Sula Iron Share Discussion Threads

[temmujin] 10/12/2017 16:55

afterall Murphy worked for xstrata...makes sense

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

[temmujin] 10/12/2017 16:53

the new investor is probably glencore...did it with zioc in the congo

[maverick247] 10/12/2017 16:53

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

[the stinger] 10/12/2017 14:19

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..

[temmujin] 10/12/2017 14:09

its santa silly season and mms usually spike small caps by 100% or more but prices can fall back quickly...if it goes up 100% tomoro i may sell a chunk but it looks a good deal ...and cobalt is in great demand

[escapetohome] 10/12/2017 12:47

Surely this will rise on Monday !

New strategy!
Fully funded!
GOLD, IRON, COBALT, AND POTENTIAL FOR OTHER RARE EARTHS!
New Focus
Previous management ejected!
All time low share price!
Jorc compliant hinted at by previous management, to be expected?

Good luck with 0.05, i will buy again at that price.

BUY BUY BUY , yes the same to our old friend THE CRYPT.

[stuj1970] 10/12/2017 12:07

Well written LA, wish you the best of luck here I too will be buying a few more here as believe that this Company will deliver in the not too distant future.Let's see how the market and MM's show their opinions in the morning after the Friday evening RNS...Let's hope the Cobalt play is another game changer for SULA along with the gold and IO.SJ

[little alice] 10/12/2017 12:02

Will be building a sizeable position here from any 0.05 or sub 0.05 games..................Expecting all of my trades to be hidden from the market (as usual)...............Can see a massive trading opportunity into 2018 so happy to be 'messed around' and 'beaten up' in the short term...............Good luck those building a new position here.......Mining and minerals unloved, but not for long in the cycle of things

[temmujin] 10/12/2017 11:18

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.

[stuj1970] 10/12/2017 10:51

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...SJ

[temmujin] 10/12/2017 10:45

yeah noticed that...MMs work?

[stuj1970] 10/12/2017 10:11

Sula website has now been hacked by Anonymous....http://www.sulaironandgold.comHave a look all....SJ

[temmujin] 09/12/2017 16:12

maybe another greatland gold in the making...well maybe not quite but 1p looks achievable

[czar] 09/12/2017 15:34

"The Ferensola Gold Project is a very exciting project. The challenge faced by Sula in the current climate is how best to develop this project with a view of maximising value for our stakeholders. With that in mind the Board has commenced a process to evaluate how best to continue developing Ferensola's gold asset and also to bring in additional opportunities to the Company. The Board believes that these should not only increase value, but also mitigate single project financing risk. I look forward to updating the market in due course."

Looks like they have done what they said they would do, I like the deal on Cobalt and this should be a great stock to own imho.

[soulsauce] 09/12/2017 08:50

0.05p that's a deep discount.

[atlantic57] 09/12/2017 08:45

Monday will be guide as to how the market perceives the deal.
They appear to be raising 1.75 million pounds and spending 100 000 Dollars on a cobolt licence

[the stinger] 08/12/2017 22:17

cnRN, yes however they probably have a jorc and plenty of it!!

[cnrns4] 08/12/2017 21:38

Comparison as to what this deal could mean.

Regal Resources copper/cobalt play in DRC ( ticker RER listed in aus ) raised $2m at 0.05c back in 2014,

hxxp://www.(link).com.au/companies/news/161786/regal-resources-raises-2-million-at-premium-58223.html

replace the link section by pro active investors

3 years on a name change to nzuri ( ticker NZC ) and a staggering market cap of $64.5m and shareprice of 0.31c has been as high as 0.42c.

[the stinger] 08/12/2017 21:33

escape,,, in these markets who the hell is going to pay more than the issue price!!. Like i say though 0.05 is a very good bet for a 5/10 bagger...in time.

[escapetohome] 08/12/2017 21:23

Your hope the stinger, so you can load up monday - hee hee!!

[the stinger] 08/12/2017 20:54

escape, your not going to get fireworks yet!! however 0.05 is a good punt...

[escapetohome] 08/12/2017 20:50

My buy was 0.07, having sold at over 0.5p!

Timing is the name of the game!

And i doubt i will get the lovely catenary shape after this news, more like a space rocket.

[the stinger] 08/12/2017 20:17

lol...Need to know how big and what potential is in the licence area first!! granted though... this seems like an inside (people in the know) job..

Cant moan at a 0.05p entry price come Monday - potential Cobalt all the Gold and IO..not bad.