Member Info for cherryburn

Cannot believe this as positive despite the buying today so far. "Look guys we have little money , some poor grade overall gold in Sierra Leone which we are wiling to farm out to get diluted to zilch but looking for some other assets". Was this not trading at .6 and .4 earlier this year ? Not entirely sure what planet RM is on.

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 !

Matt....PREM suffered very badly with the "deal with sharks".However it allowed me to make my first investment there recently although above .3p not below it as some did. Big difference is that PREM has three serious assets whilst with SULA the cupboard is looking increasingly bare.

Why would anybody go on a broker recommendation especially VSA (Small fry). Did they visit the site or just charge RM a lot to act as broker and then issue a "sweet note" ?

Hi Pal......or can only the rampers call you that. ? This is a total disaster and was only going to turn out like this . Met RM around M&M in December 2016 and nothing has changed my mind since. The fact that the drillers have been paid 50% in cash and 50% in shares that they can dump at will, speaks volumes. 50% covers their costs and the rest is profit for the drilling company. Meaningful high grade results to date ...NONE. Just keep the faith. If you want further dilution watch for the BOD taking salaries in shares at around these levels in the New Year to include back pay !

SWANLEY......you have to have consistent grades at thickness to get to a global resource. An exploration TARGET is just that and having seen results to date I believe that the target figure will be reduced now. The fact that the "ex Dundee broker" now wants to have independents come in to assist speaks volumes. Are the current geos up to the task ?

Can you believe this ?

I said IF should you bother to read. I interpret this as a balancing act for Harry to consider. Should he give up a further 24% of the project for a few extra shares or issue ten of millions more shares at 4p or below to retain a 75% interest. No doubt his brokers will have the answer to that.

Hope you were not gullible enough to buy shares from Plimer when this traded at 10p BEFORE the 17:1 consolidation. In my book the shares are now trading somewhat below £1.70. !!

I think that if KEFI only gets 51% of the project then that is SHAREHOLDER DILUTION Do not worry I will let you know when I invest and I will comment from time to time as I see fit. .

Usually the price drops after Harry presents BUT maybe this will be the exception. Perhaps he will announce that the debt/equity package has been finalised and he only needs to issue another 300 million shares at 4p or below at this stage.

Jasper......will be very interesting to read first RNS re this. If in a closed period, doubt if directors will be allowed to issue themselves shares in lieu.. Gives them an excuse to take cash instead.

Directors taking salaries in shares from now on. Sounds great except why would they not want to get shares to lower price to average down better ? Say one of them is getting �20k + per month then that translates into millions of shares per month. Refrain from anything except "desk top studies" and the shares should just keep on down. Already traded at .094 and .091 this morning.

Will we get another 5 million plus trade below this figure today ?

Still involved in this company having virtually brought it to its knees ?

Art.....interesting interview and you have pointed out that more drilling will be required. RM now needs third parties with experience in greenstone belts such as Tanzania to help him. This indicates that the current geological team are not up to the task ! RM almost coughed when asked by Charlie how much the monthly burn would be reduced by directors forfeiting cash salaries for share......tens of thousands a month. These guys are just not up to it. IMHO

Will have to show some serious work has been carried out if they are to be granted a further extension. Yes...SULA has the option but the Minister of Mines has the right to grant or refuse the extension.

These Chinese are clever cookies and I would not be surprised if Shandong have not already approached the authorities in SL claiming that Sula have little or no cash and should "lose it if not using it ".

Roger has a pipedream (IMHO) that Shandong will want to partner Sula on this. Shandong have enough ore for 40 years so why bother. They could wait for Sula to fall on its face and get it for nothing from the Govt. in Sierra Leone.

NicotineNelly......... Those are proper numbers and make the Sula numbers vastly INFERIOR. Perhaps RM has a lot to learn about "near bonanza". I thought the interview was rather bland.