Member Info for cherryburn

5.5p down to 0.06p looks like a possible record apart from Carillion of course.

Good that , at least, the 5 year chart remains here to show what NW and RM have done to the share price. Change of name has made not made any impact at all and good to know that Madini received a big fee for introducing a bit of cobalt in the DRC. Roger is also a partner there I believe.!

Wisha........I have met Ben on a number of occasions and initially when he was an investment banker at Standard Chartered Bank in London. His Far East contacts are very impressive.

Production probably 8 to 10 years away if ever. RM just jumping on a bandwagon (ie cobalt ) . Strategic review still underway on gold .

Hope HAA does not get sunstroke on the Sydney beaches. However the bankers and "bond arrangers" will be having a great time in their air-conditioned offices as they have done for the past months and years.

Although not very successful with North River Resources , this guy could well be the catalyst for getting on the BOD and ditching the dead wood. He will have planned this initial move quite carefully and thought out the follow up. Probably got shares from old NW. ?

Well done Roger . At least with new name change imminent new investors will not be able to see the utter disaster that you and NW presided over. Sula will be old hat !

Hope you thought it worthwhile.

Obvious why this is being held at 10 am on 27th. Roger wants as few shareholders as possible to turn up ! Naturally any that do will be told that he is very, very excited about the cobalt property in the DRC introduced to him by one of his partners at Madini for nice wad.

Perhaps African batteries use gold, iron and coltan in their manufacture. Wonder what other brainwave RM has for this company in 2018.

Brave man to admit you are in at 7p old money and therefore down over 95%. I am still waiting for details of the total debt/equity package and despite what Harry says I am not totally convinced that there will not be a bit more dilution at the company level. Maybe placement at 2.5p ?

Good news on the price but not enough to invest here . DRC in turmoil right now with both sides butchering people. I am looking at an entity that has a very interesting Cu/Co project in Europe where there is a huge capacity for production of Electric Vehicles and better positioned than a Roger dream in the DRC.

Roger is really excited about this new project. Now where have I heard that before ? Oh yes last year when the shares dropped massively.

They should be so very proud of their husbands who waded in just over 12 months ago at over 4 times the current placing price. These guys supposedly know a thing or two but how come they got it so very wrong. Now jumping on the EV bandwagon in a country which uses child labour in the mines and car manufacturers will be demanding ethically sourced cobalt going forward. This is merely a copper/cobalt project like dozens of others in the DRC and probably , at best, 8 years away from production (if ever).

How can I top up if not already invested ?

Sorry , I forgot to ask how many times you had a proper chat with Harry or Ian Plimer ? First rule of investing but you were unaware of that no doubt.

Fantasy.....look at the advfn board and you will see in the header that production of 100,000 ozs per annum would happen in 2007. ! Nearly 2008 now and a lot to do. I did manage to persuade a number of investors there to exit this dog at around 3p old money with good reason. Hope you are OK .

Fantasy (Fireworks this afternoon) truth hurts doesn't it. I told Harry that he should respect audiences if he is going to present face to face. I can understand why you are desperate.

Harry not sure where he is at the moment judging by that interview. Obvious that this will not be in production until early 2020 at soonest. Harry cannot understand why the public were totally unimpressed by the last RNS. Well Harry , you have not turned 1p in to �1 yet nor are you yet in production and little slippages of 3 months here and 6 months there do not exactly inspire confidence. Is your neck so big now that you cannot buy a decent shirt and tie ?

Micksnags1.......Apologies if I post in a negative vein on this thread but let's be clear here. I have been investing in resource stocks for over 20 years and think that I can spot an overoptimistic promoter like Harry and Roger over at Sula. Is it better to be a "deramper" and correct or a ramper being wrong and in the majority ? How many times have you met HAA and/or Plimer. If you invest in companies, meeting directors face to face is very important. I have also been negative on George over at PREM having met him in Cape Town and London but eventually I invested at .33p as I reckoned (Rightly or wrongly) that the risk/reward ratio was about correct. I will invest in KEFI once the total finance package has been sorted but even then there will be 18/24 months until construction and expect a gradual rise in the share price.