Sula Iron Share Discussion Threads

[tightfist] 21/4/2017 13:54

Here is the Proactive interview mentioned earlier today. Interesting for those new to SULA:hxxp://www.proactiveinvestors.co.uk/companies/stocktube/7309/-things-are-going-really-well-says-sula-boss-roger-murphy-as-first-samples-are-despatched-7309.html

[soulsauce] 21/4/2017 11:50

Thanks 4marlin.

[4marlin] 21/4/2017 11:47

I do not think that the historic drill data is particularly good.
For the avoidance of doubt, am very bullish on future results.

[soulsauce] 21/4/2017 11:47

Cheers dingo.

[dingo75] 21/4/2017 11:38

No. Forget the I.O DSO for now!
My guess would be they'd sell the Gold side to someone like Gold Fields for a very generous offer. But let's see what the drill bit has to say.
if it's as good as past drill data, game on.

[trulyscrumptious] 21/4/2017 11:38

Ten to twenty bagger then!

[soulsauce] 21/4/2017 11:35

Wow thanks dingo and of course that doesn't include the DSO iron ore.

[dingo75] 21/4/2017 11:32

Soul
Not a fan of in ground valuations.
A better valuation would be per ounce. (circa $50 with a large gold camp)
If you can Jorc 5m ounces AU, you most probably are sitting on double that.
They are quite rare beasts but dozens exist.
A conservative valuation of £190m I have in mind.

The company that was sniffing around SULA a year back will be kicking themselves in 12 months time, now these new boys have moved in, and know what they're sitting on.

[soulsauce] 21/4/2017 11:15

dingo what sort of 'in ground' valuation would you put on a 5m oz pit?

[dingo75] 21/4/2017 11:02

there's a helluva lot of past drill results you can look at to see that 1.5m oz target will be the start of a 5m oz pit.
Seriously.

[novicetrade68] 21/4/2017 10:37

Chart looks like it wants to go for new highs.

[atlantic57] 21/4/2017 10:34

On what do you base that opinion

[deanroberthunt] 21/4/2017 10:33

I reckon someones had a cheeky preview of the first core samples....

[trulyscrumptious] 21/4/2017 08:25

The way the world is at the moment the price of gold is likely to go higher and I think a lot of people will pile in if the results are good.

[temmujin] 21/4/2017 08:20

if i was working in the lab analysing assay results i'd be tempted to stick a few grand into sula...i cant see how the FCA can say that is insider dealing...just common sense

[trulyscrumptious] 21/4/2017 08:17

Good start to the day.

[soulsauce] 21/4/2017 07:27

Nice proactive interview.

[winston8643] 20/4/2017 13:20

Buying ahead of the presentation .

[atlantic57] 19/4/2017 12:10

Further to the announcement on 8 March 2017, Sula now has two rigs drilling onsite. The first rig is drilling additional holes on Sula's Sanama Hill, where Sula has an Exploration Target, as defined by SRK Consulting (UK) Ltd, of 5 to 7 million tonnes, grading at between 4g/t - 8g/t for 0.8 - 1.5 million ounces of gold. This rig is testing for extensions of the known gold mineralisation.


I thought this was talking about the hoped for drilling results but i clearly have misunderstood what this is talking about.

[temmujin] 19/4/2017 09:11

assay results will be leaked before rns, share price will be the indicator if good

[4marlin] 19/4/2017 08:38

Apart from good or better results, I hope for a late start to the rains......

[trulyscrumptious] 19/4/2017 07:41

Yes, and I wonder how long these samples will take to be tested in Ireland.

[atlantic57] 19/4/2017 07:15

The rns explains yesterday's spike !

[aim_trader] 18/4/2017 09:15

Sula Iron & Gold presenting alongside Savannah Petroleum and Goldplat at the upcoming Proactive One2One Forum this Thursday from 6pm at the Chesterfield Hotel in Mayfair. To register to attend click here: