seems to be forgotten though. So gold it is!!

[woody888] 30/6/2016 16:20

After todays highly positive and investor steering RNS with reference to an imminent JV it shows the huge level of distrust (note nominal rise in SP)from the the investors in the market to the board (Nick) who will only unleash coiled funds when they actually see the substance of any JV agreement - I hope and pray that Nick does pull this off as Sula from a non investment perspective is truly a feel good company with ace CSR - over to you board of directors and please no more ruinous dilutions.

On a side note I contacted SULA several months ago and suggested a suspension of salaries with the caveat that they could be repaid post JV but got no response...

Still hope that a rabbit can be pulled from the hat however....

[escapetohome] 30/6/2016 11:15

You buyin' brokermandaniel...????

You sell recommendation not looking too clever now is it??

[escapetohome] 30/6/2016 08:14

" but I'm pleased to report that Sula is currently in late stage contractual negotiations with respect to securing a potential joint venture partner to assist with the development of its Ferensola Gold Project, including the provision of additional working capital to Sula. An update on this matter will be provided in due course, as and when appropriate."