Member Info for Davie46

Community responsibilities are all well and good but while Sula are building roads and schools the company is going down the pan big style and the shareholders are picking up the bill. Nick Warrel was supposed to be the big clan chief who could get things done.

Very little hope I'm afraid. They have been using new share issues to the extent we now have far too many in circulation, so if they do find gold, instead of using it to build a school and roads for the locals as they did with previous gold found they will need to buy back 100s of millions shares to raise shareholder value.

Looks like we will be down and out by the year end. At least that would put me out of my misery and let me move on. What a shambles of a company, wish I had never heard of them.

I remember some time ago Nick was said to have sold some of our gold and financed some local project. I would suggest the next time they are in that position their first action should be for the long suffering shareholders and not the local community. It should be the company's priority in that situation to use the gold and buy back some of the ridiculous number of shares on the market. Come on Sula show some loyalty to us shareholders and do the decent thing although I don't have much hope of anyone in this company being of that mind. My shares have lost so much it is not worth selling but I have written them off in my investments.

Typical aim share, absolute crap.

Not long now till I can take this share out of the bottom drawer and put in the bin.

Well we all seem to be in agreement there then, crap, crap and more crap.

If you think you can control AIM shares you are welcome to it, I personally will never buy another share on this market, far too many dodgy dealings for my liking.

Another Aims share where I have written of my initial purchase. Still holding but have lost so much value that there is practically nothing left. I doubt this company will survive but hope springs eternal as they say.

More like 1p for the end of September !!

I don't pretend to know anything about mining but it looks to me that the market was not very positive about this RNS.

Initial field work to target gold mineralisation commenced November 2013, then November 2015 start of extended gold drill programme. Whether or not any drilling was involved at the end of 2013 or the beginning of 2014 some drilling for gold samples was taking place prior to November 2015. Not my figures but issued by Sula.

They have already been drilling for about 4 years on a supposed near surface gold field. Another 2 years means drilling for 6 years to obtain a JORC.

After these results it will be move on to another area , more drilling, more samples and more results. Is there any end game here or is it just a game to pay the salaries of Nick and now Roger. See absolutely no future in this tin pot company it just goes on and on with no visible outcome in sight.

Doubt there is anything going on behind the scenes, this is the aim market which needs to be taken with a great deal of scepticism on activity's. Apart from one buy at £40,000 most of the other buys have been in the hundreds which is hardly as you have said " hundreds of thousands that keep on coming into this company. " The company certainly looks to be on a better footing than 3 months ago and would hope we get a slow steady increase but at the moment nothing to gat excited about .

I think some of that whiskey must have been drunk by seahunter according to his post "flying" ..

Not a chance in hell of me putting another penny into this company. Feel I have been shafted by this lot, one dilution after another with no end game stated, are they going to mine or sell it just seems to be another drill needed , more samples needed and this has been going on long before Murphy got involved. A dead duck me thinks.

This just goes on and on with no upside to share price. I don't pretend to know anything about all the technical jargon that comes out of Sula but it does seem to be one drill after another with samples sent for analysis. What is the end game strategy are they just proving up to sell or are they going to mine and if so what is the time frame. At this rate we will still be sending samples in 2020 with no notification to the suffering shareholders of the companies aims.

I am hoping the next dividend date and price will be announced at the Q1 update.

Hopefully we will get an RNS soon to inform us when the quarterly dividend will start again.