Sula Iron Share Discussion Threads

[cnrns4] 11/12/2017 14:42

Overall its been alright here today, no massive sell off, it might drift in next few sessions it might not, if and when it does, there are plenty of buyers waiting on the sidelines ( consider me one of them ). It gives me confidence having seen us raise £1.75m at 0.05p yet we had buys above 0.08p today. Its testing times, fortunes favours the brave. Next update will be very important and that could be the one that puts sula on the map.

[stuj1970] 11/12/2017 10:30

Sula website has now been restored....??

[cnrns4] 11/12/2017 09:21

Knowing roger, now that his mates are in at 0.05p, i wouldnt be surprised if we get that jorc report within next few days or so. Its well overdue now. I feel that could be the RNS that wakes the market up to sula. What would put the iceing on the cake is if JV/farmin is announced along side it.

[temmujin] 11/12/2017 09:06

its glencore buying in

[cnrns4] 11/12/2017 09:03

Wonder who this chap is, the one who has just bought 500m shares in the placing, if i am right that equates to around 7% of the company, should get TR1 from him once the placing is complete.

[oilbuy] 11/12/2017 08:28

The gold project is not commercial. It's to do with the continuation of the gains and the dept.

[the stinger] 11/12/2017 08:25

If this licence area is full of it then yes...major re rate

[escapetohome] 11/12/2017 08:25

I think they should clrify the potential for iron and gold.
Thts what they have been spending the cash on.

[oilbuy] 11/12/2017 08:23

This is about Cobalt

[the stinger] 11/12/2017 08:20

Would not be surprised to see this in the blue today..or top of leader board.

[cnrns4] 11/12/2017 08:19

seems like the market is beginning to fall in love with cobalt from -22% now sula stands at level terms, give it bit of time, could turn blue. Not bad after the raise.

[cnrns4] 11/12/2017 08:16

oilbuy, good luck mate.

atlantic, no risk no reward, one thing for sure, there will be no funds issue for forseeable future.

lets see how this plays out.

[atlantic57] 11/12/2017 08:11

Crn yes if your calculations are correct then there is considerable upside potential.
However to balance this optimism.

A iron ore effectively worthless unless a deal can be announced

B gold drilling results clearly way below expectations therefore until there are some
Hard facts we cannot attribute value to gold

C cobolt good potential but again very early to quantify.

[oilbuy] 11/12/2017 08:11

That's my buy.

[cnrns4] 11/12/2017 08:03

5m buy someone is keen.

[cnrns4] 11/12/2017 07:55

Atm mm's look lost, they dont know which way to turn. we shall know soon.

[cnrns4] 11/12/2017 07:50

Around £2m in bank after placing, at 0.05 will have market cap of around £3m, at 0.06 around £3.6m at 0.07p around £4.2m etc etc, at 0.10 m/c would be just £6m. Considering all the Gold they have not to forget iron and now cobalt. I think this could be share of 2018.

[the stinger] 10/12/2017 21:26

temmujin... dream on...lol

[temmujin] 10/12/2017 21:03

sula will hit 1p next few days...then i will sell half at 1p and buy back when it falls back

[the stinger] 10/12/2017 20:36

Cant see how when there's another 3 billion shares to issue, depends if they have been taken by someone, we know 500000000 have. Anything at 0.05 and below and i'm in..then wait for the 10 bag.

[atlantic57] 10/12/2017 20:22

They usually pump them up ahead of a placing...

[the stinger] 10/12/2017 18:50

We'll see temmujin...

[temmujin] 10/12/2017 18:32

stinger... no chance...dreamer

[the stinger] 10/12/2017 18:26

Bit of dreaming here lol... me thinks 0.05 to start...

[maverick247] 10/12/2017 17:59

Or Volkswagen lol theyve been hunting for cobalt!