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SULA Sula Iron

0.06
0.00 (0.00%)
17 Dec 2024 - Closed
Delayed by 15 minutes
Sula Iron Investors - SULA

Sula Iron Investors - SULA

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
more quote information »

Top Investor Posts

Top Posts
Posted at 09/1/2018 12:35 by cpap man
Anthony Milewski: 2018 Is Going to be the Year of Grid Storage



Anthony discusses Cobalt 27 and how they did well this past year. 2017 was the breakout year for the electric vehicle market, and it is accelerating faster than most analysts anticipated. He thinks a new story will emerge this year that will shape the market.

This story is the concept of grid storage which involves attaching large battery banks to the electric grid. All power grids globally have demand for this technology. Tesla’s grid solution in Australia has demonstrated how this technology can dramatically improve electrical systems.

Grid storage applications will require a sizeable quantity of lithium ion-based batteries and will likely move towards vanadium based batteries that are in development. Vanadium is an interesting technology, but there are risks. If you are looking at vanadium, you may want a small speculative investment.

E.V sales have continued to impress analysts. The coming quarters will likely continue to show an increasing demand for them. The nickel sector is going to be a sleeper as the market has not yet priced in this potential.

He feels the broader equity markets will show the most gains during the first half of the year with the second half driven by quantitative easing concerns. We are still well below the peak of the last commodity supercycle. Ultimately money will flow into commodities. As a result, he thinks copper equities will have a big year.

Automakers have a different view of the transportation market. They see Electric Vehicles as a means to bring autonomous vehicles to the marketplace. They are looking at how to get cars to drive and park themselves.

Talking Points From This Week’s Episode
• Copper equities will likely do well in 2018
• The market has not considered the coming nickel demand from E.V.
• Automakers are looking towards autonomous vehicle solutions.
• Grid storage solutions will likely be adopted.

Anthony Milewski is the Chairman of Cobalt 27 and an MD at Pala Investments. He has spent his career in various aspects of the mining industry, including as a company director, advisor, founder, and investor. In particular, he has been active in the battery metals commodities including investing in nickel, lithium, and cobalt and actively trading physical cobalt. In 2016, one of the industry’s leading publications, “The Mining Journal,” named him as a Future Mining Leader.

Mr. Milewski has managed numerous mining investments at various stages of development, including exploration, development, production and turnaround situations, and across a broad range of commodities. He has served as a director of both public and private companies. Mr. Milewski is a member of the investment team at Pala Investments Limited, and prior to joining Pala Investments, he worked at Firebird Management LLC.

Mr. Milewski previously worked at Renaissance Capital and Skadden, Arps, Slate, Meagher & Flom LLP in Moscow, where he focused on advisory and transactional work in metals & mining and oil & gas sectors. He has lived and worked in Africa and Russia, including a year as a Fulbright scholar, and has spent considerable time in Central Asia. Mr. Milewski holds a B.A. in Russian history from Brigham Young University, an M.A. in Russian and Central Asian Studies from the University of Washington, and a J.D. from the University of Washington. He holds an LLM from the Russian Academy of Sciences.
Posted at 10/12/2017 16:53 by temmujin
the new investor is probably glencore...did it with zioc in the congo
Posted at 10/12/2017 16:53 by maverick247
The raise went to a sticky broker too so with the 500k investor and other sticky placees could see a nice move to the 0.1-0.5 area Could be an early bargain if mm's mark it down first thing
Posted at 10/12/2017 14:19 by the stinger
Would not be surprised to see a gold jorc soon...seems as though the new shares are with investors so in effect sula now have 1.7m cash a gold jorc, IO jorc and possibly a cobalt play... still think an open of 0.05 though which is a decent entry price..

'Certain new and existing investors and a subscription for 500,000,000 New Ordinary Shares with a single investor' should see holdings updates soon.

Very interesting play now..
Posted at 10/12/2017 11:18 by temmujin
Stu..i noticed roger murphy has a good CV and worked for some big companies and is on the Madini board who are doing the drilling so looks pretty good to me...they know the congo area well

roger murphyRoger Derek Murphy
B.Sc (Hons) Geology, M.Sc Hydrogeology, MBA

Roger started his career as a geologist working for both British Petroleum and Anglovaal Mining in Botswana and South Africa, focused on coal and gold.

Following the completion of his Master’s Degree in Hydrogeology, Roger transitioned into the financial world, working initially as a trader, then researcher for the World Gold Council and then as both a mining analyst and mining sales specialist.

Roger moved into senior investment banking management advising companies on capital markets across a number of jurisdictions and stock exchanges, capital raises and general corporate strategy, always maintaining a strong focus on Africa and the natural resource opportunities the continent presents.

Roger was most recently CEO of the London office of Dundee Capital Markets and MD of Investment Banking.

Over his 22 year career focusing on mining equity capital markets, Roger has worked with close to 50 companies to raise many billion dollars in equity capital. Notable deals range from $1.5bn for Xstrata’s 2002 IPO, $500m in 2007 for Aricom, the Russian iron ore developer, $120m for Petra Diamonds in a transformational deal in 2009; $98m for African Iron in 2012 (which was taken over by Exxaro within a year at a 90% premium to listing price).

Many deals have been repeat financings, including four financings for Trevali, the TSX zinc developer. These raises have allowed Trevali to transition from a developer to a two mine zinc producer.

Roger has a record of adding quality long term investors to companies’ share register, who provide long term repeat financial support for growing companies.
Posted at 08/12/2017 19:26 by the stinger
In effect double the shares in issue at 0.05,,, call it dilution.... but with an additional 1.5m or so cash and a cobalt licence thrown in.

I suppose it depends on whats in the cobalt licence area? with the gold and IO in there for free for the new investors.

Still an interesting play though as they now also have funds to advance the gold. A JV there is still awaited......
Posted at 08/12/2017 17:57 by temmujin
Acquisition and Proposed Placing and Subscription
Fri, 8th Dec 2017 17:06
RNS Number : 8809Y
Sula Iron & Gold PLC
08 December 2017
Â
For immediate release

Sula Iron & Gold plc / Index: AIM / Epic: SULA / Sector: Natural Resources

Â

8 December 2017

Sula Iron & Gold plc

("Sula" or the "Company")

Â

Â

Proposed placing and subscription to raise approximately £1,750,000

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 £1,750,000 (before expenses), through the placing of 3,000,000,000 New Ordinary Shares with certain new and existing investors and a subscription for 500,000,000 New Ordinary Shares with a single investor all at a price of 0.05 pence per share. The Fundraising, which has been arranged by share price Angel, is conditional, inter alia, upon Shareholders' approval of each of the Resolutions and Admission.

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.

Â

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.com.

Â

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 22/11/2017 10:07 by melodrama
Not looked at these since i sold last year, bloody hell, value destruction, and from some supposedly "Bright Boys" as new investors , someone still dumping WTF! Thought these guys were supposed to be "the Ticket" sheeessh
Posted at 05/9/2017 11:12 by escapetohome
FailedQS - correct

"Investors" who dont know that by now - stay away from AIM.
Posted at 30/8/2017 12:20 by escapetohome
Hi Mostro

We must be very close. There is news due and if it were good , then double your money.

Im in no rush and await 0.1p .

If i miss it , no harm done, but yes doesnt look a bad price when just months ago investors were paying

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