Sula Iron Share Discussion Threads

[melodrama] 22/11/2017 15:56

Yep. Indeedy, not buying back in yet though, as that was only a £7,000 trade, on its ownsome, want to see more of that !

[escapetohome] 22/11/2017 10:11

Oh dear! , down a tiny tiny bit more!

News required to turn this one.

[melodrama] 22/11/2017 10:07

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

[escapetohome] 22/11/2017 09:01

B O W L formation ?

[escapetohome] 21/11/2017 08:59

U P ! Has the worm turned?

[timw3] 20/11/2017 21:31

o/t MASSIVE after hours RNS at PREM

PREM $1b revenue pot vs £20m cap. small placing of 125m shares at todays close. that will be traded within an hour tomm.

ZULU is an absolute monster no doubt about it

PREM will go bonkers tomm just Like ZIOC and GGP recently have

[aminsah] 20/11/2017 18:31

Is there any hope for Sula in the short term with the resignation of two key directors with a couple months?

[atlantic57] 20/11/2017 14:52

escape the iron ore would be attractive to the Chinese for the reasons you mentioned.

However if they are not interested then it is of no commercial value in my view.

Regarding ferensola i find the Companies communications somewhat baffling.

They use phrases like targeting a resource. This is meaningless, they need to give an indication of the size of the resource as they promised to do.

[escapetohome] 20/11/2017 14:25

Once that analysis is completed, Sula intends to examine various options for the further development of the Ferensola Gold Project on the back of the very encouraging and high- grade gold intersections over several targets across the Ferensola licence. This is expected to include soliciting expressions of interest for a joint venture or farm out of the Ferensola Gold Project. The Board is of the view that this will provide a cost-effective means to prove- up the potential inherent value that the Company believes this project contains.

[escapetohome] 20/11/2017 14:13

Id be surprised if the iron has no value. The fact is that the adjacent neighbour a chinese company, is running out of exactly the type of iron ore that sula has.

Is there a deal to be done at a good price for the chinese company, but that gets us out of a tight corner?

Yes it is difficult to see another company other than the chinese one buying the iron ore rights. They control the rail link to the port.

Yes the gold results appear a little disappointing, perhaps the company can talk up the results put a bit of positive spin on events?

In the meantime a deal on iron ore would be a step forward.

[atlantic57] 20/11/2017 09:52

Escape I note your comments that the casino is not interested in fundamentals.
So I guess you are looking at the next dealto provide some upward movement.
There will have to be a deal as this now appears to be shell company with a market cap of 2.5 million pounds.

Both the iron ore and gold deposits at current market prices appear to be uneconomic.

If the much promised surge in Gold prices ever happens ( it has been predicted for several years now) then maybe that would change the metrics.

[escapetohome] 20/11/2017 09:27

Im back in , but only for a few hundred pound worth. Thats all it cost me to buy back my original holding.

[rascotrading] 19/11/2017 14:38

I am only reading this board thru iphone. Can this be viewed thru computer? What website? Thanks

[escapetohome] 16/11/2017 09:50

I do not know , i hope we dont find out the hard way.

However, i sold at .5p

[failedqs] 16/11/2017 09:48

How much cash left now, does anyone know?

[tsmith2] 13/11/2017 08:37

FailedQS - couldn't agree with you more

[tsmith2] 13/11/2017 08:15

here, hereOne trough vacated

[escapetohome] 10/11/2017 14:26

A bit of both Atlantic57, i would say.
But more of the casino approach!

Im looking for very oversold situations, but with a chance of good news looming on the horizon. When that good news occurs the shares become re rated.

In my experience that is the way to play the casino. There is no such thing whatsoever as " investment".

[atlantic57] 10/11/2017 14:02

escape are you looking at charts or just the aim casino in determining your buy points.

On Fundamentals this looks like a cash shell with a succession of failed management teams.

[escapetohome] 10/11/2017 09:53

I know my target was 0.1 , but i held off buying.

Thats because i wanted to see stability first, and i was not convinced of that.

I dont think this is a bad price and im not so pessimistic that this will go to 0.02p as the Rasco states.

[atlantic57] 10/11/2017 09:12

What happened to the announcement of the maiden jorc resource ?

[rascotrading] 10/11/2017 07:38

Waiting at 0.02p...