The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
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Not wishing to argue but I don't think they have been filling orders as I can get a quote for a 10,000,000 buy anytime so they have the shares available. What has happened though is that a day of approximately 54,000,000 buys and 5,000,000 sells has ended up shown as 15M buys, 41M sells and 3M don't knows. I know this for certain because I have been doing dummy buys and sells all day so far.
Looks like there were some big orders to fill (coming in now) hence the price showing as sells. She's going up nicely this afternoon.
they've just reiterated what RM said in his last interviews
Well if you bought some more at 0.09p right now then your average could come down considerably. 1,000,000 shares would cost GBP900 + charges. Try working out what that would do to your average. It looks like you are in at about 2.6p but it depends how many you have got really. Unless it's a huge amount you could get you average right down to a feasible figure without much extra outlay. I was in at 0.255p but have bought some more today (hoping this is a turning point) and now my average is 0.145p which is a lot better. ATB
I noticed Sula on the risers board and just had to take a peek as to why....I hope you guys are seriously not going to fall for that garbage Murphy calls a "strategy update"....I've never read a bigger load of nothing in my life. It's the regulatory equivalent of a Nigerian email...sadly, some people still fall for these flim-flams.
mm tricks, however they probably sitting on over 100m shares from all the dumping over the past few weeks.
Fantastic news...just another 2500% to go and I can break even!! Woohoo!!1
Now they've dropped the buy price to 0.09p and they're still showing as sells...................
The MM's have made a right mess of this today. On LSE all but 3 trades - 0.0761p at 8.14am and the 2 at 0.906p at 9.53 and 10.11am - are buys yet most are shown in red. Don't say it doesn't make any difference because it does. When the trades are all shown in blue when they are buys the volume noticeably picks up and so does the shareprice. On ISDX it's much the same though they do have a couple of buys that have gone through at 0.98p. This could and should have risen considerably more if the buys had all been shown in blue as buys.
Showing as 31% up which would be nice but my live trades show that nothing has gone through higher than 0.094p so far today. The MM's have upped the ask to 0.12p but that seems a little optimistic. We shall see.
Hello mate, good to see you here, nice reaction to this news hopefully will land with a decent JV and take this through to completion. Lots to do and looking forward to seeing the analysis work and plans for 2018. Hope you're well.
Hya pal hope yr in good fettle roger poured a bucket of sunshine on this today loads of issues to get through am happy to hold into 2018 for a ripple off this
Maybe.. Think bigger... Which large gold companies operate in this area...
1.2p would be nice. That gives a m/cap of GBP40M with current number of shares in issue - not excessive for their assets.
Sula Iron & Gold (SULA LN)# Sula Iron & Gold (SULA LN) has provided a corporate update. Structural interpretation work following the recent drilling programme and soil sampling is ongoing. The results of this analysis will aid in identifying the most appropriate next steps for development and management is of the opinion that finding a JV or farm in partner may be the most advantageous way of developing the Ferensola project. The board have also indicated that it intends to expand SULA’s asset base and is considering opportunities in this regard. We reiterate our Speculative Buy recommendation and 1.2p target price.
anyone think like I do their current driller m8 will farm in to get the asset fully proved up?
Is this the point where the shareprice changes direction and starts a slow climb back up - possibly..........m/cap is tiny - under GBP3M - considering their assets.
matt, for me they want weak holders to sell....something in this... time will tell
never trust a holdings list where an institution is involved as they all have active borrow and lending desks to mask their positions. They've been selling short since 0.16 so not sure how they can lose ALB1.
Well, they will be selling at a loss. Be interesting to see a full updated holdings list....Not sure whats going on here?..
I actually like the 3 month chart looks like half a cup (aka cup and saucer formation) and could still gap up to the 0.2s/0.3. Just in my opinion now too risky as an investment because the investors are selling 1%+ of the company per month for the next 10 months and no news here for a month or 2 till they issue their new findings on all their geological interpretation and the next steps. I am sure there will be a brief lift in the SP then but pretty sure it'd be sold off within minutes.
not just that though is it marketmakers are smart cookies they do read RNSs etc all they will do here is knock the price down because they don't want to be stuck with shares that they know are 100% going to be sold so they drop the bid everytime and the ask follows.
Matt....The second car salesman sums it up and looking back at his many "interviews" and having met him I put him in the same bracket as Harry at KEFI (for the time being). You are right in that SULA is heading towards the Mick Jagger song of the early sixties !
cherryburn, funnily enough I also bought PREM about a week before the placing at 0.375 which was ouch when it went to 0.28, I'm also slightly underwater and heavily in URU but hoping both re-rate with news. I'm increasingly unsure what SULA can do here in all honesty not even good management (and I go by royoboys expression to sum up RM he's like a used car salesman) can mask thin veins of gold and being tied into sharks like this lot of investors without being able to issue another placing to remove them. SULA have to drill a lot more of the asset to find out how much gold they have to get a JORC and with the SP where it is can't issue any more shares unless shareholders approve. I personally feel it will go lower here and am sad that SULA ever got to this stage.
https://www.youtube.com/watch?v=0J1E8Mv6ZGc QUOTE : Sula are sitting on a '4 to 10 million oz gold mine' So.........Just what happened here?? I look in from time to time, but no longer understand the company or the data presented. Lost my initial investment (lesson learned), but have traded on all spikes since to make up good profit (so am not de-ramping / ramping / bashing, etc) I just do not understand the direction and focus of this company, or all the previous statements (like in the video above). Comments welcomed, as I trade many many gold stocks, just do not understand this stock at all