Sula Iron Share Discussion Threads

[oilbuy] 29/12/2017 07:35

4M cap with near 2M cash.Needs news on the cobalt asset and a few TR1s

[atlantic57] 28/12/2017 11:51

The Company need to issue some hard news ie a jv or a jorc compliant statement.
The Cobolt stuff is months away

[escapetohome] 28/12/2017 10:39

I sold at 0.5p.

£ 300 spent on buy back at 0.003 above the placing price is no big deal to me.

This share either responds or it does not.

Binary bet here, with probably much better share prospects out there.

Eg n4p, mtr, etc.

[fenseal3] 28/12/2017 10:29

Watching this share, held a while back...can't understand why peeps are buying over the placement price of 0.05p...buy at 0.03p, haha some peeps!!!!

[the stinger] 15/12/2017 18:07

Think that’s what they were hoping for with the cobalt news!!!.. but hasn’t materialised... 0.05 on its way..and no flipping for the arranging party...

Going to be interesting..

[atlantic57] 15/12/2017 15:23

The share price performance has been lack lustre since the announcements.

Let us look at the price action after the shares are placed i suspect they will settle at near the placing price.


They will need some solid news to push the price up

[europa79] 14/12/2017 16:56

African Battery Metals FFS!

[the stinger] 13/12/2017 08:56

This is sula... not glen lol

[the stinger] 12/12/2017 18:25

Cobalt....What a scam!! not even a mention of size, location, historical data who the so called investors are... or anything much!! not even sure they'll get this placing away?... who's buying... not many!!

0.05 and lower awaits...

[stuj1970] 12/12/2017 10:16

Fair point there although it's quite clear from today's news which is an RNS not showing on ADVFN at all that they are still committed to get a JV partner for the gold play.Please see active link here.http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/SULA/13461630.htmlThere are some bright, motivated people working here.... (IMO).SJ

[escapetohome] 12/12/2017 09:53

Lets hope the new name is not reflective that gold and iron are dead ducks,

[stuj1970] 12/12/2017 09:52

That's sounds good, do think Sula has legs and 2018 with some good news on JV and this Cobalt play could properly put them back on the map, please though no more dilution!Here's looking forward to 2018 with the SULA....SJ

[cnrns4] 12/12/2017 09:48

5.8m BUY from earlier on nex market.

hxxp://www.nexexchange.com/member?securityid=1812648

[cnrns4] 12/12/2017 09:45

stuj1970. Thanks for that info, looking forward to further update.

[stuj1970] 12/12/2017 09:36

There is a very small article on Sula today in the Daily Mail, in case anyone is interested in knowing This info came as I had a positive mail from Madini after advising them in advance of Monday regarding their hacked website.More asset information will follow have been advised they will be letting the market know shortly.GLASJ

[temmujin] 12/12/2017 07:10

proactiveinvestors.co.uk/companies/stocktube/8520/sula-iron-gold-acquires-exciting-cobalt-project-as-part-of-complete-makeover-8520.html

[temmujin] 12/12/2017 06:25

David Lenigas‏
@DavidLenigas
4h
More
#Cobalt price just shot up to US$75,000 a tonne. a whopping $5,000 on the LME. That's now AUD $99,600 a tonne. Can't wait to get Radio Hill and Carlow Castle producing Cobalt. @Artemis_ARV $ARV $ARV.ASX

[bionicdog] 11/12/2017 22:12

Not any more. He he.

[temmujin] 11/12/2017 21:41

its on your LEG thread..he,he...

[bionicdog] 11/12/2017 21:40

Research? Oh dear.

[temmujin] 11/12/2017 21:20

ive discovered another 50 bagger..if you look at my research on Inspirit Energy INSP the takeover thread you will see the research is rock solid...i believe Centrica will buy them out for £50m plus...they bought out a similar firm for £145m a few years ago and this bioler technology is far superior..ive done all the hard work for you...price is 0.1p and market cap about £1m...and guess what Centrica announced today a new joint venture company with a norwegian firm...the name Spirit Energy!

[cnrns4] 11/12/2017 15:28

escapetohome, The problem here isn't the potential imo, but lack of confidence in the market due to past events. Potential in gold/iron ore/cobalt is there but the trick is knowing how to release it, 2017 has been a good year on exploration front ( gold ), 000's of mtrs were drilled and some good results were recovered albeit they were spaced out. Key for me is the upcoming SRK report, that will give us figures / rough ideas etc. On iron ore front that will always be an non-core asset which has value, sooner shangdon wake up and buy us out on that front the better for us. Cobalt is something which most havent heard of and has its value, check early players and see where they are right now, Key again for us here is we have picked that licence up very very cheaply only $100k.

As i say the problem for sula is not as if they are not trying they are, but its lack of confidence in the market mainly due to dilution after dilution. I would give sula bod 10/10 for trying in 2017 on exploration front and have no doubt they will keep doing the same in future. One of the biggest obstacles for sula was under 0.10 they couldn't raise ( that could have put them out of business ) but after juggling with the law/rules of aim they have pulled it of albeit at heavy discount ( which i wasnt in favour of ) under current market condition i think they did a good job in pulling it of, yes they could have waited another few weeks/months for shareprice to pick up before doing the placing, maybe that risk wasnt worth taking for mainly 2 reasons.

1. Market made an offer they couldnt refuse, it was do or die situtation, they had no choice but to take it up right away, we all know these city fat boys always line up their own pockets.
2. The opportunity came to get into cobalt and they had to make a quick and firm decision, maybe they didnt have long to come up with the funds, and the opportunity was too good to turn away especially at $100k for 70% stake.


Like i say the biggest risk was sula going down and out, now that has been removed, i look forward to 2018 and see what plans the bod have, they have banged on about how keen they are in creating value for shareholders, well now after the raise this is their chance maybe last chance. At slightest sign of recovery/re-rate/confidence market will be all over sula. As we know right now sula is a dead stock imo not for long. Lets wait and see how things pan out, 2018 could be the year that put sula on the map again.

[escapetohome] 11/12/2017 14:50

The company should clarify the potential.

To raed of posts saying the mines are unexonomic is unacceptable.

To read of posts saying the iron development is dependent on one particular buyer is unacceptable.

Sula or ABM please verify the potential here.