Sula Iron Share Discussion Threads

[tidy 2] 23/11/2016 09:18

Gents start your engines.

[tidy 2] 22/11/2016 23:22

And jam tomorrow :)

[deanroberthunt] 22/11/2016 16:13

what, distant bells and tumbleweed :)

[tidy 2] 22/11/2016 15:28

Never liked kefi personally. Always been the same story since 2011

[deanroberthunt] 22/11/2016 14:35

this is by far a much better proposition than it's peer KEFI Minerals, which is valued at £13m....

[tidy 2] 22/11/2016 13:45

Just posted: Sula - take up open offer shareprophets.com/25422 #SULA

[tidy 2] 22/11/2016 13:27

Mcap £3.3m currently and loads of cash for ops

[deanroberthunt] 22/11/2016 13:25

chart looks primed for a big move up over next 3-4 months

[tidy 2] 22/11/2016 13:23

With golden cross building for sure dean.

[deanroberthunt] 22/11/2016 13:22

looking for a breakout to 0.4-0.5p in near term

[deanroberthunt] 22/11/2016 13:17

paying 0.27 now, so your shares at 0.21p are at a 30% discount.

[deanroberthunt] 22/11/2016 13:09

I'm taking mine up in full....

[tidy 2] 22/11/2016 13:05

SULA tomorrow is the last day. If you hold you can take part in the open offer at 0.21p. 3.5m oz gold resource. 10 bags from there during expo phase

[deanroberthunt] 22/11/2016 10:33

Sula Iron & Gold (SULA) had an active last week. Cracking news on the ground (the pump) followed by...you guessed it: the dump. A placing. But. hang on...

First the good news. It was announced that visible gold has been recovered from weathered iron oxide / quartz samples ("goldstones") that were collected from a road exposure that cross-cuts the large Eastern Target (TZ2) Induced Polarisation (IP) anomaly at Ferensola. The samples were crushed and panned. These samples are from an area not previously explored in any way and so all the signs are that the resource is larger than originally thought.

Not surprisingly the shares jumped on that good news.

So on Friday at 4.30 PM ( not an ideal time) Sula announced it had completed a £1.17 million placing at 0.21p but also announced an open offer raising up to £300,000 at the same price. So this was not a massively discounted placing to bucket shop flippers this was good old fashioned broking and the open offer shows that the new management at Sula does look after small investors.

Sula is now funded for aggressive drilling which will drive a re-rate. Some who are close to the action reckon this resource could be 3.5 million ounces with one stating

"If they prove up the resource we believe they have – it’s a 10 bagger even from here"

The shares were tipped at a 0.18p offer by ourselves three weeks ago and are now 0.20p-0.22p. We suggest buying in the market at UP TO 0.22p and taking up your open offer entitlements in full.
- See more at:

[deanroberthunt] 22/11/2016 06:35

should get a corpaorate action in your trading account...this willd etail what you need to do to appy for the placing shares at 0.21p

[tidy 2] 21/11/2016 20:25

Contact SULA and your broker. You should get a message once eligible

[roomb] 21/11/2016 15:45

How does this opportunity to participate work?

[tidy 2] 21/11/2016 15:11

Building to a nice golden cross also.

[deanroberthunt] 21/11/2016 15:05

chart looks set to explode, combined with world class assets, world class mgt, and a desire not to rip off shareholders, as per latest placing at only a small discount to prevailing share price and opportunity for shareholders to participate (very unusual for AIM)....I see this as a conviction buy

[deanroberthunt] 21/11/2016 14:58

could you post the full article "copy and paste" as I don't want to register to get full access...thanks in advance

[temmujin] 18/11/2016 18:35

not a bad price either..and directors buying

[escapetohome] 18/11/2016 16:46

They seem to be acting fast , no messing around this lot

[escapetohome] 18/11/2016 16:45

this seems ok news to me

[atlantic57] 15/11/2016 14:22

deanroberthunt15 apologies yes i should have read the rns rather than skimming
previous posts.