that there are people out there who have not seen what this company have done and how they've lied to all their investors while milking them dry... I'm shocked there are people here who are willing to put their hard earned money in here as a punt. I was invested in here for over 3 years and saw my 100k investment turn into 2k when I finally decided to take the hit and put my money into Crypto Currency. Since then, I have managed to make 10k, a return Sula would never ever have given me. My advice to those in similar positions to me is to look elsewhere to recover their money, because Sula is not going to give anything back.
as this SP will keep diving. Better off taking the few pennies left over and spending it on something worth while than watch it fall even more. Absolute disaster, everyone in this company and anyone associated with it should be ashamed of themselves. If this is not a scam then I don't know what it is...
For long term holders here is impossible. I am posting this because I know there are more than a few here who feel the pain of AIM stock market. I have recently sold all my shares at near 6 figure losses and have put it into crypto currency called Ripple. In one week my investment has increased 40%, an increase we will never ever see in SULA. I rather put my money in somewhere where there is a chance of growth as to leaving it here with almost NO growth. Good luck all
sold out here at a 90% loss! I invested in here 3 years ago and don't see myself getting any of my money back. So therefore I decided to sell out and put the money in a crypto currency called Ripple, which is apparently going to explode like bitcoin in the next couple of years. Obviously this is a gamble but what good has penny stocks done? nothing at all, so I rather not wait around another 3 years to see this drop further and further. Good luck all.
I think he was looking for a way out for the last couple of years - despite what the one or two so called experts on this board think, we all with a bit of common sense know there was never any Gold and definitely no Coltan and a us less bit of Iron. Nick was looking to pass this over so he can get out quietly and let someone else take the blame for this disaster. Good luck and good riddance.
made the same mistake and paid a big price. I still cant believe there are people on here who still tell us to have faith!
of course they are selling, they didn't get paid in cash so are selling their shares.
It was not too long ago that another long term poster here met up with Nick W when he was running the show and he reassured him that things will turn around. Soon after, the stock is at its lowest ever, no coltan, no buyer for the iron ore and no money for the gold and certainly no plan. How can you possible believe RM? I'm starting to think this board is the SULA board in disguise...
Just wondering what the end game for these guys if they are indeed manipulating the SP? If it's because they want the shares on the cheap, then the company has to do something (pump and dump again?) to raise the SP so they can profit right? I actually can't see who the winners are here, seems like the minority of minority only have something to gain but even for them SULA has to actually deliver something, or am I missing the point here?
i think most LTH will be lucky to see 0.6 again - if it does ever come, I definitely will be selling out even if its at a huge loss....
i completely agree with you that Cherryburn has called this one as it is, especially with all these posters on here who seem to be either confused or just blindly hopeful because this company has absolutely no credibility whatsoever. However, @cherryburm, why do you still post here? Are you invested in here or just exposing companies like SULA?
Ofcourse! this company is a sham and I have no idea the motivation or purpose behind posters on here who continue to talk about facts and research that show lots of potential when there is absolutely no reason to...
There was a poster on here (Swanley) who was sure that the targeted drilling would present very good results because they know hold exists there... I disagreed strongly because of the timing of this targeted drill, there is no way a company with so much experience on board would wait so long to prove up something apparently worth millions of dollars. Instead they tried to find something else and wasted more and more money trying and than as a final resort decided to come back to Sanama.
I have been mentioning on here time after time that nobody with any experience in anything would be this incompetent.... badly worded RNS? Bad timing? Poor communication? NO... the board knows it has absolutely nothing and is wasting our time and money and then tries to communicate absolute bullshit and everyone knows it (except a handful of of ppl on here who talk about facts yet nothing has been delivered)
As I predicted, poor results and further poor results to come I'm sure...
And this is a typical operation here at SULA.... no news here most definitely suggests they have nothing as usual. This board is an absolute joke, they are wasting our time and money and most people are fed up of this bull shit hence the SP moving no where.
No build up, no buzz, no trading activity - a very familiar atmosphere here at SULA...
Afternoon - well I'm not the one who is claiming to know it all, the board of SULA are and they have not delivered anything so save your sarcasm for them when they continue to disappoint but still pay themselves for trying. People like you and I will be the ones who are at a loss.
This stock has apparently been a steal for the last 4 years. Nick nor Roger have any clue to whats in the ground otherwise how can someone (NW) with 30 years experience in the industry fail so badly? I don't think he got unlucky, I don't think he made the wrong decisions, I actually think there is nothing in the ground and they are talking about all this serious potential based off probably seeing snippets of a little gold here and there. Interesting to see how much longer they will keep this going before closing shop...
Swanley, I don't mean any disrespect but I and many others have been in this stock for many years and there is always an optimistic poster like yourself who likes to see the bright side in a situation which merits none. When the results come out and they are disappointing (and they most likely will be) then you will be just as frustrated as I am, you already felt it in the last batch results. The issue im trying to highlight here is why it took 2 years to take action in an area which has potentially millions and millions of dollars worth of gold? What do the board know that we don't? Why are we wasting time and money exploring unknown areas? Is it because Sanama Hill isn't really what they thought it would be? Is it worth further averaging down in hope that Sanama Hill has significant gold? We need to challenge the board with these types of questions rather than them guide is in a journey where we see further dilution, more placing's and average to no good results just so these guys can pay themselves a salary for trying!!