Sula will look to either SELL OFF the iron ore rights completely or BRING IN A PARTNER to pay for exploration. "We think we can find someone very rapidly to take over the iron ore licences," Mr Moritz says. This could happen this year and the returns could be hugh!!!
Point being both FAST & SULA are multi baggers for LEG and we expect the rest of the investments to follow the same returns so the 400k currently invested in total could be x3x x4 plus in returns.
Sula Iron & Gold Current Holdings 100k invested Current Value around £151,041 Warrants yet to be subscribed @ 0.4p - Current Value around 45,312.50 With only around 30% shares in circulation this will aslo move FAST...
Medgold – investment £50k for 3%. Emerick Resources is to acquire Medgold. Emerick's resulting issued capital will be 52,416,078 shares, of which Medgold's shareholders will own 61.6%. Legs 50k investment should give us 968,625 shares. This is equivalent to around 5p a share. Naturally you would expect this to be at a discount to what Emerick would offer shares to investors once it lists (expected this year)
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