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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Sula Iron | SULA | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.06 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.06 | 0.06 |
| Top Posts |
|---|
Posted at 08/1/2018 13:50 by cpap man Market in SULA shares starting to tighten up! |
Posted at 30/12/2017 19:58 by temmujin what i like about this company is directors bought at much higher pricesTrade Date Action Notifier Price Currency Amount Holding 18-Nov-16 Placing Trade Notifier Information for Sula Iron & Gold Roger Murphy 0.22 GBX 15,714,286 15714286 18-Nov-16 Placing Trade Notifier Information for Sula Iron & Gold John (Iain) Macpherson 0.22 GBX 38,269,748 38269748 18-Nov-16 Placing Trade Notifier Information for Sula Iron & Gold Howard Tennant Baker 0.22 GBX 7,715,876 14507542 View more Sula Iron & Gold directors dealings >> so i expect this to 3 or 4 bag soon |
Posted at 12/12/2017 09:52 by stuj1970 That's sounds good, do think Sula has legs and 2018 with some good news on JV and this Cobalt play could properly put them back on the map, please though no more dilution!Here's looking forward to 2018 with the SULA....SJ |
Posted at 11/12/2017 15:28 by cnrns4 escapetohome, The problem here isn't the potential imo, but lack of confidence in the market due to past events. Potential in gold/iron ore/cobalt is there but the trick is knowing how to release it, 2017 has been a good year on exploration front ( gold ), 000's of mtrs were drilled and some good results were recovered albeit they were spaced out. Key for me is the upcoming SRK report, that will give us figures / rough ideas etc. On iron ore front that will always be an non-core asset which has value, sooner shangdon wake up and buy us out on that front the better for us. Cobalt is something which most havent heard of and has its value, check early players and see where they are right now, Key again for us here is we have picked that licence up very very cheaply only $100k.As i say the problem for sula is not as if they are not trying they are, but its lack of confidence in the market mainly due to dilution after dilution. I would give sula bod 10/10 for trying in 2017 on exploration front and have no doubt they will keep doing the same in future. One of the biggest obstacles for sula was under 0.10 they couldn't raise ( that could have put them out of business ) but after juggling with the law/rules of aim they have pulled it of albeit at heavy discount ( which i wasnt in favour of ) under current market condition i think they did a good job in pulling it of, yes they could have waited another few weeks/months for shareprice to pick up before doing the placing, maybe that risk wasnt worth taking for mainly 2 reasons. 1. Market made an offer they couldnt refuse, it was do or die situtation, they had no choice but to take it up right away, we all know these city fat boys always line up their own pockets. 2. The opportunity came to get into cobalt and they had to make a quick and firm decision, maybe they didnt have long to come up with the funds, and the opportunity was too good to turn away especially at $100k for 70% stake. Like i say the biggest risk was sula going down and out, now that has been removed, i look forward to 2018 and see what plans the bod have, they have banged on about how keen they are in creating value for shareholders, well now after the raise this is their chance maybe last chance. At slightest sign of recovery/re-rate/con |
Posted at 10/12/2017 10:51 by stuj1970 Who knows Tem in this over tech world we live in, but more importantly why would anyone do this for what 'real' point or reason......There's always a reason of course, money is sadly never far behind an action......Now for the re-action I guess, me is invested in SULA and naturally want them to succeed with all prospects and projects ongoing....Let's see what the next few months bring, hopefully SULA's webmaster will sort this first thing in the morning prior to open although I would be surprised.....Atb... |
Posted at 10/12/2017 10:11 by stuj1970 Sula website has now been hacked by Anonymous....http:// |
Posted at 08/12/2017 17:57 by temmujin Acquisition and Proposed Placing and SubscriptionFri, 8th Dec 2017 17:06 RNS Number : 8809Y Sula Iron & Gold PLC 08 December 2017  For immediate release Sula Iron & Gold plc / Index: AIM / Epic: SULA / Sector: Natural Resources  8 December 2017 Sula Iron & Gold plc ("Sula" or the "Company")   Proposed placing and subscription to raise approximately £1,750, Settlement and termination of the Riverfort Facility and associated buy-back of ordinary shares from D-Beta Acquisition of a controlling interest in the Cobalt Licence Change of name Proposed Share Capital Reorganisation and amendments to the Articles of Association and Notice of General Meeting Introduction The Company today announces that it has acquired a controlling interest in a Cobalt Licence and has conditionally raised £1,750, The net proceeds of the Fundraising will be used: 1.  to capitalise a new company to be incorporated in the DRC which will be 70% owned by Sula and 30% by the Vendor which will hold the Cobalt Licence; 2.  to provide working capital to commence systematic geological exploration work under the Cobalt Licence, so commencing the process leading to the definition of an initial JORC-compliant cobalt and copper resource; 3.  to buy-back the D-Beta New Shares; 4.  to provide working capital to Blue Horizon, the Company's subsidiary which carries out its gold and iron exploration activities in Sierra Leone; 5.  to assess other cobalt-copper opportunities in DRC; and 6.  for general working capital purposes.  A Circular containing further details of, inter alia, the Fundraising and the Acquisition, and including a notice convening the General Meeting which will be held at Michelmores LLP, 12th Floor, 6 New Street Square, London EC4A 3BF on 27 December 2017 at 10.00 a.m., together with a form of proxy for use at the General Meeting, is expected to be despatched to Shareholders today and will thereafter be available on the Company's website at www.sulaironandgold.  Roger Murphy, CEO of the Company, commented: "We are very excited to announce this significant addition to the Company's strategy and exploration activities. We are bullish on the outlook for cobalt and the other battery metals and believe that the creation of African Battery Metals plc will provide UK equity investors with exposure to cobalt, which some analysts see as the battery metal with the tightest supply/demand fundamentals. The complementary skills of our Board and the experience of our Technical Advisors, Madini, of operating within the DRC provides us with, I believe, an advantage in operating in the region, where most of the world's cobalt is found. The addition of cobalt to our existing gold assets in Sierra Leone, provides important diversification to our exploration activities. We remain committed to our Ferensola Gold Project and to maintaining and valorising it through a joint venture or farm-out, as previously announced." |
Posted at 05/12/2017 08:11 by escapetohome Atlantic I think if i were to be promoted to board member i would direct sula to issue a cryptocurrency right now along the likes of lionsgold.All these aim stocks seem to suddenly sky rocket at the minute. Come on sula! |
Posted at 04/12/2017 08:22 by failedqs Sula have had the iron ore in periods when ore was much higher than it is now, and nobody was interested then....It's a question of monetising the asset, and sula have relied on someone coming to them and either buying the company in its entirety or entering into a JV (why would you? Pick up the pieces from the administrator in a few months instead.....)Gold - non starter, not enough there.But Temmujin - the announcement you have stated is coming might change all that, so things might change for the better...... |
Posted at 05/12/2016 10:38 by bigjames2 Fantastic. Great announcement. More money for additional drilling?Sula (AIM: SULA), the multi-commodity exploration company focused on Sierra Leone, is pleased to announce that, following a comprehensive adjudication and tender process, Equity Drilling Ltd (“EQD”) has been selected for its upcoming drill programme. Drilling is scheduled to commence in January 2017 and two of EQD’s state of the art diamond drill rigs are being mobilised from South Africa, with drill pads and camp organisation being carried out in Sierra Leone, ahead of the drill programme. As part of the agreement, over 50 per cent. of the Sula’s standard costs to drill will be settled via the issue of new ordinary shares in the capital of Sula (the “Fee Shares”) to EQD. The Fee Shares will be issued by Sula within one month of the completion of, and release of drill results from, an initial planned programme of 2,400m of drilling. The issue price will be the higher of the prevailing share price after the release of results from the drill programme and a pre-agreed floor price being 0.35p. This innovative financing should enable Sula to drill additional metres in excess of the planned programme of 2,400m depending on the initial results of the drilling campaign. Furthermore, the Company is pleased to announce that EQD has agreed to waive all mobilisation costs associated with the transportation of the two drill rigs and ancillary equipment from South Africa to the Company’s wholly owned flagship Ferensola Gold Project, located in central Sierra Leone. Sula (AIM: SULA), the multi-commodity exploration company focused on Sierra Leone, is pleased to announce that, following a comprehensive adjudication and tender process, Equity Drilling Ltd (“EQD”) has been selected for its upcoming drill programme. Drilling is scheduled to commence in January 2017 and two of EQD’s state of the art diamond drill rigs are being mobilised from South Africa, with drill pads and camp organisation being carried out in Sierra Leone, ahead of the drill programme. As part of the agreement, over 50 per cent. of the Sula’s standard costs to drill will be settled via the issue of new ordinary shares in the capital of Sula (the “Fee Shares”) to EQD. The Fee Shares will be issued by Sula within one month of the completion of, and release of drill results from, an initial planned programme of 2,400m of drilling. The issue price will be the higher of the prevailing share price after the release of results from the drill programme and a pre-agreed floor price being 0.35p. This innovative financing should enable Sula to drill additional metres in excess of the planned programme of 2,400m depending on the initial results of the drilling campaign. Furthermore, the Company is pleased to announce that EQD has agreed to waive all mobilisation costs associated with the transportation of the two drill rigs and ancillary equipment from South Africa to the Company’s wholly owned flagship Ferensola Gold Project, located in central Sierra Leone. |
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