Sula Iron Share Discussion Threads

[michaelmouse] 08/1/2017 09:40

@deanroberthunt

Quoting another explorer and trying to make a connection is ridiculous. I could quote far more explorers on AIM that have gone to the wall. AIM's poor reputation is largely based on foreign listings and speculative oil, gas, minerals etc minnows that turn out to be disasters. It's a shame because if you carefully sift through the rubbish there are plenty of gems on AIM where risk/reward is excellent. I love the AIM market it's been very kind to me where I've avoided unnecessary risk.

Even if we take Centamin as an example, at today's share price, it's 14 bagged over about 15 years. That's a good performance, but not spectacular. It's around 19% compounded per annum. If you look at the chart it's not been a smooth ride either. As you'd expect the share price fluctuates with the gold price. When gold prices collapse so does the share price. In other words the risk/reward with gold producers never mind gold explorers is very poor given that most will fail.

[bookwormrobert] 08/1/2017 09:21

Hi michealmouse! No need to be coy - I got it, you've got a grudge against ShareProphets.
My opinion of ShareProphets? If they give you a "Sell" recommendation, then listen up. They do valuable work exposing SOME of the AIM frauds / scams / general no hopers. But if they give you a "Buy" recommendation, then don't pay too much attention to it. Their tips are often lousy; they're currently suggesting that Stanley Gibbons (collecting postage stamps) is a share to buy for the future, having tipped it all the way down!
In the end it's like this: IF Sula can prove that they own a large commercially viable gold resource (i.e. the planned work of the next six months) then the shares will almost certainly increase dramatically in value. The question is, IF?

[deanroberthunt] 08/1/2017 06:56

@michaelmouse

Centamin (CEY) was once an explorer just lke SULA

[escapetohome] 07/1/2017 22:58

nobody is ramping this - yet!

Quite the contrary - i and most are saying it is a highly speculative gamble.

but it appears the worst is over.

[michaelmouse] 07/1/2017 21:45

Good luck finding gullible newbies that believe the tripe you're peddling because you'll need all the help you can get when you're pumping up the share price and then trying to skim off a few percentage points profit by offloading your shares to them.

bookwormrobert - "Out of curiosity, who are the hypocritical lying shysters who are supposedly pumping this share? I'd like to know. I think the only people who've mentioned it recently are ShareProphets. Do you mean them?"

You might be suggesting it's Shareprophets. I couldn't possibly comment.

Are you indeed suggesting that Shareprophets behave like a "boiler room" by trying to pump up certain shares where they have a vested interest while claiming to be the good guy fraud busters? Is this what you are suggesting bookwormrobert?

[novicetrade68] 07/1/2017 20:35

Thanks bookwormrobert. I actually already have a holding in SLP, small, but it's just there for hopefully more than 10p at some point. Reason for me not to invest more there is because I'm not keen on S-Africa as a mining country, but that is just my opinion.

Junior miners do often follow the seniors, I do agree with that ! That's why these plays like SULA can be very interesting now in the market. SULA can 5 bag, as where as SLP, CEY etc is imo less likely, which is not to say that they couldn't double.

Will check BMN later this weekend, at first glance they look interesting too, just like Sula. There are many more juniors I think have the potential to multibag, it's just difficult to judge which ones will or won't. I do think you should still keep an eye on Vast, but obviously without a Nomad it's curtains.

[bookwormrobert] 07/1/2017 20:21

Thanks novicetrade68. To my mind Sula is an almost pure gold play. The hint of a possible coltan resource is an intriguing extra - coltan is not at all common in commercial quantities and it's a key element in cell phones. There is way too much iron ore around at the moment, especially as China will probably have to close a lot of loss-making steel mills soon, so I'm essentially disregarding the iron.

I'll have a look at AAU and NCCL. Three for you in return - SLP (Sylvania Platinum) is in production and seriously undervalued, Jubilee Platinum is a riskier proposition, but it has a big upside, and finally Bushveld Minerals is aiming at Vanadium production. (I think Vanadium is THE metal to invest in now. It is a key component in large-scale battery technology - i.e. for wind power arrays and solar panels).

And you're right, it's the time of the junior miner. Just as a year ago the seniors began to revive, not it's the time of the smaller outfits.

[novicetrade68] 07/1/2017 19:57

Some IO tiddlers do seem to be on fire at the moment which can make this an interesting play.

[novicetrade68] 07/1/2017 19:48

Oddly is it the gold or the Iron Ore that makes this a share to put on your monitor ? I remember Sula very well and glad to see that Nick W is gone. Will defnitely monitor this share over the next weeks or so. Other shares to keep an eye on imo are AAU with gold production to start soon and NCCL where hopefully an earlier deal with the Chinese will become final.

[escapetohome] 07/1/2017 19:27

FLOATED AT 6 p

Yours for 0.27p!!!!!!!!!

[temmujin] 07/1/2017 19:15

1p by next friday...you heard it here first

[escapetohome] 07/1/2017 19:10

Dont forget the technical valuation of this share.

Iron, gold and possibly coltan. Think assets.

Then think years of a declining share price under the old management.

Then think id like to be a thief and steal at this share price! LOL.

[bookwormrobert] 07/1/2017 18:49

Widows and orphans should say clear of all miners - even majors, let alone explorers. This is a boom or bust industry.

Out of curiosity, who are the hypocritical lying shysters who are supposedly pumping this share? I'd like to know. I think the only people who've mentioned it recently are ShareProphets. Do you mean them?

[michaelmouse] 07/1/2017 18:34

I'm sold guys. I've already phoned Barnardo's and a widows support centre to get them to plough their funds into SULA. What could possibly go wrong with an investment in a gold explorer in Sierra Leone being pumped by a bunch of hypocritical lying shysters? LOL.

[bookwormrobert] 07/1/2017 17:34

I don't get it, michaelmouse.
1. Of course Sula is a speculation - just like Centamin Egypt once was, as one poster points out above. (And FWIW I'm a very, very happy long term shareholder of Centamin!)
2. Of course this is Sierra Leone, and it's possible that politics and/or disease can get in the way of business.
3. Of course this is gold, and opinions vary on the future of the gold price. Personally, I consider that sooner or later Donald Trump will cause a major world crisis and gold's price will increase, but that's only my opinion.
BUT, given an all that, I consider that Sula is worth investing in. The resource is potentially very rich, and it's easy to mine. So easy, in fact, that artisanal miners are already picking up goldstones from the ground.
The current step is to prove the resource. If that is done, Sula will need to either raise debt, issue equity, or enter a JV, in order to raise enough funds to mine the resource commercially. Nothing special there, that's how this is done.
So what are you objecting to? If you know something we don't, please share. As far as I can see, this (now, under its new management) is a very well run company.

[escapetohome] 07/1/2017 17:27

Im happy to let the share price do the talking!

One bear BMD broker man daniel failed miserably selling at .11

Dont follow him michael!

[michaelmouse] 07/1/2017 17:00

Think I'll stick around a bit longer I'm beginning to enjoy myself. About time you escaped to home and started reading your books perhaps.

[escapetohome] 07/1/2017 16:57

Ahem , goodbye michael, goodbye was said and thats what it means!

[michaelmouse] 07/1/2017 16:55

"You never can be quite sure what's under the ground."

You're right. Lots of worms under the ground that pop up occasionally when they're paid to pump up junk like this.

"it doesn't even need to go looking for any money for the next 6 months."

Wow that long!!!! I'll be loading up on Monday. LOL.

"I wish the traders would stick to worthless companies like Vast Resources and Cloudtag"

They are sticking to worthless companies if they invest in SULA. I'd guess your associates/chums didn't receive any perks to pump up Cloudtag or Vast Resources though did they?

[bookwormrobert] 07/1/2017 15:27

It appears we do have some "pump and dump" traders on this board - which is a pity, because Sula is a better company than that, and it doesn't even need to go looking for any money for the next 6 months. I wish the traders would stick to worthless companies like Vast Resources and Cloudtag and all the other "usual suspects", but I can't stop them. Hopefully, their presence will just be a little short term turbulence.

The really big news for Sula comes in about 6 months with the result of the JORC compliant survey. Then we could have a very valuable asset indeed - or maybe not! You never can be quite sure what's under the ground.

[escapetohome] 07/1/2017 12:55

Very good point atlantic57.

Im sticking with this one!

And we may get news soon about the start of the survey work!

[atlantic57] 07/1/2017 12:34

Centamin Egypt came to the market in circa 2002 at around 10 pence a share from memory
Looking for gold in the desert where the Pharos had mined gold in the past.They proved up a 10 million ounce resource and at the peak of the market in around 2011 the shares
Hit 200 pence a share.

So it is possible for an explorer with quality acreage to indeed multibag over time...

[temmujin] 07/1/2017 11:17

bye,bye bookworm..filtered!

[deanroberthunt] 07/1/2017 09:48

if it 10 bags I'm out :) ....lol